Ratio	2020	2021	2022	2023	2024
Margins
Gross Margin	27.5%	41.9%	46.9%	37.4%	39.6%
EBITDA Margin	-1.0%	29.9%	42.4%	33.1%	36.8%
EBITDAR	11	1,892	3,205	2,328	3,099
EBITDAR Margin	0.5%	30.4%	42.8%	33.5%	37.3%
EBIT Margin	-1.3%	29.7%	42.3%	33.1%	36.7%
Net Profit Margin	8.2%	29.5%	40.2%	30.6%	36.9%
Operating Expense % of Sales	28.5%	12.0%	4.5%	4.3%	2.7%
Returns
Return on Assets (ROA)	7.1%	49.6%	49.1%	29.6%	29.1%
Return on Equity (ROE)	176.9%	179.3%	127.8%	112.1%	87.4%
ROIC [EBIT / Invested Capital]	-133.4%	216.7%	150.4%	162.8%	89.7%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	N/A	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	4.0%	27.7%	38.4%	26.4%	33.3%
Net Debt	-81	-170	-249	-485	-110
Cash & Equivalents	81	170	249	485	110
Total Debt	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	1.27x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	288.2	N/A	N/A	N/A	N/A
Receivables Turnover	2.55x	3.00x	1.93x	2.01x	1.80x
Days Sales Outstanding (DSO)	143.0	121.9	189.5	181.6	202.7
Payables Turnover	0.65x	1.35x	1.05x	0.82x	0.71x
Days Payable Outstanding (DPO)	557.6	270.4	346.0	445.4	512.1
Cash Conversion Cycle	-126.3 days	-148.6 days	-156.6 days	-263.8 days	-309.5 days
Asset Turnover	0.87x	1.68x	1.22x	0.96x	0.79x
Cash flow & dividends
Operating Cash Flow	9	114	109	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	9	114	109	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	6.2%	3.4%	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	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