Trisula Textile Industries Tbk PT (BELL) - Net Assets
Based on the latest financial reports, Trisula Textile Industries Tbk PT (BELL) has net assets worth Rp273.21 Billion IDR (≈ $16.01 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp565.79 Billion ≈ $33.15 Million USD) and total liabilities (Rp292.58 Billion ≈ $17.14 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Trisula Textile Industries Tbk PT liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp273.21 Billion |
| % of Total Assets | 48.29% |
| Annual Growth Rate | 5.13% |
| 5-Year Change | 5.74% |
| 10-Year Change | 46.95% |
| Growth Volatility | 13.77 |
Trisula Textile Industries Tbk PT - Net Assets Trend (2014–2024)
This chart illustrates how Trisula Textile Industries Tbk PT's net assets have evolved over time, based on quarterly financial data. Also explore BELL total assets for the complete picture of this company's asset base.
Annual Net Assets for Trisula Textile Industries Tbk PT (2014–2024)
The table below shows the annual net assets of Trisula Textile Industries Tbk PT from 2014 to 2024. For live valuation and market cap data, see BELL market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp271.25 Billion ≈ $15.89 Million |
+2.26% |
| 2023-12-31 | Rp265.25 Billion ≈ $15.54 Million |
+1.46% |
| 2022-12-31 | Rp261.43 Billion ≈ $15.32 Million |
+0.64% |
| 2021-12-31 | Rp259.77 Billion ≈ $15.22 Million |
+1.27% |
| 2020-12-31 | Rp256.53 Billion ≈ $15.03 Million |
-7.41% |
| 2019-12-31 | Rp277.05 Billion ≈ $16.23 Million |
-14.23% |
| 2018-12-31 | Rp323.02 Billion ≈ $18.93 Million |
+34.10% |
| 2017-12-31 | Rp240.88 Billion ≈ $14.11 Million |
+25.69% |
| 2016-12-31 | Rp191.65 Billion ≈ $11.23 Million |
+3.83% |
| 2015-12-31 | Rp184.59 Billion ≈ $10.82 Million |
+12.28% |
| 2014-12-31 | Rp164.40 Billion ≈ $9.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Trisula Textile Industries Tbk PT's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 14.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp84.37 Billion | 35.97% |
| Common Stock | Rp145.00 Billion | 61.82% |
| Other Comprehensive Income | Rp500.52 Million | 0.21% |
| Other Components | Rp4.68 Billion | 1.99% |
| Total Equity | Rp234.55 Billion | 100.00% |
Trisula Textile Industries Tbk PT Competitors by Market Cap
The table below lists competitors of Trisula Textile Industries Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samchem Holdings Bhd
KLSE:5147
|
$62.14 Million |
|
Castellum Inc.
NYSE MKT:CTM
|
$62.15 Million |
|
Bekasi Fajar Industrial Estate
JK:BEST
|
$62.18 Million |
|
Kodiak Copper Corp
V:KDK
|
$62.20 Million |
|
Rafael Holdings, Inc.
NYSE:RFL
|
$62.12 Million |
|
MHP HOTEL AG INH O.N.
F:CDZ0
|
$62.11 Million |
|
BEST SPAC I Acquisition Corp. Class A Ordinary Shares
NASDAQ:BSAA
|
$62.11 Million |
|
Hiscox Ltd
LSE:HSX
|
$62.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trisula Textile Industries Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 228,940,875,000 to 234,551,309,000, a change of 5,610,434,000 (2.5%).
- Net income of 8,803,684,000 contributed positively to equity growth.
- Dividend payments of 2,500,000,000 reduced retained earnings.
- Share repurchases of 580,241,000 reduced equity.
