Ratio	2018	2019
Margins
Gross Margin	99.9%	41.1%
EBITDA Margin	95.1%	26.9%
EBITDAR	4,983	2,609
EBITDAR Margin	95.1%	26.9%
EBIT Margin	95.1%	26.8%
Net Profit Margin	84.0%	18.1%
Operating Expense % of Sales	4.9%	14.3%
Returns
Return on Assets (ROA)	254.3%	49.8%
Return on Equity (ROE)	N/A	N/A
ROIC [EBIT / Invested Capital]	542.8%	325.4%
Leverage & liquidity
Debt-to-Assets	93.2%	36.2%
Debt-to-Equity	-156.91x	-5.73x
Debt-to-EBITDA	0.32x	0.49x
Equity-to-Assets	-0.6%	-6.3%
Net Debt	928	1,022
Cash & Equivalents	686	252
Total Debt	1,614	1,274
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	1416.64x	10.66x
Days Sales Outstanding (DSO)	0.3	34.2
Payables Turnover	3.00x	2.40x
Days Payable Outstanding (DPO)	121.6	151.8
Cash Conversion Cycle	-121.3 days	-117.6 days
Asset Turnover	3.03x	2.76x
Cash flow & dividends
Operating Cash Flow	3,503	3,101
Free Cash Flow (OCF − Capex proxy)	3,499	2,484
Cash Conversion (OCF / EBITDA)	70.3%	118.9%
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