შპს თოფიჩი +

Ratio	2020	2021	2022	2023	2024
Margins
Gross Margin	9.0%	8.9%	8.6%	4.8%	7.4%
EBITDA Margin	4.1%	3.7%	2.9%	-4.2%	-2.6%
EBITDAR	476	547	546	-209	4
EBITDAR Margin	5.5%	5.0%	4.2%	-1.9%	0.0%
EBIT Margin	4.1%	3.7%	2.9%	-4.3%	-2.8%
Net Profit Margin	4.2%	3.8%	2.7%	-5.0%	-3.0%
Operating Expense % of Sales	4.9%	5.2%	5.7%	9.0%	10.1%
Returns
Return on Assets (ROA)	43.5%	39.1%	16.3%	-21.8%	-17.9%
Return on Equity (ROE)	50.7%	55.2%	31.9%	-169.1%	N/A
ROIC [EBIT / Invested Capital]	54.7%	106.4%	69.0%	N/A	N/A
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	25.4%	14.9%	5.2%
Debt-to-Equity	0.00x	0.00x	0.50x	1.15x	-1.05x
Debt-to-EBITDA	0.00x	0.00x	1.44x	N/A	N/A
Equity-to-Assets	85.7%	70.9%	51.0%	12.9%	-4.9%
Net Debt	-67	-376	-557	-1,137	-1,109
Cash & Equivalents	67	376	1,107	1,503	1,227
Total Debt	N/A	N/A	550	366	117
Efficiency & working capital
Inventory Turnover	10.83x	15.10x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	33.7	24.2	N/A	N/A	N/A
Receivables Turnover	300.22x	859.70x	1930.58x	1193.86x	255.08x
Days Sales Outstanding (DSO)	1.2	0.4	0.2	0.3	1.4
Payables Turnover	66.26x	34.30x	29.87x	6.08x	5.85x
Days Payable Outstanding (DPO)	5.5	10.6	12.2	60.0	62.4
Cash Conversion Cycle	29.4 days	14.0 days	-12.0 days	-59.7 days	-61.0 days
Asset Turnover	10.41x	10.25x	6.00x	4.39x	6.01x
Cash flow & dividends
Operating Cash Flow	64	684	N/A	900	68
Free Cash Flow (OCF − Capex proxy)	266	309	N/A	865	-3
Cash Conversion (OCF / EBITDA)	18.2%	168.1%	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	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