Ratio	2022	2023	2024
Margins
Gross Margin	14.3%	16.6%	16.1%
EBITDA Margin	2.9%	6.3%	6.3%
EBITDAR	93	186	187
EBITDAR Margin	3.6%	7.0%	7.0%
EBIT Margin	2.2%	5.7%	5.7%
Net Profit Margin	2.9%	6.3%	6.3%
Operating Expense % of Sales	11.4%	10.3%	9.8%
Returns
Return on Assets (ROA)	16.7%	47.1%	43.2%
Return on Equity (ROE)	28.4%	71.3%	45.4%
ROIC [EBIT / Invested Capital]	13.3%	44.6%	44.1%
Leverage & liquidity
Debt-to-Assets	41.2%	33.0%	1.2%
Debt-to-Equity	0.70x	0.50x	0.01x
Debt-to-EBITDA	2.46x	0.70x	0.03x
Equity-to-Assets	58.8%	66.0%	95.1%
Net Debt	176	101	-26
Cash & Equivalents	10	17	31
Total Debt	186	118	5
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	315.73x	N/A	232.27x
Days Sales Outstanding (DSO)	1.2	N/A	1.6
Payables Turnover	N/A	1829.84x	N/A
Days Payable Outstanding (DPO)	N/A	0.2	N/A
Cash Conversion Cycle	1.2 days	-0.2 days	1.6 days
Asset Turnover	5.78x	7.45x	6.82x
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

Shareholders

ნინო ბეზარაშვილი100.0%

ნინო ბეზარაშვილიPartner / Shareholder100.0%

Directors & board

ნინო ბეზარაშვილიDirector

Ownership & directors from companyinfo.ge (public corporate registry).