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Ratio	2022	2023	2024
Margins
Gross Margin	13.0%	12.8%	17.1%
EBITDA Margin	3.3%	2.9%	9.2%
EBITDAR	118	135	449
EBITDAR Margin	3.3%	3.2%	9.5%
EBIT Margin	2.7%	2.3%	8.9%
Net Profit Margin	2.5%	2.3%	7.6%
Operating Expense % of Sales	9.7%	9.9%	7.9%
Returns
Return on Assets (ROA)	13.3%	13.2%	45.8%
Return on Equity (ROE)	16.7%	15.3%	56.3%
ROIC [EBIT / Invested Capital]	17.0%	15.6%	67.3%
Leverage & liquidity
Debt-to-Assets	4.4%	0.0%	0.0%
Debt-to-Equity	0.06x	0.00x	0.00x
Debt-to-EBITDA	0.26x	0.00x	0.00x
Equity-to-Assets	79.5%	86.1%	81.4%
Net Debt	15	-8	-7
Cash & Equivalents	16	8	7
Total Debt	30	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	12563.05x	1180.66x	2911.72x
Days Sales Outstanding (DSO)	0.0	0.3	0.1
Payables Turnover	29.01x	37.91x	32.83x
Days Payable Outstanding (DPO)	12.6	9.6	11.1
Cash Conversion Cycle	-12.6 days	-9.3 days	-11.0 days
Asset Turnover	5.22x	5.66x	6.06x
Cash flow & dividends
Operating Cash Flow	98	-7	369
Free Cash Flow (OCF − Capex proxy)	98	-7	369
Cash Conversion (OCF / EBITDA)	83.5%	-6.0%	84.8%
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