Ratio	2022	2023
Margins
Gross Margin	78.5%	63.4%
EBITDA Margin	60.0%	53.3%
EBITDAR	1,627	2,805
EBITDAR Margin	60.0%	53.3%
EBIT Margin	27.3%	29.6%
Net Profit Margin	27.3%	29.4%
Operating Expense % of Sales	18.5%	10.1%
Returns
Return on Assets (ROA)	13.3%	23.6%
Return on Equity (ROE)	47.5%	62.9%
ROIC [EBIT / Invested Capital]	45.7%	62.8%
Leverage & liquidity
Debt-to-Assets	1.1%	0.5%
Debt-to-Equity	0.04x	0.01x
Debt-to-EBITDA	0.04x	0.01x
Equity-to-Assets	28.0%	37.5%
Net Debt	60	22
Cash & Equivalents	1	12
Total Debt	61	34
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	3.35x	3.63x
Days Sales Outstanding (DSO)	108.8	100.7
Payables Turnover	0.15x	0.48x
Days Payable Outstanding (DPO)	2409.1	759.6
Cash Conversion Cycle	-2300.3 days	-659.0 days
Asset Turnover	0.49x	0.80x
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