Raseinių šilumos tinklai
UAB Raiseinių šilumos tinklai was registered on August 14, 1997. Main activities of the company – heating and hot water services, centralized supply of heat. Other services include testing and maintenance of steam boilers, operation of heat consumption equipment and maintenance of heat meters.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 2,292 | 2,795 | 3,567 | 3,608 |
| Cost of goods sold | 1,754 | 2,181 | 3,102 | 3,130 |
| Gross profit (loss) | 538 | 615 | 465 | 478 |
| Gross profit margin | 23% | 22% | 13% | 13% |
| Operating expenses | 317 | 273 | 304 | 292 |
| Operating profit (loss) | 146 | 265 | 82 | 107 |
| Operating profit margin | 6% | 9% | 2% | 3% |
| EBITDA | 441 | 588 | 355 | 388 |
| EBITDA margin | 19% | 21% | 10% | 11% |
| Net profit (loss) | 139 | 278 | 84 | 94 |
| Net profit margin | 6% | 10% | 2% | 3% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 6,813 | 6,712 | 6,569 | 6,264 |
| Intangible assets | 4 | 2 | 2 | 2 |
| Tangible assets | 6,809 | 6,710 | 6,568 | 6,262 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 871 | 1,181 | 1,375 | 1,428 |
| Inventories and prepaid expenses | 171 | 221 | 364 | 272 |
| Accounts receivable in one year | 468 | 500 | 822 | 535 |
| Other current assets | ||||
| Cash and cash equivalents | 232 | 460 | 189 | 621 |
| Total assets | 7,687 | 7,896 | 7,949 | 7,696 |
| Equity | 3,552 | 3,940 | 4,075 | 4,317 |
| Grants and subsidies | 2,470 | 2,422 | 2,302 | 2,174 |
| Liabilities | 1,665 | 1,535 | 1,573 | 1,206 |
| Financial liabilities | 1,379 | 1,238 | 990 | 789 |
| Long-term liabilities | 1,141 | 903 | 115 | 549 |
| Short-term liabilities | 524 | 631 | 1,458 | 657 |
| Equity and liabilities | 7,687 | 7,896 | 7,949 | 7,696 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | 4% | 1% | 1% |
| Return on equity (ROE) | 4% | 7% | 2% | 2% |
| Return on capital employed (ROCE) | 3% | 5% | 2% | 2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.18 | 0.16 | 0.12 | 0.10 |
| Current Ratio | 1.66 | 1.87 | 0.94 | 2.17 |
| Quick ratio | 1.34 | 1.52 | 0.69 | 1.76 |
| Turnover ratios | ||||
| Asset turnover | 0.30 | 0.35 | 0.45 | 0.47 |
| Fixed asset turnover | 0.34 | 0.42 | 0.54 | 0.58 |
| Equity turnover | 0.65 | 0.71 | 0.88 | 0.84 |
| Profitability ratios | ||||
| EBITDA margin | 19% | 21% | 10% | 11% |
| Operating profit margin | 6% | 9% | 2% | 3% |
| Net profit margin | 6% | 10% | 2% | 3% |
| 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 „Raseinių šilumos tinklai“
- Legal formPrivate limited liability company (UAB)
- Company code172412113
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionRaseiniai district municipality
- Share belonging to the Municipal100%
ROE
2.2%
Number of employees
56
Financial data provided as at end-December 2023
Management
- Modestas GlobysChief Executive Officer
Information as of: 2024/04/30
