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Ratio	2023	2024
Margins
Gross Margin	16.2%	12.3%
EBITDA Margin	12.4%	8.3%
EBITDAR	747	439
EBITDAR Margin	12.4%	8.3%
EBIT Margin	12.0%	8.0%
Net Profit Margin	9.7%	5.6%
Operating Expense % of Sales	3.8%	4.0%
Returns
Return on Assets (ROA)	27.1%	16.9%
Return on Equity (ROE)	109.5%	30.8%
ROIC [EBIT / Invested Capital]	52.5%	32.9%
Leverage & liquidity
Debt-to-Assets	39.1%	31.0%
Debt-to-Equity	1.58x	0.56x
Debt-to-EBITDA	1.13x	1.22x
Equity-to-Assets	24.8%	54.9%
Net Debt	843	323
Cash & Equivalents	1	213
Total Debt	844	537
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	44.65x	808.55x
Days Sales Outstanding (DSO)	8.2	0.5
Payables Turnover	7.21x	26.57x
Days Payable Outstanding (DPO)	50.6	13.7
Cash Conversion Cycle	-42.5 days	-13.3 days
Asset Turnover	2.80x	3.04x
Cash flow & dividends
Operating Cash Flow	1,051	388
Free Cash Flow (OCF − Capex proxy)	1,051	388
Cash Conversion (OCF / EBITDA)	140.7%	88.5%
Dividends Declared	N/A	N/A
Dividend Payout Ratio	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