Ratio	2023	2024
Margins
Gross Margin	17.9%	23.8%
EBITDA Margin	12.1%	18.8%
EBITDAR	419	2,172
EBITDAR Margin	12.1%	18.8%
EBIT Margin	12.0%	18.7%
Net Profit Margin	9.8%	16.5%
Operating Expense % of Sales	5.9%	5.0%
Returns
Return on Assets (ROA)	19.6%	80.0%
Return on Equity (ROE)	90.3%	83.4%
ROIC [EBIT / Invested Capital]	1225.5%	94.5%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x
Equity-to-Assets	21.7%	95.8%
Net Debt	-343	-0
Cash & Equivalents	343	0
Total Debt	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	76.33x	9.47x
Days Sales Outstanding (DSO)	4.8	38.5
Payables Turnover	3.09x	96.33x
Days Payable Outstanding (DPO)	118.1	3.8
Cash Conversion Cycle	-113.3 days	34.8 days
Asset Turnover	2.00x	4.85x
Cash flow & dividends
Operating Cash Flow	-113	94
Free Cash Flow (OCF − Capex proxy)	-113	94
Cash Conversion (OCF / EBITDA)	-27.1%	4.3%
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