Ratio	2022	2023
Margins
Gross Margin	51.4%	28.0%
EBITDA Margin	34.0%	5.0%
EBITDAR	3,201	357
EBITDAR Margin	34.0%	5.0%
EBIT Margin	33.7%	4.4%
Net Profit Margin	33.1%	1.5%
Operating Expense % of Sales	17.4%	23.0%
Returns
Return on Assets (ROA)	83.3%	3.2%
Return on Equity (ROE)	106.8%	5.1%
ROIC [EBIT / Invested Capital]	143.3%	14.1%
Leverage & liquidity
Debt-to-Assets	5.7%	5.6%
Debt-to-Equity	0.07x	0.09x
Debt-to-EBITDA	0.07x	0.52x
Equity-to-Assets	78.0%	62.2%
Net Debt	-703	185
Cash & Equivalents	918	0
Total Debt	215	185
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	7.96x	14.94x
Days Sales Outstanding (DSO)	45.9	24.4
Payables Turnover	39.56x	26.49x
Days Payable Outstanding (DPO)	9.2	13.8
Cash Conversion Cycle	36.6 days	10.7 days
Asset Turnover	2.51x	2.18x
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