Ratio	2020	2021	2023	2024
Margins
Gross Margin	22.3%	19.1%	20.4%	21.9%
EBITDA Margin	-32.8%	-3.3%	0.1%	-0.8%
EBITDAR	-40	80	236	175
EBITDAR Margin	-11.0%	1.2%	2.9%	2.6%
EBIT Margin	-32.8%	-3.3%	-0.4%	-1.6%
Net Profit Margin	-32.8%	-3.3%	-0.5%	-1.6%
Operating Expense % of Sales	55.1%	22.4%	20.3%	22.8%
Returns
Return on Assets (ROA)	-9.3%	-9.3%	-2.1%	-5.8%
Return on Equity (ROE)	N/A	N/A	N/A	N/A
ROIC [EBIT / Invested Capital]	N/A	N/A	N/A	N/A
Leverage & liquidity
Debt-to-Assets	2.2%	0.1%	0.0%	0.0%
Debt-to-Equity	-0.23x	-0.01x	-0.00x	-0.00x
Debt-to-EBITDA	N/A	N/A	0.00x	N/A
Equity-to-Assets	-9.3%	-14.5%	-38.8%	-47.4%
Net Debt	-55	-62	-67	-46
Cash & Equivalents	83	65	67	46
Total Debt	28	3	N/A	N/A
Efficiency & working capital
Inventory Turnover	0.37x	3.40x	N/A	N/A
Days Inventory Outstanding (DIO)	975.7	107.3	N/A	N/A
Receivables Turnover	23.08x	14.66x	30.93x	17.39x
Days Sales Outstanding (DSO)	15.8	24.9	11.8	21.0
Payables Turnover	0.21x	2.01x	2.56x	1.98x
Days Payable Outstanding (DPO)	1714.7	181.9	142.5	184.3
Cash Conversion Cycle	-723.2 days	-49.7 days	-130.7 days	-163.4 days
Asset Turnover	0.28x	2.83x	4.44x	3.72x
Cash flow & dividends
Operating Cash Flow	83	65	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	83	65	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	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