შპს არსი

Ratio	2019	2020	2022	2023
Margins
Gross Margin	39.7%	29.1%	61.8%	62.0%
EBITDA Margin	41.6%	27.1%	50.1%	51.9%
EBITDAR	857	561	1,419	716
EBITDAR Margin	41.6%	27.1%	50.1%	51.9%
EBIT Margin	41.6%	27.1%	50.1%	51.9%
Net Profit Margin	40.9%	26.0%	49.2%	44.6%
Operating Expense % of Sales	1.8%	2.1%	11.7%	10.1%
Returns
Return on Assets (ROA)	44.6%	22.7%	36.6%	12.8%
Return on Equity (ROE)	58.0%	27.0%	43.0%	16.0%
ROIC [EBIT / Invested Capital]	59.4%	27.1%	44.2%	18.6%
Leverage & liquidity
Debt-to-Assets	0.0%	9.5%	0.0%	0.0%
Debt-to-Equity	0.00x	0.11x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.40x	0.00x	0.00x
Equity-to-Assets	76.8%	84.0%	85.1%	80.3%
Net Debt	-14	74	-29	-8
Cash & Equivalents	14	151	29	8
Total Debt	N/A	225	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	29.40x	26.70x	3.96x	1.75x
Days Sales Outstanding (DSO)	12.4	13.7	92.2	208.4
Payables Turnover	81.33x	18.86x	3.21x	1.80x
Days Payable Outstanding (DPO)	4.5	19.3	113.7	203.2
Cash Conversion Cycle	7.9 days	-5.7 days	-21.5 days	5.1 days
Asset Turnover	1.09x	0.87x	0.74x	0.29x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A
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