Asia Pacific Investama Tbk PT

Asia Pacific Investama Tbk PT has a negative equity position of -343,015,000,000 IDR, indicating a significant debt burden relative to its equity. The company's liquidity position is further strained by a current ratio of 0.33, suggesting that it may struggle to meet short-term obligations with its current assets. Despite this, the company reported a free cash flow of 157,892,000,000 IDR, which could be used to service debt or fund operations.

Profitability metrics show a mixed picture. The company reported a net income of 135,711,000,000 IDR, but its return on equity is negative at -0.3956, indicating that the company is not generating returns for its shareholders. The return on assets of 0.0375 suggests that the company is generating a modest return on its asset base, which is below the typical expectations for the industry.

The company's revenue of 342,537,000,000 IDR is derived from its operations in the Textiles & Leather Goods industry. There is no detailed breakdown of revenue by geographic region or product segment provided in the available data, making it difficult to assess the company's exposure to different markets or product lines.

Looking at the growth trajectory, the company's revenue and net income figures for the latest period indicate a need for improvement. The company's operating income of 156,943,000,000 IDR suggests that it is managing to maintain profitability despite a negative gross profit of -23,077,000,000 IDR. However, the outlook for the next fiscal year is not provided, so it is unclear whether the company will continue to improve its financial performance.

The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's negative net cash position after subtracting total debt is a key flag, suggesting that it may need to raise additional capital or restructure its debt in the near future. The dilution risk is considered low, which means that the company is not expected to issue a significant number of new shares that could dilute existing shareholders' equity.

Recent events and filings do not provide specific details about the company's strategic initiatives or operational changes. The available data does not include recent transcripts or filings that could offer insights into the company's management's plans or responses to market conditions.

Free cash flow surged 283.6% year-over-year to IDR 48.2 billion, showing strong recent cash generation improvement.

The company returned to net profitability in FY2009 with IDR 17.1 billion, reversing previous years of net losses.

Return on invested capital stands at 10.0%, suggesting the business generates returns above typical cost of capital thresholds.

High credit risk flags indicate significant potential for financial distress or inability to meet debt obligations.

Cash conversion ratio of -0.89 is in the bottom quartile, suggesting poor ability to convert earnings into cash.

Negative book value of IDR -343 billion indicates accumulated losses have eroded the company's net asset base.

Revenue IDR 218.34B, −10,5% YoY; Operating income −98,2% YoY.

• ▍Revenue IDR 218.34B, −10,5% YoY
• ▍Operating income −98,2% YoY
• ▍Net income −186,6% YoY
• ▍Free cash flow −124,5% YoY
• ▍Net margin -5.7%

Revenue IDR 263.71B, −8,7% YoY; Operating income −76,5% YoY.

• ▍Revenue IDR 263.71B, −8,7% YoY
• ▍Operating income −76,5% YoY
• ▍Net income +127,3% YoY
• ▍Free cash flow +199,1% YoY
• ▍Net margin 2.3%

Revenue IDR 272.10B, −10,4% YoY; Operating income +120,7% YoY.

• ▍Revenue IDR 272.10B, −10,4% YoY
• ▍Operating income +120,7% YoY
• ▍Net income +112,7% YoY
• ▍Free cash flow +117,5% YoY
• ▍Net margin 9.5%

Revenue IDR 246.67B, −28,0% YoY; Operating income −110,0% YoY.

• ▍Revenue IDR 246.67B, −28,0% YoY
• ▍Operating income −110,0% YoY
• ▍Net income −121,5% YoY
• ▍Free cash flow −114,2% YoY
• ▍Net margin -11.8%

Revenue IDR 243.88B; Operating income IDR 27.91B.

• ▍Revenue IDR 243.88B
• ▍Operating income IDR 27.91B
• ▍Net margin 5.9%

Revenue IDR 288.78B; Operating income IDR 96.51B.

• ▍Revenue IDR 288.78B
• ▍Operating income IDR 96.51B
• ▍Net margin -7.6%

Revenue IDR 303.78B; Operating income -IDR 198.60B.

• ▍Revenue IDR 303.78B
• ▍Operating income -IDR 198.60B
• ▍Net margin -67.6%

Revenue IDR 342.54B; Operating income IDR 156.94B.

• ▍Revenue IDR 342.54B
• ▍Operating income IDR 156.94B
• ▍Net margin 39.6%

Revenue IDR 1.03T, −18,8% YoY; Operating income −13,7% YoY.

• ▍Revenue IDR 1.03T, −18,8% YoY
• ▍Operating income −13,7% YoY
• ▍Net income +123,5% YoY
• ▍Free cash flow +283,6% YoY
• ▍Net margin 1.7%

Revenue IDR 1.26T, +4,7% YoY; Operating income +144,9% YoY.

• ▍Revenue IDR 1.26T, +4,7% YoY
• ▍Operating income +144,9% YoY
• ▍Net income +78,5% YoY
• ▍Free cash flow +90,4% YoY
• ▍Net margin -5.8%

Revenue IDR 1.21T, −25,7% YoY; Operating income −215,1% YoY.

• ▍Revenue IDR 1.21T, −25,7% YoY
• ▍Operating income −215,1% YoY
• ▍Net income −1 554,6% YoY
• ▍Free cash flow −612,4% YoY
• ▍Net margin -28.1%

Revenue IDR 1.62T, −4,7% YoY; Operating income +3 235,7% YoY.

• ▍Revenue IDR 1.62T, −4,7% YoY
• ▍Operating income +3 235,7% YoY
• ▍Net income +84,8% YoY
• ▍Free cash flow +170,0% YoY
• ▍Net margin -1.3%