Jasa Armada Indonesia Tbk PT (IPCM) - Net Assets
Based on the latest financial reports, Jasa Armada Indonesia Tbk PT (IPCM) has net assets worth Rp1.36 Trillion IDR (≈ $79.68 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.73 Trillion ≈ $101.37 Million USD) and total liabilities (Rp370.13 Billion ≈ $21.69 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 Jasa Armada Indonesia Tbk PT (IPCM) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp1.36 Trillion |
| % of Total Assets | 78.6% |
| Annual Growth Rate | 25.91% |
| 5-Year Change | 17.59% |
| 10-Year Change | 303.82% |
| Growth Volatility | 68.54 |
Jasa Armada Indonesia Tbk PT - Net Assets Trend (2014–2025)
This chart illustrates how Jasa Armada Indonesia Tbk PT's net assets have evolved over time, based on quarterly financial data. Also explore IPCM current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Jasa Armada Indonesia Tbk PT (2014–2025)
The table below shows the annual net assets of Jasa Armada Indonesia Tbk PT from 2014 to 2025. For live valuation and market cap data, see IPCM market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp1.36 Trillion ≈ $79.68 Million |
+5.48% |
| 2024-12-31 | Rp1.29 Trillion ≈ $75.54 Million |
+3.92% |
| 2023-12-31 | Rp1.24 Trillion ≈ $72.69 Million |
+3.68% |
| 2022-12-31 | Rp1.20 Trillion ≈ $70.11 Million |
+3.47% |
| 2021-12-31 | Rp1.16 Trillion ≈ $67.76 Million |
+5.93% |
| 2020-12-31 | Rp1.09 Trillion ≈ $63.97 Million |
+1.13% |
| 2019-12-31 | Rp1.08 Trillion ≈ $63.25 Million |
+3.67% |
| 2018-12-31 | Rp1.04 Trillion ≈ $61.01 Million |
+3.70% |
| 2017-12-31 | Rp1.00 Trillion ≈ $58.83 Million |
+198.16% |
| 2016-12-31 | Rp336.73 Billion ≈ $19.73 Million |
+17.62% |
| 2015-12-31 | Rp286.28 Billion ≈ $16.77 Million |
+165.60% |
| 2014-12-31 | Rp107.79 Billion ≈ $6.32 Million |
-- |
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 599.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp348.48 Billion | 25.63% |
| Common Stock | Rp528.48 Billion | 38.86% |
| Other Comprehensive Income | Rp163.86 Billion | 12.05% |
| Other Components | Rp318.98 Billion | 23.46% |
| Total Equity | Rp1.36 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 |
|---|---|
|
Intellicheck Mobilisa Inc
NASDAQ:IDN
|
$99.81 Million |
|
Many Peaks Minerals Ltd
AU:MPK
|
$99.82 Million |
|
ATW Technology Inc
TWO:8097
|
$99.91 Million |
|
Dual Co Ltd
KO:016740
|
$99.94 Million |
|
Wieson Technologies Co Ltd
TWO:6272
|
$99.69 Million |
|
Maiden Holdings Ltd
F:4OWA
|
$99.64 Million |
|
Shanghai Broadband Technology Co Ltd
SHG:600608
|
$99.61 Million |
|
SYN-Tech Chem & Pharm Co Ltd
TWO:1777
|
$99.61 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 2024 to 2025, total equity changed from 1,289,110,177,000 to 1,359,794,178,000, a change of 70,684,001,000 (5.5%).
- Net income of 196,437,892,000 contributed positively to equity growth.
- Dividend payments of 125,165,015,000 reduced retained earnings.
- New share issuances of 2,612,562,000 increased equity.
- Other comprehensive income increased equity by 5,435,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp196.44 Billion | +14.45% |
| Dividends Paid | Rp125.17 Billion | -9.2% |
| Share Issuances | Rp2.61 Billion | +0.19% |
| Other Comprehensive Income | Rp5.44 Billion | +0.4% |
| Other Changes | Rp-8.64 Billion | -0.64% |
| Total Change | Rp- | 5.48% |
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: 1.25x
- 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 1.25x 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 |
| 2025-12-31 | Rp257.64 | 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): 14.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.32%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.27x
- Recent ROE (14.45%) is below the historical average (21.12%), 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 |
| 2025 | 14.45% | 13.32% | 0.85x | 1.27x | Rp60.46 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: $103,979,513,591
- Average return on equity (ROE) among peers: 7.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jasa Armada Indonesia Tbk PT (IPCM) | Rp1.36 Trillion | 46.57% | 0.27x | $99.71 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 |
| Tanah Laut Tbk (INDX) | $45.49 Billion | 32.64% | 2.31x | $2.67 Million |
About Jasa Armada Indonesia Tbk PT
PT Jasa Armada Indonesia Tbk offers sea transportation services in Indonesia. The company provides sea port services; domestic and international sea transportation, river and lake transportation, sea transportation in port waters; warehousing and storage; machine repair; and cargo handling services. It also offers vessel, freight, and fleet management services. The company was founded in 1960 and… Read more