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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
SOCAR Georgia Petroleum LLC is the wholesale petroleum-products arm of SOCAR Energy Georgia, supplying gasoline, diesel and jet fuel into Georgia. Runs the country's largest fuel-retail network (~119 stations under the SOCAR / OPTIMA brands).
Subsidiary of SOCAR Energy Georgia (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 10.6% | 9.5% | 10.0% | 8.7% | 7.9% | 10.3% | 10.2% | 14.2% |
| EBITDA Margin | 1.9% | 0.7% | 1.7% | -0.6% | 1.4% | 2.5% | -1.0% | 2.6% |
| EBITDAR | 24,241 | 10,123 | 13,469 | -1,304 | 16,351 | 21,667 | -3,829 | 17,467 |
| EBITDAR Margin | 4.1% | 1.5% | 2.0% | -0.2% | 1.7% | 2.8% | -0.6% | 2.8% |
| EBIT Margin | -1.3% | -1.1% | -1.1% | -10.3% | 3.4% | -0.6% | -5.2% | -0.9% |
| Net Profit Margin | -5.8% | -6.9% | -13.0% | -24.2% | 2.2% | 6.9% | -7.2% | -0.3% |
| Operating Expense % of Sales | 8.7% | 8.7% | 8.3% | 9.2% | 6.5% | 7.8% | 11.1% | 11.7% |
| Returns | ||||||||
| Return on Assets (ROA) | -10.6% | -12.3% | -25.2% | -49.9% | 6.2% | 15.5% | -15.0% | -0.7% |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | -5.9% | -4.2% | -3.3% | -34.0% | 14.3% | -1.9% | -14.3% | -2.5% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 96.6% | 107.2% | 155.0% | 132.9% | 118.2% | 108.4% | 132.1% | 148.8% |
| Debt-to-Equity | -1.80x | -1.81x | -1.75x | -1.93x | -2.35x | -3.19x | -2.45x | -2.47x |
| Debt-to-EBITDA | 27.91x | 82.73x | 46.92x | N/A | 30.13x | 19.00x | N/A | 23.50x |
| Equity-to-Assets | -53.7% | -59.2% | -88.7% | -69.0% | -50.3% | -34.0% | -53.8% | -60.1% |
| Net Debt | 304,741 | 392,599 | 526,866 | 383,382 | 401,804 | 364,402 | 372,109 | 374,411 |
| Cash & Equivalents | 5,512 | 3,421 | 7,047 | 3,828 | 5,675 | 3,589 | 7,383 | 1,895 |
| Total Debt | 310,253 | 396,020 | 533,913 | 387,210 | 407,479 | 367,991 | 379,492 | 376,306 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.27x | 0.28x | 0.13x | 0.21x | 0.30x | 0.47x | 0.44x | 0.35x |
| Quick Ratio | 0.13x | 0.14x | 0.06x | 0.10x | 0.13x | 0.10x | 0.15x | 0.15x |
| Cash Ratio | 0.02x | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.04x | 0.01x |
| Total Current Assets | 77,104 | 82,706 | 80,118 | 81,946 | 108,347 | 111,592 | 81,319 | 59,058 |
| Total Current Liabilities | 283,414 | 298,324 | 623,967 | 387,749 | 366,202 | 238,426 | 186,439 | 169,566 |
| Inventory | 39,746 | 41,003 | 41,882 | 42,518 | 61,614 | 86,902 | 53,436 | 33,955 |
| Trade Receivables | 26,814 | 32,871 | 25,356 | 26,190 | 30,153 | 12,173 | 11,290 | 16,859 |
| Trade Payables | 142,996 | 140,943 | 96,267 | 92,022 | 91,405 | 74,279 | 50,427 | 19,616 |
| Net Working Capital | -206,310 | -215,618 | -543,849 | -305,803 | -257,855 | -126,834 | -105,120 | -110,508 |
| Net Working Capital % of Revenue | -35.0% | -32.9% | -81.4% | -50.9% | -26.5% | -16.6% | -17.6% | -17.8% |
| Trade Working Capital | -76,436 | -67,069 | -29,029 | -23,314 | 362 | 24,796 | 14,299 | 31,198 |
| Trade Working Capital % of Revenue | -13.0% | -10.2% | -4.3% | -3.9% | 0.0% | 3.2% | 2.4% | 5.0% |
| Change in Trade Working Capital | N/A | 9,367 | 38,040 | 5,715 | 23,676 | 24,434 | -10,497 | 16,899 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 13.25x | 14.47x | 14.36x | 12.91x | 14.54x | 7.90x | 10.04x | 15.64x |
| Days Inventory Outstanding (DIO) | 27.5 | 25.2 | 25.4 | 28.3 | 25.1 | 46.2 | 36.3 | 23.3 |
| Receivables Turnover | 21.97x | 19.93x | 26.35x | 22.94x | 32.24x | 62.87x | 52.90x | 36.74x |
| Days Sales Outstanding (DSO) | 16.6 | 18.3 | 13.9 | 15.9 | 11.3 | 5.8 | 6.9 | 9.9 |
| Payables Turnover | 3.68x | 4.21x | 6.25x | 5.96x | 9.80x | 9.24x | 10.64x | 27.08x |
| Days Payable Outstanding (DPO) | 99.1 | 86.7 | 58.4 | 61.2 | 37.2 | 39.5 | 34.3 | 13.5 |
| Cash Conversion Cycle | -54.9 days | -43.2 days | -19.1 days | -17.0 days | -0.8 days | 12.5 days | 8.9 days | 19.8 days |
| Asset Turnover | 1.83x | 1.77x | 1.94x | 2.06x | 2.82x | 2.26x | 2.08x | 2.45x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | -32,391 | 76 | -63,450 | -23,384 | -4,018 | -14,343 | 4,798 | -598 |
| Free Cash Flow (OCF − Capex proxy) | -32,391 | -46,172 | -54,546 | -21,254 | -16,637 | -18,038 | 2,884 | -5,606 |
| Cash Conversion (OCF / EBITDA) | -291.3% | 1.6% | -557.6% | N/A | -29.7% | -74.1% | N/A | -3.7% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | 0.0% | 0.0% | N/A | N/A |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
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.
Ownership & directors from companyinfo.ge (public corporate registry).
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