Loading…
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2020 0 · FY2021 0 · FY2022 0
Municipal water and sewage utility for the city of Rustavi, Georgia.
Subsidiary of Georgia Global Utilities (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 95.8% | 96.9% | 97.5% | 97.3% | 97.4% | 96.7% |
| EBITDA Margin | 26.4% | 22.4% | 30.1% | 33.5% | 1.6% | -2.1% |
| EBITDAR | 2,880 | 2,863 | 3,919 | 4,129 | 213 | -293 |
| EBITDAR Margin | 26.4% | 22.4% | 30.1% | 33.5% | 1.6% | -2.1% |
| EBIT Margin | 14.7% | 11.2% | 18.1% | 13.8% | -22.7% | -25.8% |
| Net Profit Margin | 3.9% | 5.0% | 2.7% | -2.0% | -26.6% | -21.3% |
| Operating Expense % of Sales | 69.5% | 74.5% | 67.4% | 63.9% | 95.9% | 98.8% |
| Returns | ||||||
| Return on Assets (ROA) | 2.2% | 2.8% | 1.4% | -0.8% | -13.3% | -9.7% |
| Return on Equity (ROE) | 3.8% | 16.6% | 8.3% | -2.4% | -55.7% | -85.4% |
| ROIC [EBIT / Invested Capital] | 12.3% | 8.6% | 14.0% | 10.5% | -18.9% | -20.8% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 17.8% | 59.4% | 57.1% | 34.9% | 38.7% | 47.8% |
| Debt-to-Equity | 0.31x | 3.53x | 3.49x | 1.00x | 1.62x | 4.22x |
| Debt-to-EBITDA | 1.21x | 4.80x | 3.78x | 2.46x | 49.72x | N/A |
| Equity-to-Assets | 57.2% | 16.8% | 16.4% | 34.8% | 23.8% | 11.3% |
| Net Debt | 1,843 | 12,812 | 12,579 | 6,144 | 9,938 | 13,940 |
| Cash & Equivalents | 1,653 | 920 | 2,219 | 4,027 | 653 | 917 |
| Total Debt | 3,496 | 13,732 | 14,798 | 10,171 | 10,591 | 14,857 |
| Liquidity & working capital | ||||||
| Current Ratio | 0.68x | 0.64x | 0.52x | 0.76x | 0.33x | 0.28x |
| Quick Ratio | 0.57x | 0.54x | 0.46x | 0.68x | 0.23x | 0.20x |
| Cash Ratio | 0.31x | 0.17x | 0.28x | 0.51x | 0.07x | 0.08x |
| Total Current Assets | 3,604 | 3,440 | 4,087 | 6,017 | 2,991 | 3,240 |
| Total Current Liabilities | 5,281 | 5,394 | 7,859 | 7,908 | 9,151 | 11,529 |
| Inventory | 618 | 540 | 463 | 609 | 911 | 920 |
| Trade Receivables | 1,047 | 1,940 | 1,269 | 1,084 | 1,123 | 1,219 |
| Trade Payables | 2,980 | 3,722 | 5,316 | 6,535 | 8,252 | 10,352 |
| Net Working Capital | -1,677 | -1,954 | -3,772 | -1,891 | -6,160 | -8,289 |
| Net Working Capital % of Revenue | -15.4% | -15.3% | -29.0% | -15.3% | -45.1% | -58.9% |
| Trade Working Capital | -1,315 | -1,242 | -3,584 | -4,842 | -6,218 | -8,213 |
| Trade Working Capital % of Revenue | -12.1% | -9.7% | -27.5% | -39.3% | -45.5% | -58.4% |
| Change in Trade Working Capital | N/A | 73 | -2,342 | -1,258 | -1,376 | -1,995 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 0.73x | 0.74x | 0.69x | 0.54x | 0.38x | 0.50x |
| Days Inventory Outstanding (DIO) | 497.9 | 494.0 | 528.1 | 679.8 | 952.8 | 733.2 |
| Receivables Turnover | 10.42x | 6.60x | 10.26x | 11.37x | 12.17x | 11.54x |
| Days Sales Outstanding (DSO) | 35.0 | 55.3 | 35.6 | 32.1 | 30.0 | 31.6 |
| Payables Turnover | 0.15x | 0.11x | 0.06x | 0.05x | 0.04x | 0.04x |
| Days Payable Outstanding (DPO) | 2401.1 | 3404.8 | 6063.6 | 7294.4 | 8630.3 | 8250.0 |
| Cash Conversion Cycle | -1868.1 days | -2855.5 days | -5499.9 days | -6582.6 days | -7647.5 days | -7485.1 days |
| Asset Turnover | 0.55x | 0.55x | 0.50x | 0.42x | 0.50x | 0.45x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | 1,985 | 2,857 | 5,733 | 5,471 | -531 | 628 |
| Free Cash Flow (OCF − Capex proxy) | 1,985 | -2,664 | 2,263 | 2,497 | -3,356 | -4,451 |
| Cash Conversion (OCF / EBITDA) | 68.9% | 99.8% | 146.3% | 132.5% | -249.3% | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | N/A | 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).
Ranked by how close each latest revenue is to this one — not a curated comp set. Open this set in Compare →