Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	34.8%	31.3%	30.2%	31.4%	31.7%	36.1%	34.6%
EBITDA Margin	20.5%	16.4%	20.6%	23.6%	20.4%	25.7%	25.4%
EBITDAR	533	441	742	1,120	1,083	1,187	1,443
EBITDAR Margin	22.6%	18.6%	22.2%	24.9%	22.3%	27.5%	26.6%
EBIT Margin	20.3%	16.1%	20.4%	23.5%	20.2%	25.6%	25.3%
Net Profit Margin	19.3%	11.4%	15.6%	23.5%	20.8%	24.3%	23.5%
Operating Expense % of Sales	14.3%	14.9%	9.6%	7.8%	11.3%	10.4%	9.2%
Returns
Return on Assets (ROA)	20.5%	14.1%	23.1%	33.9%	26.7%	25.5%	25.6%
Return on Equity (ROE)	21.5%	14.5%	46.7%	48.6%	31.8%	27.2%	26.8%
ROIC [EBIT / Invested Capital]	25.5%	21.4%	36.1%	41.1%	31.4%	29.0%	29.2%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	35.2%	14.8%	0.8%	0.1%	0.1%
Debt-to-Equity	0.00x	0.00x	0.71x	0.21x	0.01x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	1.16x	0.44x	0.03x	0.00x	0.00x
Equity-to-Assets	95.5%	97.3%	49.4%	69.7%	84.1%	93.5%	95.6%
Net Debt	-247	-87	770	392	-58	-40	-64
Cash & Equivalents	247	87	28	71	88	44	69
Total Debt	N/A	N/A	797	463	31	4	4
Efficiency & working capital
Inventory Turnover	N/A	1.80x	2.58x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	203.3	141.6	N/A	N/A	N/A	N/A
Receivables Turnover	1.93x	2.77x	2.62x	2.57x	2.11x	1.67x	1.91x
Days Sales Outstanding (DSO)	188.7	131.7	139.2	142.0	173.1	219.1	191.0
Payables Turnover	15.74x	36.76x	6.76x	6.42x	5.82x	10.47x	17.09x
Days Payable Outstanding (DPO)	23.2	9.9	54.0	56.8	62.7	34.9	21.4
Cash Conversion Cycle	165.5 days	325.1 days	226.9 days	85.1 days	110.4 days	184.2 days	169.7 days
Asset Turnover	1.06x	1.23x	1.47x	1.44x	1.28x	1.05x	1.09x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	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	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	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