Ultra Jaya Milk Industry Tbk (ULTJ) - Net Assets
Based on the latest financial reports, Ultra Jaya Milk Industry Tbk (ULTJ) has net assets worth Rp8.32 Trillion IDR (≈ $487.31 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 (Rp9.25 Trillion ≈ $542.22 Million USD) and total liabilities (Rp937.01 Billion ≈ $54.91 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 Ultra Jaya Milk Industry Tbk (ULTJ) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp8.32 Trillion |
| % of Total Assets | 89.87% |
| Annual Growth Rate | 12.12% |
| 5-Year Change | 61.86% |
| 10-Year Change | 138.35% |
| Growth Volatility | 11.9 |
Ultra Jaya Milk Industry Tbk - Net Assets Trend (2000–2025)
This chart illustrates how Ultra Jaya Milk Industry Tbk's net assets have evolved over time, based on quarterly financial data. Also explore ULTJ current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Ultra Jaya Milk Industry Tbk (2000–2025)
The table below shows the annual net assets of Ultra Jaya Milk Industry Tbk from 2000 to 2025. For live valuation and market cap data, see ULTJ market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp8.32 Trillion ≈ $487.31 Million |
+11.98% |
| 2024-12-31 | Rp7.43 Trillion ≈ $435.19 Million |
+11.07% |
| 2023-12-31 | Rp6.69 Trillion ≈ $391.83 Million |
+14.84% |
| 2022-12-31 | Rp5.82 Trillion ≈ $341.19 Million |
+13.32% |
| 2021-12-31 | Rp5.14 Trillion ≈ $301.07 Million |
+7.45% |
| 2020-12-31 | Rp4.78 Trillion ≈ $280.19 Million |
-15.44% |
| 2019-12-31 | Rp5.66 Trillion ≈ $331.37 Million |
+18.43% |
| 2018-12-31 | Rp4.77 Trillion ≈ $279.79 Million |
+13.45% |
| 2017-12-31 | Rp4.21 Trillion ≈ $246.62 Million |
+20.62% |
| 2016-12-31 | Rp3.49 Trillion ≈ $204.46 Million |
+24.73% |
| 2015-12-31 | Rp2.80 Trillion ≈ $163.92 Million |
+23.50% |
| 2014-12-31 | Rp2.27 Trillion ≈ $132.73 Million |
+12.40% |
| 2013-12-31 | Rp2.02 Trillion ≈ $118.08 Million |
+20.20% |
| 2012-12-31 | Rp1.68 Trillion ≈ $98.24 Million |
+19.54% |
| 2011-12-31 | Rp1.40 Trillion ≈ $82.18 Million |
+7.79% |
| 2010-12-31 | Rp1.30 Trillion ≈ $76.24 Million |
+8.92% |
| 2009-12-31 | Rp1.19 Trillion ≈ $70.00 Million |
+5.09% |
| 2008-12-31 | Rp1.14 Trillion ≈ $66.60 Million |
+36.56% |
| 2007-12-31 | Rp832.34 Billion ≈ $48.77 Million |
+2.01% |
| 2006-12-31 | Rp815.90 Billion ≈ $47.81 Million |
+0.07% |
| 2005-12-31 | Rp815.32 Billion ≈ $47.77 Million |
+0.66% |
| 2004-12-31 | Rp809.94 Billion ≈ $47.46 Million |
+44.45% |
| 2003-12-31 | Rp560.71 Billion ≈ $32.86 Million |
+6.65% |
| 2002-12-31 | Rp525.73 Billion ≈ $30.81 Million |
+3.73% |
| 2001-12-31 | Rp506.83 Billion ≈ $29.70 Million |
+6.38% |
| 2000-12-31 | Rp476.43 Billion ≈ $27.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ultra Jaya Milk Industry 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 8048.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp7.53 Trillion | 91.64% |
| Common Stock | Rp519.91 Billion | 6.32% |
| Other Comprehensive Income | Rp121.26 Billion | 1.48% |
| Other Components | Rp46.14 Billion | 0.56% |
| Total Equity | Rp8.22 Trillion | 100.00% |
Ultra Jaya Milk Industry Tbk Competitors by Market Cap
The table below lists competitors of Ultra Jaya Milk Industry Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shinyoung Securities Co. Ltd.
KO:001720
|
$1.03 Billion |
|
DLG Exhibitions & Events Corp Ltd
SHG:600826
|
$1.03 Billion |
|
Guangzhou Newlife New Material Co. Ltd. A
SHE:301323
|
$1.03 Billion |
|
Cisen Pharmaceutical Co Ltd
SHG:603367
|
$1.03 Billion |
|
Northeast Pharmaceutical Group Co Ltd
SHE:000597
|
$1.03 Billion |
|
Cansino Biologics Inc
SHG:688185
|
$1.03 Billion |
|
Liquidity Services Inc
NASDAQ:LQDT
|
$1.03 Billion |
|
Coursera Inc
NYSE:COUR
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ultra Jaya Milk Industry Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,339,230,000,000 to 8,220,575,000,000, a change of 881,345,000,000 (12.0%).
- Net income of 1,353,297,000,000 contributed positively to equity growth.
