Ratio	2022	2023	2024
Margins
Gross Margin	15.6%	10.1%	29.2%
EBITDA Margin	10.8%	1.9%	27.3%
EBITDAR	1,032	167	1,760
EBITDAR Margin	10.8%	1.9%	27.3%
EBIT Margin	10.6%	1.7%	27.0%
Net Profit Margin	11.9%	3.7%	26.1%
Operating Expense % of Sales	4.8%	8.2%	1.9%
Returns
Return on Assets (ROA)	44.6%	11.3%	40.0%
Return on Equity (ROE)	207.6%	89.9%	95.9%
ROIC [EBIT / Invested Capital]	117.1%	17.6%	77.0%
Leverage & liquidity
Debt-to-Assets	42.7%	37.5%	33.4%
Debt-to-Equity	1.99x	3.00x	0.80x
Debt-to-EBITDA	1.05x	6.56x	0.80x
Equity-to-Assets	21.5%	12.5%	41.7%
Net Debt	318	478	507
Cash & Equivalents	769	617	896
Total Debt	1,087	1,094	1,402
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	30.26x	12.03x	6.43x
Days Sales Outstanding (DSO)	12.1	30.3	56.8
Payables Turnover	8.95x	5.51x	4.38x
Days Payable Outstanding (DPO)	40.8	66.2	83.4
Cash Conversion Cycle	-28.7 days	-35.9 days	-26.6 days
Asset Turnover	3.75x	3.06x	1.53x
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