Ratio	2023	2024
Margins
Gross Margin	22.9%	17.5%
EBITDA Margin	11.6%	10.9%
EBITDAR	648	838
EBITDAR Margin	11.9%	10.9%
EBIT Margin	11.4%	10.4%
Net Profit Margin	6.5%	10.1%
Operating Expense % of Sales	11.3%	6.6%
Returns
Return on Assets (ROA)	26.3%	65.5%
Return on Equity (ROE)	96.5%	74.9%
ROIC [EBIT / Invested Capital]	80.4%	84.2%
Leverage & liquidity
Debt-to-Assets	60.7%	0.0%
Debt-to-Equity	2.23x	0.00x
Debt-to-EBITDA	1.30x	0.00x
Equity-to-Assets	27.2%	87.4%
Net Debt	405	-87
Cash & Equivalents	410	87
Total Debt	815	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	466.48x	149.96x
Days Sales Outstanding (DSO)	0.8	2.4
Payables Turnover	201.37x	251.64x
Days Payable Outstanding (DPO)	1.8	1.5
Cash Conversion Cycle	-1.0 days	1.0 days
Asset Turnover	4.04x	6.48x
Cash flow & dividends
Operating Cash Flow	328	1,007
Free Cash Flow (OCF − Capex proxy)	-355	650
Cash Conversion (OCF / EBITDA)	52.1%	120.9%
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