Ratio	2023	2024
Margins
Gross Margin	69.5%	70.0%
EBITDA Margin	26.2%	6.1%
EBITDAR	3,916	2,126
EBITDAR Margin	45.7%	24.5%
EBIT Margin	25.0%	4.2%
Net Profit Margin	-0.5%	6.2%
Operating Expense % of Sales	43.3%	63.8%
Returns
Return on Assets (ROA)	-2.5%	32.0%
Return on Equity (ROE)	-6.0%	46.4%
ROIC [EBIT / Invested Capital]	404.0%	43.8%
Leverage & liquidity
Debt-to-Assets	24.9%	0.0%
Debt-to-Equity	0.60x	0.00x
Debt-to-EBITDA	0.20x	0.00x
Equity-to-Assets	41.2%	68.9%
Net Debt	-199	-336
Cash & Equivalents	639	336
Total Debt	440	N/A
Efficiency & working capital
Inventory Turnover	-1.21x	N/A
Days Inventory Outstanding (DIO)	-302.3	N/A
Receivables Turnover	88.45x	182.55x
Days Sales Outstanding (DSO)	4.1	2.0
Payables Turnover	7.23x	6.48x
Days Payable Outstanding (DPO)	50.5	56.4
Cash Conversion Cycle	-348.7 days	-54.4 days
Asset Turnover	4.84x	5.14x
Cash flow & dividends
Operating Cash Flow	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A
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