Ratio	2022	2023	2024
Margins
Gross Margin	11.0%	10.7%	13.1%
EBITDA Margin	10.1%	9.1%	11.0%
EBITDAR	269	306	416
EBITDAR Margin	10.3%	9.2%	11.1%
EBIT Margin	10.1%	9.1%	10.9%
Net Profit Margin	10.0%	8.9%	10.8%
Operating Expense % of Sales	0.9%	1.6%	2.1%
Returns
Return on Assets (ROA)	24.2%	21.7%	22.9%
Return on Equity (ROE)	25.6%	22.6%	23.6%
ROIC [EBIT / Invested Capital]	28.4%	26.1%	48.3%
Leverage & liquidity
Debt-to-Assets	3.2%	1.7%	0.6%
Debt-to-Equity	0.03x	0.02x	0.01x
Debt-to-EBITDA	0.13x	0.08x	0.03x
Equity-to-Assets	94.5%	96.2%	97.1%
Net Debt	-88	-162	-873
Cash & Equivalents	122	185	884
Total Debt	34	23	11
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	33.18x	24.53x	31.78x
Days Sales Outstanding (DSO)	11.0	14.9	11.5
Payables Turnover	94.16x	197.49x	203.47x
Days Payable Outstanding (DPO)	3.9	1.8	1.8
Cash Conversion Cycle	7.1 days	13.0 days	9.7 days
Asset Turnover	2.42x	2.43x	2.11x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A
Dividend Payout Ratio	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