Ratio	2019	2020
Margins
Gross Margin	-16.2%	21.0%
EBITDA Margin	-8.7%	21.0%
EBITDAR	-233	442
EBITDAR Margin	-8.6%	21.4%
EBIT Margin	-8.7%	21.0%
Net Profit Margin	-24.4%	11.5%
Operating Expense % of Sales	7.5%	0.1%
Returns
Return on Assets (ROA)	-13.3%	31.5%
Return on Equity (ROE)	N/A	N/A
ROIC [EBIT / Invested Capital]	-9.0%	57.9%
Leverage & liquidity
Debt-to-Assets	113.3%	156.8%
Debt-to-Equity	-8.51x	-2.76x
Debt-to-EBITDA	N/A	2.72x
Equity-to-Assets	-13.3%	-56.8%
Net Debt	3,293	1,173
Cash & Equivalents	2,350	4
Total Debt	5,643	1,177
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	10.69x	N/A
Days Sales Outstanding (DSO)	34.1	N/A
Payables Turnover	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A
Cash Conversion Cycle	34.1 days	N/A
Asset Turnover	0.55x	2.75x
Cash flow & dividends
Operating Cash Flow	407	4
Free Cash Flow (OCF − Capex proxy)	2,350	4
Cash Conversion (OCF / EBITDA)	N/A	0.9%
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