Sepeda Bersama Indonesia Tbk PT

The company's capital structure shows a debt-to-equity ratio of 0.14, indicating a relatively low leverage position compared to the industry median of 0.35. However, the company's liquidity is rated as medium, with a current ratio of 1.36, which is below the industry median of 1.60. The negative net cash position after subtracting total debt raises concerns about short-term liquidity [doc:HA-latest]. Profitability metrics are weak, with a return on equity of -28.86% and a return on assets of -8.02%, both significantly below the industry median of 12.5% and 8.2%, respectively. The company reported a net loss of IDR 24.45 billion and an operating loss of IDR 23.79 billion, reflecting poor operational performance [doc:HA-latest]. The company operates through three segments: Bicycle, Baby Stroller, and Others. The Bicycle segment is the largest contributor to revenue, with the Baby Stroller and Others segments accounting for smaller portions. Revenue is concentrated in Java, Bali, and Sumatra, where the majority of the company's 450 stores are located [doc:HA-latest]. The company's growth trajectory is uncertain, with no specific revenue growth projections provided. Historical revenue data shows a total of IDR 347.98 billion, but the lack of positive operating and net income suggests challenges in sustaining growth. The company's capital expenditure of IDR 478.16 million indicates some investment in infrastructure, but it is minimal compared to the scale of operations [doc:HA-latest]. Risk factors include a medium liquidity risk due to the negative net cash position and a low dilution risk. The company has not indicated any near-term dilution pressures, and the dilution potential is rated as low. The absence of significant debt and the current ratio suggest that the company is not under immediate financial distress [doc:HA-latest]. Recent events include the company's continued distribution of bicycles under the Genio, United, and Avand brands. The company's network of 450 stores remains a key asset, but the financial performance indicates operational inefficiencies. No recent filings or transcripts have been provided that detail specific strategic changes or new initiatives [doc:HA-latest].