XL Axiata Tbk PT Net Assets

Latest as of September 2025: Rp32.00 Trillion IDR ≈ $1.87 Billion USD

XL Axiata Tbk PT net assets. Based on the latest financial reports, XL Axiata Tbk PT (EXCL) has net assets worth Rp32.00 Trillion IDR (≈ $1.87 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp109.82 Trillion ≈ $6.43 Billion USD) and total liabilities (Rp77.82 Trillion ≈ $4.56 Billion USD). 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. Also explore XL Axiata Tbk PT equity growth rate to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp32.00 Trillion
% of Total Assets	29.14%
Annual Growth Rate	N/A
5-Year Change	37.02%
10-Year Change	86.08%
Growth Volatility	56.12

Net Assets of XL Axiata Tbk PT (2000–2024)

Net assets of XL Axiata Tbk PT from 2000 to 2024. This chart illustrates how XL Axiata Tbk PT's net assets have evolved over time, based on quarterly financial data. See XL Axiata Tbk PT (EXCL) net asset quality to measure how much of total assets are equity-financed.

Annual Net Assets for XL Axiata Tbk PT (2000–2024)

The table below shows the annual net assets of XL Axiata Tbk PT from 2000 to 2024. For live market cap and overall valuation, see market cap of XL Axiata Tbk PT.

Year	Net Assets	Change
2024-12-31	Rp26.22 Trillion ≈ $1.54 Billion	-1.07%
2023-12-31	Rp26.50 Trillion ≈ $1.55 Billion	+2.83%
2022-12-31	Rp25.77 Trillion ≈ $1.51 Billion	+28.30%
2021-12-31	Rp20.09 Trillion ≈ $1.18 Billion	+4.97%
2020-12-31	Rp19.14 Trillion ≈ $1.12 Billion	+0.08%
2019-12-31	Rp19.12 Trillion ≈ $1.12 Billion	+4.25%
2018-12-31	Rp18.34 Trillion ≈ $1.07 Billion	-15.20%
2017-12-31	Rp21.63 Trillion ≈ $1.27 Billion	+1.99%
2016-12-31	Rp21.21 Trillion ≈ $1.24 Billion	+50.51%
2015-12-31	Rp14.09 Trillion ≈ $825.71 Million	+0.94%
2014-12-31	Rp13.96 Trillion ≈ $818.04 Million	-8.75%
2013-12-31	Rp15.30 Trillion ≈ $896.53 Million	-0.45%
2012-12-31	Rp15.37 Trillion ≈ $900.62 Million	+12.25%
2011-12-31	Rp13.69 Trillion ≈ $802.33 Million	+16.88%
2010-12-31	Rp11.72 Trillion ≈ $686.46 Million	+33.08%
2009-12-31	Rp8.80 Trillion ≈ $515.83 Million	+104.35%
2008-12-31	Rp4.31 Trillion ≈ $252.43 Million	-3.51%
2007-12-31	Rp4.46 Trillion ≈ $261.62 Million	+4.29%
2006-12-31	Rp4.28 Trillion ≈ $250.86 Million	+17.96%
2005-12-31	Rp3.63 Trillion ≈ $212.66 Million	+252.12%
2004-12-31	Rp1.03 Trillion ≈ $60.39 Million	-5.32%
2003-12-31	Rp1.09 Trillion ≈ $63.79 Million	+58.25%
2002-12-31	Rp687.93 Billion ≈ $40.31 Million	+1342.83%
2001-12-31	Rp-55.35 Billion ≈ $-3.24 Million	+72.66%
2000-12-31	Rp-202.44 Billion ≈ $-11.86 Million	--

Equity Component Analysis

This analysis shows how different components contribute to XL Axiata Tbk PT'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 8508.6% over the analyzed period, indicating profitable operations and earnings retention.

XL Axiata Tbk PT Net Assets Breakdown (December 2024)

XL Axiata Tbk PT net assets breakdown by equity component as of December 2024.

Component	Amount	Percentage
Retained Earnings	Rp9.47 Trillion	36.32%
Common Stock	Rp1.31 Trillion	5.04%
Other Comprehensive Income	Rp1.40 Billion	0.01%
Other Components	Rp15.28 Trillion	58.64%
Total Equity	Rp26.06 Trillion	100.00%

XL Axiata Tbk PT Competitors by Market Cap

The table below lists competitors of XL Axiata Tbk PT ranked by their market capitalization.

Company	Market Cap
Jinko Power Technology Co Ltd SHG:601778	$1.72 Billion
HC Semitek Corp SHE:300323	$1.72 Billion
Wuhan Yangtze Communication Industry Group Co Ltd SHG:600345	$1.72 Billion
Austevoll Seafood ASA OL:AUSS	$1.72 Billion
Shaanxi Ligeance Mineral Resources Co Ltd SHE:000697	$1.72 Billion
Atalaya Mining Ltd F:E5S1	$1.72 Billion
1st Source Corporation NASDAQ:SRCE	$1.72 Billion
Guobang Pharma Ltd SHG:605507	$1.72 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in XL Axiata Tbk PT's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 26,360,361,000,000 to 26,060,392,000,000, a change of -299,969,000,000 (-1.1%).
Net income of 1,819,019,000,000 contributed positively to equity growth.
Dividend payments of 646,346,000,000 reduced retained earnings.
Other comprehensive income increased equity by 100,000,000.
Other factors decreased equity by 1,472,742,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Rp1.82 Trillion	+6.98%
Dividends Paid	Rp646.35 Billion	-2.48%
Other Comprehensive Income	Rp100.00 Million	+0.0%
Other Changes	Rp-1.47 Trillion	-5.65%
Total Change	Rp-	-1.14%

