Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	16.4%	11.4%	24.3%	43.3%	11.4%	11.1%	-31.1%
EBITDA Margin	15.9%	10.3%	18.7%	14.9%	5.7%	1.3%	-42.8%
EBITDAR	2,021	2,751	2,840	385	489	135	-1,454
EBITDAR Margin	15.9%	10.3%	18.7%	14.9%	5.7%	1.3%	-42.8%
EBIT Margin	14.8%	9.8%	17.8%	9.5%	5.7%	1.3%	-44.1%
Net Profit Margin	14.9%	9.4%	17.4%	15.8%	9.0%	0.4%	-48.7%
Operating Expense % of Sales	0.5%	1.1%	5.6%	28.4%	5.7%	9.8%	11.7%
Returns
Return on Assets (ROA)	32.1%	27.0%	27.4%	5.5%	6.6%	0.3%	-15.5%
Return on Equity (ROE)	66.3%	45.3%	32.0%	6.2%	10.6%	0.6%	-25.3%
ROIC [EBIT / Invested Capital]	70.4%	47.4%	32.9%	3.8%	6.7%	1.8%	-22.9%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	N/A
Equity-to-Assets	48.3%	59.5%	85.5%	87.5%	62.7%	59.9%	61.2%
Net Debt	-175	-33	-76	-18	-1	-11	-14
Cash & Equivalents	175	33	76	18	1	11	14
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	33.02x	6.14x	1.35x	33.32x	55.52x	222.69x
Days Inventory Outstanding (DIO)	N/A	11.1	59.5	269.6	11.0	6.6	1.6
Receivables Turnover	5.44x	4.62x	2.40x	0.53x	1.22x	1.13x	0.47x
Days Sales Outstanding (DSO)	67.1	79.0	152.0	694.3	300.1	322.8	779.6
Payables Turnover	5.55x	11.00x	10.86x	1.57x	1.75x	1.94x	1.07x
Days Payable Outstanding (DPO)	65.7	33.2	33.6	232.4	208.2	188.0	339.5
Cash Conversion Cycle	1.4 days	56.9 days	177.9 days	731.6 days	102.9 days	141.4 days	441.7 days
Asset Turnover	2.15x	2.86x	1.57x	0.35x	0.74x	0.86x	0.32x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A	82	-11	2
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A	82	-11	2
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A	16.8%	-7.9%	N/A
Dividends Declared	N/A	N/A	N/A	0	0	0	0
Dividend Payout Ratio	N/A	N/A	N/A	0.0%	0.0%	0.0%	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