Ratio	2021	2022	2023	2024
Margins
Gross Margin	24.2%	28.2%	28.1%	18.4%
EBITDA Margin	21.9%	26.6%	26.4%	17.1%
EBITDAR	2,154	5,390	3,218	1,030
EBITDAR Margin	21.9%	26.6%	26.4%	17.3%
EBIT Margin	21.9%	26.6%	26.4%	17.1%
Net Profit Margin	21.1%	23.9%	26.4%	17.1%
Operating Expense % of Sales	2.3%	1.7%	1.7%	1.3%
Returns
Return on Assets (ROA)	65.8%	67.5%	51.4%	15.3%
Return on Equity (ROE)	100.0%	86.9%	64.0%	16.9%
ROIC [EBIT / Invested Capital]	235.0%	252.0%	182.4%	67.6%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	65.8%	77.7%	80.3%	90.8%
Net Debt	-1,160	-3,434	-3,255	-4,528
Cash & Equivalents	1,160	3,434	3,255	4,528
Total Debt	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A
Receivables Turnover	4.93x	6.92x	7.05x	2.93x
Days Sales Outstanding (DSO)	74.1	52.8	51.7	124.4
Payables Turnover	6.99x	9.18x	7.08x	7.93x
Days Payable Outstanding (DPO)	52.2	39.7	51.5	46.1
Cash Conversion Cycle	21.8 days	13.0 days	0.2 days	78.4 days
Asset Turnover	3.12x	2.83x	1.95x	0.90x
Cash flow & dividends
Operating Cash Flow	1,160	43,366	-179	1,273
Free Cash Flow (OCF − Capex proxy)	1,160	43,366	-179	1,273
Cash Conversion (OCF / EBITDA)	53.9%	804.7%	-5.6%	124.8%
Dividends Declared	N/A	N/A	N/A	N/A
Dividend Payout Ratio	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