შპს მადაგასკარი

Ratio	2022	2023	2024
Margins
Gross Margin	18.1%	22.8%	21.2%
EBITDA Margin	0.2%	6.2%	8.6%
EBITDAR	201	343	453
EBITDAR Margin	7.5%	12.8%	13.0%
EBIT Margin	-0.3%	5.8%	8.3%
Net Profit Margin	7.2%	6.7%	4.8%
Operating Expense % of Sales	17.8%	16.6%	12.6%
Returns
Return on Assets (ROA)	7.3%	5.7%	3.7%
Return on Equity (ROE)	16.5%	8.9%	6.7%
ROIC [EBIT / Invested Capital]	-0.3%	5.2%	7.1%
Leverage & liquidity
Debt-to-Assets	50.1%	31.0%	35.9%
Debt-to-Equity	1.13x	0.49x	0.65x
Debt-to-EBITDA	223.28x	5.91x	5.35x
Equity-to-Assets	44.3%	63.8%	55.7%
Net Debt	1,177	943	1,580
Cash & Equivalents	135	43	28
Total Debt	1,313	986	1,607
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	2.95x	2.17x	1.59x
Days Sales Outstanding (DSO)	123.7	168.5	230.2
Payables Turnover	14.93x	12.41x	7.30x
Days Payable Outstanding (DPO)	24.5	29.4	50.0
Cash Conversion Cycle	99.2 days	139.1 days	180.2 days
Asset Turnover	1.02x	0.84x	0.78x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A
Dividend Payout Ratio	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