Indoritel Makmur Internasional (DNET) - Net Assets

Latest as of September 2025: Rp15.02 Trillion IDR ≈ $880.24 Million USD

Based on the latest financial reports, Indoritel Makmur Internasional (DNET) has net assets worth Rp15.02 Trillion IDR (≈ $880.24 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 (Rp22.39 Trillion ≈ $1.31 Billion USD) and total liabilities (Rp7.37 Trillion ≈ $431.60 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 DNET cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets Rp15.02 Trillion
% of Total Assets 67.1%
Annual Growth Rate 32.7%
5-Year Change 40.45%
10-Year Change 80.93%
Growth Volatility 23.36

Indoritel Makmur Internasional - Net Assets Trend (2001–2024)

This chart illustrates how Indoritel Makmur Internasional's net assets have evolved over time, based on quarterly financial data. Also explore DNET current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Indoritel Makmur Internasional (2001–2024)

The table below shows the annual net assets of Indoritel Makmur Internasional from 2001 to 2024. For live valuation and market cap data, see Indoritel Makmur Internasional stock valuation.

Year Net Assets Change
2024-12-31 Rp14.24 Trillion
≈ $834.17 Million		 +8.89%
2023-12-31 Rp13.07 Trillion
≈ $766.06 Million		 +6.05%
2022-12-31 Rp12.33 Trillion
≈ $722.33 Million		 +9.86%
2021-12-31 Rp11.22 Trillion
≈ $657.50 Million		 +10.71%
2020-12-31 Rp10.14 Trillion
≈ $593.92 Million		 +6.30%
2019-12-31 Rp9.54 Trillion
≈ $558.72 Million		 +5.49%
2018-12-31 Rp9.04 Trillion
≈ $529.64 Million		 +6.71%
2017-12-31 Rp8.47 Trillion
≈ $496.36 Million		 +2.93%
2016-12-31 Rp8.23 Trillion
≈ $482.21 Million		 +4.59%
2015-12-31 Rp7.87 Trillion
≈ $461.04 Million		 +3.77%
2014-12-31 Rp7.58 Trillion
≈ $444.30 Million		 +5.46%
2013-12-31 Rp7.19 Trillion
≈ $421.29 Million		 --
2012-12-31 Rp0.00
≈ $0.00		 --
2011-12-31 Rp12.84 Billion
≈ $752.42K		 -11.14%
2010-12-31 Rp14.45 Billion
≈ $846.74K		 -3.18%
2009-12-31 Rp14.93 Billion
≈ $874.57K		 +25.83%
2008-12-31 Rp11.86 Billion
≈ $695.03K		 -19.08%
2007-12-31 Rp14.66 Billion
≈ $858.96K		 +9.66%
2006-12-31 Rp13.37 Billion
≈ $783.32K		 -1.06%
2005-12-31 Rp13.51 Billion
≈ $791.70K		 -9.94%
2004-12-31 Rp15.00 Billion
≈ $879.07K		 -9.92%
2003-12-31 Rp16.65 Billion
≈ $975.87K		 -10.73%
2002-12-31 Rp18.66 Billion
≈ $1.09 Million		 -12.16%
2001-12-31 Rp21.24 Billion
≈ $1.24 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Indoritel Makmur Internasional'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 671359300000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings Rp6.71 Trillion 48.07%
Common Stock Rp3.55 Trillion 25.39%
Other Comprehensive Income Rp224.79 Billion 1.61%
Other Components Rp3.48 Trillion 24.93%
Total Equity Rp13.97 Trillion 100.00%

Indoritel Makmur Internasional Competitors by Market Cap

The table below lists competitors of Indoritel Makmur Internasional ranked by their market capitalization.

Company Market Cap
Axsome Therapeutics Inc
NASDAQ:AXSM
 $7.88 Billion
National Fuel Gas Company
NYSE:NFG
 $7.89 Billion
XP Inc
F:XP9
 $7.89 Billion
Frontline Ltd
OL:FRO
 $7.89 Billion
Flughafen Zurich
SW:FHZN
 $7.87 Billion
KakaoBank Corp
KO:323410
 $7.86 Billion
Kinsus Interconnect Technology Corp
TW:3189
 $7.86 Billion
Bajaj Housing Finance
NSE:BAJAJHFL
 $7.85 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Indoritel Makmur Internasional's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 12,821,717,000,000 to 13,966,231,000,000, a change of 1,144,514,000,000 (8.9%).
  • Net income of 1,072,071,000,000 contributed positively to equity growth.
  • Other comprehensive income increased equity by 73,443,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Rp1.07 Trillion +7.68%
Other Comprehensive Income Rp73.44 Billion +0.53%
Other Changes Rp-1.00 Billion -0.01%
Total Change Rp- 8.93%

