Trada Maritime Tbk (TRAM) - Net Assets

Latest as of June 2024: Rp6.28 Trillion IDR ≈ $368.01 Million USD

Based on the latest financial reports, Trada Maritime Tbk (TRAM) has net assets worth Rp6.28 Trillion IDR (≈ $368.01 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp7.59 Trillion ≈ $444.90 Million USD) and total liabilities (Rp1.31 Trillion ≈ $76.89 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 asset resilience ratio of Trada Maritime Tbk to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp6.28 Trillion
% of Total Assets	82.72%
Annual Growth Rate	25.24%
5-Year Change	10.72%
10-Year Change	349.37%
Growth Volatility	151.97

Trada Maritime Tbk - Net Assets Trend (2005–2023)

This chart illustrates how Trada Maritime Tbk's net assets have evolved over time, based on quarterly financial data. Also explore TRAM asset base for the complete picture of this company's asset base.

Annual Net Assets for Trada Maritime Tbk (2005–2023)

The table below shows the annual net assets of Trada Maritime Tbk from 2005 to 2023. For live valuation and market cap data, see TRAM market cap.

Year	Net Assets	Change
2023-12-31	Rp5.87 Trillion ≈ $343.72 Million	+343.93%
2020-12-31	Rp1.32 Trillion ≈ $77.43 Million	-46.01%
2019-12-31	Rp2.45 Trillion ≈ $143.41 Million	-53.89%
2018-12-31	Rp5.31 Trillion ≈ $310.99 Million	+0.18%
2017-12-31	Rp5.30 Trillion ≈ $310.44 Million	+79904.66%
2016-12-31	Rp-6.64 Billion ≈ $-389.00K	-101.66%
2015-12-31	Rp400.75 Billion ≈ $23.48 Million	-69.35%
2014-12-31	Rp1.31 Trillion ≈ $76.62 Million	-22.94%
2013-12-31	Rp1.70 Trillion ≈ $99.43 Million	+29.99%
2012-12-31	Rp1.31 Trillion ≈ $76.49 Million	-13.89%
2011-12-31	Rp1.52 Trillion ≈ $88.83 Million	+18.65%
2010-12-31	Rp1.28 Trillion ≈ $74.87 Million	+9.20%
2009-12-31	Rp1.17 Trillion ≈ $68.56 Million	+15.93%
2008-12-31	Rp1.01 Trillion ≈ $59.14 Million	+481.88%
2007-12-31	Rp173.45 Billion ≈ $10.16 Million	+27.21%
2006-12-31	Rp136.35 Billion ≈ $7.99 Million	+33.50%
2005-12-31	Rp102.13 Billion ≈ $5.98 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Trada Maritime 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 1634.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component	Amount	Percentage
Retained Earnings	Rp1.75 Trillion	29.91%
Common Stock	Rp2.11 Trillion	36.05%
Other Comprehensive Income	Rp-27.54 Billion	-0.47%
Other Components	Rp2.02 Trillion	34.51%
Total Equity	Rp5.87 Trillion	100.00%

Trada Maritime Tbk Competitors by Market Cap

The table below lists competitors of Trada Maritime Tbk ranked by their market capitalization.

Company	Market Cap
Serviceware SE F:SJJ	$145.47 Million
LG Corp Preferred KO:003555	$145.50 Million
Gesco AG XETRA:GSC1	$145.63 Million
CSU Digital S.A. SA:CSUD3	$145.64 Million
GEVORKYAN as PR:GEV	$145.41 Million
Komplett AS OL:KOMPL	$145.39 Million
Mersana Therapeutics Inc NASDAQ:MRSN	$145.36 Million
Wam Strategic Value Ltd AU:WAR	$145.29 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2020 to 2023, total equity changed from 1,225,211,692,000 to 5,865,811,167,444, a change of 4,640,599,475,444 (378.8%).
Net income of 1,159,961,090,328 contributed positively to equity growth.
Dividend payments of 293,647,615,476 reduced retained earnings.
Other comprehensive income decreased equity by 27,540,795,888.
Other factors increased equity by 3,801,826,796,480.

