Trust Finance Indonesia Tbk (TRUS) - Net Assets
Based on the latest financial reports, Trust Finance Indonesia Tbk (TRUS) has net assets worth Rp417.52 Billion IDR (≈ $24.47 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp432.73 Billion ≈ $25.36 Million USD) and total liabilities (Rp15.21 Billion ≈ $890.99K 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 asset allocation strategy of Trust Finance Indonesia Tbk to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp417.52 Billion |
| % of Total Assets | 96.49% |
| Annual Growth Rate | 11.04% |
| 5-Year Change | 26.36% |
| 10-Year Change | 75.65% |
| Growth Volatility | 11.8 |
Trust Finance Indonesia Tbk - Net Assets Trend (2001–2025)
This chart illustrates how Trust Finance Indonesia Tbk's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see TRUS market cap.
Annual Net Assets for Trust Finance Indonesia Tbk (2001–2025)
The table below shows the annual net assets of Trust Finance Indonesia Tbk from 2001 to 2025. Also explore how fast is Trust Finance Indonesia Tbk growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp413.02 Billion ≈ $24.20 Million |
+1.98% |
| 2024-12-31 | Rp405.00 Billion ≈ $23.73 Million |
+7.36% |
| 2023-12-31 | Rp377.25 Billion ≈ $22.11 Million |
+7.46% |
| 2022-12-31 | Rp351.06 Billion ≈ $20.57 Million |
+7.41% |
| 2021-12-31 | Rp326.85 Billion ≈ $19.15 Million |
+7.94% |
| 2020-12-31 | Rp302.82 Billion ≈ $17.74 Million |
+6.46% |
| 2019-12-31 | Rp284.43 Billion ≈ $16.67 Million |
+6.72% |
| 2018-12-31 | Rp266.53 Billion ≈ $15.62 Million |
+7.11% |
| 2017-12-31 | Rp248.83 Billion ≈ $14.58 Million |
+5.83% |
| 2016-12-31 | Rp235.13 Billion ≈ $13.78 Million |
+4.84% |
| 2015-12-31 | Rp224.27 Billion ≈ $13.14 Million |
+5.24% |
| 2014-12-31 | Rp213.10 Billion ≈ $12.49 Million |
+4.65% |
| 2013-12-31 | Rp203.64 Billion ≈ $11.93 Million |
+8.34% |
| 2012-12-31 | Rp187.97 Billion ≈ $11.01 Million |
+12.96% |
| 2011-12-31 | Rp166.40 Billion ≈ $9.75 Million |
+14.64% |
| 2010-12-31 | Rp145.14 Billion ≈ $8.50 Million |
+19.28% |
| 2009-12-31 | Rp121.68 Billion ≈ $7.13 Million |
+15.44% |
| 2008-12-31 | Rp105.41 Billion ≈ $6.18 Million |
+13.09% |
| 2007-12-31 | Rp93.21 Billion ≈ $5.46 Million |
+12.32% |
| 2006-12-31 | Rp82.99 Billion ≈ $4.86 Million |
+10.67% |
| 2005-12-31 | Rp74.98 Billion ≈ $4.39 Million |
+8.34% |
| 2004-12-31 | Rp69.21 Billion ≈ $4.06 Million |
+11.17% |
| 2003-12-31 | Rp62.26 Billion ≈ $3.65 Million |
+12.91% |
| 2002-12-31 | Rp55.14 Billion ≈ $3.23 Million |
+64.80% |
| 2001-12-31 | Rp33.46 Billion ≈ $1.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Trust Finance Indonesia 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 10265.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp358.52 Billion | 86.80% |
| Common Stock | Rp40.00 Billion | 9.68% |
| Other Comprehensive Income | Rp8.00 Billion | 1.94% |
| Other Components | Rp6.51 Billion | 1.58% |
| Total Equity | Rp413.02 Billion | 100.00% |
Trust Finance Indonesia Tbk Competitors by Market Cap
The table below lists competitors of Trust Finance Indonesia Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pivotree Inc
V:PVT
|
$21.40 Million |
|
bet-at-home.com AG
F:ACX
|
$21.40 Million |
|
Metavista3D Inc.
V:DDD
|
$21.40 Million |
|
Flagship Investments Ltd
AU:FSI
|
$21.41 Million |
|
Welsbach Technology Metals Acquisition Corp
NASDAQ:WTMA
|
$21.36 Million |
|
Ntaw Holdings Ltd
AU:NTD
|
$21.36 Million |
|
Femasys Inc
NASDAQ:FEMY
|
$21.36 Million |
|
Castor Maritime Inc
NASDAQ:CTRM
|
$21.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trust Finance Indonesia Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 405,000,912,000 to 413,024,205,000, a change of 8,023,293,000 (2.0%).
- Net income of 19,321,992,000 contributed positively to equity growth.
