Ratio	2018	2019	2020
Margins
Gross Margin	7.3%	9.0%	7.1%
EBITDA Margin	4.0%	4.9%	2.4%
EBITDAR	122	290	108
EBITDAR Margin	4.2%	5.1%	2.9%
EBIT Margin	4.0%	4.9%	2.4%
Net Profit Margin	4.0%	4.9%	2.1%
Operating Expense % of Sales	3.3%	4.1%	4.6%
Returns
Return on Assets (ROA)	29.5%	34.7%	12.3%
Return on Equity (ROE)	45.9%	52.8%	14.8%
ROIC [EBIT / Invested Capital]	N/A	1149.0%	N/A
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x
Equity-to-Assets	64.3%	65.7%	83.3%
Net Debt	-277	-503	-571
Cash & Equivalents	277	503	571
Total Debt	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	36.64x	40.29x	91.87x
Days Sales Outstanding (DSO)	10.0	9.1	4.0
Payables Turnover	20.66x	19.62x	32.18x
Days Payable Outstanding (DPO)	17.7	18.6	11.3
Cash Conversion Cycle	-7.7 days	-9.5 days	-7.4 days
Asset Turnover	7.46x	7.15x	5.76x
Cash flow & dividends
Operating Cash Flow	126	226	N/A
Free Cash Flow (OCF − Capex proxy)	126	226	N/A
Cash Conversion (OCF / EBITDA)	109.2%	80.1%	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