შპს ლანი

Ratio	2018	2019	2020	2021	2022	2023
Margins
Gross Margin	11.5%	13.0%	13.2%	14.2%	14.7%	14.9%
EBITDA Margin	1.7%	1.5%	-1.9%	0.1%	2.8%	2.1%
EBITDAR	100	69	-97	7	129	78
EBITDAR Margin	1.7%	1.5%	-1.9%	0.1%	2.8%	2.1%
EBIT Margin	1.1%	1.2%	-2.2%	-0.3%	2.3%	1.5%
Net Profit Margin	0.5%	-0.0%	-1.9%	0.1%	1.1%	-0.2%
Operating Expense % of Sales	9.9%	11.5%	15.1%	14.0%	11.9%	12.9%
Returns
Return on Assets (ROA)	3.3%	-0.1%	-12.4%	1.0%	5.7%	-1.0%
Return on Equity (ROE)	988.9%	-44.1%	N/A	N/A	N/A	N/A
ROIC [EBIT / Invested Capital]	17.9%	8.3%	-29.3%	-3.7%	94.9%	50.7%
Leverage & liquidity
Debt-to-Assets	45.9%	83.2%	64.2%	77.9%	50.4%	54.7%
Debt-to-Equity	136.60x	356.80x	-5.29x	-6.28x	-11.11x	-9.27x
Debt-to-EBITDA	4.29x	11.30x	N/A	74.40x	3.31x	5.52x
Equity-to-Assets	0.3%	0.2%	-12.1%	-12.4%	-4.5%	-5.9%
Net Debt	354	658	474	520	150	158
Cash & Equivalents	76	121	28	28	278	274
Total Debt	430	780	501	548	428	432
Liquidity & working capital
Current Ratio	0.92x	3.01x	1.07x	1.20x	1.11x	1.22x
Quick Ratio	0.92x	1.21x	0.55x	0.32x	1.11x	1.22x
Cash Ratio	0.18x	0.84x	0.09x	0.12x	0.62x	0.68x
Total Current Assets	381	435	345	276	502	492
Total Current Liabilities	415	144	322	230	451	404
Inventory	N/A	260	167	203	N/A	N/A
Trade Receivables	391	313	335	199	212	217
Trade Payables	415	144	322	230	451	404
Net Working Capital	-34	291	23	46	51	89
Net Working Capital % of Revenue	-0.6%	6.4%	0.5%	0.9%	1.1%	2.3%
Trade Working Capital	-23	428	181	171	-239	-187
Trade Working Capital % of Revenue	-0.4%	9.4%	3.6%	3.4%	-5.2%	-4.9%
Change in Trade Working Capital	N/A	451	-248	-9	-411	53
Turnover & efficiency
Inventory Turnover	N/A	15.31x	26.22x	21.22x	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	23.8	13.9	17.2	N/A	N/A
Receivables Turnover	15.17x	14.61x	15.06x	25.24x	21.70x	17.48x
Days Sales Outstanding (DSO)	24.1	25.0	24.2	14.5	16.8	20.9
Payables Turnover	12.67x	27.55x	13.62x	18.71x	8.69x	8.00x
Days Payable Outstanding (DPO)	28.8	13.2	26.8	19.5	42.0	45.6
Cash Conversion Cycle	-4.7 days	35.6 days	11.4 days	12.1 days	-25.2 days	-24.7 days
Asset Turnover	6.34x	4.88x	6.47x	7.12x	5.42x	4.81x
Cash flow & dividends
Operating Cash Flow	-602	-304	-279	-47	130	-4
Free Cash Flow (OCF − Capex proxy)	-602	-304	-279	-47	130	-4
Cash Conversion (OCF / EBITDA)	-601.2%	-440.9%	N/A	-632.6%	100.7%	-5.0%
Dividends Declared	N/A	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	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