Ratio	2018	2019
Margins
Gross Margin	47.5%	46.5%
EBITDA Margin	15.3%	-5.3%
EBITDAR	146	-25
EBITDAR Margin	15.3%	-5.3%
EBIT Margin	14.8%	-5.5%
Net Profit Margin	16.9%	-6.9%
Operating Expense % of Sales	32.2%	51.9%
Returns
Return on Assets (ROA)	6.2%	-1.1%
Return on Equity (ROE)	9.2%	-1.8%
ROIC [EBIT / Invested Capital]	11.4%	-1.4%
Leverage & liquidity
Debt-to-Assets	17.1%	4.7%
Debt-to-Equity	0.25x	0.07x
Debt-to-EBITDA	3.03x	N/A
Equity-to-Assets	67.8%	62.4%
Net Debt	-522	110
Cash & Equivalents	965	19
Total Debt	443	129
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	131.01x	148.52x
Days Sales Outstanding (DSO)	2.8	2.5
Payables Turnover	94.34x	8.79x
Days Payable Outstanding (DPO)	3.9	41.5
Cash Conversion Cycle	-1.1 days	-39.0 days
Asset Turnover	0.37x	0.17x
Cash flow & dividends
Operating Cash Flow	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A
Dividends Declared	N/A	N/A
Dividend Payout Ratio	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