შპს კახი

Ratio	2017	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	33.5%	23.2%	22.6%	23.1%	51.6%	30.4%	27.7%	31.6%
EBITDA Margin	21.9%	14.3%	13.1%	1.9%	11.2%	14.3%	2.5%	4.8%
EBITDAR	508	359	487	122	645	916	271	431
EBITDAR Margin	21.9%	14.3%	15.8%	4.4%	13.0%	16.5%	3.8%	7.0%
EBIT Margin	21.9%	14.3%	12.8%	1.6%	10.9%	14.2%	2.4%	4.6%
Net Profit Margin	21.2%	3.5%	11.8%	-1.6%	11.2%	13.7%	2.0%	3.6%
Operating Expense % of Sales	11.6%	8.9%	9.5%	21.1%	40.4%	16.1%	25.2%	26.8%
Returns
Return on Assets (ROA)	38.7%	6.8%	28.4%	-3.3%	23.5%	32.6%	6.2%	5.7%
Return on Equity (ROE)	56.1%	10.4%	40.0%	-5.0%	29.1%	39.8%	7.1%	9.6%
ROIC [EBIT / Invested Capital]	82.0%	57.4%	39.5%	4.0%	27.2%	40.0%	8.8%	9.4%
Leverage & liquidity
Debt-to-Assets	7.9%	19.5%	24.3%	18.1%	4.5%	4.6%	0.0%	20.5%
Debt-to-Equity	0.11x	0.30x	0.34x	0.28x	0.06x	0.06x	0.00x	0.34x
Debt-to-EBITDA	0.20x	0.71x	0.77x	4.41x	0.19x	0.14x	0.00x	2.69x
Equity-to-Assets	68.9%	64.7%	70.9%	65.7%	80.5%	82.0%	86.8%	59.9%
Net Debt	-257	-215	95	231	94	54	-31	713
Cash & Equivalents	357	469	215	7	13	53	31	77
Total Debt	100	254	311	238	107	107	N/A	790
Efficiency & working capital
Inventory Turnover	N/A	N/A	2.37x	2.10x	1.06x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	153.7	173.9	344.9	N/A	N/A	N/A
Receivables Turnover	768.36x	273.37x	401.85x	40.62x	175.82x	39.89x	126.16x	23.26x
Days Sales Outstanding (DSO)	0.5	1.3	0.9	9.0	2.1	9.1	2.9	15.7
Payables Turnover	16.22x	28.00x	39.09x	27033.18x	10.74x	19.77x	31.70x	6.67x
Days Payable Outstanding (DPO)	22.5	13.0	9.3	0.0	34.0	18.5	11.5	54.7
Cash Conversion Cycle	-22.0 days	-11.7 days	145.3 days	182.8 days	313.0 days	-9.3 days	-8.6 days	-39.0 days
Asset Turnover	1.83x	1.94x	2.42x	2.11x	2.10x	2.38x	3.13x	1.59x
Cash flow & dividends
Operating Cash Flow	189	112	-191	-487	N/A	57	-11	10
Free Cash Flow (OCF − Capex proxy)	189	112	-197	-347	N/A	40	-18	45
Cash Conversion (OCF / EBITDA)	37.3%	31.3%	-47.0%	-900.7%	N/A	7.2%	-5.9%	3.4%
Dividends Declared	N/A	0	144	0	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	0.0%	39.7%	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