Ratio	2023	2024
Margins
Gross Margin	24.8%	29.5%
EBITDA Margin	16.3%	13.2%
EBITDAR	514	764
EBITDAR Margin	20.4%	18.2%
EBIT Margin	16.3%	13.1%
Net Profit Margin	16.3%	13.0%
Operating Expense % of Sales	8.5%	16.4%
Returns
Return on Assets (ROA)	31.7%	23.6%
Return on Equity (ROE)	61.4%	44.8%
ROIC [EBIT / Invested Capital]	47.4%	39.8%
Leverage & liquidity
Debt-to-Assets	31.2%	34.3%
Debt-to-Equity	0.61x	0.65x
Debt-to-EBITDA	0.98x	1.43x
Equity-to-Assets	51.5%	52.7%
Net Debt	199	161
Cash & Equivalents	207	628
Total Debt	406	789
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	9.21x	31.11x
Days Sales Outstanding (DSO)	39.6	11.7
Payables Turnover	8.46x	9.81x
Days Payable Outstanding (DPO)	43.2	37.2
Cash Conversion Cycle	-3.5 days	-25.5 days
Asset Turnover	1.94x	1.82x
Cash flow & dividends
Operating Cash Flow	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A
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