Ratio	2022	2023
Margins
Gross Margin	3.4%	7.8%
EBITDA Margin	0.1%	-0.1%
EBITDAR	16	35
EBITDAR Margin	0.2%	1.2%
EBIT Margin	0.1%	-0.2%
Net Profit Margin	-1.2%	-4.3%
Operating Expense % of Sales	3.3%	7.8%
Returns
Return on Assets (ROA)	-9.9%	-14.4%
Return on Equity (ROE)	N/A	N/A
ROIC [EBIT / Invested Capital]	0.9%	-1.9%
Leverage & liquidity
Debt-to-Assets	92.7%	110.1%
Debt-to-Equity	-9.39x	-4.21x
Debt-to-EBITDA	113.47x	N/A
Equity-to-Assets	-9.9%	-26.2%
Net Debt	937	582
Cash & Equivalents	70	422
Total Debt	1,008	1,003
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	19.42x	6.77x
Days Sales Outstanding (DSO)	18.8	53.9
Payables Turnover	44.88x	502.06x
Days Payable Outstanding (DPO)	8.1	0.7
Cash Conversion Cycle	10.7 days	53.2 days
Asset Turnover	7.99x	3.31x
Cash flow & dividends
Operating Cash Flow	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	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