Ratio	2022	2023	2024
Margins
Gross Margin	100.0%	11.3%	18.2%
EBITDA Margin	3.3%	4.5%	-1.9%
EBITDAR	261	469	188
EBITDAR Margin	4.2%	6.7%	4.0%
EBIT Margin	3.1%	4.2%	-2.3%
Net Profit Margin	1.8%	3.7%	-2.5%
Operating Expense % of Sales	96.7%	6.8%	20.1%
Returns
Return on Assets (ROA)	85.4%	35.8%	-27.0%
Return on Equity (ROE)	100.0%	70.4%	-45.5%
ROIC [EBIT / Invested Capital]	233.4%	N/A	-55.4%
Leverage & liquidity
Debt-to-Assets	10.7%	0.0%	0.0%
Debt-to-Equity	0.12x	0.00x	0.00x
Debt-to-EBITDA	0.07x	0.00x	N/A
Equity-to-Assets	85.4%	50.9%	59.3%
Net Debt	-27	-616	-58
Cash & Equivalents	40	616	58
Total Debt	14	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	N/A	N/A	16.88x
Days Sales Outstanding (DSO)	N/A	N/A	21.6
Payables Turnover	N/A	1286.45x	901.96x
Days Payable Outstanding (DPO)	N/A	0.3	0.4
Cash Conversion Cycle	N/A	-0.3 days	21.2 days
Asset Turnover	47.98x	9.56x	10.85x
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