Jasa Armada Indonesia Tbk PT (IPCM) — Working Capital to Net Assets Ratio
Jasa Armada Indonesia Tbk PT (IPCM) has a Working Capital to Net Assets ratio of 50.7% as of March 2026. Working capital of Rp712.72 Billion (current assets of Rp1.09 Trillion minus current liabilities of Rp381.53 Billion) is measured against net assets of Rp1.41 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Jasa Armada Indonesia Tbk PT balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Jasa Armada Indonesia Tbk PT Working Capital to Net Assets (2014–2025)
This chart shows how Jasa Armada Indonesia Tbk PT's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at 50.7%, reflecting working capital of Rp712.72 Billion against net assets of Rp1.41 Trillion IDR. Check IPCM intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Jasa Armada Indonesia Tbk PT (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Jasa Armada Indonesia Tbk PT from 2014 to 2025, covering 12 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Jasa Armada Indonesia Tbk PT stock valuation.
| Year | WC/NA Ratio | Working Capital (IDR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 48.9% | Rp664.52 Billion | Rp1.36 Trillion | Rp1.02 Trillion | Rp350.80 Billion | ▲ +3.5 pp |
| 2024 | 45.4% | Rp584.70 Billion | Rp1.29 Trillion | Rp938.84 Billion | Rp354.14 Billion | ▼ -4.2 pp |
| 2023 | 49.6% | Rp615.05 Billion | Rp1.24 Trillion | Rp889.63 Billion | Rp274.58 Billion | ▼ -2.9 pp |
| 2022 | 52.5% | Rp627.84 Billion | Rp1.20 Trillion | Rp919.23 Billion | Rp291.39 Billion | ▲ +1.7 pp |
| 2021 | 50.8% | Rp587.25 Billion | Rp1.16 Trillion | Rp854.51 Billion | Rp267.26 Billion | ▲ +2.2 pp |
| 2020 | 48.6% | Rp530.32 Billion | Rp1.09 Trillion | Rp824.09 Billion | Rp293.77 Billion | ▼ -3.5 pp |
| 2019 | 52.1% | Rp562.26 Billion | Rp1.08 Trillion | Rp762.15 Billion | Rp199.89 Billion | ▼ -7.8 pp |
| 2018 | 59.9% | Rp623.53 Billion | Rp1.04 Trillion | Rp741.56 Billion | Rp118.04 Billion | ▲ +2.6 pp |
| 2017 | 57.3% | Rp575.52 Billion | Rp1.00 Trillion | Rp927.85 Billion | Rp352.33 Billion | ▼ -21.6 pp |
| 2016 | 78.9% | Rp265.60 Billion | Rp336.73 Billion | Rp527.23 Billion | Rp261.64 Billion | ▼ -8.9 pp |
| 2015 | 87.8% | Rp251.34 Billion | Rp286.28 Billion | Rp466.66 Billion | Rp215.32 Billion | ▲ +19.0 pp |
| 2014 | 68.8% | Rp74.18 Billion | Rp107.79 Billion | Rp283.00 Billion | Rp208.82 Billion | — |