Jasa Armada Indonesia Tbk PT
PT Jasa Armada Indonesia Tbk offers sea transportation services in Indonesia. The company provides pilotage, tug, dispatching, seaport service, domestic sea transportation, river and lake transportation for public goods and/or animals, domestic sea freight tramper for goods, overseas liner sea freight, vessel, and fleet management services. It also offers warehousing; river and lake transportatio… Read more
Jasa Armada Indonesia Tbk PT (IPCM) - Net Assets
Latest net assets as of September 2025: Rp1.32 Trillion IDR
Based on the latest financial reports, Jasa Armada Indonesia Tbk PT (IPCM) has net assets worth Rp1.32 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 (Rp1.73 Trillion) and total liabilities (Rp404.39 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 | Rp1.32 Trillion |
| % of Total Assets | 76.61% |
| Annual Growth Rate | 28.16% |
| 5-Year Change | 18.09% |
| 10-Year Change | 350.3% |
| Growth Volatility | 71.1 |
Jasa Armada Indonesia Tbk PT - Net Assets Trend (2014–2024)
This chart illustrates how Jasa Armada Indonesia Tbk PT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jasa Armada Indonesia Tbk PT (2014–2024)
The table below shows the annual net assets of Jasa Armada Indonesia Tbk PT from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp1.29 Trillion | +3.92% |
| 2023-12-31 | Rp1.24 Trillion | +3.68% |
| 2022-12-31 | Rp1.20 Trillion | +3.47% |
| 2021-12-31 | Rp1.16 Trillion | +5.93% |
| 2020-12-31 | Rp1.09 Trillion | +1.13% |
| 2019-12-31 | Rp1.08 Trillion | +3.67% |
| 2018-12-31 | Rp1.04 Trillion | +3.70% |
| 2017-12-31 | Rp1.00 Trillion | +198.16% |
| 2016-12-31 | Rp336.73 Billion | +17.62% |
| 2015-12-31 | Rp286.28 Billion | +165.60% |
| 2014-12-31 | Rp107.79 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jasa Armada Indonesia 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 474.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp285.84 Billion | 22.17% |
| Common Stock | Rp528.48 Billion | 41.00% |
| Other Comprehensive Income | Rp158.42 Billion | 12.29% |
| Other Components | Rp316.36 Billion | 24.54% |
| Total Equity | Rp1.29 Trillion | 100.00% |
Jasa Armada Indonesia Tbk PT Competitors by Market Cap
The table below lists competitors of Jasa Armada Indonesia Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BAHADIR KIMYA
IS:BAHKM
|
$23.86 Million |
|
Red Pine Exploration Inc
OTCQB:RDEXF
|
$23.87 Million |
|
Ausquest Ltd
AU:AQD
|
$23.88 Million |
|
VRX Silica Ltd
AU:VRX
|
$23.88 Million |
|
Lion Copper and Gold Corp
OTCQB:LCGMF
|
$23.85 Million |
|
Malaysia Steel Works KL Bhd
KLSE:5098
|
$23.83 Million |
|
The Ugar Sugar Works Limited
NSE:UGARSUGAR
|
$23.83 Million |
|
UNITEKNO Co.Ltd
KQ:241690
|
$23.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jasa Armada Indonesia Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,240,519,740,000 to 1,289,110,177,000, a change of 48,590,437,000 (3.9%).
- Net income of 166,842,883,000 contributed positively to equity growth.
- Dividend payments of 98,200,715,000 reduced retained earnings.
- Other comprehensive income increased equity by 61,663,367,000.
- Other factors decreased equity by 81,715,098,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp166.84 Billion | +12.94% |
| Dividends Paid | Rp98.20 Billion | -7.62% |
| Other Comprehensive Income | Rp61.66 Billion | +4.78% |
| Other Changes | Rp-81.72 Billion | -6.34% |
| Total Change | Rp- | 3.92% |
Book Value vs Market Value Analysis
This analysis compares Jasa Armada Indonesia 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: 1.32x
- 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 1.09x to 1.32x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | Rp295.50 | Rp322.00 | x |
| 2015-12-31 | Rp493.59 | Rp322.00 | x |
| 2016-12-31 | Rp580.58 | Rp322.00 | x |
| 2017-12-31 | Rp704.64 | Rp322.00 | x |
| 2018-12-31 | Rp197.06 | Rp322.00 | x |
| 2019-12-31 | Rp204.25 | Rp322.00 | x |
| 2020-12-31 | Rp206.70 | Rp322.00 | x |
| 2021-12-31 | Rp219.15 | Rp322.00 | x |
| 2022-12-31 | Rp226.75 | Rp322.00 | x |
| 2023-12-31 | Rp235.09 | Rp322.00 | x |
| 2024-12-31 | Rp244.30 | Rp322.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jasa Armada Indonesia 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): 12.94%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.40%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.28x
- Recent ROE (12.94%) is below the historical average (21.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 46.57% | 20.22% | 0.78x | 2.94x | Rp39.42 Billion |
| 2015 | 72.87% | 23.87% | 1.74x | 1.75x | Rp179.98 Billion |
| 2016 | 34.76% | 14.14% | 1.38x | 1.78x | Rp83.39 Billion |
| 2017 | 11.99% | 16.13% | 0.55x | 1.35x | Rp20.01 Billion |
| 2018 | 6.99% | 10.01% | 0.63x | 1.11x | Rp-31.31 Billion |
| 2019 | 8.34% | 13.21% | 0.53x | 1.19x | Rp-17.89 Billion |
| 2020 | 7.35% | 11.52% | 0.49x | 1.29x | Rp-28.93 Billion |
| 2021 | 11.81% | 16.65% | 0.57x | 1.23x | Rp20.94 Billion |
| 2022 | 12.59% | 15.37% | 0.66x | 1.24x | Rp31.00 Billion |
| 2023 | 12.71% | 13.85% | 0.75x | 1.23x | Rp33.61 Billion |
| 2024 | 12.94% | 12.40% | 0.82x | 1.28x | Rp37.93 Billion |
Industry Comparison
This section compares Jasa Armada Indonesia Tbk PT's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $303,238,403,323
- Average return on equity (ROE) among peers: 20.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jasa Armada Indonesia Tbk PT (IPCM) | Rp1.32 Trillion | 46.57% | 0.31x | $23.85 Million |
| PT Ancara Logistics Indonesia (ALII) | $196.24 Billion | 96.37% | 5.20x | $150.19 Million |
| Pelayaran Nasional Bina Buana Raya (BBRM) | $56.71 Million | 12.36% | 1.47x | $5.32 Million |
| Batulicin Nusantara Maritim Tbk PT (BESS) | $61.00 Billion | 38.10% | 2.15x | $42.15 Million |
| Berlian Laju Tanker Tbk PT (BLTA) | $533.72 Million | 26.42% | 3.24x | $47.22 Million |
| Bintang Samudera Mandiri Lines Tbk PT (BSML) | $108.60 Billion | 14.75% | 1.49x | $6.83 Million |
| Buana Listya Tama Tbk PT (BULL) | $1.04 Trillion | 0.00% | 0.57x | $8.08 Million |
| Capitol Nusantara Indonesia (CANI) | $-238.38 Billion | 0.00% | 0.00x | $1.34 Million |
| PT Cakra Buana Resources Energ (CBRE) | $-947.22 Million | 0.00% | 0.00x | $47.72 Million |
| PT Pelayaran Nasional Ekalya P (ELPI) | $1.87 Trillion | 8.34% | 0.26x | $98.43 Million |
| GTS Internasional Tbk PT (GTSI) | $56.96 Million | 4.67% | 1.17x | $31.86 Million |