Ace Hardware Indonesia Tbk
PT Aspirasi Hidup Indonesia Tbk engages in the retail of home improvement products in Indonesia. It operates through Home Improvement Products, Lifestyle Products, and Toys Products segments. The company retails household and electrical appliances; tools, cleaning equipment, and gardening tools; pet supplies; lifestyle, fashion, beauty, home living, electronics, gadgets, kitchen, dining, hobbies,… Read more
Ace Hardware Indonesia Tbk (ACES) - Net Assets
Latest net assets as of June 2025: Rp6.22 Trillion IDR
Based on the latest financial reports, Ace Hardware Indonesia Tbk (ACES) has net assets worth Rp6.22 Trillion IDR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp8.50 Trillion) and total liabilities (Rp2.28 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp6.22 Trillion |
| % of Total Assets | 73.17% |
| Annual Growth Rate | 31.12% |
| 5-Year Change | 24.7% |
| 10-Year Change | 147.73% |
| Growth Volatility | 132.46 |
Ace Hardware Indonesia Tbk - Net Assets Trend (2004–2024)
This chart illustrates how Ace Hardware Indonesia Tbk's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ace Hardware Indonesia Tbk (2004–2024)
The table below shows the annual net assets of Ace Hardware Indonesia Tbk from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp6.51 Trillion | +5.27% |
| 2023-12-31 | Rp6.19 Trillion | +5.14% |
| 2022-12-31 | Rp5.88 Trillion | +6.73% |
| 2021-12-31 | Rp5.51 Trillion | +5.56% |
| 2020-12-31 | Rp5.22 Trillion | +10.12% |
| 2019-12-31 | Rp4.74 Trillion | +11.97% |
| 2018-12-31 | Rp4.24 Trillion | +20.65% |
| 2017-12-31 | Rp3.51 Trillion | +15.14% |
| 2016-12-31 | Rp3.05 Trillion | +15.97% |
| 2015-12-31 | Rp2.63 Trillion | +11.29% |
| 2014-12-31 | Rp2.36 Trillion | +23.32% |
| 2013-12-31 | Rp1.92 Trillion | +18.39% |
| 2012-12-31 | Rp1.62 Trillion | +31.34% |
| 2011-12-31 | Rp1.23 Trillion | +17.93% |
| 2010-12-31 | Rp1.04 Trillion | +20.38% |
| 2009-12-31 | Rp867.77 Billion | +28.09% |
| 2008-12-31 | Rp677.46 Billion | +15.43% |
| 2007-12-31 | Rp586.88 Billion | +620.90% |
| 2006-12-31 | Rp81.41 Billion | +34.79% |
| 2005-12-31 | Rp60.40 Billion | +109.15% |
| 2004-12-31 | Rp28.88 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ace Hardware Indonesia Tbk's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 41424.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp5.42 Trillion | 83.71% |
| Common Stock | Rp171.20 Billion | 2.64% |
| Other Comprehensive Income | Rp482.59 Billion | 7.45% |
| Other Components | Rp401.07 Billion | 6.19% |
| Total Equity | Rp6.48 Trillion | 100.00% |
Ace Hardware Indonesia Tbk Competitors by Market Cap
The table below lists competitors of Ace Hardware Indonesia Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
51Talk Online Education Group
NYSE MKT:COE
|
$160.78 Million |
|
Teamlease Services Limited
NSE:TEAMLEASE
|
$160.80 Million |
|
Protec Co. Ltd
KQ:053610
|
$160.82 Million |
|
Sparebank 1 Ostfold Akershus
OL:SOAG
|
$160.83 Million |
|
MPHB Capital Bhd
KLSE:5237
|
$160.75 Million |
|
Hangzhou Zhongya Machinery Co Ltd
SHE:300512
|
$160.70 Million |
|
Kcc Glass Corp
KO:344820
|
$160.67 Million |
|
Tower Bersama Infrastructure Tbk PT
JK:TBIG
|
$160.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ace Hardware Indonesia Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,143,367,412,606 to 6,475,926,814,000, a change of 332,559,401,394 (5.4%).
- Net income of 892,043,887,000 contributed positively to equity growth.
- Dividend payments of 573,533,055,000 reduced retained earnings.
