Ratio	2020	2021	2022	2023	2024
Margins
Gross Margin	45.3%	38.4%	39.3%	37.9%	47.2%
EBITDA Margin	36.9%	27.6%	25.9%	25.6%	27.5%
EBITDAR	1,125	1,336	1,562	1,941	1,195
EBITDAR Margin	37.3%	27.6%	25.9%	25.6%	27.5%
EBIT Margin	36.5%	26.9%	25.0%	24.9%	26.2%
Net Profit Margin	36.4%	26.4%	23.9%	24.2%	26.2%
Operating Expense % of Sales	8.4%	10.7%	13.4%	12.2%	19.7%
Returns
Return on Assets (ROA)	47.1%	37.0%	29.9%	27.6%	14.1%
Return on Equity (ROE)	53.0%	39.5%	30.9%	28.1%	14.9%
ROIC [EBIT / Invested Capital]	52.1%	45.0%	33.0%	31.4%	16.4%
Leverage & liquidity
Debt-to-Assets	3.8%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.04x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.08x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	88.8%	93.7%	96.9%	98.3%	94.7%
Net Debt	43	-342	-117	-494	-711
Cash & Equivalents	46	342	117	494	711
Total Debt	89	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	2.33x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	156.7	N/A	N/A	N/A	N/A
Receivables Turnover	3.57x	8.99x	7.05x	6.31x	3.58x
Days Sales Outstanding (DSO)	102.2	40.6	51.8	57.8	101.8
Payables Turnover	12.36x	51.67x	59.04x	146.00x	41.68x
Days Payable Outstanding (DPO)	29.5	7.1	6.2	2.5	8.8
Cash Conversion Cycle	229.4 days	33.5 days	45.6 days	55.3 days	93.1 days
Asset Turnover	1.29x	1.40x	1.25x	1.14x	0.54x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A	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