Tirta Mahakam Resources Tbk (TIRT) - Net Assets
Based on the latest financial reports, Tirta Mahakam Resources Tbk (TIRT) has net assets worth Rp-708.81 Billion IDR (≈ $-41.53 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 (Rp361.67 Billion ≈ $21.19 Million USD) and total liabilities (Rp1.07 Trillion ≈ $62.73 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 TIRT cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Tirta Mahakam Resources Tbk (TIRT) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see TIRT market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp-675.66 Billion ≈ $-39.59 Million |
-6.31% |
| 2023-12-31 | Rp-635.58 Billion ≈ $-37.24 Million |
-5.60% |
| 2022-12-31 | Rp-601.89 Billion ≈ $-35.27 Million |
-16.93% |
| 2021-12-31 | Rp-514.75 Billion ≈ $-30.16 Million |
-31.88% |
| 2020-12-31 | Rp-390.32 Billion ≈ $-22.87 Million |
-1185.85% |
| 2019-12-31 | Rp35.95 Billion ≈ $2.11 Million |
-58.91% |
| 2018-12-31 | Rp87.49 Billion ≈ $5.13 Million |
-29.35% |
| 2017-12-31 | Rp123.82 Billion ≈ $7.26 Million |
-2.35% |
| 2016-12-31 | Rp126.81 Billion ≈ $7.43 Million |
+39.10% |
| 2015-12-31 | Rp91.16 Billion ≈ $5.34 Million |
+10.96% |
| 2014-12-31 | Rp82.15 Billion ≈ $4.81 Million |
+39.21% |
| 2013-12-31 | Rp59.01 Billion ≈ $3.46 Million |
-43.95% |
| 2012-12-31 | Rp105.29 Billion ≈ $6.17 Million |
-23.43% |
| 2011-12-31 | Rp137.51 Billion ≈ $8.06 Million |
+3.11% |
| 2010-12-31 | Rp133.36 Billion ≈ $7.81 Million |
-6.91% |
| 2009-12-31 | Rp143.26 Billion ≈ $8.39 Million |
+9.48% |
| 2008-12-31 | Rp130.86 Billion ≈ $7.67 Million |
-34.11% |
| 2007-12-31 | Rp198.59 Billion ≈ $11.64 Million |
+0.40% |
| 2006-12-31 | Rp197.81 Billion ≈ $11.59 Million |
-17.01% |
| 2005-12-31 | Rp238.34 Billion ≈ $13.97 Million |
+5.05% |
| 2004-12-31 | Rp226.89 Billion ≈ $13.29 Million |
+34.15% |
| 2003-12-31 | Rp169.13 Billion ≈ $9.91 Million |
+19.66% |
| 2002-12-31 | Rp141.35 Billion ≈ $8.28 Million |
+16.50% |
| 2001-12-31 | Rp121.33 Billion ≈ $7.11 Million |
+2.67% |
| 2000-12-31 | Rp118.17 Billion ≈ $6.92 Million |
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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 |
|---|---|
|
Picard Medical, Inc.
NYSE MKT:PMI
|
$32.33 Million |
|
Aurora Mobile Ltd
NASDAQ:JG
|
$32.33 Million |
|
Deliveroo Holdings PLC
LSE:ROO
|
$32.33 Million |
|
Elektrocieplownia Bedzin
WAR:BDZ
|
$32.36 Million |
|
Microlink Solutions Bhd
KLSE:0126
|
$32.31 Million |
|
Jiangsu Youli Investment Holding Co Ltd
SHE:000584
|
$32.29 Million |
|
Natuzzi SpA
NYSE:NTZ
|
$32.27 Million |
|
Bowim S.A.
WAR:BOW
|
$32.27 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 | Rp545.00 | x |
| 2006-12-31 | Rp195.50 | Rp545.00 | x |
| 2007-12-31 | Rp196.28 | Rp545.00 | x |
| 2008-12-31 | Rp129.34 | Rp545.00 | x |
| 2009-12-31 | Rp141.60 | Rp545.00 | x |
| 2010-12-31 | Rp131.81 | Rp545.00 | x |
| 2011-12-31 | Rp135.91 | Rp545.00 | x |
| 2012-12-31 | Rp104.07 | Rp545.00 | x |
| 2013-12-31 | Rp58.33 | Rp545.00 | x |
| 2014-12-31 | Rp81.20 | Rp545.00 | x |
| 2015-12-31 | Rp90.10 | Rp545.00 | x |
| 2016-12-31 | Rp125.33 | Rp545.00 | x |
| 2017-12-31 | Rp122.38 | Rp545.00 | x |
| 2018-12-31 | Rp86.47 | Rp545.00 | x |
| 2019-12-31 | Rp35.53 | Rp545.00 | x |
| 2020-12-31 | Rp-385.78 | Rp545.00 | x |
| 2021-12-31 | Rp-508.76 | Rp545.00 | x |
| 2022-12-31 | Rp-594.89 | Rp545.00 | x |
| 2023-12-31 | Rp-628.19 | Rp545.00 | x |
| 2024-12-31 | Rp-667.80 | Rp545.00 | 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: $296,056,973,031
- Average return on equity (ROE) among peers: 4.77%
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 | $32.31 Million |
| Indonesia Fibreboard Industry PT (IFII) | $1.14 Trillion | 8.50% | 0.53x | $121.33 Million |
| Darmi Bersaudara Tbk PT (KAYU) | $1.72 Billion | 1.16% | 4.91x | $701.39K |
| Singaraja Putra (SINI) | $40.03 Billion | 9.41% | 3.37x | $366.40 Million |
| Slj Global Tbk (SULI) | $-4.80 Million | 0.00% | 0.00x | $37.78 Million |
About Tirta Mahakam Resources Tbk
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