Ratio	2018	2019
Margins
Gross Margin	43.1%	47.5%
EBITDA Margin	40.5%	42.9%
EBITDAR	1,100	750
EBITDAR Margin	40.5%	42.9%
EBIT Margin	40.3%	42.8%
Net Profit Margin	39.4%	39.2%
Operating Expense % of Sales	2.6%	4.6%
Returns
Return on Assets (ROA)	27.9%	23.9%
Return on Equity (ROE)	68.6%	47.7%
ROIC [EBIT / Invested Capital]	78.2%	62.5%
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	40.6%	50.1%
Net Debt	-162	-240
Cash & Equivalents	162	240
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	16.98x	5.01x
Days Sales Outstanding (DSO)	21.5	72.9
Payables Turnover	0.82x	0.67x
Days Payable Outstanding (DPO)	445.9	547.6
Cash Conversion Cycle	-424.4 days	-474.7 days
Asset Turnover	0.71x	0.61x
Cash flow & dividends
Operating Cash Flow	-26	78
Free Cash Flow (OCF − Capex proxy)	-26	78
Cash Conversion (OCF / EBITDA)	-2.3%	10.3%
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