Ratio	2020	2021
Margins
Gross Margin	19.4%	10.2%
EBITDA Margin	5.7%	-3.0%
EBITDAR	120	-132
EBITDAR Margin	5.7%	-3.0%
EBIT Margin	5.7%	-3.0%
Net Profit Margin	24.8%	-12.2%
Operating Expense % of Sales	13.7%	13.3%
Returns
Return on Assets (ROA)	65.2%	-63.9%
Return on Equity (ROE)	100.0%	N/A
ROIC [EBIT / Invested Capital]	27.4%	N/A
Leverage & liquidity
Debt-to-Assets	2.0%	28.5%
Debt-to-Equity	0.03x	-19.76x
Debt-to-EBITDA	0.14x	N/A
Equity-to-Assets	65.2%	-1.4%
Net Debt	-86	4
Cash & Equivalents	102	234
Total Debt	16	239
Efficiency & working capital
Inventory Turnover	19.72x	67.39x
Days Inventory Outstanding (DIO)	18.5	5.4
Receivables Turnover	3.43x	28.49x
Days Sales Outstanding (DSO)	106.4	12.8
Payables Turnover	7.20x	6.70x
Days Payable Outstanding (DPO)	50.7	54.5
Cash Conversion Cycle	74.2 days	-36.3 days
Asset Turnover	2.63x	5.25x
Cash flow & dividends
Operating Cash Flow	1,497	5,184
Free Cash Flow (OCF − Capex proxy)	1,497	5,184
Cash Conversion (OCF / EBITDA)	1243.7%	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