Ratio	2023	2024
Margins
Gross Margin	21.8%	19.8%
EBITDA Margin	6.7%	4.5%
EBITDAR	706	938
EBITDAR Margin	11.1%	8.8%
EBIT Margin	5.5%	3.2%
Net Profit Margin	3.7%	1.1%
Operating Expense % of Sales	15.1%	15.2%
Returns
Return on Assets (ROA)	8.9%	4.0%
Return on Equity (ROE)	252.9%	66.7%
ROIC [EBIT / Invested Capital]	21.2%	24.0%
Leverage & liquidity
Debt-to-Assets	64.3%	50.8%
Debt-to-Equity	18.24x	8.57x
Debt-to-EBITDA	3.92x	3.22x
Equity-to-Assets	3.5%	5.9%
Net Debt	1,561	1,249
Cash & Equivalents	118	309
Total Debt	1,679	1,557
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	76.43x	98.53x
Days Sales Outstanding (DSO)	4.8	3.7
Payables Turnover	6.41x	6.99x
Days Payable Outstanding (DPO)	57.0	52.2
Cash Conversion Cycle	-52.2 days	-48.5 days
Asset Turnover	2.43x	3.48x
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