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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 13,578 · FY2023 2,706 · FY2024 4,704 — 3-yr total 20,988
Georgian Petroleum LLC is a domestic wholesale and retail fuel distributor active in gasoline, diesel and LPG, with petrol stations across multiple regions. A mid-tier player in the Georgian fuel-retail market dominated by SOCAR, Wissol, Rompetrol and Lukoil.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 13.7% | 11.1% | 10.7% | -12.0% | 16.1% | 8.9% | 7.7% | 7.7% |
| EBITDA Margin | 11.9% | 7.4% | 7.1% | -22.3% | 11.7% | 5.4% | 4.8% | 4.1% |
| EBITDAR | 8,682 | 7,834 | 8,498 | -7,267 | 10,235 | 11,331 | 9,490 | 10,247 |
| EBITDAR Margin | 12.2% | 7.8% | 7.5% | -21.1% | 12.1% | 5.6% | 5.1% | 4.5% |
| EBIT Margin | 11.4% | 6.9% | 6.6% | -24.7% | 10.9% | 5.1% | 4.4% | 3.7% |
| Net Profit Margin | 8.0% | 4.9% | 4.5% | 7.1% | 8.9% | 4.1% | 3.3% | 2.4% |
| Operating Expense % of Sales | 1.8% | 3.7% | 3.6% | 10.3% | 4.5% | 3.4% | 3.0% | 3.7% |
| Returns | ||||||||
| Return on Assets (ROA) | 24.5% | 31.8% | 12.1% | 6.5% | 26.1% | 26.2% | 20.4% | 16.1% |
| Return on Equity (ROE) | 47.3% | 183.0% | 100.7% | 32.8% | 74.3% | 169.3% | 73.8% | 61.4% |
| ROIC [EBIT / Invested Capital] | 50.8% | 90.0% | 21.9% | -27.5% | 53.2% | 53.0% | 30.5% | 28.8% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 18.1% | 32.6% | 71.0% | 63.0% | 57.9% | 57.3% | 69.3% | 64.0% |
| Debt-to-Equity | 0.35x | 1.87x | 5.90x | 3.18x | 1.65x | 3.71x | 2.51x | 2.44x |
| Debt-to-EBITDA | 0.49x | 0.68x | 3.66x | N/A | 1.70x | 1.67x | 2.35x | 2.34x |
| Equity-to-Assets | 51.9% | 17.4% | 12.0% | 19.8% | 35.2% | 15.5% | 27.6% | 26.2% |
| Net Debt | 3,978 | 4,986 | 29,556 | 23,388 | 7,136 | 14,404 | 18,667 | 20,836 |
| Cash & Equivalents | 181 | 28 | 130 | 384 | 9,608 | 3,819 | 2,487 | 1,187 |
| Total Debt | 4,159 | 5,014 | 29,686 | 23,772 | 16,744 | 18,223 | 21,154 | 22,023 |
| Liquidity & working capital | ||||||||
| Current Ratio | 1.71x | 0.80x | 0.95x | 0.99x | 1.15x | 0.89x | 0.94x | 0.90x |
| Quick Ratio | 0.79x | 0.22x | 0.57x | 0.68x | 0.68x | 0.46x | 0.44x | 0.26x |
| Cash Ratio | 0.02x | 0.00x | 0.00x | 0.01x | 0.51x | 0.14x | 0.11x | 0.05x |
| Total Current Assets | 18,939 | 10,220 | 34,798 | 30,064 | 21,601 | 23,870 | 20,776 | 22,935 |
| Total Current Liabilities | 11,066 | 12,725 | 36,774 | 30,271 | 18,751 | 26,883 | 22,095 | 25,360 |
| Inventory | 10,208 | 7,456 | 13,670 | 9,517 | 8,876 | 11,374 | 11,162 | 16,406 |
| Trade Receivables | 3,176 | 2,404 | 17,404 | 8,578 | 2,893 | 4,858 | 6,297 | 4,699 |
| Trade Payables | 6,679 | 7,096 | 7,088 | 6,499 | 2,007 | 8,087 | 941 | 3,337 |
| Net Working Capital | 7,873 | -2,505 | -1,976 | -207 | 2,850 | -3,013 | -1,319 | -2,425 |
| Net Working Capital % of Revenue | 11.1% | -2.5% | -1.7% | -0.6% | 3.4% | -1.5% | -0.7% | -1.1% |
| Trade Working Capital | 6,705 | 2,764 | 23,986 | 11,596 | 9,762 | 8,145 | 16,518 | 17,768 |
| Trade Working Capital % of Revenue | 9.4% | 2.8% | 21.1% | 33.7% | 11.6% | 4.1% | 8.9% | 7.7% |
| Change in Trade Working Capital | N/A | -3,941 | 21,222 | -12,390 | -1,834 | -1,617 | 8,373 | 1,250 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 6.00x | 11.91x | 7.44x | 4.05x | 7.98x | 16.10x | 15.40x | 12.93x |
| Days Inventory Outstanding (DIO) | 60.8 | 30.7 | 49.0 | 90.1 | 45.7 | 22.7 | 23.7 | 28.2 |
| Receivables Turnover | 22.35x | 41.53x | 6.55x | 4.01x | 29.21x | 41.37x | 29.59x | 48.89x |
| Days Sales Outstanding (DSO) | 16.3 | 8.8 | 55.8 | 91.0 | 12.5 | 8.8 | 12.3 | 7.5 |
| Payables Turnover | 9.18x | 12.51x | 14.35x | 5.93x | 35.30x | 22.65x | 182.67x | 63.55x |
| Days Payable Outstanding (DPO) | 39.8 | 29.2 | 25.4 | 61.5 | 10.3 | 16.1 | 2.0 | 5.7 |
| Cash Conversion Cycle | 37.3 days | 10.3 days | 79.4 days | 119.6 days | 47.9 days | 15.4 days | 34.0 days | 30.0 days |
| Asset Turnover | 3.09x | 6.48x | 2.72x | 0.91x | 2.92x | 6.32x | 6.10x | 6.68x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 1,626 | 14,384 | -19,644 | 21,748 | 8,873 | 11,136 | -1,948 | 5,952 |
| Free Cash Flow (OCF − Capex proxy) | 1,626 | 12,622 | -22,016 | 9,197 | 20,083 | 5,655 | -1,830 | 3,654 |
| Cash Conversion (OCF / EBITDA) | 19.3% | 195.7% | -242.5% | N/A | 89.9% | 101.9% | -21.6% | 63.2% |
| Dividends Declared | 0 | 13,737 | 2,590 | 0 | 4,870 | 13,578 | 2,706 | 4,704 |
| Dividend Payout Ratio | 0.0% | 280.3% | 51.1% | 0.0% | 64.5% | 163.1% | 43.5% | 84.9% |
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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