Ratio	2022	2023	2024
Margins
Gross Margin	39.4%	48.1%	49.8%
EBITDA Margin	12.4%	4.4%	3.1%
EBITDAR	1,080	631	841
EBITDAR Margin	12.4%	4.4%	5.8%
EBIT Margin	12.2%	3.8%	3.1%
Net Profit Margin	10.1%	2.5%	2.4%
Operating Expense % of Sales	27.0%	43.6%	46.7%
Returns
Return on Assets (ROA)	66.3%	21.3%	17.7%
Return on Equity (ROE)	100.0%	28.9%	23.1%
ROIC [EBIT / Invested Capital]	199.1%	58.0%	48.9%
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	66.3%	73.6%	76.6%
Net Debt	-345	-302	-622
Cash & Equivalents	345	302	622
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	12.61x	20.06x	17.15x
Days Sales Outstanding (DSO)	29.0	18.2	21.3
Payables Turnover	193.76x	241.76x	1024.50x
Days Payable Outstanding (DPO)	1.9	1.5	0.4
Cash Conversion Cycle	27.1 days	16.7 days	20.9 days
Asset Turnover	6.58x	8.50x	7.22x
Cash flow & dividends
Operating Cash Flow	457	114	562
Free Cash Flow (OCF − Capex proxy)	457	114	468
Cash Conversion (OCF / EBITDA)	42.3%	18.1%	124.7%
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