Ratio	2020	2021
Margins
Gross Margin	26.0%	10.3%
EBITDA Margin	16.4%	-3.0%
EBITDAR	438	-77
EBITDAR Margin	16.4%	-2.4%
EBIT Margin	16.3%	-3.2%
Net Profit Margin	15.4%	-5.1%
Operating Expense % of Sales	9.6%	13.4%
Returns
Return on Assets (ROA)	161.4%	-211.0%
Return on Equity (ROE)	715.0%	N/A
ROIC [EBIT / Invested Capital]	190.0%	N/A
Leverage & liquidity
Debt-to-Assets	67.7%	0.0%
Debt-to-Equity	3.00x	-0.00x
Debt-to-EBITDA	0.39x	N/A
Equity-to-Assets	22.6%	-137.8%
Net Debt	171	-11
Cash & Equivalents	1	11
Total Debt	172	N/A
Efficiency & working capital
Inventory Turnover	24.54x	205.15x
Days Inventory Outstanding (DIO)	14.9	1.8
Receivables Turnover	28.56x	99.87x
Days Sales Outstanding (DSO)	12.8	3.7
Payables Turnover	79.51x	52.24x
Days Payable Outstanding (DPO)	4.6	7.0
Cash Conversion Cycle	23.1 days	-1.6 days
Asset Turnover	10.49x	41.43x
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