Tirta Mahakam Resources Tbk

JK:TIRT Indonesia Lumber & Wood Production
Market Cap
$62.19 Million
Rp1.01 Trillion IDR
Market Cap Rank
#33332 Global
#714 in Indonesia
Share Price
Rp1000.00
Change (1 day)
+6.95%
52-Week Range
Rp44.00 - Rp1000.00
All Time High
Rp1000.00
Categories
Companies in Indonesia Lumber & Wood Production
About

PT Tirta Mahakam Resources Tbk manufactures and sells plywood and related wood products in Indonesia. The company offers floorbase, general plywood, laminated/multi plywood, concrete panel, blockboard, moulding, bare core, general panel, polyester plywood, and polyester blockboard. It also exports its products to Japan, Korea, Taiwan, India, Europe, and the United States. The company was formerly… Read more

Tirta Mahakam Resources Tbk (TIRT) - Net Assets

Latest net assets as of September 2025: Rp-708.81 Billion IDR

Based on the latest financial reports, Tirta Mahakam Resources Tbk (TIRT) has net assets worth Rp-708.81 Billion IDR as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp361.67 Billion) and total liabilities (Rp1.07 Trillion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets Rp-708.81 Billion
% of Total Assets -195.98%
Annual Growth Rate N/A
5-Year Change N/A
10-Year Change -841.17%
Growth Volatility 259.34

Tirta Mahakam Resources Tbk - Net Assets Trend (2000–2024)

This chart illustrates how Tirta Mahakam Resources Tbk's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Tirta Mahakam Resources Tbk (2000–2024)

The table below shows the annual net assets of Tirta Mahakam Resources Tbk from 2000 to 2024.

Year Net Assets Change
2024-12-31 Rp-675.66 Billion -6.31%
2023-12-31 Rp-635.58 Billion -5.60%
2022-12-31 Rp-601.89 Billion -16.93%
2021-12-31 Rp-514.75 Billion -31.88%
2020-12-31 Rp-390.32 Billion -1185.85%
2019-12-31 Rp35.95 Billion -58.91%
2018-12-31 Rp87.49 Billion -29.35%
2017-12-31 Rp123.82 Billion -2.35%
2016-12-31 Rp126.81 Billion +39.10%
2015-12-31 Rp91.16 Billion +10.96%
2014-12-31 Rp82.15 Billion +39.21%
2013-12-31 Rp59.01 Billion -43.95%
2012-12-31 Rp105.29 Billion -23.43%
2011-12-31 Rp137.51 Billion +3.11%
2010-12-31 Rp133.36 Billion -6.91%
2009-12-31 Rp143.26 Billion +9.48%
2008-12-31 Rp130.86 Billion -34.11%
2007-12-31 Rp198.59 Billion +0.40%
2006-12-31 Rp197.81 Billion -17.01%
2005-12-31 Rp238.34 Billion +5.05%
2004-12-31 Rp226.89 Billion +34.15%
2003-12-31 Rp169.13 Billion +19.66%
2002-12-31 Rp141.35 Billion +16.50%
2001-12-31 Rp121.33 Billion +2.67%
2000-12-31 Rp118.17 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Tirta Mahakam Resources Tbk'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 decreased by 4300.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock Rp126.47 Billion %
Other Comprehensive Income Rp71.72 Billion %
Other Components Rp16.24 Billion %
Total Equity Rp-675.66 Billion 100.00%

Tirta Mahakam Resources Tbk Competitors by Market Cap

The table below lists competitors of Tirta Mahakam Resources Tbk ranked by their market capitalization.

Company Market Cap
Oragenics Inc
NYSE MKT:OGEN
 		$2.74 Million
Winfarm
PA:ALWF
 		$2.74 Million
Fast Finance Pay Corp.
PINK:FFPP
 		$2.74 Million
Fathom Nickel Inc
OTCQB:FNICF
 		$2.74 Million
KIBO ENERGY PLC EO -001
F:1I8
 		$2.74 Million
Equippp Social Impact Technologies Limited
NSE:EQUIPPP
 		$2.73 Million
Roquefort Therapeutics plc
PINK:ROQAF
 		$2.73 Million
Manufatura de Brinquedos Estrela SA
SA:ESTR3
 		$2.73 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tirta Mahakam Resources Tbk's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from -635,584,467,177 to -675,659,087,818, a change of -40,074,620,641.
  • Net loss of 40,368,273,000 reduced equity.
  • New share issuances of 41,503,503,072 increased equity.
  • Other comprehensive income increased equity by 1,193,652,518.
  • Other factors decreased equity by 42,403,503,231.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Rp-40.37 Billion -5.97%
Share Issuances Rp41.50 Billion +6.14%
Other Comprehensive Income Rp1.19 Billion +0.18%
Other Changes Rp-42.40 Billion -6.28%
Total Change Rp- %

