Ratio	2023	2024
Margins
Gross Margin	50.1%	47.2%
EBITDA Margin	34.3%	22.7%
EBITDAR	1,286	1,491
EBITDAR Margin	34.3%	26.8%
EBIT Margin	34.1%	22.5%
Net Profit Margin	31.9%	17.3%
Operating Expense % of Sales	15.8%	24.5%
Returns
Return on Assets (ROA)	98.5%	26.8%
Return on Equity (ROE)	100.0%	44.6%
ROIC [EBIT / Invested Capital]	128.3%	36.4%
Leverage & liquidity
Debt-to-Assets	0.0%	37.7%
Debt-to-Equity	0.00x	0.63x
Debt-to-EBITDA	0.00x	1.07x
Equity-to-Assets	98.5%	60.1%
Net Debt	-202	1,277
Cash & Equivalents	202	79
Total Debt	N/A	1,356
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	N/A	1880.67x
Days Sales Outstanding (DSO)	N/A	0.2
Payables Turnover	N/A	81.84x
Days Payable Outstanding (DPO)	N/A	4.5
Cash Conversion Cycle	N/A	-4.3 days
Asset Turnover	3.08x	1.55x
Cash flow & dividends
Operating Cash Flow	5,991	10,240
Free Cash Flow (OCF − Capex proxy)	202	-123
Cash Conversion (OCF / EBITDA)	465.7%	809.8%
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