Tanah Laut Tbk (INDX) - Net Assets

Latest as of June 2025: Rp24.48 Billion IDR ≈ $1.43 Million USD

Based on the latest financial reports, Tanah Laut Tbk (INDX) has net assets worth Rp24.48 Billion IDR (≈ $1.43 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp46.47 Billion ≈ $2.72 Million USD) and total liabilities (Rp21.99 Billion ≈ $1.29 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 INDX asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp24.48 Billion
% of Total Assets	52.67%
Annual Growth Rate	0.47%
5-Year Change	-46.88%
10-Year Change	-83.87%
Growth Volatility	53.83

Tanah Laut Tbk - Net Assets Trend (2000–2024)

This chart illustrates how Tanah Laut Tbk's net assets have evolved over time, based on quarterly financial data. Also explore INDX total asset value for the complete picture of this company's asset base.

Annual Net Assets for Tanah Laut Tbk (2000–2024)

The table below shows the annual net assets of Tanah Laut Tbk from 2000 to 2024. For live valuation and market cap data, see Tanah Laut Tbk stock valuation.

Year	Net Assets	Change
2024-12-31	Rp28.99 Billion ≈ $1.70 Million	-23.04%
2023-12-31	Rp37.67 Billion ≈ $2.21 Million	-14.53%
2022-12-31	Rp44.08 Billion ≈ $2.58 Million	-17.71%
2021-12-31	Rp53.57 Billion ≈ $3.14 Million	-1.87%
2020-12-31	Rp54.59 Billion ≈ $3.20 Million	-0.09%
2019-12-31	Rp54.64 Billion ≈ $3.20 Million	+1.31%
2018-12-31	Rp53.93 Billion ≈ $3.16 Million	-50.78%
2017-12-31	Rp109.58 Billion ≈ $6.42 Million	-32.30%
2016-12-31	Rp161.85 Billion ≈ $9.48 Million	-9.98%
2015-12-31	Rp179.80 Billion ≈ $10.54 Million	+0.91%
2014-12-31	Rp178.17 Billion ≈ $10.44 Million	+37.67%
2013-12-31	Rp129.42 Billion ≈ $7.58 Million	+184.51%
2012-12-31	Rp45.49 Billion ≈ $2.67 Million	+49.40%
2011-12-31	Rp30.45 Billion ≈ $1.78 Million	+7.61%
2010-12-31	Rp28.30 Billion ≈ $1.66 Million	+5.11%
2009-12-31	Rp26.92 Billion ≈ $1.58 Million	+824.31%
2008-12-31	Rp-3.72 Billion ≈ $-217.78K	-118.20%
2007-12-31	Rp-1.70 Billion ≈ $-99.81K	-126.88%
2006-12-31	Rp6.34 Billion ≈ $371.34K	-21.00%
2005-12-31	Rp8.02 Billion ≈ $470.05K	-34.88%
2004-12-31	Rp12.32 Billion ≈ $721.87K	-48.65%
2003-12-31	Rp23.99 Billion ≈ $1.41 Million	-18.05%
2002-12-31	Rp29.27 Billion ≈ $1.72 Million	-12.09%
2001-12-31	Rp33.30 Billion ≈ $1.95 Million	+28.66%
2000-12-31	Rp25.88 Billion ≈ $1.52 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Tanah Laut 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 7419510077100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	Rp21.90 Billion	75.53%
Other Comprehensive Income	Rp755.70 Million	2.61%
Other Components	Rp80.53 Billion	277.80%
Total Equity	Rp28.99 Billion	100.00%

Tanah Laut Tbk Competitors by Market Cap

The table below lists competitors of Tanah Laut Tbk ranked by their market capitalization.

Company	Market Cap
Golden Mile Resources Ltd AU:G88	$2.67 Million
ZIMI Ltd AU:ZMM	$2.68 Million
Olivers Real Food Ltd AU:OLI	$2.68 Million
Sherborne Investors Guernsey C Ltd LSE:SIGC	$2.68 Million
Traffic Technologies Ltd AU:TTI	$2.67 Million
CPT Global Ltd AU:CGO	$2.67 Million
AMMPOWER CORP. F:601A	$2.67 Million
Li Bang International Corporation Inc. Ordinary Shares NASDAQ:LBGJ	$2.67 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 37,669,000,305 to 28,989,900,383, a change of -8,679,099,922 (-23.0%).
Net loss of 8,830,853,000 reduced equity.
Other comprehensive income increased equity by 151,752,796.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Rp-8.83 Billion	-30.46%
Other Comprehensive Income	Rp151.75 Million	+0.52%
Other Changes	Rp282.00	+0.0%
Total Change	Rp-	-23.04%

