PT Carsurin Tbk
PT Carsurin Tbk provides inspection, testing, certification, and verification services primarily in Indonesia. The company offers independent third-party services and technical solutions for various industries, such as coal; minerals and metals; oil and gas, petroleum, and petrochemicals; maritime and offshore; industrial equipment; food and agricultural commodities; and consumer goods. PT Carsur… Read more
PT Carsurin Tbk (CRSN) - Net Assets
Latest net assets as of September 2025: Rp229.79 Billion IDR
Based on the latest financial reports, PT Carsurin Tbk (CRSN) has net assets worth Rp229.79 Billion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp376.48 Billion) and total liabilities (Rp146.69 Billion). 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 | Rp229.79 Billion |
| % of Total Assets | 61.04% |
| Annual Growth Rate | 32.2% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 30.04 |
PT Carsurin Tbk - Net Assets Trend (2020–2024)
This chart illustrates how PT Carsurin 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 PT Carsurin Tbk (2020–2024)
The table below shows the annual net assets of PT Carsurin Tbk from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp230.63 Billion | +8.24% |
| 2023-12-31 | Rp213.06 Billion | +86.04% |
| 2022-12-31 | Rp114.53 Billion | +20.91% |
| 2021-12-31 | Rp94.72 Billion | +25.45% |
| 2020-12-31 | Rp75.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PT Carsurin 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 decreased by 41.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp44.73 Billion | 19.33% |
| Common Stock | Rp144.60 Billion | 62.50% |
| Other Comprehensive Income | Rp-66.06 Million | -0.03% |
| Other Components | Rp42.12 Billion | 18.20% |
| Total Equity | Rp231.38 Billion | 100.00% |
PT Carsurin Tbk Competitors by Market Cap
The table below lists competitors of PT Carsurin Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fertilizantes Heringer S.A
SA:FHER3
|
$3.75 Million |
|
BigBen Interactive
PA:BIG
|
$3.75 Million |
|
Predictmedix Inc
PINK:PMEDF
|
$3.75 Million |
|
Garovaglio y Zorraquin S.A.
BA:GARO
|
$3.75 Million |
|
Palram
TA:PLRM
|
$3.75 Million |
|
The Oncology Institute Inc
NASDAQ:TOIIW
|
$3.75 Million |
|
Aspen Group Inc
OTCQB:ASPU
|
$3.75 Million |
|
Renforth Resources Inc
PINK:RFHRF
|
$3.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PT Carsurin Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 214,596,358,000 to 231,377,410,000, a change of 16,781,052,000 (7.8%).
- Net income of 23,109,769,000 contributed positively to equity growth.
- Dividend payments of 6,796,200,000 reduced retained earnings.
- Other comprehensive income increased equity by 467,483,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp23.11 Billion | +9.99% |
| Dividends Paid | Rp6.80 Billion | -2.94% |
| Other Comprehensive Income | Rp467.48 Million | +0.2% |
| Total Change | Rp- | 7.82% |
Book Value vs Market Value Analysis
This analysis compares PT Carsurin 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: 1.29x
- 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 3.31x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | Rp31.09 | Rp103.00 | x |
| 2021-12-31 | Rp38.59 | Rp103.00 | x |
| 2022-12-31 | Rp46.38 | Rp103.00 | x |
| 2023-12-31 | Rp86.72 | Rp103.00 | x |
| 2024-12-31 | Rp80.01 | Rp103.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PT Carsurin 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): 9.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.15%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 1.56x
- Recent ROE (9.99%) is below the historical average (17.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 18.08% | 5.06% | 2.04x | 1.75x | Rp6.30 Billion |
| 2021 | 21.64% | 6.58% | 2.21x | 1.49x | Rp11.27 Billion |
| 2022 | 25.74% | 8.24% | 2.14x | 1.46x | Rp18.31 Billion |
| 2023 | 12.84% | 6.20% | 1.45x | 1.43x | Rp6.09 Billion |
| 2024 | 9.99% | 5.15% | 1.25x | 1.56x | Rp-27.97 Million |
Industry Comparison
This section compares PT Carsurin Tbk's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $217,280,188,157
- Average return on equity (ROE) among peers: 9.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Carsurin Tbk (CRSN) | Rp229.79 Billion | 18.08% | 0.64x | $3.75 Million |
| Arkha Jayanti Persada PT (ARKA) | $101.09 Billion | 6.04% | 3.75x | $1.90 Million |
| Astra Graphia Tbk (ASGR) | $1.17 Trillion | 21.87% | 0.48x | $29.34 Million |
| PT Ecocare Indo Pasifik Tbk (HYGN) | $53.95 Billion | 18.71% | 1.07x | $4.39 Million |
| Jasuindo Tiga Perkasa Tbk (JTPE) | $56.39 Billion | 3.41% | 0.66x | $66.37 Million |
| Hoffmen Cleanindo (KING) | $27.85 Billion | 3.80% | 1.71x | $3.36 Million |
| Multifiling Mitra Indonesia (MFMI) | $115.82 Billion | 10.16% | 0.21x | $395.30K |
| PT Mutuagung Lestari Tbk (MUTU) | $200.39 Billion | 15.42% | 0.37x | $6.15 Million |
| PT Mitra Tirta Buwana Tbk (SOUL) | $16.44 Billion | 0.48% | 0.13x | $2.18 Million |