Ratio	2020	2021	2022	2023	2024
Margins
Gross Margin	41.0%	39.3%	44.0%	44.9%	41.2%
EBITDA Margin	17.8%	23.2%	18.7%	20.8%	16.4%
EBITDAR	278	613	607	929	946
EBITDAR Margin	21.2%	25.3%	21.8%	25.8%	22.6%
EBIT Margin	17.7%	23.1%	16.6%	19.3%	15.2%
Net Profit Margin	17.7%	23.0%	17.8%	19.1%	15.3%
Operating Expense % of Sales	23.2%	16.1%	25.4%	24.1%	24.8%
Returns
Return on Assets (ROA)	22.2%	40.0%	23.9%	31.2%	20.8%
Return on Equity (ROE)	27.9%	42.9%	32.0%	38.1%	28.4%
ROIC [EBIT / Invested Capital]	30.3%	51.3%	41.7%	43.0%	31.5%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	79.6%	93.3%	74.6%	81.9%	73.4%
Net Debt	-65	-208	-445	-185	-238
Cash & Equivalents	65	208	445	185	238
Total Debt	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	0.94x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	387.3	N/A	N/A	N/A	N/A
Receivables Turnover	27.93x	39.39x	49.86x	56.21x	82.62x
Days Sales Outstanding (DSO)	13.1	9.3	7.3	6.5	4.4
Payables Turnover	3.66x	15.72x	2.95x	5.01x	3.05x
Days Payable Outstanding (DPO)	99.7	23.2	123.6	72.9	119.6
Cash Conversion Cycle	300.7 days	-14.0 days	-116.2 days	-66.4 days	-115.2 days
Asset Turnover	1.26x	1.74x	1.34x	1.64x	1.36x
Cash flow & dividends
Operating Cash Flow	34	142	237	-260	N/A
Free Cash Flow (OCF − Capex proxy)	34	142	237	-260	N/A
Cash Conversion (OCF / EBITDA)	14.6%	25.3%	45.7%	-34.8%	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A	N/A	N/A

Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in ₾ '000. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.

Ownership & group structure

Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.

companyinfo.ge · fetched 2026-07-15