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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
Georgian natural-gas distribution / trading company.
Subsidiary of Shezghuduli Pasukhismgeblobis Sazogadoeba Plin In (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 92.4% | 94.4% | 54.7% | 46.5% | 64.4% | 59.9% | 50.5% |
| EBITDA Margin | 33.4% | 56.0% | 10.3% | 2.5% | 37.3% | 45.2% | 37.0% |
| EBITDAR | 739 | 1,190 | 408 | 193 | 5,913 | 15,052 | 8,128 |
| EBITDAR Margin | 36.1% | 58.5% | 11.8% | 2.5% | 37.4% | 45.4% | 37.4% |
| EBIT Margin | 22.6% | 43.1% | 2.5% | -0.8% | 34.9% | 43.5% | 34.2% |
| Net Profit Margin | 2.5% | 48.8% | 5.5% | -3.7% | 31.3% | 37.6% | 31.3% |
| Operating Expense % of Sales | 59.0% | 38.4% | 44.3% | 44.0% | 27.1% | 14.7% | 13.5% |
| Returns | |||||||
| Return on Assets (ROA) | 0.7% | 10.8% | 1.9% | -26.5% | 27.3% | 41.5% | 16.1% |
| Return on Equity (ROE) | 13.9% | 72.7% | 12.2% | N/A | 68.1% | 63.2% | 25.6% |
| ROIC [EBIT / Invested Capital] | 12.4% | 17.6% | 1.6% | N/A | 47.9% | 60.1% | 22.7% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 44.1% | 42.9% | 41.2% | 0.0% | 24.8% | 16.0% | 14.9% |
| Debt-to-Equity | 9.39x | 2.87x | 2.65x | N/A | 0.62x | 0.24x | 0.24x |
| Debt-to-EBITDA | 5.14x | 3.44x | 11.60x | 0.00x | 0.76x | 0.32x | 0.78x |
| Equity-to-Assets | 4.7% | 14.9% | 15.5% | 0.0% | 40.1% | 65.6% | 62.9% |
| Net Debt | 3,346 | 3,604 | 3,782 | N/A | 4,232 | 4,280 | 6,256 |
| Cash & Equivalents | 164 | 319 | 350 | N/A | 264 | 544 | 24 |
| Total Debt | 3,510 | 3,922 | 4,132 | N/A | 4,496 | 4,824 | 6,280 |
| Liquidity & working capital | |||||||
| Current Ratio | 0.92x | 1.09x | 1.17x | 0.32x | 0.73x | 1.41x | 0.85x |
| Quick Ratio | 0.92x | 1.06x | 1.02x | 0.00x | 0.62x | 1.16x | 0.63x |
| Cash Ratio | 0.04x | 0.08x | 0.08x | 0.00x | 0.02x | 0.05x | 0.00x |
| Total Current Assets | 3,770 | 4,208 | 5,078 | 1,083 | 7,948 | 14,549 | 13,285 |
| Total Current Liabilities | 4,084 | 3,864 | 4,345 | 3,335 | 10,853 | 10,335 | 15,639 |
| Inventory | N/A | 116 | 631 | 1,083 | 1,218 | 2,603 | 3,454 |
| Trade Receivables | 535 | 413 | 422 | N/A | 2,872 | 11,222 | 7,782 |
| Trade Payables | 362 | 120 | 612 | N/A | 4,991 | 3,645 | 6,934 |
| Net Working Capital | -314 | 344 | 733 | -2,251 | -2,905 | 4,213 | -2,354 |
| Net Working Capital % of Revenue | -15.4% | 16.9% | 21.2% | -28.7% | -18.4% | 12.7% | -10.8% |
| Trade Working Capital | 173 | 409 | 440 | 1,083 | -901 | 10,180 | 4,302 |
| Trade Working Capital % of Revenue | 8.4% | 20.1% | 12.8% | 13.8% | -5.7% | 30.7% | 19.8% |
| Change in Trade Working Capital | N/A | 236 | 32 | 643 | -1,984 | 11,081 | -5,878 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 0.99x | 2.48x | 3.87x | 4.62x | 5.11x | 3.12x |
| Days Inventory Outstanding (DIO) | N/A | 367.5 | 147.3 | 94.2 | 79.0 | 71.5 | 117.1 |
| Receivables Turnover | 3.83x | 4.93x | 8.18x | N/A | 5.50x | 2.95x | 2.79x |
| Days Sales Outstanding (DSO) | 95.4 | 74.1 | 44.6 | N/A | 66.4 | 123.6 | 130.8 |
| Payables Turnover | 0.43x | 0.96x | 2.55x | N/A | 1.13x | 3.65x | 1.55x |
| Days Payable Outstanding (DPO) | 850.6 | 381.2 | 142.9 | N/A | 323.7 | 100.1 | 235.2 |
| Cash Conversion Cycle | -755.3 days | 60.4 days | 49.0 days | 94.2 days | -178.3 days | 95.0 days | 12.7 days |
| Asset Turnover | 0.26x | 0.22x | 0.34x | 7.24x | 0.87x | 1.10x | 0.52x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 8,377 | 21 | 115 | 1,440 | 8,515 | 3,717 | 12,217 |
| Free Cash Flow (OCF − Capex proxy) | 8,377 | 21 | 115 | 1,440 | -3,953 | 1,422 | -1,530 |
| Cash Conversion (OCF / EBITDA) | 1226.8% | 1.8% | 32.4% | 746.2% | 144.4% | 24.8% | 151.9% |
| Dividends Declared | N/A | N/A | N/A | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | 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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