Pikko Land Development Tbk (RODA) - Net Assets
Based on the latest financial reports, Pikko Land Development Tbk (RODA) has net assets worth Rp2.05 Trillion IDR (≈ $120.01 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 (Rp3.21 Trillion ≈ $188.25 Million USD) and total liabilities (Rp1.16 Trillion ≈ $68.24 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. Also explore balance sheet size of Pikko Land Development Tbk for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp2.05 Trillion |
| % of Total Assets | 63.75% |
| Annual Growth Rate | 14.81% |
| 5-Year Change | -8.16% |
| 10-Year Change | -25.96% |
| Growth Volatility | 353.64 |
Pikko Land Development Tbk - Net Assets Trend (2001–2025)
This chart illustrates how Pikko Land Development Tbk's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of Pikko Land Development Tbk to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Pikko Land Development Tbk (2001–2025)
The table below shows the annual net assets of Pikko Land Development Tbk from 2001 to 2025. For live valuation and market cap data, see how much is Pikko Land Development Tbk worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp2.05 Trillion ≈ $120.01 Million |
-3.43% |
| 2024-12-31 | Rp2.12 Trillion ≈ $124.27 Million |
-2.64% |
| 2023-12-31 | Rp2.18 Trillion ≈ $127.64 Million |
-1.81% |
| 2022-12-31 | Rp2.22 Trillion ≈ $130.00 Million |
-0.52% |
| 2021-12-31 | Rp2.23 Trillion ≈ $130.68 Million |
+1.29% |
| 2020-12-31 | Rp2.20 Trillion ≈ $129.01 Million |
-9.47% |
| 2019-12-31 | Rp2.43 Trillion ≈ $142.50 Million |
-10.79% |
| 2018-12-31 | Rp2.73 Trillion ≈ $159.73 Million |
-0.34% |
| 2017-12-31 | Rp2.74 Trillion ≈ $160.28 Million |
-1.12% |
| 2016-12-31 | Rp2.77 Trillion ≈ $162.09 Million |
+10.30% |
| 2015-12-31 | Rp2.51 Trillion ≈ $146.96 Million |
+19.19% |
| 2014-12-31 | Rp2.10 Trillion ≈ $123.30 Million |
+22.26% |
| 2013-12-31 | Rp1.72 Trillion ≈ $100.85 Million |
+25.61% |
| 2012-12-31 | Rp1.37 Trillion ≈ $80.29 Million |
-3.38% |
| 2011-12-31 | Rp1.42 Trillion ≈ $83.10 Million |
+8.59% |
| 2010-12-31 | Rp1.31 Trillion ≈ $76.53 Million |
-0.68% |
| 2009-12-31 | Rp1.31 Trillion ≈ $77.05 Million |
-0.17% |
| 2008-12-31 | Rp1.32 Trillion ≈ $77.18 Million |
+1771.24% |
| 2007-12-31 | Rp70.39 Billion ≈ $4.12 Million |
-0.36% |
| 2006-12-31 | Rp70.64 Billion ≈ $4.14 Million |
+0.35% |
| 2005-12-31 | Rp70.40 Billion ≈ $4.12 Million |
-2.05% |
| 2004-12-31 | Rp71.87 Billion ≈ $4.21 Million |
-1.41% |
| 2003-12-31 | Rp72.90 Billion ≈ $4.27 Million |
-1.78% |
| 2002-12-31 | Rp74.22 Billion ≈ $4.35 Million |
-0.27% |
| 2001-12-31 | Rp74.42 Billion ≈ $4.36 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Pikko Land Development 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 4547.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp617.62 Billion | 32.93% |
| Common Stock | Rp1.36 Trillion | 72.47% |
| Other Comprehensive Income | Rp12.96 Billion | 0.69% |
| Total Equity | Rp1.88 Trillion | 100.00% |
Pikko Land Development Tbk Competitors by Market Cap
The table below lists competitors of Pikko Land Development Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ace Technologies Corp
KQ:088800
|
$52.58 Million |
|
HRS Co. Ltd
KQ:036640
|
$52.59 Million |
|
EURODRY LTD. DL -01
F:0LQ
|
$52.61 Million |
|
Toivo Group Oyj
HE:TOIVO
|
$52.62 Million |
|
Hankook Furniture Co. Ltd
KQ:004590
|
$52.55 Million |
|
Bougainville Copper Limited
F:BOU1
|
$52.52 Million |
|
Hansol Csn
KO:009180
|
$52.46 Million |
|
Visi Media Asia Tbk
JK:VIVA
|
$52.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pikko Land Development Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,944,153,909,000 to 1,875,611,631,000, a change of -68,542,278,000 (-3.5%).
- Net loss of 70,874,138,000 reduced equity.
