Ratio	2022	2023	2024
Margins
Gross Margin	100.0%	18.5%	17.1%
EBITDA Margin	34.5%	7.6%	11.6%
EBITDAR	7,393	1,487	742
EBITDAR Margin	34.7%	7.6%	11.7%
EBIT Margin	34.5%	7.5%	11.5%
Net Profit Margin	32.9%	7.6%	10.8%
Operating Expense % of Sales	65.5%	10.9%	5.5%
Returns
Return on Assets (ROA)	76.6%	15.3%	8.5%
Return on Equity (ROE)	99.8%	17.5%	8.5%
ROIC [EBIT / Invested Capital]	569.0%	58.1%	74.4%
Leverage & liquidity
Debt-to-Assets	1.7%	0.8%	0.0%
Debt-to-Equity	0.02x	0.01x	0.00x
Debt-to-EBITDA	0.02x	0.05x	0.00x
Equity-to-Assets	76.8%	87.6%	99.8%
Net Debt	-5,718	-5,969	-7,132
Cash & Equivalents	5,874	6,049	7,132
Total Debt	156	80	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	7.11x	5.63x	7.34x
Days Sales Outstanding (DSO)	51.3	64.8	49.7
Payables Turnover	N/A	54.55x	421.76x
Days Payable Outstanding (DPO)	N/A	6.7	0.9
Cash Conversion Cycle	51.3 days	58.1 days	48.9 days
Asset Turnover	2.33x	2.02x	0.78x
Cash flow & dividends
Operating Cash Flow	6,219	269	2,245
Free Cash Flow (OCF − Capex proxy)	6,215	256	2,237
Cash Conversion (OCF / EBITDA)	84.6%	18.3%	304.4%
Dividends Declared	0	0	1,069
Dividend Payout Ratio	0.0%	0.0%	155.8%

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