Ratio	2022	2023	2024
Margins
Gross Margin	93.0%	100.0%	100.0%
EBITDA Margin	34.9%	37.6%	38.3%
EBITDAR	1,711	1,991	2,218
EBITDAR Margin	38.3%	40.9%	40.9%
EBIT Margin	34.6%	37.3%	37.8%
Net Profit Margin	34.6%	32.1%	32.1%
Operating Expense % of Sales	58.1%	62.4%	61.7%
Returns
Return on Assets (ROA)	127.1%	120.4%	137.8%
Return on Equity (ROE)	183.4%	159.3%	177.1%
ROIC [EBIT / Invested Capital]	1071.8%	472.7%	364.2%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x
Equity-to-Assets	69.3%	75.6%	77.8%
Net Debt	-698	-597	-421
Cash & Equivalents	698	597	421
Total Debt	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	12.45x	11.99x	10.10x
Days Sales Outstanding (DSO)	29.3	30.4	36.1
Payables Turnover	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A
Cash Conversion Cycle	29.3 days	30.4 days	36.1 days
Asset Turnover	3.68x	3.75x	4.29x
Cash flow & dividends
Operating Cash Flow	5,391	5,891	6,361
Free Cash Flow (OCF − Capex proxy)	5,391	5,891	6,361
Cash Conversion (OCF / EBITDA)	345.4%	322.2%	306.7%
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