Ratio	2019	2020
Margins
Gross Margin	14.2%	12.1%
EBITDA Margin	4.8%	2.7%
EBITDAR	155	38
EBITDAR Margin	4.8%	2.7%
EBIT Margin	4.8%	2.7%
Net Profit Margin	4.8%	2.7%
Operating Expense % of Sales	9.4%	9.4%
Returns
Return on Assets (ROA)	40.2%	15.1%
Return on Equity (ROE)	84.6%	17.2%
ROIC [EBIT / Invested Capital]	252.0%	66.5%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x
Equity-to-Assets	47.6%	87.9%
Net Debt	-122	-164
Cash & Equivalents	122	164
Total Debt	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	N/A	N/A
Days Sales Outstanding (DSO)	N/A	N/A
Payables Turnover	13.76x	42.76x
Days Payable Outstanding (DPO)	26.5	8.5
Cash Conversion Cycle	-26.5 days	-8.5 days
Asset Turnover	8.41x	5.67x
Cash flow & dividends
Operating Cash Flow	115	42
Free Cash Flow (OCF − Capex proxy)	115	42
Cash Conversion (OCF / EBITDA)	74.2%	111.7%
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