Trisula International Tbk
PT Trisula International Tbk, together with its subsidiaries, designs and manufactures garments in Indonesia. It operates through four segments: Manufacturing, Distribution, Uniform, and Retail. The company offers fabrics, jackets, ladies bottom, trouser, casual, and functional clothing, lower garment products, golf sportswear, protective wear jacket and trouser, and others. It is also involved i… Read more
Trisula International Tbk (TRIS) - Net Assets
Latest net assets as of September 2025: Rp808.30 Billion IDR
Based on the latest financial reports, Trisula International Tbk (TRIS) has net assets worth Rp808.30 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 (Rp1.34 Trillion) and total liabilities (Rp534.62 Billion). 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 | Rp808.30 Billion |
| % of Total Assets | 60.19% |
| Annual Growth Rate | 14.25% |
| 5-Year Change | 19.53% |
| 10-Year Change | 128.11% |
| Growth Volatility | 26.39 |
Trisula International Tbk - Net Assets Trend (2011–2024)
This chart illustrates how Trisula International 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 Trisula International Tbk (2011–2024)
The table below shows the annual net assets of Trisula International Tbk from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp770.58 Billion | +6.33% |
| 2023-12-31 | Rp724.74 Billion | +1.79% |
| 2022-12-31 | Rp712.02 Billion | +8.11% |
| 2021-12-31 | Rp658.64 Billion | +2.16% |
| 2020-12-31 | Rp644.70 Billion | -2.41% |
| 2019-12-31 | Rp660.61 Billion | +4.56% |
| 2018-12-31 | Rp631.78 Billion | +77.35% |
| 2017-12-31 | Rp356.23 Billion | +2.77% |
| 2016-12-31 | Rp346.63 Billion | +2.61% |
| 2015-12-31 | Rp337.81 Billion | +9.14% |
| 2014-12-31 | Rp309.51 Billion | +9.64% |
| 2013-12-31 | Rp282.31 Billion | +16.39% |
| 2012-12-31 | Rp242.56 Billion | +77.92% |
| 2011-12-31 | Rp136.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trisula International 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 grown by 1712.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp140.43 Billion | 28.41% |
| Common Stock | Rp314.14 Billion | 63.56% |
| Other Comprehensive Income | Rp7.33 Billion | 1.48% |
| Other Components | Rp32.36 Billion | 6.55% |
| Total Equity | Rp494.26 Billion | 100.00% |
Trisula International Tbk Competitors by Market Cap
The table below lists competitors of Trisula International Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asra Minerals Ltd
AU:ASR
|
$4.15 Million |
|
Agro Phos India Limited
NSE:AGROPHOS
|
$4.15 Million |
|
Better Choice Company Inc
NYSE MKT:BTTR
|
$4.15 Million |
|
Bal Pharma Limited
NSE:BALPHARMA
|
$4.15 Million |
|
Carl Data Solutions Inc
OTCQB:CDTAF
|
$4.14 Million |
|
Longvie SA
BA:LONG
|
$4.14 Million |
|
VERTEX PHARMACEUTIC
MU:VX1
|
$4.14 Million |
|
AHB Holdings Bhd
KLSE:7315
|
$4.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trisula International Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 466,478,619,000 to 494,263,573,000, a change of 27,784,954,000 (6.0%).
- Net income of 46,767,523,000 contributed positively to equity growth.
- Dividend payments of 18,657,799,000 reduced retained earnings.
- Share repurchases of 2,736,350,000 reduced equity.
- Other comprehensive income increased equity by 7,504,358,000.
- Other factors decreased equity by 5,092,778,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp46.77 Billion | +9.46% |
| Dividends Paid | Rp18.66 Billion | -3.77% |
| Share Repurchases | Rp2.74 Billion | -0.55% |
| Other Comprehensive Income | Rp7.50 Billion | +1.52% |
| Other Changes | Rp-5.09 Billion | -1.03% |
| Total Change | Rp- | 5.96% |
Book Value vs Market Value Analysis
This analysis compares Trisula International 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
- Current price-to-book ratio: 1.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.71x to 1.07x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | Rp238.33 | Rp170.00 | x |
| 2016-12-31 | Rp216.03 | Rp170.00 | x |
| 2017-12-31 | Rp232.68 | Rp170.00 | x |
| 2018-12-31 | Rp414.29 | Rp170.00 | x |
| 2019-12-31 | Rp398.33 | Rp170.00 | x |
| 2020-12-31 | Rp136.24 | Rp170.00 | x |
| 2021-12-31 | Rp137.46 | Rp170.00 | x |
| 2022-12-31 | Rp147.28 | Rp170.00 | x |
| 2023-12-31 | Rp149.83 | Rp170.00 | x |
| 2024-12-31 | Rp158.69 | Rp170.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trisula International 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): 9.46%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.08%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 2.55x
- Recent ROE (9.46%) is above the historical average (6.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 15.95% | 5.41% | 1.53x | 1.93x | Rp11.27 Billion |
| 2013 | 15.07% | 4.80% | 1.49x | 2.10x | Rp10.83 Billion |
| 2014 | 10.51% | 3.27% | 1.43x | 2.25x | Rp1.19 Billion |
| 2015 | 9.78% | 2.84% | 1.49x | 2.31x | Rp-552.24 Million |
| 2016 | 2.47% | 0.62% | 1.41x | 2.83x | Rp-17.00 Billion |
| 2017 | 0.61% | 0.19% | 1.42x | 2.24x | Rp-22.88 Billion |
| 2018 | 1.37% | 0.42% | 1.21x | 2.67x | Rp-37.45 Billion |
| 2019 | 0.18% | 0.05% | 1.29x | 2.58x | Rp-43.65 Billion |
| 2020 | -2.48% | -0.93% | 1.07x | 2.50x | Rp-53.40 Billion |
| 2021 | 1.08% | 0.43% | 1.04x | 2.46x | Rp-38.49 Billion |
| 2022 | 7.41% | 2.28% | 1.27x | 2.56x | Rp-11.94 Billion |
| 2023 | 8.17% | 2.59% | 1.26x | 2.51x | Rp-8.56 Billion |
| 2024 | 9.46% | 3.08% | 1.21x | 2.55x | Rp-2.66 Billion |
Industry Comparison
This section compares Trisula International Tbk's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $96,145,886,325
- Average return on equity (ROE) among peers: 6.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trisula International Tbk (TRIS) | Rp808.30 Billion | 15.95% | 0.66x | $4.15 Million |
| PT Samcro Hyosung Adilestari T (ACRO) | $56.68 Billion | 9.10% | 0.89x | $2.43 Million |
| Eratex Djaja Tbk (ERTX) | $26.86 Million | 5.58% | 2.08x | $1.35 Million |
| Pan Brothers Tbk (PBRX) | $85.34 Million | 8.93% | 1.43x | $27.48 Million |
| Golden Flower Tbk PT (POLU) | $128.94 Billion | -4.86% | 0.62x | $137.61 Million |
| Ricky Putra Globalindo Tbk (RICY) | $294.99 Billion | 12.96% | 0.75x | $1.84 Million |