Ratio	2022	2023	2024
Margins
Gross Margin	24.3%	45.9%	57.1%
EBITDA Margin	9.3%	20.5%	25.2%
EBITDAR	505	1,458	1,781
EBITDAR Margin	9.3%	20.6%	25.8%
EBIT Margin	9.2%	20.4%	25.1%
Net Profit Margin	9.2%	27.9%	24.4%
Operating Expense % of Sales	15.1%	25.5%	31.9%
Returns
Return on Assets (ROA)	14.7%	63.6%	36.5%
Return on Equity (ROE)	64.4%	71.8%	37.9%
ROIC [EBIT / Invested Capital]	484.1%	89.7%	70.1%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x
Equity-to-Assets	22.8%	88.6%	96.4%
Net Debt	-675	-1,145	-1,967
Cash & Equivalents	675	1,145	1,967
Total Debt	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	63.98x	86.19x	74.19x
Days Sales Outstanding (DSO)	5.7	4.2	4.9
Payables Turnover	1.58x	11.41x	24.93x
Days Payable Outstanding (DPO)	231.7	32.0	14.6
Cash Conversion Cycle	-226.0 days	-27.8 days	-9.7 days
Asset Turnover	1.60x	2.28x	1.50x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A
Dividend Payout Ratio	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