Akasha Wira International Tbk PT

Akasha Wira International Tbk PT maintains a strong liquidity position, as evidenced by a current ratio of 4.98, indicating that the company has nearly five times more current assets than current liabilities. The company's liquidity is further supported by a free cash flow of 47.225 billion IDR, which provides flexibility for reinvestment or shareholder returns. However, the company's net cash position is negative after subtracting total debt, which could signal potential liquidity risk if not managed carefully.

In terms of profitability, the company's return on equity (ROE) of 5.23% and return on assets (ROA) of 4.45% are below the industry median for non-alcoholic beverage companies, suggesting that the company is underperforming its peers in terms of capital efficiency and asset utilization. The operating margin of 29.84% (calculated from operating income of 121.527 billion IDR on revenue of 403.855 billion IDR) is relatively strong, but the net margin of 25.41% (calculated from net income of 102.629 billion IDR) indicates that the company is facing some pressure from operating expenses or taxes.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no material geographic diversification reported. This lack of diversification could expose the company to regional economic downturns or regulatory changes that affect the Indonesian beverage market.

Looking ahead, the company's revenue is expected to grow by 8.5% in the current fiscal year and by 6.2% in the next fiscal year, based on historical revenue growth and industry trends. However, the company's capital expenditures of 83.403 billion IDR in the latest reporting period suggest that it is investing in expansion or modernization, which could impact short-term profitability.

The company's risk profile is characterized by a medium liquidity risk and a low dilution risk. The absence of long-term debt (234 million IDR) and a debt-to-equity ratio of 0.0 indicate that the company is not heavily leveraged, reducing its exposure to interest rate fluctuations and refinancing risk. However, the negative net cash position and the potential for future capital expenditures could necessitate additional financing, which may involve issuing new shares or taking on debt.

Recent filings and transcripts do not indicate any material events that would significantly alter the company's financial position or strategic direction in the near term. The company's management has not disclosed any major restructuring plans or significant changes in its product portfolio or distribution strategy.

Revenue grew 39.4% year-over-year to IDR 2.73 trillion, demonstrating strong top-line expansion momentum.

The company maintains a negligible debt-to-equity ratio of 0.0, indicating minimal financial leverage risk.

Free cash flow increased 14.1% year-over-year to IDR 425.2 billion, supporting strong liquidity generation.

Liquidity risk is assessed at a medium level, potentially impacting trading ease or capital access.

Return on equity of 5.2% remains modest despite high margins, suggesting capital efficiency constraints.

Revenue IDR 1.96T, +28,2% YoY; Operating income +29,9% YoY.

• ▍Revenue IDR 1.96T, +28,2% YoY
• ▍Operating income +29,9% YoY
• ▍Net income +33,2% YoY
• ▍Free cash flow +3,3% YoY
• ▍Net margin 27.0%

Revenue IDR 1.53T, +18,2% YoY; Operating income +7,1% YoY.

• ▍Revenue IDR 1.53T, +18,2% YoY
• ▍Operating income +7,1% YoY
• ▍Net income +8,4% YoY
• ▍Free cash flow +297,3% YoY
• ▍Net margin 25.9%

Revenue IDR 1.29T, +38,1% YoY; Operating income +37,9% YoY.

• ▍Revenue IDR 1.29T, +38,1% YoY
• ▍Operating income +37,9% YoY
• ▍Net income +37,3% YoY
• ▍Free cash flow −27,7% YoY
• ▍Net margin 28.3%

Revenue IDR 935.08B; Operating income IDR 328.22B.

• ▍Revenue IDR 935.08B
• ▍Operating income IDR 328.22B
• ▍Net margin 28.4%