Book Value vs Market Value Analysis

This analysis compares Tirta Mahakam Resources Tbk'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

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-12-31 Rp190.84 Rp1000.00 x
2006-12-31 Rp195.50 Rp1000.00 x
2007-12-31 Rp196.28 Rp1000.00 x
2008-12-31 Rp129.34 Rp1000.00 x
2009-12-31 Rp141.60 Rp1000.00 x
2010-12-31 Rp131.81 Rp1000.00 x
2011-12-31 Rp135.91 Rp1000.00 x
2012-12-31 Rp104.07 Rp1000.00 x
2013-12-31 Rp58.33 Rp1000.00 x
2014-12-31 Rp81.20 Rp1000.00 x
2015-12-31 Rp90.10 Rp1000.00 x
2016-12-31 Rp125.33 Rp1000.00 x
2017-12-31 Rp122.38 Rp1000.00 x
2018-12-31 Rp86.47 Rp1000.00 x
2019-12-31 Rp35.53 Rp1000.00 x
2020-12-31 Rp-385.78 Rp1000.00 x
2021-12-31 Rp-508.76 Rp1000.00 x
2022-12-31 Rp-594.89 Rp1000.00 x
2023-12-31 Rp-628.19 Rp1000.00 x
2024-12-31 Rp-667.80 Rp1000.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tirta Mahakam Resources Tbk 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): 0.00%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -55559.30%
  • • Asset Turnover: 0.00x
  • • Equity Multiplier: 0.00x
  • Recent ROE (0.00%) is above the historical average (-16.03%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 11.09% 4.01% 1.13x 2.45x Rp1.26 Billion
2001 8.81% 2.73% 1.14x 2.82x Rp-1.42 Billion
2002 9.08% 3.03% 0.94x 3.18x Rp-1.16 Billion
2003 4.18% 1.54% 0.77x 3.51x Rp-8.77 Billion
2004 5.36% 1.34% 0.93x 4.31x Rp-8.71 Billion
2005 6.34% 1.32% 1.08x 4.44x Rp-7.07 Billion
2006 0.65% 0.18% 1.23x 2.88x Rp-18.49 Billion
2007 0.40% 0.10% 1.40x 2.79x Rp-19.07 Billion
2008 -51.76% -10.46% 1.14x 4.33x Rp-80.82 Billion
2009 8.66% 1.99% 0.99x 4.38x Rp-1.92 Billion
2010 -7.43% -1.61% 1.07x 4.33x Rp-23.24 Billion
2011 3.02% 0.72% 0.83x 5.02x Rp-9.60 Billion
2012 -30.60% -4.94% 0.96x 6.45x Rp-42.75 Billion
2013 -233.71% -18.62% 1.02x 12.25x Rp-143.82 Billion
2014 28.17% 2.84% 1.14x 8.69x Rp14.93 Billion
2015 -0.95% -0.10% 1.12x 8.37x Rp-9.98 Billion
2016 22.86% 3.44% 1.03x 6.43x Rp16.31 Billion
2017 0.81% 0.13% 0.93x 6.94x Rp-11.38 Billion
2018 -41.70% -3.50% 1.13x 10.55x Rp-45.23 Billion
2019 -143.95% -8.01% 0.72x 24.92x Rp-55.34 Billion
2020 0.00% -245.38% 0.43x 0.00x Rp-375.37 Billion
2021 0.00% -807.07% 0.06x 0.00x Rp-75.04 Billion
2022 0.00% -9333.12% 0.00x 0.00x Rp-26.16 Billion
2023 0.00% -149188.86% 0.00x 0.00x Rp30.20 Billion
2024 0.00% -55559.30% 0.00x 0.00x Rp27.20 Billion

Industry Comparison

This section compares Tirta Mahakam Resources Tbk's net assets metrics with peer companies in the Lumber & Wood Production industry.

Industry Context

  • Industry: Lumber & Wood Production
  • Average net assets among peers: $268,560,375,775
  • Average return on equity (ROE) among peers: -38.19%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tirta Mahakam Resources Tbk (TIRT) Rp-708.81 Billion 11.09% N/A $2.74 Million
Wijaya Cahaya Timber (FWCT) $190.76 Billion 0.00% 0.82x $2.74 Million
Indonesia Fibreboard Industry PT (IFII) $1.08 Trillion 7.60% 0.07x $24.40 Million
Darmi Bersaudara Tbk PT (KAYU) $78.10 Billion 4.23% 0.35x $453.44K
Singaraja Putra (SINI) $-9.43 Billion 0.00% 0.00x $136.23 Million
Slj Global Tbk (SULI) $4.56 Million -202.78% 22.01x $689.43K