Adi Sarana Armada Tbk
PT Adi Sarana Armada Tbk provides corporate car rental and transportation solutions, logistics, driver services, automotive auction, car sharing, online vehicle trading, and parcel delivery services in Indonesia. The company provides rental business services; and leasing services without option rights for car, bus, and truck, as well as land transportation not four or more wheeled vehicles; whole… Read more
Adi Sarana Armada Tbk (ASSA) - Net Assets
Latest net assets as of September 2025: Rp3.16 Trillion IDR
Based on the latest financial reports, Adi Sarana Armada Tbk (ASSA) has net assets worth Rp3.16 Trillion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp8.38 Trillion) and total liabilities (Rp5.23 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 | Rp3.16 Trillion |
| % of Total Assets | 37.66% |
| Annual Growth Rate | 25.34% |
| 5-Year Change | 93.33% |
| 10-Year Change | 225.62% |
| Growth Volatility | 67.33 |
Adi Sarana Armada Tbk - Net Assets Trend (2009–2024)
This chart illustrates how Adi Sarana Armada 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 Adi Sarana Armada Tbk (2009–2024)
The table below shows the annual net assets of Adi Sarana Armada Tbk from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp2.78 Trillion | +6.92% |
| 2023-12-31 | Rp2.60 Trillion | +5.33% |
| 2022-12-31 | Rp2.47 Trillion | +39.95% |
| 2021-12-31 | Rp1.77 Trillion | +22.66% |
| 2020-12-31 | Rp1.44 Trillion | +7.56% |
| 2019-12-31 | Rp1.34 Trillion | +17.55% |
| 2018-12-31 | Rp1.14 Trillion | +15.48% |
| 2017-12-31 | Rp985.81 Billion | +9.09% |
| 2016-12-31 | Rp903.63 Billion | +5.74% |
| 2015-12-31 | Rp854.54 Billion | +2.05% |
| 2014-12-31 | Rp837.42 Billion | +1.51% |
| 2013-12-31 | Rp825.00 Billion | +12.56% |
| 2012-12-31 | Rp732.95 Billion | +280.65% |
| 2011-12-31 | Rp192.55 Billion | +45.70% |
| 2010-12-31 | Rp132.16 Billion | +40.70% |
| 2009-12-31 | Rp93.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adi Sarana Armada 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 101771070100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp1.02 Trillion | 52.09% |
| Common Stock | Rp369.11 Billion | 18.89% |
| Other Comprehensive Income | Rp7.81 Billion | 0.40% |
| Other Components | Rp559.22 Billion | 28.62% |
| Total Equity | Rp1.95 Trillion | 100.00% |
Adi Sarana Armada Tbk Competitors by Market Cap
The table below lists competitors of Adi Sarana Armada Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Temas Tbk
JK:TMAS
|
$63.64 Million |
|
Paninvest Tbk
JK:PNIN
|
$63.64 Million |
|
CareRx Corporation
PINK:CHHHF
|
$63.66 Million |
|
SESHAASAI TECHNOLOGIES L
NSE:STYL
|
$63.67 Million |
|
GOLFZON NEWDIN HOLDINGS Co. Ltd
KQ:121440
|
$63.59 Million |
|
Scully Royalty Ltd
NYSE:SRL
|
$63.58 Million |
|
STALPRODUKT ZY 2
F:0WB
|
$63.56 Million |
|
Spark I Acquisition Corp. Class A Ordinary Share
NASDAQ:SPKL
|
$63.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adi Sarana Armada Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,857,789,739,930 to 1,953,852,646,000, a change of 96,062,906,070 (5.2%).
- Net income of 243,744,788,000 contributed positively to equity growth.
- Dividend payments of 149,595,501,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,628,979,762.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp243.74 Billion | +12.48% |
| Dividends Paid | Rp149.60 Billion | -7.66% |
| Other Comprehensive Income | Rp-1.63 Billion | -0.08% |
| Other Changes | Rp3.54 Billion | +0.18% |
| Total Change | Rp- | 5.17% |
Book Value vs Market Value Analysis
This analysis compares Adi Sarana Armada 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: 1.96x
- 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 9.00x to 1.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | Rp115.58 | Rp1040.00 | x |
| 2012-12-31 | Rp322.48 | Rp1040.00 | x |
| 2013-12-31 | Rp224.09 | Rp1040.00 | x |
| 2014-12-31 | Rp227.44 | Rp1040.00 | x |
| 2015-12-31 | Rp232.09 | Rp1040.00 | x |
| 2016-12-31 | Rp245.41 | Rp1040.00 | x |
| 2017-12-31 | Rp267.70 | Rp1040.00 | x |
| 2018-12-31 | Rp295.05 | Rp1040.00 | x |
| 2019-12-31 | Rp323.71 | Rp1040.00 | x |
| 2020-12-31 | Rp348.64 | Rp1040.00 | x |
| 2021-12-31 | Rp390.10 | Rp1040.00 | x |
| 2022-12-31 | Rp446.50 | Rp1040.00 | x |
| 2023-12-31 | Rp513.43 | Rp1040.00 | x |
| 2024-12-31 | Rp529.34 | Rp1040.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adi Sarana Armada 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): 12.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.92%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 3.95x
- Recent ROE (12.48%) is above the historical average (7.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 5.13% | 1.74% | 0.40x | 7.38x | Rp-9.38 Billion |
| 2012 | 4.02% | 3.71% | 0.38x | 2.88x | Rp-43.84 Billion |
| 2013 | 11.16% | 9.03% | 0.47x | 2.63x | Rp9.54 Billion |
| 2014 | 5.13% | 3.77% | 0.45x | 2.99x | Rp-40.80 Billion |
| 2015 | 4.00% | 2.45% | 0.48x | 3.39x | Rp-51.30 Billion |
| 2016 | 6.88% | 3.96% | 0.52x | 3.35x | Rp-28.20 Billion |
| 2017 | 10.47% | 6.11% | 0.51x | 3.36x | Rp4.64 Billion |
| 2018 | 13.21% | 7.70% | 0.46x | 3.74x | Rp34.88 Billion |
| 2019 | 9.26% | 4.74% | 0.48x | 4.07x | Rp-8.78 Billion |
| 2020 | 4.98% | 2.10% | 0.59x | 4.03x | Rp-64.46 Billion |
| 2021 | 9.38% | 2.80% | 0.84x | 3.97x | Rp-9.39 Billion |
| 2022 | 0.23% | 0.06% | 0.81x | 4.49x | Rp-158.06 Billion |
| 2023 | 5.59% | 2.34% | 0.61x | 3.95x | Rp-82.01 Billion |
| 2024 | 12.48% | 4.92% | 0.64x | 3.95x | Rp48.36 Billion |
Industry Comparison
This section compares Adi Sarana Armada Tbk's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $247,826,904,038
- Average return on equity (ROE) among peers: 11.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adi Sarana Armada Tbk (ASSA) | Rp3.16 Trillion | 5.13% | 1.66x | $63.59 Million |
| Batavia Prosperindo Trans Tbk PT (BPTR) | $130.10 Billion | 2.54% | 1.54x | $3.24 Million |
| Superkrane Mitra Utama Tbk PT (SKRN) | $291.19 Billion | 16.44% | 2.55x | $25.84 Million |
| Sarana Mitra Luas (SMIL) | $249.03 Billion | 14.31% | 0.98x | $21.19 Million |
| Transkon Jaya Pt (TRJA) | $320.99 Billion | 14.33% | 1.01x | $1.22 Million |