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Table 1 Financial evaluation of SBI

From: A failure innovation strategy of acquisition during excess capacity: financial approach based on case study at the state-owned cement holding PT Semen Indonesia (Persero) Tbk

  FY2018 FY2017
Lost Rp 828 billion (US$59.14 million) Rp 758 billion (US$54.14 million)
Revenue Rp 10.377 trillion (US$741.21 million) Rp 9.38 trillion (US$670 million)
Brand royalty 5% Rp 518 billion (US$37 million) Rp 469 billion (US$33.5 million)
Assets Rp 14.447 trillion (US$1,031.93 million)  
Book value Rp 6.135 trillion (US$438.21 million)  
DER of LafargeHolcim 0.99  
  1. Source: Author’s taken based on the published annual report