Ratio	2022	2023	2024
Margins
Gross Margin	30.7%	32.0%	33.4%
EBITDA Margin	19.8%	13.5%	14.3%
EBITDAR	445	389	483
EBITDAR Margin	19.8%	13.5%	14.3%
EBIT Margin	19.6%	13.3%	13.9%
Net Profit Margin	14.3%	13.3%	14.8%
Operating Expense % of Sales	10.9%	18.5%	19.1%
Returns
Return on Assets (ROA)	28.0%	15.9%	18.9%
Return on Equity (ROE)	33.1%	28.3%	28.1%
ROIC [EBIT / Invested Capital]	49.2%	25.4%	21.9%
Leverage & liquidity
Debt-to-Assets	0.0%	27.1%	21.0%
Debt-to-Equity	0.00x	0.48x	0.31x
Debt-to-EBITDA	0.00x	1.68x	1.15x
Equity-to-Assets	84.8%	56.1%	67.3%
Net Debt	-78	152	370
Cash & Equivalents	78	500	188
Total Debt	N/A	652	557
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	129.97x	250.88x	68.66x
Days Sales Outstanding (DSO)	2.8	1.5	5.3
Payables Turnover	11.81x	5.41x	7.90x
Days Payable Outstanding (DPO)	30.9	67.4	46.2
Cash Conversion Cycle	-28.1 days	-66.0 days	-40.9 days
Asset Turnover	1.96x	1.19x	1.28x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A
Dividend Payout Ratio	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

Shareholders

გიორგი ბროლაძე100.0%

გიორგი ბროლაძეPartner / Shareholder100.0%

Directors & board

გიორგი ბროლაძეDirector

Ownership & directors from companyinfo.ge (public corporate registry).