- Other comprehensive income increased equity by 650,226,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp8.80 Billion | +3.75% |
| Dividends Paid | Rp2.50 Billion | -1.07% |
| Share Repurchases | Rp580.24 Million | -0.25% |
| Other Comprehensive Income | Rp650.23 Million | +0.28% |
| Other Changes | Rp-763.24 Million | -0.33% |
| Total Change | Rp- | 2.45% |
Book Value vs Market Value Analysis
This analysis compares Trisula Textile Industries Tbk PT's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.53x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.68x to 4.53x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | Rp87.51 | Rp147.00 | x |
| 2015-12-31 | Rp21.39 | Rp147.00 | x |
| 2016-12-31 | Rp21.73 | Rp147.00 | x |
| 2017-12-31 | Rp118.83 | Rp147.00 | x |
| 2018-12-31 | Rp40.01 | Rp147.00 | x |
| 2019-12-31 | Rp33.46 | Rp147.00 | x |
| 2020-12-31 | Rp30.81 | Rp147.00 | x |
| 2021-12-31 | Rp31.06 | Rp147.00 | x |
| 2022-12-31 | Rp31.12 | Rp147.00 | x |
| 2023-12-31 | Rp31.60 | Rp147.00 | x |
| 2024-12-31 | Rp32.47 | Rp147.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trisula Textile Industries Tbk PT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.51%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 2.49x
- Recent ROE (3.75%) is below the historical average (4.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 6.28% | 2.24% | 1.03x | 2.73x | Rp-4.97 Billion |
| 2015 | 13.54% | 3.83% | 1.33x | 2.65x | Rp5.49 Billion |
| 2016 | 4.05% | 1.53% | 1.07x | 2.46x | Rp-9.37 Billion |
| 2017 | 6.30% | 2.97% | 0.96x | 2.22x | Rp-7.77 Billion |
| 2018 | 7.39% | 3.10% | 1.18x | 2.02x | Rp-7.57 Billion |
| 2019 | 8.79% | 2.99% | 1.21x | 2.44x | Rp-2.94 Billion |
| 2020 | -7.18% | -2.98% | 0.97x | 2.48x | Rp-38.37 Billion |
| 2021 | 1.09% | 0.57% | 0.82x | 2.33x | Rp-20.07 Billion |
| 2022 | 1.18% | 0.58% | 0.88x | 2.33x | Rp-19.90 Billion |
| 2023 | 3.83% | 1.63% | 1.02x | 2.32x | Rp-14.13 Billion |
| 2024 | 3.75% | 1.51% | 1.00x | 2.49x | Rp-14.65 Billion |
Industry Comparison
This section compares Trisula Textile Industries Tbk PT's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $-126,032,204,008
- Average return on equity (ROE) among peers: -0.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trisula Textile Industries Tbk PT (BELL) | Rp273.21 Billion | 6.28% | 1.07x | $62.13 Million |
| Argo Pantes Tbk (ARGO) | $-1.17 Trillion | 0.00% | 0.00x | $205.53 Million |
| Indo Kordsa Tbk (BRAM) | $182.93 Million | 5.69% | 0.60x | $120.52 Million |
| PT Century Textile Industry Tbk (CNTX) | $-182.32 Billion | 0.00% | 0.00x | $582.44K |
| Ever Shine Textile Industry (ESTI) | $14.57 Million | 11.06% | 2.51x | $19.84 Million |
| Indorama Synthetics Tbk (INDR) | $288.57 Million | 8.98% | 0.96x | $103.14 Million |
| Cottonindo Ariesta Tbk PT (KPAS) | $146.08 Billion | 0.39% | 0.75x | $2.79 Million |
| Multi Spunindo Jaya Tbk. (MSJA) | $61.82 Million | 24.08% | 0.58x | $175.79 Million |
| Asia Pacific Investama Tbk PT (MYTX) | $-103.56 Billion | 0.00% | 0.00x | $2.01 Million |
| Sejahtera Bintang Abadi Textile Tbk (SBAT) | $171.40 Billion | -51.12% | 2.84x | $278.51K |
About Trisula Textile Industries Tbk PT
PT Trisula Textile Industries Tbk, together with its subsidiaries, engages in the manufacture and trading of textile products in Indonesia and internationally. The company offers 100% polyester, polyester rayon, polyester cotton, thick and thin stretch yarn, healthy stretch fabric, ultra stretch with texture look, recycle fabrics, denim stretch fabric, and special function fabrics, as well as cor… Read more