- Dividend payments of 483,516,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,034,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp1.35 Trillion | +16.46% |
| Dividends Paid | Rp483.52 Billion | -5.88% |
| Other Comprehensive Income | Rp-4.03 Billion | -0.05% |
| Other Changes | Rp15.60 Billion | +0.19% |
| Total Change | Rp- | 12.01% |
Book Value vs Market Value Analysis
This analysis compares Ultra Jaya Milk Industry 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: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 23.97x to 2.14x 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 | Rp70.49 | Rp1690.00 | x |
| 2006-12-31 | Rp70.52 | Rp1690.00 | x |
| 2007-12-31 | Rp71.94 | Rp1690.00 | x |
| 2008-12-31 | Rp98.13 | Rp1690.00 | x |
| 2009-12-31 | Rp102.30 | Rp1690.00 | x |
| 2010-12-31 | Rp112.08 | Rp1690.00 | x |
| 2011-12-31 | Rp119.91 | Rp1690.00 | x |
| 2012-12-31 | Rp144.79 | Rp1690.00 | x |
| 2013-12-31 | Rp172.94 | Rp1690.00 | x |
| 2014-12-31 | Rp195.16 | Rp1690.00 | x |
| 2015-12-31 | Rp240.69 | Rp1690.00 | x |
| 2016-12-31 | Rp300.63 | Rp1690.00 | x |
| 2017-12-31 | Rp353.55 | Rp1690.00 | x |
| 2018-12-31 | Rp403.35 | Rp1690.00 | x |
| 2019-12-31 | Rp480.24 | Rp1690.00 | x |
| 2020-12-31 | Rp424.10 | Rp1690.00 | x |
| 2021-12-31 | Rp485.39 | Rp1690.00 | x |
| 2022-12-31 | Rp551.90 | Rp1690.00 | x |
| 2023-12-31 | Rp634.80 | Rp1690.00 | x |
| 2024-12-31 | Rp705.82 | Rp1690.00 | x |
| 2025-12-31 | Rp790.58 | Rp1690.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ultra Jaya Milk Industry 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): 16.46%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.43%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.13x
- Recent ROE (16.46%) is above the historical average (12.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 6.27% | 9.23% | 0.46x | 1.48x | Rp-17.77 Billion |
| 2001 | 6.00% | 6.35% | 0.49x | 1.92x | Rp-20.29 Billion |
| 2002 | 3.60% | 4.62% | 0.40x | 1.94x | Rp-33.67 Billion |
| 2003 | 1.33% | 1.53% | 0.44x | 2.00x | Rp-48.59 Billion |
| 2004 | 0.55% | 0.81% | 0.42x | 1.61x | Rp-76.58 Billion |
| 2005 | 0.56% | 0.64% | 0.57x | 1.54x | Rp-76.92 Billion |
| 2006 | 1.81% | 1.76% | 0.67x | 1.53x | Rp-66.75 Billion |
| 2007 | 3.65% | 2.69% | 0.83x | 1.64x | Rp-52.80 Billion |
| 2008 | 26.75% | 22.29% | 0.78x | 1.53x | Rp190.18 Billion |
| 2009 | 5.13% | 3.79% | 0.93x | 1.45x | Rp-58.01 Billion |
| 2010 | 8.25% | 5.70% | 0.94x | 1.55x | Rp-22.67 Billion |
| 2011 | 7.24% | 4.82% | 0.96x | 1.56x | Rp-38.69 Billion |
| 2012 | 21.10% | 12.56% | 1.16x | 1.45x | Rp185.69 Billion |
| 2013 | 16.28% | 9.40% | 1.23x | 1.41x | Rp125.44 Billion |
| 2014 | 12.92% | 7.44% | 1.34x | 1.29x | Rp65.94 Billion |
| 2015 | 18.67% | 11.81% | 1.24x | 1.27x | Rp240.98 Billion |
| 2016 | 20.22% | 14.99% | 1.11x | 1.22x | Rp355.01 Billion |
| 2017 | 17.21% | 14.41% | 0.94x | 1.27x | Rp294.66 Billion |
| 2018 | 14.97% | 12.75% | 0.99x | 1.19x | Rp231.76 Billion |
| 2019 | 18.60% | 16.54% | 0.94x | 1.19x | Rp477.43 Billion |
| 2020 | 23.47% | 18.43% | 0.68x | 1.87x | Rp631.11 Billion |
| 2021 | 25.20% | 19.22% | 0.89x | 1.47x | Rp766.92 Billion |
| 2022 | 16.74% | 12.55% | 1.04x | 1.29x | Rp386.91 Billion |
| 2023 | 17.71% | 14.08% | 1.10x | 1.14x | Rp509.13 Billion |
| 2024 | 15.49% | 12.81% | 1.05x | 1.15x | Rp402.70 Billion |
| 2025 | 16.46% | 15.43% | 0.95x | 1.13x | Rp531.24 Billion |
Industry Comparison
This section compares Ultra Jaya Milk Industry Tbk's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $967,549,148,098
- Average return on equity (ROE) among peers: 3.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ultra Jaya Milk Industry Tbk (ULTJ) | Rp8.32 Trillion | 6.27% | 0.11x | $1.03 Billion |
| Akasha Wira International Tbk (ADES) | $90.25 Billion | 3.90% | 1.13x | $693.04 Million |
| Tri Banyan Tirta Tbk (ALTO) | $480.84 Billion | -5.50% | 1.42x | $2.31 Million |
| Sariguna Primatirta PT (CLEO) | $635.48 Billion | 9.96% | 0.31x | $548.46 Million |
| Kino Indonesia Tbk PT (KINO) | $2.66 Trillion | 3.94% | 1.01x | $90.49 Million |
About Ultra Jaya Milk Industry Tbk
PT Ultrajaya Milk Industry & Trading Company Tbk, together with its subsidiaries, operates in the food and beverage industry in Indonesia. The company operates in two segments: Beverages and Foods. It produces various beverages, such as milk, fruit juices, tea, traditional drinks, and health drinks; and sweetened condensed milk, powder milk, and tropical fruit juice concentrates. The company also… Read more