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Argo Pantes Tbk, PT
Main Activities: Textile Mills
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Company Information |
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Full name Argo Pantes Tbk, PT Headquarters 2/F Wisma Argo Manunggal Jln Gatot Subroto No 95 Kav 22; Jakarta; Jakarta; 12930 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : ID1000083702 Financial Auditors: Anwar & Rekan (2011) Incorporation Date: July 12, 1977 Total Employees: 4,659 Tel: (62 21) 2520065 |
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Company Description |
| PT Argo Pantes Tbk (ARGO) is one of the largest integrated cotton and blended cotton textile companies in Indonesia, which achieved the certification of ISO 9002 from the SGS Indonesia. ARGO's line of business includes spinning, yarn dyeing, weaving, and dyeing finishing. Its plants are located in Tangerang, Banten and Bekasi, West Java. It has several production units, namely the spinning unit (SU), yarn dyeing unit (YDU), weaving unit (WU) and the dyeing finishing unit. SU produces 100% cotton | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues increased with 12.14%, from IDR 647,265,024 thousands to IDR 725,843,008 thousands. Operating result decreased from IDR -81,181,000 thousands to IDR -109,314,000 thousands which means -34.65% change. The results of the period decreased -101.57% reaching IDR -133,357,000 thousands at the end of the period against IDR -66,159,000 thousands last year. Return on equity (Net income/Total equity) went from -45.39% to -445.50%, the Return On Asset (Net income / Total Asset) went from -4.20% to -9.03% and the Net Profit Margin (Net Income/Net Sales) went from -10.22% to -18.37% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 5034.20% compared to 979.54% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.74 to 0.79 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2012 Q3C (cons) |
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| Audited | Non-Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
1,809,813,888 |
1,477,001,984 |
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Current Assets |
392,895,040 |
366,439,008 |
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Total Liabilities |
1,588,347,520 |
1,506,936,064 |
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Shareholders Equity |
221,466,288 |
-29,934,000 |
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Current Liabilities |
498,084,672 |
464,236,992 |
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| * All the accounts are in IDR. | ||
Income Statement
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Total Operating Revenue |
1,001,452,928 |
725,843,008 |
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Operational Profit (Loss) |
-150,058,880 |
-109,314,000 |
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Net Profit (Loss) |
-118,969,632 |
-133,357,000 |
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| * All the accounts are in IDR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-6.57% |
-9.03% |
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Annualised Return on Assets (ROA) |
-6.57% |
-12.04% |
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Return on Equity (ROE) |
-53.72% |
445.5% |
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Annualised Return on Equity (ROE) |
-53.72% |
594.00% |
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Return on Sales (ROS) |
-11.88% |
-18.37% |
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Return on Capital |
-27.99% |
-16.05% |
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Gross Profit Margin |
-2.48% |
-3.25% |
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Operating Profit Margin |
-6.49% |
-6.61% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
16.02x |
12.16x |
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Inventory Turnover |
3.42x |
2.78x |
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Current asset turnover |
2.55x |
1.98x |
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Fixed-asset turnover |
0.71x |
0.65x |
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Asset Turnover |
0.55x |
0.49x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-144,946,824 |
-106,901,016 |
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EBITDA |
-64,981,840 |
-47,974,016 |
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Enterprise value |
359,332,978 |
600,325,442 |
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Enterprise Value / EBITDA |
-5.53 |
-12.51 |
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Bookvalue (BV) |
1,770,756,272 |
1,203,192,992 |
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Net Cash |
-482,802,584 |
-455,195,992 |
| Liquidity Ratios | ||
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Current Ratio |
78.88% |
78.93% |
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Quick ratio |
18.55% |
20.79% |
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Doom's day ratio |
3.07% |
1.95% |
| Leverage Ratios | ||
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Leverage ratio |
817.2% |
-4,934.2% |
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Interest Coverage Ratio |
-227.23% |
-234.27% |
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Debt to equity |
717.2% |
-5,034.2% |
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Debt to total assets |
87.76% |
102.03% |
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Long Term Debt to Capital |
86.66% |
86.14% |
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Debt / Enterprise Value |
10.87% |
45.61% |
| Market ratios | ||
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Market Capitalization/EBITDA |
-5.16 |
-6.99 |
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Price/Book Ratio |
0.19 |
0.28 |
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Market Cap / Net cash |
-0.69 |
-0.74 |
| Trend Ratios | ||
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Revenue Trend |
118.05% |
112.14% |
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Net Income Trend |
109.67% |
201.57% |
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Operating Income Trend |
148.03% |
225.7% |
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