Equity Change Factors (2020 to 2023)

Factor	Impact	Contribution
Net Income	Rp1.16 Trillion	+19.77%
Dividends Paid	Rp293.65 Billion	-5.01%
Other Comprehensive Income	Rp-27.54 Billion	-0.47%
Other Changes	Rp3.80 Trillion	+64.81%
Total Change	Rp-	378.76%

Book Value vs Market Value Analysis

This analysis compares Trada Maritime 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: 0.08x
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 4.41x to 0.08x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	Rp11.33	Rp50.00	x
2006-12-31	Rp15.13	Rp50.00	x
2007-12-31	Rp19.25	Rp50.00	x
2008-12-31	Rp192.36	Rp50.00	x
2009-12-31	Rp119.16	Rp50.00	x
2010-12-31	Rp119.19	Rp50.00	x
2011-12-31	Rp139.06	Rp50.00	x
2012-12-31	Rp113.50	Rp50.00	x
2013-12-31	Rp145.41	Rp50.00	x
2014-12-31	Rp105.68	Rp50.00	x
2015-12-31	Rp22.43	Rp50.00	x
2016-12-31	Rp-0.66	Rp50.00	x
2017-12-31	Rp96.47	Rp50.00	x
2018-12-31	Rp100.01	Rp50.00	x
2019-12-31	Rp41.43	Rp50.00	x
2020-12-31	Rp24.68	Rp50.00	x
2023-12-31	Rp638.77	Rp50.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Trada Maritime 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): 19.77%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.41%
• Asset Turnover: 0.93x
• Equity Multiplier: 1.37x
Recent ROE (19.77%) is above the historical average (-35.04%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	24.42%	19.29%	0.48x	2.61x	Rp14.73 Billion
2006	24.89%	18.72%	0.66x	2.02x	Rp20.30 Billion
2007	21.39%	16.89%	0.44x	2.87x	Rp19.76 Billion
2008	4.30%	13.78%	0.23x	1.36x	Rp-57.82 Billion
2009	9.10%	29.90%	0.21x	1.47x	Rp-9.87 Billion
2010	9.08%	26.09%	0.19x	1.87x	Rp-10.68 Billion
2011	8.62%	21.43%	0.21x	1.88x	Rp-19.03 Billion
2012	-27.19%	-58.95%	0.16x	2.85x	Rp-423.88 Billion
2013	1.36%	2.58%	0.20x	2.67x	Rp-126.12 Billion
2014	-40.16%	-57.12%	0.21x	3.35x	Rp-532.34 Billion
2015	-426.20%	-205.07%	0.16x	12.65x	Rp-982.43 Billion
2016	0.00%	-62.27%	0.18x	0.00x	Rp-226.12 Billion
2017	-0.70%	-6.41%	0.05x	2.36x	Rp-512.22 Billion
2018	5.95%	8.48%	0.42x	1.66x	Rp-200.91 Billion
2019	-139.36%	-65.85%	0.68x	3.13x	Rp-3.07 Trillion
2020	-90.90%	-31.34%	0.66x	4.41x	Rp-1.24 Trillion
2023	19.77%	15.41%	0.93x	1.37x	Rp573.38 Billion

Industry Comparison

This section compares Trada Maritime Tbk's net assets metrics with peer companies in the Freight & Logistics Services industry.

No peer company data available for comparison.

About Trada Maritime Tbk

JK:TRAM Indonesia Freight & Logistics Services

Market Cap

$145.45 Million

Rp2.48 Trillion IDR

Market Cap Rank

#17772 Global

#291 in Indonesia

Share Price

Rp50.00

Change (1 day)

+0.00%

52-Week Range

Rp50.00 - Rp50.00

All Time High

Rp414.00