Revenue was IDR 1,853 billion in 1Q2023, tracking lower than 2022, mainly as a result of the decrease in sales volume from agriculture industry. The decreasing price in several chemical products also a factor to the lower revenue, as well as lower gross margin.
Almost 90% of our total revenue represent sales in Indonesia, mainly to B2B customers in the F&B, Animal Feed, Chemical and Personal & Home Care industry.
Profit for the year attributable to owners of the parent entity in 1Q2023 was IDR 51 billion, lower vs IDR 60 billion (4Q2022) and IDR 98 billion (1Q2022).
2
(IDR billion)
Consolidated Financial Position
2020
2021
2022
1Q2023
Cash and Bank
376
499
237
336
Trade Receivables
817
1,025
1,053
1,045
Inventories
746
1,044
1,304
1,167
Fixed Assets
1,829
1,815
1,822
1,769
Investment in Associates
813
845
828
779
Others
944
998
851
815
Total Assets
5,514
6,218
6,094
5,912
Interest Bearing Debt
1,959
1,754
1,374
1,262
Trade Payables
829
1,261
1,258
1,159
Others
493
508
475
519
Total Liabilities
3,230
3,480
3,107
2,940
Equity
2,284
2,738
2,987
2,972
The Company's financial condition relatively stable compared to December 2022.
As of March 2023, cash and bank increased by 41.5% and total Interest bearing debt decreased by 8.2% compared to December 2022.
3
Key Financial Ratio
2020
2021
2022
1Q2023
Current Ratio (x)
0.98
1.14
1.22
1.31
EBITDA / Net Interest Expense (x)
3.89
7.16
5.73
7.32
Net Debt / EBITDA (x)
2.47
1.68
1.49
1.44
Net Debt / Equity (x)
0.69
0.46
0.38
0.31
Working Capital Days
2020
2021
2022
1Q2023
AR Days
53
56
48
51
Inventory Days
61
70
74
70
AP Days
68
85
71
69
WCC Days
46
41
51
51
Current ratio and other leverage ratios show an improving result in 1Q2023, as reflected in lower net debt level and relatively stable EBITDA.
For a more comprehensive analysis of the 1Q2023 performance, the quarterly report is available on our company website (www.lautan-luas.com).
4
Share (millions) *
1,560
52wk High (Rp)
1,510
Price in 2023, March 31 (Rp)
1,340
52wk Low (Rp)
1,285
Price / Earning (x) **
41.06
EPS (Rp)
33
Dividend Yield (%)
5.60
EPS Annualized ** (Rp)
131
ROE (%) **
7.54
* Include 5,149,000 treasury stocks
** Annualized
5
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Disclaimer
PT Lautan Luas Tbk published this content on 02 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2023 02:05:08 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 
