Ratio	2018	2019
Margins
Gross Margin	47.9%	51.0%
EBITDA Margin	33.9%	22.1%
EBITDAR	561	125
EBITDAR Margin	33.9%	22.1%
EBIT Margin	33.3%	21.1%
Net Profit Margin	33.9%	16.1%
Operating Expense % of Sales	14.0%	28.9%
Returns
Return on Assets (ROA)	26.8%	4.6%
Return on Equity (ROE)	47.4%	7.3%
ROIC [EBIT / Invested Capital]	40.6%	8.4%
Leverage & liquidity
Debt-to-Assets	14.7%	13.1%
Debt-to-Equity	0.26x	0.21x
Debt-to-EBITDA	0.55x	2.07x
Equity-to-Assets	56.4%	63.2%
Net Debt	172	162
Cash & Equivalents	136	96
Total Debt	308	258
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	N/A	N/A
Days Sales Outstanding (DSO)	N/A	N/A
Payables Turnover	180.84x	80.18x
Days Payable Outstanding (DPO)	2.0	4.6
Cash Conversion Cycle	-2.0 days	-4.6 days
Asset Turnover	0.79x	0.29x
Cash flow & dividends
Operating Cash Flow	748	183
Free Cash Flow (OCF − Capex proxy)	744	183
Cash Conversion (OCF / EBITDA)	133.3%	147.0%
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