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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
Natural-gas distribution utility serving the Telavi district of Kakheti.
Subsidiary of SOCAR Georgia Gas (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 40.0% | 17.6% | 37.6% | 38.0% | 43.7% | 37.9% | 35.0% |
| EBITDA Margin | -66.7% | 9.0% | 26.1% | 26.4% | 31.8% | 22.5% | 19.1% |
| EBITDAR | -10 | 1,044 | 3,139 | 3,464 | 5,069 | 3,720 | 3,608 |
| EBITDAR Margin | -66.7% | 9.0% | 26.1% | 26.4% | 31.8% | 22.5% | 19.1% |
| EBIT Margin | -66.7% | 6.5% | 22.8% | 23.0% | 28.6% | 19.1% | 15.5% |
| Net Profit Margin | -1640.0% | -3.3% | 15.2% | 12.6% | 21.3% | 14.6% | 13.9% |
| Operating Expense % of Sales | 106.7% | 8.6% | 11.4% | 11.6% | 11.9% | 15.4% | 15.8% |
| Returns | |||||||
| Return on Assets (ROA) | -2.8% | -2.8% | 11.6% | 10.3% | 19.2% | 13.8% | 13.8% |
| Return on Equity (ROE) | N/A | N/A | 108.2% | 49.0% | 49.8% | 27.0% | 21.2% |
| ROIC [EBIT / Invested Capital] | N/A | 9.0% | 28.9% | 26.0% | 33.8% | 23.5% | 21.2% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 0.0% | 67.0% | 57.6% | 55.3% | 40.6% | 27.0% | 8.8% |
| Debt-to-Equity | -0.00x | -14.47x | 5.35x | 2.64x | 1.05x | 0.53x | 0.14x |
| Debt-to-EBITDA | N/A | 8.68x | 2.88x | 2.58x | 1.42x | 1.27x | 0.46x |
| Equity-to-Assets | -2.8% | -4.6% | 10.8% | 20.9% | 38.6% | 51.2% | 65.1% |
| Net Debt | N/A | 9,014 | 7,755 | 8,274 | 6,671 | 4,511 | 1,481 |
| Cash & Equivalents | N/A | 46 | 1,284 | 669 | 524 | 208 | 192 |
| Total Debt | N/A | 9,060 | 9,039 | 8,943 | 7,195 | 4,719 | 1,673 |
| Liquidity & working capital | |||||||
| Current Ratio | 0.01x | 0.21x | 0.92x | 1.09x | 1.48x | 0.45x | 0.79x |
| Quick Ratio | 0.00x | 0.18x | 0.86x | 1.00x | 1.39x | 0.41x | 0.73x |
| Cash Ratio | 0.00x | 0.00x | 0.30x | 0.21x | 0.18x | 0.03x | 0.03x |
| Total Current Assets | 51 | 2,898 | 4,013 | 3,405 | 4,304 | 3,435 | 4,489 |
| Total Current Liabilities | 9,050 | 13,638 | 4,346 | 3,137 | 2,905 | 7,659 | 5,660 |
| Inventory | 33 | 402 | 289 | 253 | 258 | 329 | 334 |
| Trade Receivables | 18 | 2,450 | 2,440 | 2,483 | 3,522 | 2,898 | 3,963 |
| Trade Payables | 9,050 | 4,495 | 4,226 | 2,994 | 2,615 | 2,716 | 3,851 |
| Net Working Capital | -8,999 | -10,740 | -333 | 268 | 1,399 | -4,224 | -1,171 |
| Net Working Capital % of Revenue | -59993.3% | -92.8% | -2.8% | 2.0% | 8.8% | -25.5% | -6.2% |
| Trade Working Capital | -8,999 | -1,643 | -1,497 | -258 | 1,165 | 511 | 446 |
| Trade Working Capital % of Revenue | -59993.3% | -14.2% | -12.5% | -2.0% | 7.3% | 3.1% | 2.4% |
| Change in Trade Working Capital | N/A | 7,356 | 146 | 1,239 | 1,423 | -654 | -65 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 0.27x | 23.71x | 25.93x | 32.20x | 34.82x | 31.26x | 36.75x |
| Days Inventory Outstanding (DIO) | 1338.3 | 15.4 | 14.1 | 11.3 | 10.5 | 11.7 | 9.9 |
| Receivables Turnover | 0.83x | 4.72x | 4.92x | 5.29x | 4.53x | 5.71x | 4.76x |
| Days Sales Outstanding (DSO) | 438.0 | 77.3 | 74.2 | 69.0 | 80.6 | 63.9 | 76.7 |
| Payables Turnover | 0.00x | 2.12x | 1.77x | 2.72x | 3.44x | 3.79x | 3.19x |
| Days Payable Outstanding (DPO) | 367027.8 | 172.1 | 205.8 | 134.1 | 106.3 | 96.4 | 114.5 |
| Cash Conversion Cycle | -365251.4 days | -79.5 days | -117.5 days | -53.8 days | -15.2 days | -20.8 days | -27.9 days |
| Asset Turnover | 0.00x | 0.86x | 0.76x | 0.81x | 0.90x | 0.95x | 0.99x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | N/A | -5,896 | 2,673 | 2,128 | 3,659 | 4,307 | 3,375 |
| Free Cash Flow (OCF − Capex proxy) | N/A | -8,050 | 1,238 | 735 | 2,505 | 3,134 | 2,225 |
| Cash Conversion (OCF / EBITDA) | N/A | -564.8% | 85.2% | 61.4% | 72.2% | 115.8% | 93.5% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | 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.
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Ownership & directors from companyinfo.ge (public corporate registry).
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