Gema Grahasarana Tbk (GEMA) - Net Assets
Based on the latest financial reports, Gema Grahasarana Tbk (GEMA) has net assets worth Rp424.51 Billion IDR (≈ $24.87 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.14 Trillion ≈ $66.53 Million USD) and total liabilities (Rp710.90 Billion ≈ $41.66 Million 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. Check Gema Grahasarana Tbk liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp424.51 Billion |
| % of Total Assets | 37.39% |
| Annual Growth Rate | 10.62% |
| 5-Year Change | 14.82% |
| 10-Year Change | 126.28% |
| Growth Volatility | 25.03 |
Gema Grahasarana Tbk - Net Assets Trend (2002–2024)
This chart illustrates how Gema Grahasarana Tbk's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Gema Grahasarana Tbk for the complete picture of this company's asset base.
Annual Net Assets for Gema Grahasarana Tbk (2002–2024)
The table below shows the annual net assets of Gema Grahasarana Tbk from 2002 to 2024. For live valuation and market cap data, see Gema Grahasarana Tbk market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp425.80 Billion ≈ $24.95 Million |
+6.12% |
| 2023-12-31 | Rp401.24 Billion ≈ $23.51 Million |
+2.45% |
| 2022-12-31 | Rp391.65 Billion ≈ $22.95 Million |
+0.30% |
| 2021-12-31 | Rp390.48 Billion ≈ $22.88 Million |
+5.29% |
| 2020-12-31 | Rp370.84 Billion ≈ $21.73 Million |
-9.17% |
| 2019-12-31 | Rp408.27 Billion ≈ $23.92 Million |
-4.17% |
| 2018-12-31 | Rp426.04 Billion ≈ $24.96 Million |
+4.96% |
| 2017-12-31 | Rp405.92 Billion ≈ $23.79 Million |
+2.64% |
| 2016-12-31 | Rp395.46 Billion ≈ $23.17 Million |
+110.16% |
| 2015-12-31 | Rp188.17 Billion ≈ $11.03 Million |
+13.10% |
| 2014-12-31 | Rp166.38 Billion ≈ $9.75 Million |
+10.43% |
| 2013-12-31 | Rp150.66 Billion ≈ $8.83 Million |
+6.04% |
| 2012-12-31 | Rp142.07 Billion ≈ $8.32 Million |
+25.36% |
| 2011-12-31 | Rp113.33 Billion ≈ $6.64 Million |
+30.82% |
| 2010-12-31 | Rp86.63 Billion ≈ $5.08 Million |
+43.22% |
| 2009-12-31 | Rp60.49 Billion ≈ $3.54 Million |
+14.85% |
| 2008-12-31 | Rp52.67 Billion ≈ $3.09 Million |
-9.86% |
| 2007-12-31 | Rp58.43 Billion ≈ $3.42 Million |
+16.80% |
| 2006-12-31 | Rp50.03 Billion ≈ $2.93 Million |
+15.72% |
| 2005-12-31 | Rp43.23 Billion ≈ $2.53 Million |
+9.60% |
| 2004-12-31 | Rp39.44 Billion ≈ $2.31 Million |
+2.92% |
| 2003-12-31 | Rp38.32 Billion ≈ $2.25 Million |
-17.06% |
| 2002-12-31 | Rp46.20 Billion ≈ $2.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gema Grahasarana 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 4217.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp281.29 Billion | 64.84% |
| Common Stock | Rp32.00 Billion | 7.38% |
| Other Comprehensive Income | Rp112.61 Billion | 25.96% |
| Other Components | Rp7.94 Billion | 1.83% |
| Total Equity | Rp433.84 Billion | 100.00% |
Gema Grahasarana Tbk Competitors by Market Cap
The table below lists competitors of Gema Grahasarana Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TruCap Finance Limited
NSE:TRU
|
$8.25 Million |
|
Peppermint Innovation Ltd
AU:PIL
|
$8.25 Million |
|
SINTEZA S.A.
RO:STZ
|
$8.26 Million |
|
Grizzly Discoveries Inc
V:GZD
|
$8.26 Million |
|
LabGenomics Co. Ltd
KQ:084650
|
$8.25 Million |
|
Airway
WAR:AWM
|
$8.24 Million |
|
TG-17, Inc. Common Stock
NASDAQ:OBAI
|
$8.24 Million |
|
Accord Financial Corp.
TO:ACD
|
$8.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gema Grahasarana Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 409,292,202,374 to 433,838,172,000, a change of 24,545,969,626 (6.0%).
- Net income of 18,330,954,000 contributed positively to equity growth.
- Dividend payments of 8,000,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,675,080,934.
