Ratio	2023	2024
Margins
Gross Margin	22.7%	34.9%
EBITDA Margin	11.4%	26.4%
EBITDAR	428	1,018
EBITDAR Margin	11.4%	26.4%
EBIT Margin	10.6%	25.3%
Net Profit Margin	6.6%	25.4%
Operating Expense % of Sales	11.4%	8.5%
Returns
Return on Assets (ROA)	9.3%	29.2%
Return on Equity (ROE)	103.0%	80.2%
ROIC [EBIT / Invested Capital]	16.2%	33.8%
Leverage & liquidity
Debt-to-Assets	83.9%	58.2%
Debt-to-Equity	9.26x	1.60x
Debt-to-EBITDA	5.24x	1.92x
Equity-to-Assets	9.1%	36.4%
Net Debt	2,221	1,665
Cash & Equivalents	25	293
Total Debt	2,246	1,958
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	1.51x	1.32x
Days Sales Outstanding (DSO)	241.8	277.5
Payables Turnover	78.69x	46.94x
Days Payable Outstanding (DPO)	4.6	7.8
Cash Conversion Cycle	237.1 days	269.8 days
Asset Turnover	1.41x	1.15x
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