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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
Gas distribution arm of SOCAR Georgia, a subsidiary of Azerbaijan's state oil company SOCAR, supplying natural gas to residential and commercial customers across Georgia.
Group parent — controls 1 company · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 21.1% | 27.0% | 22.1% | 20.2% | 21.6% | 17.9% | 21.3% | 22.7% |
| EBITDA Margin | 12.3% | 11.8% | 9.4% | 7.1% | -4.1% | -3.1% | 3.7% | 13.1% |
| EBITDAR | 8,622 | 8,471 | 7,583 | 3,655 | -2,008 | -2,250 | 2,634 | 10,421 |
| EBITDAR Margin | 12.3% | 11.8% | 9.4% | 7.1% | -4.1% | -3.1% | 3.7% | 13.1% |
| EBIT Margin | 10.0% | 9.5% | 5.8% | 1.8% | -9.1% | -5.8% | 0.8% | 10.2% |
| Net Profit Margin | 4.2% | -4.5% | 10.8% | 14.1% | 1.7% | 10.8% | 15.7% | 20.8% |
| Operating Expense % of Sales | 8.8% | 15.1% | 12.7% | 13.1% | 25.6% | 21.0% | 17.6% | 9.6% |
| Returns | ||||||||
| Return on Assets (ROA) | 2.9% | -3.1% | 8.0% | 6.8% | 0.8% | 7.2% | 9.3% | 11.5% |
| Return on Equity (ROE) | 3.5% | -4.0% | 9.7% | 7.6% | 0.9% | 7.5% | 9.5% | 12.5% |
| ROIC [EBIT / Invested Capital] | 7.4% | 7.3% | 4.8% | 1.0% | -4.6% | -4.0% | 0.5% | 6.0% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 12.8% | 13.7% | 9.2% | 4.6% | 3.1% | 2.0% | 1.2% | 1.8% |
| Debt-to-Equity | 0.16x | 0.18x | 0.11x | 0.05x | 0.03x | 0.02x | 0.01x | 0.02x |
| Debt-to-EBITDA | 1.52x | 1.68x | 1.31x | 1.35x | N/A | N/A | 0.55x | 0.26x |
| Equity-to-Assets | 81.8% | 77.7% | 82.3% | 90.2% | 93.0% | 95.9% | 97.7% | 91.7% |
| Net Debt | 10,972 | 12,394 | 8,511 | 2,137 | 1,542 | 746 | -1,905 | 2,465 |
| Cash & Equivalents | 2,129 | 1,819 | 1,405 | 2,803 | 1,703 | 1,497 | 3,357 | 207 |
| Total Debt | 13,101 | 14,213 | 9,916 | 4,940 | 3,245 | 2,243 | 1,452 | 2,672 |
| Liquidity & working capital | ||||||||
| Current Ratio | 4.00x | 0.74x | 1.05x | 12.54x | 1.29x | 2.68x | 7.13x | 0.73x |
| Quick Ratio | 4.00x | 0.74x | 1.05x | 12.54x | 1.28x | 2.68x | 7.11x | 0.72x |
| Cash Ratio | 0.11x | 0.10x | 0.09x | 0.42x | 0.35x | 0.50x | 2.15x | 0.02x |
| Total Current Assets | 74,655 | 13,435 | 16,129 | 84,260 | 6,228 | 8,020 | 11,147 | 7,269 |
| Total Current Liabilities | 18,672 | 18,209 | 15,409 | 6,721 | 4,836 | 2,990 | 1,564 | 9,979 |
| Inventory | 8 | 13 | 10 | 12 | 15 | 17 | 25 | 35 |
| Trade Receivables | 66,929 | 11,508 | 13,153 | 6,972 | 3,975 | 5,525 | 6,242 | 6,465 |
| Trade Payables | 3,951 | 7,798 | 8,296 | 4,714 | 3,015 | 231 | 294 | 8,423 |
| Net Working Capital | 55,983 | -4,774 | 720 | 77,539 | 1,392 | 5,030 | 9,583 | -2,710 |
| Net Working Capital % of Revenue | 79.6% | -6.7% | 0.9% | 149.9% | 2.8% | 6.9% | 13.6% | -3.4% |
| Trade Working Capital | 62,986 | 3,723 | 4,867 | 2,270 | 975 | 5,311 | 5,973 | -1,923 |
| Trade Working Capital % of Revenue | 89.6% | 5.2% | 6.0% | 4.4% | 2.0% | 7.3% | 8.5% | -2.4% |
| Change in Trade Working Capital | N/A | -59,263 | 1,144 | -2,597 | -1,295 | 4,336 | 662 | -7,896 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 6935.75x | 4016.46x | 6287.80x | 3442.25x | 2588.53x | 3522.65x | 2220.16x | 1758.69x |
| Days Inventory Outstanding (DIO) | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 |
| Receivables Turnover | 1.05x | 6.21x | 6.13x | 7.42x | 12.45x | 13.20x | 11.30x | 12.32x |
| Days Sales Outstanding (DSO) | 347.5 | 58.7 | 59.5 | 49.2 | 29.3 | 27.7 | 32.3 | 29.6 |
| Payables Turnover | 14.04x | 6.70x | 7.58x | 8.76x | 12.88x | 259.24x | 188.79x | 7.31x |
| Days Payable Outstanding (DPO) | 26.0 | 54.5 | 48.2 | 41.7 | 28.3 | 1.4 | 1.9 | 49.9 |
| Cash Conversion Cycle | 321.5 days | 4.3 days | 11.4 days | 7.6 days | 1.1 days | 26.3 days | 30.5 days | -20.1 days |
| Asset Turnover | 0.69x | 0.69x | 0.75x | 0.48x | 0.47x | 0.67x | 0.59x | 0.55x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 1,878 | 71,991 | 3,209 | 6,868 | 2,415 | 720 | 5,197 | 17,598 |
| Free Cash Flow (OCF − Capex proxy) | 1,878 | 69,411 | 3,331 | 6,815 | 40 | 774 | 2,744 | -2,248 |
| Cash Conversion (OCF / EBITDA) | 21.8% | 849.9% | 42.3% | 187.9% | N/A | N/A | 197.3% | 168.9% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | N/A | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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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