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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Gargždų turgus” was registered on June 29, 1995. The main activity of UAB “Gargždų turgus” is the organization of trade and the lease of trade places for retail trade companies and individual traders.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 99 106 122 152
Cost of goods sold 106 101 126 75
Gross profit (loss) -7 5 -4 77
Gross profit margin -7% 5% -3% 50%
Operating expenses 76
Operating profit (loss) -7 5 -4 0
Operating profit margin -7% 5% -3% 0%
EBITDA -2 17 7 5
EBITDA margin -2% 16% 6% 3%
Net profit (loss) -8 11 0 0
Net profit margin -8% 10% 0% 0%

Balance sheet

2019 2020 2021 2022
Non-current assets 74 69 69 66
Intangible assets 0 0
Tangible assets 74 69 69 66
Financial assets
Other non-current assets
Current assets 43 54 55 67
Inventories and prepaid expenses 1 1 1 0
Accounts receivable in one year 0 0 1 2
Other current assets
Cash and cash equivalents 42 52 53 65
Total assets 118 123 125 133
Equity 104 114 114 115
Grants and subsidies
Liabilities 14 9 10 18
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 14 9 10 18
Equity and liabilities 118 123 124 133

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -7% 9% 0% 0%
Return on equity (ROE) -8% 10% 0% 0%
Return on capital employed (ROCE) -6% 5% -3% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 3.07 6.07 5.52 3.68
Quick ratio 3.03 5.93 5.38 3.66
Turnover ratios
Asset turnover 0.84 0.87 0.98 1.14
Fixed asset turnover 1.33 1.54 1.76 2.30
Equity turnover 0.95 0.93 1.07 1.32
Profitability ratios
EBITDA margin -2% 16% 6% 3%
Operating profit margin -7% 5% -3% 0%
Net profit margin -8% 10% 0% 0%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

Expectations of the municipal

About the company

  • Official nameUAB „Gargždų turgus“ 
  • Legal formPrivate limited liability company (UAB)
  • Company code163252987
  • SectorOther
  • Line of businessMarketplace administration
  • Representing institutionKlaipėda district municipality
  • Share belonging to the Municipal90%
https://gargzduturgus.lt/
ROE

0.3%

Number of employees

6

Financial data provided as at end-December 2022

Management

  • L.e.p.direktorius Marius ŽiliusChief Executive Officer

Information as of: 4/30/2023