Ratio	2022	2023
Margins
Gross Margin	29.0%	49.4%
EBITDA Margin	18.0%	43.5%
EBITDAR	179	1,424
EBITDAR Margin	18.0%	43.5%
EBIT Margin	6.9%	39.1%
Net Profit Margin	24.4%	59.6%
Operating Expense % of Sales	11.0%	5.9%
Returns
Return on Assets (ROA)	10.0%	54.1%
Return on Equity (ROE)	24.0%	64.5%
ROIC [EBIT / Invested Capital]	3.8%	39.7%
Leverage & liquidity
Debt-to-Assets	35.5%	7.9%
Debt-to-Equity	0.85x	0.09x
Debt-to-EBITDA	4.81x	0.20x
Equity-to-Assets	41.7%	83.8%
Net Debt	823	204
Cash & Equivalents	35	84
Total Debt	858	287
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	15.10x	3.98x
Days Sales Outstanding (DSO)	24.2	91.8
Payables Turnover	1.50x	19.16x
Days Payable Outstanding (DPO)	242.8	19.0
Cash Conversion Cycle	-218.7 days	72.7 days
Asset Turnover	0.41x	0.91x
Cash flow & dividends
Operating Cash Flow	285	722
Free Cash Flow (OCF − Capex proxy)	-812	547
Cash Conversion (OCF / EBITDA)	159.7%	50.7%
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