- Other comprehensive income decreased equity by 34.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp892.04 Billion | +13.77% |
| Dividends Paid | Rp573.53 Billion | -8.86% |
| Other Comprehensive Income | Rp-34.00 | -0.0% |
| Other Changes | Rp14.05 Billion | +0.22% |
| Total Change | Rp- | 5.41% |
Book Value vs Market Value Analysis
This analysis compares Ace Hardware Indonesia Tbk's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 226.86x to 1.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Rp1.68 | Rp382.00 | x |
| 2005-12-31 | Rp3.52 | Rp382.00 | x |
| 2006-12-31 | Rp20.35 | Rp382.00 | x |
| 2007-12-31 | Rp70.92 | Rp382.00 | x |
| 2008-12-31 | Rp39.61 | Rp382.00 | x |
| 2009-12-31 | Rp51.58 | Rp382.00 | x |
| 2010-12-31 | Rp60.07 | Rp382.00 | x |
| 2011-12-31 | Rp68.95 | Rp382.00 | x |
| 2012-12-31 | Rp93.36 | Rp382.00 | x |
| 2013-12-31 | Rp111.14 | Rp382.00 | x |
| 2014-12-31 | Rp137.82 | Rp382.00 | x |
| 2015-12-31 | Rp154.17 | Rp382.00 | x |
| 2016-12-31 | Rp179.14 | Rp382.00 | x |
| 2017-12-31 | Rp206.07 | Rp382.00 | x |
| 2018-12-31 | Rp247.46 | Rp382.00 | x |
| 2019-12-31 | Rp276.81 | Rp382.00 | x |
| 2020-12-31 | Rp304.41 | Rp382.00 | x |
| 2021-12-31 | Rp320.43 | Rp382.00 | x |
| 2022-12-31 | Rp343.94 | Rp382.00 | x |
| 2023-12-31 | Rp359.12 | Rp382.00 | x |
| 2024-12-31 | Rp377.28 | Rp382.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ace Hardware Indonesia Tbk utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.77%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.39%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.26x
- Recent ROE (13.77%) is below the historical average (21.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 45.21% | 3.77% | 4.16x | 2.88x | Rp10.17 Billion |
| 2005 | 29.01% | 3.62% | 3.37x | 2.38x | Rp11.48 Billion |
| 2006 | 33.18% | 4.23% | 2.87x | 2.73x | Rp18.87 Billion |
| 2007 | 10.24% | 6.77% | 1.26x | 1.20x | Rp1.38 Billion |
| 2008 | 19.28% | 10.21% | 1.62x | 1.17x | Rp62.90 Billion |
| 2009 | 17.80% | 11.37% | 1.40x | 1.12x | Rp67.67 Billion |
| 2010 | 17.26% | 10.84% | 1.38x | 1.16x | Rp74.84 Billion |
| 2011 | 23.63% | 11.75% | 1.67x | 1.20x | Rp164.46 Billion |
| 2012 | 27.30% | 13.56% | 1.68x | 1.20x | Rp277.04 Billion |
| 2013 | 26.72% | 13.06% | 1.57x | 1.30x | Rp318.43 Billion |
| 2014 | 23.54% | 12.22% | 1.54x | 1.25x | Rp319.07 Billion |
| 2015 | 22.39% | 12.41% | 1.45x | 1.24x | Rp325.52 Billion |
| 2016 | 23.27% | 14.40% | 1.32x | 1.22x | Rp405.22 Billion |
| 2017 | 22.14% | 13.10% | 1.34x | 1.26x | Rp426.45 Billion |
| 2018 | 22.83% | 13.32% | 1.36x | 1.26x | Rp542.01 Billion |
| 2019 | 21.79% | 12.65% | 1.38x | 1.25x | Rp557.46 Billion |
| 2020 | 14.08% | 9.89% | 1.02x | 1.39x | Rp212.45 Billion |
| 2021 | 12.60% | 10.56% | 0.91x | 1.31x | Rp142.62 Billion |
| 2022 | 11.29% | 9.82% | 0.95x | 1.21x | Rp75.96 Billion |
| 2023 | 12.43% | 10.03% | 0.98x | 1.26x | Rp149.17 Billion |
| 2024 | 13.77% | 10.39% | 1.05x | 1.26x | Rp244.45 Billion |
Industry Comparison
This section compares Ace Hardware Indonesia Tbk's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $1,406,100,229,643
- Average return on equity (ROE) among peers: 15.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ace Hardware Indonesia Tbk (ACES) | Rp6.22 Trillion | 45.21% | 0.37x | $160.76 Million |
| Duta Intidaya Tbk PT (DAYA) | $120.83 Billion | -3.29% | 1.28x | $10.60 Million |
| PT Global Sukses Digital Tbk (DOSS) | $25.59 Billion | 60.37% | 2.97x | $3.36 Million |
| Electronic City Indonesia Tbk (ECII) | $1.74 Trillion | 1.26% | 0.12x | $6.93 Million |
| Erajaya Swasembada Tbk (ERAA) | $9.06 Trillion | 11.40% | 1.40x | $158.35 Million |
| PT Sinar Eka Selaras Tbk (ERAL) | $730.42 Billion | 25.57% | 0.22x | $20.60 Million |
| Globe Kita Terang Tbk PT (GLOB) | $1.32 Billion | 0.00% | 8.99x | $1.09 Million |
| Himalaya Energi Perkasa Tbk PT (HADE) | $149.11 Billion | 2.73% | 1.30x | $1.70 Million |
| Perdana Bangun Pusaka Tbk PT (KONI) | $17.62 Billion | -40.47% | 5.78x | $5.93 Million |
| MAP Aktif Adiperkasa Tbk PT (MAPA) | $817.11 Billion | 77.86% | 2.31x | $333.45 Million |