Ratio	2022	2023	2024
Margins
Gross Margin	37.8%	42.6%	48.3%
EBITDA Margin	5.9%	12.6%	7.9%
EBITDAR	276	1,143	1,211
EBITDAR Margin	8.9%	14.2%	10.0%
EBIT Margin	5.1%	11.4%	6.3%
Net Profit Margin	3.8%	11.1%	5.1%
Operating Expense % of Sales	31.9%	30.1%	40.4%
Returns
Return on Assets (ROA)	20.8%	63.5%	31.6%
Return on Equity (ROE)	195.2%	93.6%	56.1%
ROIC [EBIT / Invested Capital]	56.3%	76.4%	52.7%
Leverage & liquidity
Debt-to-Assets	57.6%	20.5%	28.3%
Debt-to-Equity	5.40x	0.30x	0.50x
Debt-to-EBITDA	1.79x	0.28x	0.58x
Equity-to-Assets	10.7%	67.9%	56.3%
Net Debt	224	242	344
Cash & Equivalents	106	45	211
Total Debt	330	288	555
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	58.73x	68.62x	57.37x
Days Sales Outstanding (DSO)	6.2	5.3	6.4
Payables Turnover	12.88x	40.63x	29.10x
Days Payable Outstanding (DPO)	28.3	9.0	12.5
Cash Conversion Cycle	-22.1 days	-3.7 days	-6.2 days
Asset Turnover	5.44x	5.71x	6.15x
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

Shareholders

გიორგი ქუთელია100.0%

გიორგი ქუთელიაPartner / Shareholder100.0%

Directors & board

გიორგი ქუთელიაDirector

Ownership & directors from companyinfo.ge (public corporate registry).