Ratio	2021	2022
Margins
Gross Margin	17.3%	14.0%
EBITDA Margin	1.3%	0.5%
EBITDAR	45	38
EBITDAR Margin	2.0%	0.9%
EBIT Margin	1.3%	0.5%
Net Profit Margin	1.3%	0.5%
Operating Expense % of Sales	15.9%	13.5%
Returns
Return on Assets (ROA)	41.9%	31.1%
Return on Equity (ROE)	135.8%	N/A
ROIC [EBIT / Invested Capital]	299.5%	N/A
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%
Debt-to-Equity	0.00x	-0.00x
Debt-to-EBITDA	0.00x	0.00x
Equity-to-Assets	30.9%	-327.3%
Net Debt	-12	-5
Cash & Equivalents	12	5
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	56.57x	133.59x
Days Sales Outstanding (DSO)	6.5	2.7
Payables Turnover	38.37x	13.91x
Days Payable Outstanding (DPO)	9.5	26.2
Cash Conversion Cycle	-3.1 days	-23.5 days
Asset Turnover	32.06x	69.09x
Cash flow & dividends
Operating Cash Flow	29	20
Free Cash Flow (OCF − Capex proxy)	29	20
Cash Conversion (OCF / EBITDA)	100.0%	100.0%
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