- Other comprehensive income increased equity by 12,500,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-70.87 Billion | -3.78% |
| Other Comprehensive Income | Rp12.50 Billion | +0.67% |
| Other Changes | Rp-10.17 Billion | -0.54% |
| Total Change | Rp- | -3.53% |
Book Value vs Market Value Analysis
This analysis compares Pikko Land Development 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: 0.48x
- 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 0.67x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | Rp99.19 | Rp66.00 | x |
| 2009-12-31 | Rp99.07 | Rp66.00 | x |
| 2010-12-31 | Rp97.05 | Rp66.00 | x |
| 2011-12-31 | Rp96.98 | Rp66.00 | x |
| 2012-12-31 | Rp96.86 | Rp66.00 | x |
| 2013-12-31 | Rp118.75 | Rp66.00 | x |
| 2014-12-31 | Rp150.11 | Rp66.00 | x |
| 2015-12-31 | Rp168.26 | Rp66.00 | x |
| 2016-12-31 | Rp180.86 | Rp66.00 | x |
| 2017-12-31 | Rp177.37 | Rp66.00 | x |
| 2018-12-31 | Rp177.32 | Rp66.00 | x |
| 2019-12-31 | Rp165.99 | Rp66.00 | x |
| 2020-12-31 | Rp152.22 | Rp66.00 | x |
| 2021-12-31 | Rp153.06 | Rp66.00 | x |
| 2022-12-31 | Rp150.44 | Rp66.00 | x |
| 2023-12-31 | Rp147.71 | Rp66.00 | x |
| 2024-12-31 | Rp143.04 | Rp66.00 | x |
| 2025-12-31 | Rp137.99 | Rp66.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pikko Land Development 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): -3.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -45.54%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.71x
- Recent ROE (-3.78%) is below the historical average (2.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 10.54% | 546.39% | 0.02x | 1.28x | Rp402.18 Million |
| 2006 | 0.34% | 2.61% | 0.13x | 1.03x | Rp-6.82 Billion |
| 2008 | -0.07% | -8.70% | 0.01x | 1.01x | Rp-132.64 Billion |
| 2009 | 0.03% | 1.44% | 0.02x | 1.15x | Rp-129.56 Billion |
| 2010 | -0.72% | 0.00% | 0.00x | 1.01x | Rp-140.02 Billion |
| 2011 | 0.93% | 7.20% | 0.08x | 1.69x | Rp-119.59 Billion |
| 2012 | 5.36% | 33.54% | 0.09x | 1.85x | Rp-61.08 Billion |
| 2013 | 17.72% | 44.68% | 0.23x | 1.70x | Rp124.56 Billion |
| 2014 | 20.88% | 62.20% | 0.22x | 1.50x | Rp222.04 Billion |
| 2015 | 10.68% | 23.14% | 0.33x | 1.41x | Rp15.59 Billion |
| 2016 | 0.03% | 0.14% | 0.15x | 1.39x | Rp-245.12 Billion |
| 2017 | 0.81% | 6.72% | 0.08x | 1.47x | Rp-221.51 Billion |
| 2018 | 0.06% | 0.66% | 0.06x | 1.65x | Rp-239.47 Billion |
| 2019 | -6.84% | -48.27% | 0.08x | 1.73x | Rp-379.96 Billion |
| 2020 | -6.15% | -111.44% | 0.03x | 1.90x | Rp-334.09 Billion |
| 2021 | 0.36% | 1.46% | 0.14x | 1.75x | Rp-200.58 Billion |
| 2022 | -1.76% | -19.51% | 0.05x | 1.73x | Rp-240.46 Billion |
| 2023 | -1.76% | -34.65% | 0.03x | 1.69x | Rp-236.05 Billion |
| 2024 | -3.19% | -73.30% | 0.03x | 1.73x | Rp-256.34 Billion |
| 2025 | -3.78% | -45.54% | 0.05x | 1.71x | Rp-258.44 Billion |
Industry Comparison
This section compares Pikko Land Development Tbk's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,736,968,741,454
- Average return on equity (ROE) among peers: 4.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pikko Land Development Tbk (RODA) | Rp2.05 Trillion | 10.54% | 0.57x | $52.57 Million |
| Adhi Commuter Properti Tbk PT (ADCP) | $1.20 Trillion | 5.38% | 1.11x | $65.11 Million |
| Makmur Berkah Amanda Pt (AMAN) | $652.28 Billion | 5.50% | 0.48x | $57.20 Million |
| Agung Podomoro Land Tbk (APLN) | $307.90 Billion | 2.24% | 1.99x | $171.58 Million |
| Alam Sutera Realty Tbk (ASRI) | $9.55 Trillion | 10.16% | 1.19x | $142.77 Million |
| Bekasi Asri Pemula Tbk (BAPA) | $92.50 Billion | 5.43% | 0.90x | $6.17 Million |
| Bhakti Agung Propertindo (BAPI) | $398.35 Billion | -5.69% | 0.72x | $5.90 Million |
| Bumi Citra Permai Tbk (BCIP) | $225.32 Billion | 14.37% | 0.92x | $5.19 Million |
| Binakarya Jaya Abadi Tbk PT (BIKA) | $614.17 Billion | -4.07% | 2.84x | $1.91 Million |
| Sentul City Tbk (BKSL) | $2.25 Trillion | 3.80% | 0.12x | $1.63 Million |
| Bumi Serpong Damai Tbk (BSDE) | $2.08 Trillion | 10.77% | 1.11x | $741.39 Million |
About Pikko Land Development Tbk
PT Pikko Land Development Tbk develops and sells real estate properties in Indonesia. It also invests in shares of stocks, as well as various property assets, such as land and apartment units. PT Pikko Land Development Tbk was formerly known as PT Royal Oak Development Asia Tbk and changed its name to PT Pikko Land Development Tbk in October 2012. The company was founded in 1984 and is headquarte… Read more