Book Value vs Market Value Analysis

This analysis compares Indoritel Makmur Internasional'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: 9.62x
  • 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 decreased from 284.46x to 9.62x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-12-31 Rp33.31 Rp9475.00 x
2006-12-31 Rp42.40 Rp9475.00 x
2007-12-31 Rp36.14 Rp9475.00 x
2008-12-31 Rp29.24 Rp9475.00 x
2009-12-31 Rp36.80 Rp9475.00 x
2010-12-31 Rp35.62 Rp9475.00 x
2011-12-31 Rp31.66 Rp9475.00 x
2012-12-31 Rp35.95 Rp9475.00 x
2013-12-31 Rp959.11 Rp9475.00 x
2014-12-31 Rp534.57 Rp9475.00 x
2015-12-31 Rp554.14 Rp9475.00 x
2016-12-31 Rp580.52 Rp9475.00 x
2017-12-31 Rp599.88 Rp9475.00 x
2018-12-31 Rp628.42 Rp9475.00 x
2019-12-31 Rp653.95 Rp9475.00 x
2020-12-31 Rp696.37 Rp9475.00 x
2021-12-31 Rp761.26 Rp9475.00 x
2022-12-31 Rp855.78 Rp9475.00 x
2023-12-31 Rp903.96 Rp9475.00 x
2024-12-31 Rp984.65 Rp9475.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Indoritel Makmur Internasional 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): 7.68%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 75.09%
  • • Asset Turnover: 0.07x
  • • Equity Multiplier: 1.53x
  • Recent ROE (7.68%) is above the historical average (3.71%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2005 -11.04% -14.14% 0.50x 1.55x Rp-2.84 Billion
2006 -1.07% -1.34% 0.51x 1.55x Rp-1.48 Billion
2007 8.81% 8.38% 0.67x 1.56x Rp-175.11 Million
2008 0.66% 0.49% 0.77x 1.76x Rp-1.11 Billion
2009 1.26% 1.18% 0.93x 1.16x Rp-1.30 Billion
2010 3.04% 2.67% 0.99x 1.15x Rp-1.01 Billion
2011 5.41% 3.78% 1.07x 1.33x Rp-589.97 Million
2012 1.74% 1.59% 0.83x 1.32x Rp-1.05 Billion
2013 2.68% 2137.86% 0.00x 1.00x Rp-526.09 Billion
2014 5.18% 20367.80% 0.00x 1.00x Rp-365.65 Billion
2015 5.30% 4527.98% 0.00x 1.01x Rp-369.30 Billion
2016 4.99% 1813.31% 0.00x 1.01x Rp-412.54 Billion
2017 2.45% 369.63% 0.01x 1.28x Rp-642.51 Billion
2018 3.25% 222.99% 0.01x 1.63x Rp-601.94 Billion
2019 5.64% 202.89% 0.02x 1.67x Rp-404.52 Billion
2020 3.33% 67.26% 0.03x 1.74x Rp-658.90 Billion
2021 8.58% 109.77% 0.05x 1.67x Rp-152.85 Billion
2022 10.62% 113.29% 0.06x 1.56x Rp75.79 Billion
2023 5.62% 51.87% 0.07x 1.62x Rp-561.13 Billion
2024 7.68% 75.09% 0.07x 1.53x Rp-324.55 Billion

Industry Comparison

This section compares Indoritel Makmur Internasional's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $1,408,217,388,825
  • Average return on equity (ROE) among peers: -15.51%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Indoritel Makmur Internasional (DNET) Rp15.02 Trillion -11.04% 0.49x $7.87 Billion
Bali Towerindo Sentra Tbk (BALI) $500.55 Billion 24.13% 1.41x $292.80 Million
Centratama Telekomunikasi Ind (CENT) $84.02 Billion 8.40% 0.06x $180.90 Million
XL Axiata Tbk PT (EXCL) $4.46 Trillion 5.62% 3.22x $2.95 Billion
Smartfren Telecom Tbk (FREN) $792.53 Billion -91.40% 5.00x $1.36 Million
Gihon Telekomunikasi Indonesia Tbk PT (GHON) $669.85 Billion 11.61% 0.24x $57.69 Million
Inti Bangun Sejahtera Tbk (IBST) $2.17 Trillion -85.36% 1.04x $670.86 Million
Indosat Tbk (ISAT) $3.85 Trillion 20.36% 0.11x $3.77 Billion
Jasnita Telekomindo Tbk PT (JAST) $10.51 Billion -36.57% 4.47x $6.28 Million
LCK Global Kedaton (LCKM) $134.03 Billion 3.59% 0.09x $7.85 Million

About Indoritel Makmur Internasional

JK:DNET Indonesia Telecom Services
Market Cap
$7.87 Billion
Rp134.39 Trillion IDR
Market Cap Rank
#2644 Global
#13 in Indonesia
Share Price
Rp9475.00
Change (1 day)
+0.80%
52-Week Range
Rp8750.00 - Rp10325.00
All Time High
Rp11300.00
Categories
Companies in Indonesia Telecom Services
About

PT Indoritel Makmur Internasional Tbk., together with its subsidiaries, provides fiber optic network services primarily in Indonesia. It operates through Corporate, Retail, and Other segments. The company offers optical fiber-based telecommunication data service products for home/broadband FTTH customers to telecommunications operators and internet service provider companies. It is also involved … Read more