Ratio	2019	2020	2021
Margins
Gross Margin	186.6%	98.0%	100.0%
EBITDA Margin	170.3%	91.3%	55.9%
EBITDAR	3,663	2,677	492
EBITDAR Margin	172.4%	91.3%	55.9%
EBIT Margin	170.3%	91.3%	55.9%
Net Profit Margin	83.7%	91.3%	45.1%
Operating Expense % of Sales	16.3%	6.6%	44.1%
Returns
Return on Assets (ROA)	29.5%	38.1%	4.5%
Return on Equity (ROE)	42.1%	51.0%	11.9%
ROIC [EBIT / Invested Capital]	70.1%	67.1%	23.9%
Leverage & liquidity
Debt-to-Assets	20.2%	14.7%	8.8%
Debt-to-Equity	0.29x	0.20x	0.23x
Debt-to-EBITDA	0.34x	0.39x	1.57x
Equity-to-Assets	70.1%	74.6%	37.9%
Net Debt	932	-1,255	-1,294
Cash & Equivalents	288	2,286	2,068
Total Debt	1,220	1,031	775
Efficiency & working capital
Inventory Turnover	317.02x	N/A	N/A
Days Inventory Outstanding (DIO)	1.2	N/A	N/A
Receivables Turnover	N/A	N/A	N/A
Days Sales Outstanding (DSO)	N/A	N/A	N/A
Payables Turnover	N/A	59.31x	N/A
Days Payable Outstanding (DPO)	N/A	6.2	N/A
Cash Conversion Cycle	1.2 days	-6.2 days	N/A
Asset Turnover	0.35x	0.42x	0.10x
Cash flow & dividends
Operating Cash Flow	-1,269	1,998	N/A
Free Cash Flow (OCF − Capex proxy)	-1,269	1,998	N/A
Cash Conversion (OCF / EBITDA)	-35.1%	74.6%	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

მუნირ მამდუჰ ავად ავად50.0%
აბდულ ჯაბბარ ემ. დიაბ ალქუბაისი50.0%

მუნირ მამდუჰ ავად ავადPartner / Shareholder50.0%აბდულ ჯაბბარ ემ. დიაბ ალქუბაისიPartner / Shareholder50.0%

Key metrics

Revenue & margins

Financial statements

Ownership & group structure

Shareholders

Directors & board