PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) Scaled Net Operating Assets: 0.84 (As of Dec. 2025)


ISX:MKAP PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP
13 GF Score
Price Rp1,200.00
! 5 Warning Signs
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What is PT Multikarya Asia Pasifik Raya Tbk Scaled Net Operating Assets?

PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP -0.83% 13 Scaled Net Operating Assets is 0.84 as of Dec. 2025. GuruFocus rates ISX:MKAP with a GF Score™ of 13/100. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PT Multikarya Asia Pasifik Raya Tbk's operating assets for the quarter that ended in Dec. 2025 was Rp497,234 Mil. PT Multikarya Asia Pasifik Raya Tbk's operating liabilities for the quarter that ended in Dec. 2025 was Rp62,685 Mil. PT Multikarya Asia Pasifik Raya Tbk's Total Assets for the quarter that ended in Dec. 2024 was Rp519,155 Mil. Therefore, PT Multikarya Asia Pasifik Raya Tbk's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.84.


PT Multikarya Asia Pasifik Raya Tbk Scaled Net Operating Assets Historical Data

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The historical data trend for PT Multikarya Asia Pasifik Raya Tbk's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PT Multikarya Asia Pasifik Raya Tbk Scaled Net Operating Assets Chart

PT Multikarya Asia Pasifik Raya Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec24 Dec25
Scaled Net Operating Assets
0.76 0.81 0.74 1.78 0.84

PT Multikarya Asia Pasifik Raya Tbk Semi-Annual Data
Dec20 Dec21 Dec22 Dec24 Dec25
Scaled Net Operating Assets 0.76 0.81 0.74 1.78 0.84

ISX:MKAP vs SLB, BKR, HAL: Scaled Net Operating Assets Comparison

For the Oil & Gas Equipment & Services subindustry, PT Multikarya Asia Pasifik Raya Tbk's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Multikarya Asia Pasifik Raya Tbk Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Multikarya Asia Pasifik Raya Tbk's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PT Multikarya Asia Pasifik Raya Tbk's Scaled Net Operating Assets falls into.


ISX:MKAP
13GF Score
PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Multikarya Asia Pasifik Raya Tbk Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PT Multikarya Asia Pasifik Raya Tbk's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(497233.877-62684.541)/519155.498
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=536122.411 - 38888.534
=497233.877

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=212748.733 - 29656.959 - 120407.233
=62684.541

PT Multikarya Asia Pasifik Raya Tbk's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Dec. 2024 )
=(497233.877-62684.541)/519155.498
=0.84

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=536122.411 - 38888.534
=497233.877

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=212748.733 - 29656.959 - 120407.233
=62684.541

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.84 mean?
PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) has a Scaled Net Operating Assets of 0.84 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Multikarya Asia Pasifik Raya Tbk and its competitors.
Is PT Multikarya Asia Pasifik Raya Tbk's Scaled Net Operating Assets too high?
PT Multikarya Asia Pasifik Raya Tbk's current Scaled Net Operating Assets is 0.84. Overall, PT Multikarya Asia Pasifik Raya Tbk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does PT Multikarya Asia Pasifik Raya Tbk's Scaled Net Operating Assets compare to SLB and BKR?
PT Multikarya Asia Pasifik Raya Tbk's Scaled Net Operating Assets of 0.84 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Multikarya Asia Pasifik Raya Tbk and its competitors. PT Multikarya Asia Pasifik Raya Tbk's current Scaled Net Operating Assets is 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multikarya Asia Pasifik Raya Tbk stock overvalued right now?
PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) has a current Scaled Net Operating Assets of 0.84. The current Scaled Net Operating Assets is 0.84. PT Multikarya Asia Pasifik Raya Tbk's overall GF Score™ is 13/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP), the current Scaled Net Operating Assets is 0.84 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PT Multikarya Asia Pasifik Raya Tbk Business Description

Industry EnergyOil & Gas
Address Jalan TB Simatupang No 02, Cibis Nine, 16th Floor, Cilandak Timur, Pasar Minggu, South Jakarta, Jakarta, IDN, 12560
PT Multikarya Asia Pasifik Raya Tbk is engaged in the manufacturing and trading of services, as well as the rental and repair of pumps and other supporting equipment, including spare parts for the oil, natural gas, and mining industries. The firm operates through two main segments: Spare Parts and Procurement, and Rental and Services, with the majority of its revenue coming from the Spare Parts and Procurement segment. For the oil and gas industry, it offers products and services such as crude oil transfer to and from further processing, water reinjection production, water treatment injection plants, and pumps for mud, cement, and stimulation. In the mining industry, the company provides services for water drying and mud removal, along with reinstallation, repair, and rejuvenation of pump.
13GF Score

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