Ratio	2020	2021	2022	2023	2024
Margins
Gross Margin	56.7%	80.5%	81.2%	79.2%	80.0%
EBITDA Margin	40.6%	58.5%	66.8%	66.9%	61.2%
EBITDAR	993	1,944	2,533	3,065	2,965
EBITDAR Margin	42.1%	60.6%	67.7%	70.3%	61.8%
EBIT Margin	36.0%	53.5%	63.9%	63.3%	58.5%
Net Profit Margin	37.7%	53.4%	56.0%	55.6%	49.3%
Operating Expense % of Sales	16.0%	22.0%	14.5%	12.3%	18.8%
Returns
Return on Assets (ROA)	72.9%	114.3%	104.7%	93.8%	86.3%
Return on Equity (ROE)	73.7%	122.4%	111.6%	101.7%	104.4%
ROIC [EBIT / Invested Capital]	122.7%	152.1%	173.5%	180.0%	202.0%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	98.9%	93.4%	93.9%	92.3%	82.7%
Net Debt	-514	-270	-501	-847	-879
Cash & Equivalents	514	270	501	847	879
Total Debt	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	1.54x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	237.7	N/A	N/A	N/A
Receivables Turnover	1455.01x	37.81x	20.39x	8.93x	7.11x
Days Sales Outstanding (DSO)	0.3	9.7	17.9	40.9	51.4
Payables Turnover	77.42x	11.05x	9.69x	6.07x	2.26x
Days Payable Outstanding (DPO)	4.7	33.0	37.7	60.1	161.8
Cash Conversion Cycle	-4.5 days	214.4 days	-19.8 days	-19.2 days	-110.4 days
Asset Turnover	1.93x	2.14x	1.87x	1.69x	1.75x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	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