Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	100.0%	4.0%	6.4%	1.3%	0.9%	2.9%	2.4%
EBITDA Margin	96.4%	3.5%	4.8%	0.6%	-1.0%	2.1%	0.2%
EBITDAR	0	184	196	76	-112	212	23
EBITDAR Margin	96.4%	3.6%	5.1%	0.6%	-1.0%	2.1%	0.2%
EBIT Margin	95.9%	3.5%	4.8%	0.6%	-1.0%	2.1%	0.2%
Net Profit Margin	96.4%	2.1%	5.0%	0.5%	-1.0%	2.1%	1.2%
Operating Expense % of Sales	3.6%	0.5%	1.6%	0.7%	1.9%	0.8%	2.2%
Returns
Return on Assets (ROA)	96.4%	7.2%	7.9%	3.0%	-3.3%	3.8%	5.0%
Return on Equity (ROE)	96.6%	99.6%	59.2%	17.9%	-41.3%	37.6%	20.4%
ROIC [EBIT / Invested Capital]	96.4%	N/A	N/A	20.8%	N/A	N/A	N/A
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	N/A	0.00x	0.00x
Equity-to-Assets	99.7%	7.3%	13.4%	16.7%	7.9%	10.1%	24.6%
Net Debt	-0	-798	-2,152	-29	-1,824	-4,723	-948
Cash & Equivalents	0	798	2,152	29	1,824	4,723	948
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Receivables Turnover	N/A	7.41x	15.34x	6.87x	6.63x	11.88x	6.30x
Days Sales Outstanding (DSO)	N/A	49.2	23.8	53.1	55.1	30.7	58.0
Payables Turnover	N/A	3.59x	1.75x	6.66x	3.50x	2.01x	5.46x
Days Payable Outstanding (DPO)	N/A	101.7	208.8	54.8	104.3	181.6	66.9
Cash Conversion Cycle	N/A	-52.5 days	-185.0 days	-1.7 days	-49.2 days	-150.9 days	-8.9 days
Asset Turnover	1.00x	3.41x	1.59x	5.62x	3.18x	1.85x	4.22x
Cash flow & dividends
Operating Cash Flow	0	3,258	4,955	23,783	16,526	12,846	12,942
Free Cash Flow (OCF − Capex proxy)	0	798	1,354	-2,123	1,795	2,884	-1,749
Cash Conversion (OCF / EBITDA)	0.3%	1822.0%	2706.6%	31438.4%	N/A	6068.5%	55307.3%
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