Ratio	2018	2019
Margins
Gross Margin	57.5%	16.0%
EBITDA Margin	53.0%	-22.6%
EBITDAR	4,011	-243
EBITDAR Margin	53.0%	-22.6%
EBIT Margin	49.9%	-43.3%
Net Profit Margin	57.5%	-16.2%
Operating Expense % of Sales	4.6%	38.6%
Returns
Return on Assets (ROA)	31.3%	-1.6%
Return on Equity (ROE)	72.3%	-3.0%
ROIC [EBIT / Invested Capital]	67.4%	-8.4%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x
Debt-to-EBITDA	0.00x	N/A
Equity-to-Assets	43.3%	55.1%
Net Debt	-427	-306
Cash & Equivalents	427	306
Total Debt	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	0.60x	0.11x
Days Sales Outstanding (DSO)	605.2	3436.2
Payables Turnover	0.42x	0.19x
Days Payable Outstanding (DPO)	859.0	1919.8
Cash Conversion Cycle	-253.8 days	1516.5 days
Asset Turnover	0.54x	0.10x
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