Consolidated revenue was IDR 5,390 billion in 3Q2023, with gross margin of 16.6%; which is tracking lower compared to FY2022. Lower revenue and gross margin were mainly attributable to slower demand from our customer as well as the declining price from certain chemical products.
Almost 90% of our total revenue represent sales in Indonesia, mainly to B2B customers in the F&B, Chemical, Animal Feed and Personal & Home Care industry.
2
(IDR billion)
Consolidated Financial Position
2020
2021
2022
3Q2022
3Q2023
Cash and Bank
376
499
237
296
273
Trade Receivables
817
1,025
1,053
1,111
992
Inventories
746
1,044
1,304
1,082
1,051
Fixed Assets
1,829
1,815
1,822
1,801
1,743
Investment in Associates
813
845
828
782
743
Others
934
990
851
977
807
Total Assets
5,514
6,218
6,094
6,048
5,609
Interest Bearing Debt
1,959
1,754
1,374
1,542
1,122
Trade Payables
829
1,261
1,258
1,000
1,075
Others
442
464
475
648
520
Total Liabilities
3,230
3,480
3,107
3,189
2,716
Equity
2,284
2,738
2,987
2,859
2,893
Consolidated Financial Position as of 3Q2023 is stronger compare to 3Q2022, with Interest Bearing Debt decrease to IDR1,122 billion.
3
Key Financial Ratio
2020
2021
2022
3Q2022
3Q2023
Current Ratio (x)
0.98
1.14
1.22
1.25
1.36
EBITDA / Net Interest Expense (x)
3.89
7.16
5.73
5.52
4.94
Net Debt / EBITDA (x)
2.47
1.68
1.49
1.49
1.71
Net Debt / Equity (x)
0.69
0.46
0.38
0.44
0.29
Working Capital Days
2020
2021
2022
3Q2022
3Q2023
AR Days
53
56
48
50
50
Inventory Days
61
70
74
61
63
AP Days
68
85
71
56
65
WCC Days
46
41
51
55
48
Current ratio slightly improve to 1.36x as well as Net debt to Equity that improved to 0.29x.
Net Debt/EBITDA and EBITDA/Interest relatively within our expected range despite lower performance for the current year.
We maintain our working capital cycle at 48 days.
For a more comprehensive analysis of the 3Q2023 performance, the quarterly report is available on our company website
(www.lautan-luas.com).
4
Share (millions) *
1,560
52wk High (Rp)
1,520
Price in 2023, Sep 30 (Rp)
1,025
52wk Low (Rp)
975
Price / Earning (x) **
14.30
EPS (Rp)
54
Dividend Yield (%)
7.32
EPS Annualized ** (Rp)
72
ROE (%) **
4.25
* Include 7,510,800 treasury stocks
** Annualized
5
Established in 1951, PT LAUTAN LUAS Tbk is a leading company engaged in chemicals and fine ingredients in Indonesia. The Company has three business segments consisting of Distribution, Manufacture, and Support & Services.
Headquartered in Jakarta, the Company's Distribution segment is supported by 100 international principals, with more than 1,000 varieties of products. In addition, the Company operates four branches, five representative offices located in various major cities throughout the archipelago, including a regional office in Singapore that oversees company operations in China, Thailand, and Vietnam.
In manufacturing, the Company currently has stakes in ten production facilities in Indonesia and two facilities in China.
Support & Services segment comprise of four subsidiaries that are engaged in supply chain, information technology and water services.
PT Lautan Luas Tbk published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 09:18:37 UTC.
PT Lautan Luas Tbk is an Indonesia-based company, which is engaged in distributing and manufacturing of basic and specialty chemicals, as well as supporting businesses and services business. The Companyâs business segments include Distribution, Manufacturing and Support and Services. Its products include sulfuric acid, aluminum sulfate, PAC, sodium silicate, non-dairy creamer, and various other main products. In the logistics sector, the Company provides warehousing and transportation service. The Company represents more than 100 international principals, distributes more than 1,000 chemical products, and serves more than 2,000 industrial customers throughout Indonesia and the Asia Pacific region. It also operates 10 manufacturing facilities in Indonesia and two in China. It serves various industries, such as food and beverages, industrial, drinking and wastewater, personal and home care, automotive, animal feed, building construction, agriculture and others.
PT LAUTAN LUAS TBK 
