Company Analysis
In 2015 the company has developed
more than 11,000 units across indonesia and oversea. Among of the units are
located at greater Jakarta, more than 37 % of total units. For oversea operation, the company has started
to build store at Singapore, Malaysia, Philippines and etc.
The unit consists of moko (mobil
toko, alfamart, alfa midi, alfa express, Lawson and etc. Alfamart as the
biggest part of its business, it separates its business in two type of product,
it comprises food product and non food product. They allocated 70 % for food
product and 30 % for non food product at each alfamart.
The company also runs another
business in medical, beauty and healthcare and etc. based on its annual report
the company used model of community store in operating its business.
In 2015, the company developed
virtual store, the first virtual store in indonesia, it is called as alfa mind.
It allows everyone to participate as either supplier or store owner. The
company claimed that alfamind was able to advance income for the company in
2015.
The additional 1200 units store
in 2015 and implementation of alfamind were able to increase revenue 16.3 % in
comparison with revenue in 2014. The double digit growth is an indication of
the right strategy from the company in 2015.
In 2015 the net profit decline as
the increase of loan utilization. It increased interest expense at that year,
as a result of that the net profit dropped. The company may possibly need more
fund to finance its expansion, it paid prepaid rent for opening thousands of
new store in 2015. Another expenditure was building platform of alfamind as the
explanation at above.
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