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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Kretingos turgus” was registered on February 1, 2006. The main activity is the operation of the marketplace, the leasing of real estate ownership or other legal form.

Financial results

P/L Statment

2020 2021 2022 2023
Revenue 55 60 71 70
Cost of goods sold 21 25 29 32
Gross profit (loss) 34 35 42 39
Gross profit margin 62% 58% 59% 55%
Operating expenses 30 41 51 44
Operating profit (loss) 4 -6 -9 -6
Operating profit margin 7% -10% -13% -9%
EBITDA 6 -4 -8 -5
EBITDA margin 11% -7% -11% -7%
Net profit (loss) 4 -6 -9 -6
Net profit margin 7% -10% -13% -9%

Balance sheet

2020 2021 2022 2023
Non-current assets 11 10 9 18
Intangible assets
Tangible assets 11 10 9 18
Financial assets
Other non-current assets
Current assets 7 2 1 3
Inventories and prepaid expenses
Accounts receivable in one year 2 1 1 1
Other current assets
Cash and cash equivalents 5 1 1 1
Total assets 18 12 10 21
Equity 9 3 -7 0
Grants and subsidies
Liabilities 9 9 17 21
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 9 9 17 21
Equity and liabilities 18 12 10 21

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 24% -41% -85% -39%
Return on equity (ROE) 56% -109% 438% 187%
Return on capital employed (ROCE) 47% -240% 137% -2000%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 0.76 0.17 0.08 0.13
Quick ratio 0.76 0.17 0.08 0.13
Turnover ratios
Asset turnover 3.12 5.16 7.08 3.34
Fixed asset turnover 5.20 6.04 8.23 3.84
Equity turnover 6.48 24.16 -10.57 234.00
Profitability ratios
EBITDA margin 11% -7% -11% -7%
Operating profit margin 7% -10% -13% -9%
Net profit margin 7% -10% -13% -9%
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 „Kretingos turgus“
  • Legal formPrivate limited liability company (UAB)
  • Company code300531865
  • SectorOther
  • Line of businessMarketplace administration
  • Representing institutionKretinga district municipality
  • Share belonging to the Municipal100%
https://kretingosturgus.lt/
ROE

187.5%

Number of employees

5

Financial data provided as at end-December 2023

Management

  • Nerijus TertelisChief Executive Officer

Information as of: 2024/06/14