Book Value vs Market Value Analysis

This analysis compares XL Axiata Tbk PT'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: 0.86x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 9.58x to 0.86x 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	Rp179.54	Rp1720.00	x
2005-12-31	Rp593.67	Rp1720.00	x
2006-12-31	Rp595.62	Rp1720.00	x
2007-12-31	Rp621.16	Rp1720.00	x
2008-12-31	Rp599.33	Rp1720.00	x
2009-12-31	Rp1204.27	Rp1720.00	x
2010-12-31	Rp1358.21	Rp1720.00	x
2011-12-31	Rp1586.12	Rp1720.00	x
2012-12-31	Rp1778.64	Rp1720.00	x
2013-12-31	Rp1768.82	Rp1720.00	x
2014-12-31	Rp1625.83	Rp1720.00	x
2015-12-31	Rp1627.68	Rp1720.00	x
2016-12-31	Rp2125.37	Rp1720.00	x
2017-12-31	Rp2023.85	Rp1720.00	x
2018-12-31	Rp1716.24	Rp1720.00	x
2019-12-31	Rp1789.11	Rp1720.00	x
2020-12-31	Rp1794.34	Rp1720.00	x
2021-12-31	Rp1883.05	Rp1720.00	x
2022-12-31	Rp2391.04	Rp1720.00	x
2023-12-31	Rp2016.56	Rp1720.00	x
2024-12-31	Rp1993.61	Rp1720.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently XL Axiata Tbk PT 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): 6.98%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.29%
• Asset Turnover: 0.40x
• Equity Multiplier: 3.31x
Recent ROE (6.98%) is below the historical average (10.93%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	108.05%	29.93%	0.52x	6.90x	Rp674.49 Billion
2003	36.81%	15.27%	0.47x	5.09x	Rp291.86 Billion
2004	-4.40%	-1.75%	0.40x	6.28x	Rp-148.37 Billion
2005	-6.17%	-7.33%	0.33x	2.58x	Rp-587.02 Billion
2006	15.23%	13.92%	0.37x	2.95x	Rp223.76 Billion
2007	5.62%	3.14%	0.42x	4.22x	Rp-195.70 Billion
2008	-0.35%	-0.13%	0.42x	6.71x	Rp-445.90 Billion
2009	19.42%	12.47%	0.50x	3.11x	Rp829.16 Billion
2010	24.68%	16.56%	0.64x	2.33x	Rp1.72 Trillion
2011	20.67%	15.12%	0.60x	2.28x	Rp1.46 Trillion
2012	17.99%	13.18%	0.59x	2.31x	Rp1.23 Trillion
2013	6.75%	4.86%	0.53x	2.63x	Rp-497.20 Billion
2014	-6.38%	-3.80%	0.37x	4.56x	Rp-2.29 Trillion
2015	-0.18%	-0.11%	0.39x	4.18x	Rp-1.43 Trillion
2016	1.77%	1.76%	0.39x	2.59x	Rp-1.75 Trillion
2017	1.73%	1.64%	0.41x	2.60x	Rp-1.79 Trillion
2018	-17.97%	-14.37%	0.40x	3.14x	Rp-5.13 Trillion
2019	3.73%	2.84%	0.40x	3.28x	Rp-1.20 Trillion
2020	1.94%	1.43%	0.38x	3.54x	Rp-1.54 Trillion
2021	6.41%	4.81%	0.37x	3.62x	Rp-721.07 Billion
2022	4.33%	3.81%	0.33x	3.40x	Rp-1.45 Trillion
2023	4.82%	3.93%	0.37x	3.33x	Rp-1.36 Trillion
2024	6.98%	5.29%	0.40x	3.31x	Rp-787.02 Billion

Industry Comparison

This section compares XL Axiata Tbk PT's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $1,116,391,569,904
Average return on equity (ROE) among peers: 5.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
XL Axiata Tbk PT (EXCL)	Rp32.00 Trillion	108.05%	2.43x	$1.72 Billion
Bali Towerindo Sentra Tbk (BALI)	$2.44 Trillion	8.68%	1.13x	$304.33 Million
Centratama Telekomunikasi Ind (CENT)	$75.53 Billion	5.48%	0.10x	$124.25 Million
Indoritel Makmur Internasional (DNET)	$14.93 Billion	1.26%	0.16x	$8.25 Billion
Smartfren Telecom Tbk (FREN)	$1.59 Trillion	2.21%	0.91x	$1.36 Million
Gihon Telekomunikasi Indonesia Tbk PT (GHON)	$780.81 Billion	11.62%	0.48x	$52.05 Million
Inti Bangun Sejahtera Tbk (IBST)	$3.04 Trillion	7.61%	0.26x	$670.86 Million
Indosat Tbk (ISAT)	$1.92 Trillion	21.29%	0.17x	$2.58 Billion
Jasnita Telekomindo Tbk PT (JAST)	$48.75 Billion	-16.29%	1.07x	$4.44 Million
LCK Global Kedaton (LCKM)	$128.42 Billion	3.74%	0.12x	$6.39 Million

About XL Axiata Tbk PT

JK:EXCL Indonesia Telecom Services

Market Cap

$1.72 Billion

Rp29.42 Trillion IDR

Market Cap Rank

#6407 Global

#51 in Indonesia

Share Price

Rp1720.00

Change (1 day)

+5.85%

52-Week Range

Rp1625.00 - Rp4490.00

All Time High

Rp4490.00