Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	17.6%	15.3%	16.2%	15.0%	15.8%	16.3%	21.0%
EBITDA Margin	13.5%	8.8%	13.3%	15.4%	13.3%	12.3%	16.7%
EBITDAR	444	283	461	674	837	944	1,139
EBITDAR Margin	14.3%	9.7%	14.0%	15.8%	13.6%	12.3%	16.7%
EBIT Margin	13.2%	8.8%	13.3%	15.4%	13.3%	12.3%	16.7%
Net Profit Margin	11.0%	7.4%	11.3%	15.4%	13.2%	12.1%	16.5%
Operating Expense % of Sales	4.1%	6.6%	2.9%	0.4%	2.5%	4.0%	4.3%
Returns
Return on Assets (ROA)	14.2%	8.6%	11.3%	22.1%	23.9%	22.2%	22.7%
Return on Equity (ROE)	29.3%	18.2%	23.9%	32.2%	28.5%	25.2%	23.9%
ROIC [EBIT / Invested Capital]	27.5%	20.0%	28.1%	33.4%	31.2%	27.0%	24.6%
Leverage & debt balances
Debt-to-Assets	23.6%	17.3%	6.1%	1.0%	0.0%	0.0%	0.3%
Debt-to-Equity	0.49x	0.37x	0.13x	0.01x	0.00x	0.00x	0.00x
Debt-to-EBITDA	1.36x	1.70x	0.46x	0.05x	0.00x	0.00x	0.01x
Equity-to-Assets	48.6%	47.4%	47.4%	68.8%	84.1%	88.0%	95.2%
Net Debt	329	88	-8	-78	-221	-177	-66
Cash & Equivalents	239	346	207	108	221	177	81
Total Debt	568	434	200	30	N/A	N/A	15
Liquidity & working capital
Current Ratio	5.05x	3.78x	2.14x	0.96x	2.56x	2.72x	20.89x
Quick Ratio	5.05x	2.83x	1.53x	0.39x	2.56x	2.72x	20.89x
Cash Ratio	0.36x	0.39x	0.14x	0.09x	0.41x	0.35x	0.34x
Total Current Assets	3,391	3,336	3,285	1,166	1,379	1,364	4,925
Total Current Liabilities	672	882	1,532	1,218	539	501	236
Inventory	N/A	841	943	695	N/A	N/A	N/A
Trade Receivables	1,171	1,308	1,118	362	480	510	474
Trade Payables	548	698	1,318	879	509	464	165
Net Working Capital	2,719	2,453	1,753	-53	840	862	4,689
Net Working Capital % of Revenue	87.3%	84.3%	53.3%	-1.2%	13.6%	11.2%	68.9%
Trade Working Capital	623	1,451	743	178	-29	46	309
Trade Working Capital % of Revenue	20.0%	49.9%	22.6%	4.2%	-0.5%	0.6%	4.5%
Change in Trade Working Capital	N/A	828	-708	-565	-207	75	263
Turnover & efficiency
Inventory Turnover	N/A	2.93x	2.92x	5.20x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	124.7	125.1	70.2	N/A	N/A	N/A
Receivables Turnover	2.66x	2.22x	2.94x	11.75x	12.85x	15.05x	14.34x
Days Sales Outstanding (DSO)	137.3	164.1	124.2	31.1	28.4	24.2	25.4
Payables Turnover	4.68x	3.53x	2.09x	4.11x	10.22x	13.86x	32.57x
Days Payable Outstanding (DPO)	77.9	103.4	174.8	88.7	35.7	26.3	11.2
Cash Conversion Cycle	59.3 days	185.3 days	74.5 days	12.5 days	-7.3 days	-2.1 days	14.2 days
Asset Turnover	1.29x	1.16x	1.00x	1.43x	1.82x	1.84x	1.38x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A	N/A	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

Shareholders

შამისტან ასანყული ოღლი100.0%

შამისტან ასანყული ოღლიPartner / Shareholder100.0%

Directors & board

შამისტან ასანყული ოღლიDirector

Ownership & directors from companyinfo.ge (public corporate registry).