- Other factors increased equity by 15,890,096,560.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp18.33 Billion | +4.23% |
| Dividends Paid | Rp8.00 Billion | -1.84% |
| Other Comprehensive Income | Rp-1.68 Billion | -0.39% |
| Other Changes | Rp15.89 Billion | +3.66% |
| Total Change | Rp- | 6.00% |
Book Value vs Market Value Analysis
This analysis compares Gema Grahasarana 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: 0.32x
- 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 2.33x to 0.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | Rp37.73 | Rp88.00 | x |
| 2010-12-31 | Rp53.97 | Rp88.00 | x |
| 2011-12-31 | Rp70.64 | Rp88.00 | x |
| 2012-12-31 | Rp88.55 | Rp88.00 | x |
| 2013-12-31 | Rp93.91 | Rp88.00 | x |
| 2014-12-31 | Rp103.78 | Rp88.00 | x |
| 2015-12-31 | Rp117.38 | Rp88.00 | x |
| 2016-12-31 | Rp246.67 | Rp88.00 | x |
| 2017-12-31 | Rp1266.93 | Rp88.00 | x |
| 2018-12-31 | Rp266.09 | Rp88.00 | x |
| 2019-12-31 | Rp241.29 | Rp88.00 | x |
| 2020-12-31 | Rp237.22 | Rp88.00 | x |
| 2021-12-31 | Rp249.36 | Rp88.00 | x |
| 2022-12-31 | Rp249.79 | Rp88.00 | x |
| 2023-12-31 | Rp255.81 | Rp88.00 | x |
| 2024-12-31 | Rp271.15 | Rp88.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gema Grahasarana 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): 4.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.28%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 2.75x
- Recent ROE (4.23%) is below the historical average (9.94%), 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 | 10.48% | 5.16% | 1.32x | 1.54x | Rp221.92 Million |
| 2004 | 2.83% | 0.91% | 1.18x | 2.63x | Rp-2.83 Billion |
| 2005 | 10.08% | 1.77% | 1.12x | 5.09x | Rp35.81 Million |
| 2006 | 13.58% | 2.19% | 1.24x | 4.99x | Rp1.79 Billion |
| 2007 | 14.37% | 2.25% | 1.13x | 5.64x | Rp2.55 Billion |
| 2009 | 9.59% | 1.52% | 1.19x | 5.29x | Rp-248.55 Million |
| 2010 | 30.10% | 5.80% | 1.29x | 4.03x | Rp17.35 Billion |
| 2011 | 24.45% | 5.33% | 1.38x | 3.31x | Rp16.34 Billion |
| 2012 | 20.22% | 4.79% | 1.39x | 3.03x | Rp14.48 Billion |
| 2013 | 12.31% | 2.81% | 1.74x | 2.51x | Rp3.47 Billion |
| 2014 | 10.85% | 2.85% | 1.50x | 2.53x | Rp1.42 Billion |
| 2015 | 13.24% | 2.97% | 1.87x | 2.38x | Rp6.08 Billion |
| 2016 | 7.78% | 3.26% | 1.38x | 1.73x | Rp-8.75 Billion |
| 2017 | 5.89% | 2.70% | 1.09x | 2.00x | Rp-16.65 Billion |
| 2018 | 5.08% | 1.84% | 1.19x | 2.32x | Rp-20.95 Billion |
| 2019 | 6.69% | 1.09% | 2.47x | 2.49x | Rp-12.76 Billion |
| 2020 | 0.33% | 0.13% | 1.01x | 2.56x | Rp-36.69 Billion |
| 2021 | 3.22% | 1.16% | 1.04x | 2.67x | Rp-27.05 Billion |
| 2022 | 0.17% | 0.06% | 1.01x | 2.74x | Rp-39.27 Billion |
| 2023 | 3.33% | 1.08% | 1.15x | 2.69x | Rp-27.29 Billion |
| 2024 | 4.23% | 1.28% | 1.20x | 2.75x | Rp-25.05 Billion |
Industry Comparison
This section compares Gema Grahasarana Tbk's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $465,269,991,063
- Average return on equity (ROE) among peers: 5.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gema Grahasarana Tbk (GEMA) | Rp424.51 Billion | 10.48% | 1.67x | $8.25 Million |
| Cahaya Bintang Medan Tbk Pt (CBMF) | $249.25 Billion | 2.12% | 0.38x | $5.49 Million |
| Chitose Internasional Tbk (CINT) | $76.83 Billion | 30.13% | 0.55x | $11.60 Million |
| Kedaung Indah Can Tbk (KICI) | $58.59 Billion | 0.00% | 1.39x | $3.49 Million |
| Imago Mulia Persada Tbk PT (LFLO) | $11.94 Billion | 11.57% | 2.15x | $40.23 Million |
| Langgeng Makmur Industri Tbk (LMPI) | $228.01 Billion | -6.30% | 2.09x | $9.93 Million |
| Panca Anugrah Wisesa Tbk PT (MGLV) | $34.56 Billion | 7.83% | 1.38x | $920.85 Million |
| Oscar Mitra Sukses Sejahtera Tbk PT (OLIV) | $45.35 Billion | -12.29% | 0.17x | $6.35 Million |
| PT Surya Pertiwi Tbk (SPTO) | $2.05 Trillion | 9.60% | 0.53x | $94.13 Million |
| Integra Indocabinet Tbk PT (WOOD) | $1.43 Trillion | 9.84% | 1.16x | $110.85 Million |
About Gema Grahasarana Tbk
PT Gema Grahasarana Tbk operates as an interior contractor and furniture manufacturer and distributor in Indonesia and internationally. The company operates through Interior, Furniture, Mechanical and Electrical; and Distribution and Trade segments. It offers interior fit-outs, furniture and panel manufacturing, mechanical and electrical installation, maintenance, and logistics services. The comp… Read more