Ratio	2022	2023	2024
Margins
Gross Margin	6.1%	5.5%	7.5%
EBITDA Margin	1.1%	-1.5%	2.3%
EBITDAR	237	-28	472
EBITDAR Margin	1.7%	-0.2%	3.4%
EBIT Margin	1.0%	-1.5%	2.2%
Net Profit Margin	0.9%	-0.8%	3.1%
Operating Expense % of Sales	5.1%	6.9%	5.2%
Returns
Return on Assets (ROA)	2.0%	-1.6%	7.4%
Return on Equity (ROE)	12.9%	-12.6%	36.3%
ROIC [EBIT / Invested Capital]	18.8%	-26.4%	105.2%
Leverage & liquidity
Debt-to-Assets	8.5%	2.5%	0.0%
Debt-to-Equity	0.56x	0.20x	0.00x
Debt-to-EBITDA	3.82x	N/A	0.00x
Equity-to-Assets	15.2%	12.8%	20.3%
Net Debt	-225	-99	-905
Cash & Equivalents	771	245	905
Total Debt	546	146	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	1228.66x	144.85x	248.87x
Days Sales Outstanding (DSO)	0.3	2.5	1.5
Payables Turnover	2.66x	2.21x	2.76x
Days Payable Outstanding (DPO)	137.1	165.5	132.2
Cash Conversion Cycle	-136.8 days	-162.9 days	-130.7 days
Asset Turnover	2.11x	1.97x	2.37x
Cash flow & dividends
Operating Cash Flow	93	656	528
Free Cash Flow (OCF − Capex proxy)	-100	507	551
Cash Conversion (OCF / EBITDA)	64.8%	N/A	165.4%
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