Book Value vs Market Value Analysis

This analysis compares Tanah Laut 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: 1.57x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.72x to 1.57x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	Rp145.40	Rp104.00	x
2013-12-31	Rp354.61	Rp104.00	x
2014-12-31	Rp405.37	Rp104.00	x
2015-12-31	Rp408.71	Rp104.00	x
2016-12-31	Rp367.72	Rp104.00	x
2017-12-31	Rp247.55	Rp104.00	x
2018-12-31	Rp122.53	Rp104.00	x
2019-12-31	Rp124.76	Rp104.00	x
2020-12-31	Rp124.64	Rp104.00	x
2021-12-31	Rp122.31	Rp104.00	x
2022-12-31	Rp100.65	Rp104.00	x
2023-12-31	Rp86.02	Rp104.00	x
2024-12-31	Rp66.20	Rp104.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tanah Laut 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): -30.46%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -2829.24%
• Asset Turnover: 0.01x
• Equity Multiplier: 1.67x
Recent ROE (-30.46%) is below the historical average (-15.05%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	0.22%	0.36%	0.38x	1.59x	Rp-2.63 Billion
2010	3.71%	6.04%	0.51x	1.22x	Rp-1.78 Billion
2011	0.67%	1.02%	0.20x	3.29x	Rp-2.84 Billion
2012	32.65%	18.27%	0.54x	3.31x	Rp10.30 Billion
2013	12.44%	11.89%	0.92x	1.14x	Rp3.15 Billion
2014	26.96%	27.26%	0.96x	1.03x	Rp30.10 Billion
2015	1.03%	2.44%	0.41x	1.01x	Rp-16.06 Billion
2016	-11.00%	0.00%	0.00x	1.01x	Rp-33.82 Billion
2017	-53.27%	0.00%	0.00x	1.01x	Rp-68.59 Billion
2018	-184.80%	-3305.25%	0.06x	1.01x	Rp-104.52 Billion
2019	1.75%	19.90%	0.08x	1.12x	Rp-4.51 Billion
2020	0.09%	1.04%	0.08x	1.15x	Rp-5.41 Billion
2021	-1.96%	-21.86%	0.07x	1.22x	Rp-6.41 Billion
2022	-21.84%	-200.52%	0.08x	1.33x	Rp-14.03 Billion
2023	-16.98%	-439.31%	0.03x	1.39x	Rp-10.16 Billion
2024	-30.46%	-2829.24%	0.01x	1.67x	Rp-11.73 Billion

Industry Comparison

This section compares Tanah Laut Tbk's net assets metrics with peer companies in the Marine Shipping industry.

Industry Context

Industry: Marine Shipping
Average net assets among peers: $110,478,584,335
Average return on equity (ROE) among peers: 4.93%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tanah Laut Tbk (INDX)	Rp24.48 Billion	0.22%	0.90x	$2.67 Million
Pelayaran Nasional Bina Buana Raya (BBRM)	$69.16 Million	-11.36%	1.03x	$31.24 Million
Batulicin Nusantara Maritim Tbk PT (BESS)	$572.54 Billion	13.87%	0.20x	$227.80 Million
Berlian Laju Tanker Tbk PT (BLTA)	$353.01 Million	22.89%	5.23x	$57.72 Million
Bintang Samudera Mandiri Lines Tbk PT (BSML)	$51.19 Billion	0.84%	3.10x	$43.37 Million
Buana Listya Tama Tbk PT (BULL)	$101.58 Million	-41.02%	1.52x	$463.04 Million
Capitol Nusantara Indonesia (CANI)	$12.07 Million	0.00%	5.77x	$6.89 Million
GTS Internasional Tbk PT (GTSI)	$60.27 Million	22.04%	0.70x	$203.93 Million
Habco Trans Maritima (HATM)	$369.96 Billion	24.37%	0.18x	$155.64 Million
Humpuss Intermoda Transportasi (HITS)	$21.16 Million	12.76%	6.53x	$48.27 Million

About Tanah Laut Tbk

JK:INDX Indonesia Marine Shipping

Market Cap

$2.67 Million

Rp45.54 Billion IDR

Market Cap Rank

#29349 Global

#744 in Indonesia

Share Price

Rp104.00

Change (1 day)

-6.31%

52-Week Range

Rp68.00 - Rp250.00

All Time High

Rp482.00