Ratio	2022	2023	2024
Margins
Gross Margin	21.1%	-2.0%	20.5%
EBITDA Margin	13.3%	-4.0%	14.0%
EBITDAR	1,234	-190	593
EBITDAR Margin	13.4%	-3.6%	14.6%
EBIT Margin	13.0%	-4.7%	12.9%
Net Profit Margin	10.9%	-6.6%	12.0%
Operating Expense % of Sales	7.8%	2.0%	6.5%
Returns
Return on Assets (ROA)	21.5%	-8.3%	12.1%
Return on Equity (ROE)	29.6%	-11.3%	13.8%
ROIC [EBIT / Invested Capital]	27.6%	-6.0%	12.9%
Leverage & liquidity
Debt-to-Assets	20.6%	25.9%	12.6%
Debt-to-Equity	0.28x	0.35x	0.14x
Debt-to-EBITDA	0.78x	N/A	0.90x
Equity-to-Assets	72.4%	73.6%	87.3%
Net Debt	963	1,059	511
Cash & Equivalents	3	18	1
Total Debt	966	1,077	512
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	3.42x	1.97x	1.34x
Days Sales Outstanding (DSO)	106.7	185.7	272.2
Payables Turnover	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A
Cash Conversion Cycle	106.7 days	185.7 days	272.2 days
Asset Turnover	1.97x	1.25x	1.00x
Cash flow & dividends
Operating Cash Flow	-965	376	193
Free Cash Flow (OCF − Capex proxy)	-1,189	348	210
Cash Conversion (OCF / EBITDA)	-78.4%	N/A	33.9%
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