- Dividend payments of 12,000,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp19.32 Billion | +4.68% |
| Dividends Paid | Rp12.00 Billion | -2.91% |
| Other Changes | Rp701.30 Million | +0.17% |
| Total Change | Rp- | 1.98% |
Book Value vs Market Value Analysis
This analysis compares Trust Finance Indonesia 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: 0.88x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.94x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Rp234.96 | Rp456.00 | x |
| 2013-12-31 | Rp254.55 | Rp456.00 | x |
| 2014-12-31 | Rp266.38 | Rp456.00 | x |
| 2015-12-31 | Rp280.34 | Rp456.00 | x |
| 2016-12-31 | Rp293.92 | Rp456.00 | x |
| 2017-12-31 | Rp311.04 | Rp456.00 | x |
| 2018-12-31 | Rp333.16 | Rp456.00 | x |
| 2019-12-31 | Rp355.54 | Rp456.00 | x |
| 2020-12-31 | Rp378.52 | Rp456.00 | x |
| 2021-12-31 | Rp408.57 | Rp456.00 | x |
| 2022-12-31 | Rp438.83 | Rp456.00 | x |
| 2023-12-31 | Rp471.57 | Rp456.00 | x |
| 2024-12-31 | Rp506.25 | Rp456.00 | x |
| 2025-12-31 | Rp516.28 | Rp456.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trust Finance Indonesia 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): 4.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.87%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.04x
- Recent ROE (4.68%) is below the historical average (8.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 1.99% | 5.93% | 0.13x | 2.51x | Rp-2.68 Billion |
| 2002 | 9.53% | 22.63% | 0.23x | 1.81x | Rp-260.52 Million |
| 2003 | 16.25% | 33.95% | 0.24x | 1.98x | Rp3.89 Billion |
| 2004 | 16.26% | 29.37% | 0.20x | 2.74x | Rp4.33 Billion |
| 2005 | 13.03% | 22.39% | 0.22x | 2.69x | Rp2.27 Billion |
| 2006 | 9.64% | 20.06% | 0.22x | 2.18x | Rp-297.96 Million |
| 2007 | 10.97% | 26.69% | 0.21x | 1.93x | Rp904.59 Million |
| 2008 | 11.58% | 26.04% | 0.23x | 1.92x | Rp1.66 Billion |
| 2009 | 13.37% | 34.29% | 0.25x | 1.56x | Rp4.10 Billion |
| 2010 | 12.78% | 36.20% | 0.20x | 1.80x | Rp4.04 Billion |
| 2011 | 12.77% | 31.31% | 0.17x | 2.39x | Rp4.61 Billion |
| 2012 | 11.48% | 44.04% | 0.12x | 2.24x | Rp2.77 Billion |
| 2013 | 7.70% | 38.16% | 0.12x | 1.65x | Rp-4.69 Billion |
| 2014 | 4.76% | 31.05% | 0.12x | 1.25x | Rp-11.16 Billion |
| 2015 | 4.23% | 27.56% | 0.12x | 1.29x | Rp-12.93 Billion |
| 2016 | 5.68% | 37.44% | 0.13x | 1.14x | Rp-10.17 Billion |
| 2017 | 6.82% | 44.25% | 0.14x | 1.13x | Rp-7.92 Billion |
| 2018 | 8.61% | 51.94% | 0.14x | 1.17x | Rp-3.70 Billion |
| 2019 | 5.96% | 35.08% | 0.15x | 1.10x | Rp-11.49 Billion |
| 2020 | 5.99% | 36.76% | 0.15x | 1.07x | Rp-12.14 Billion |
| 2021 | 7.31% | 50.79% | 0.13x | 1.07x | Rp-8.78 Billion |
| 2022 | 6.81% | 48.13% | 0.13x | 1.07x | Rp-11.21 Billion |
| 2023 | 6.89% | 48.23% | 0.13x | 1.13x | Rp-11.73 Billion |
| 2024 | 6.91% | 49.80% | 0.13x | 1.06x | Rp-12.51 Billion |
| 2025 | 4.68% | 41.87% | 0.11x | 1.04x | Rp-21.98 Billion |
Industry Comparison
This section compares Trust Finance Indonesia Tbk's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $968,848,755,183
- Average return on equity (ROE) among peers: 2.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trust Finance Indonesia Tbk (TRUS) | Rp417.52 Billion | 1.99% | 0.04x | $21.38 Million |
| Adira Dinamika Multi Finance (ADMF) | $343.48 Billion | 45.23% | 3.58x | $625.03 Million |
| Buana Finance Tbk (BBLD) | $938.66 Billion | 10.77% | 2.05x | $64.61 Million |
| BFI Finance Indonesia Tbk (BFIN) | $6.08 Trillion | 11.70% | 2.14x | $866.89 Million |
| Batavia Prosperindo Finance (BPFI) | $130.28 Billion | 12.93% | 0.80x | $38.86 Million |
| Clipan Finance Indonesia Tbk (CFIN) | $372.00 Billion | 0.00% | 1.14x | $87.32 Million |
| Danasupra Erapacific Tbk (DEFI) | $41.01 Billion | 3.92% | 0.01x | $4.52 Million |
| Fuji Finance Indonesia Tbk PT (FUJI) | $135.57 Billion | 4.39% | 0.01x | $22.40 Million |
| Radana Bhaskara Finance Tbk (HDFA) | $723.35 Billion | 4.91% | 0.77x | $39.10 Million |
| Intan Baruprana Finance Tbk (IBFN) | $339.93 Billion | -93.31% | 6.17x | $5.60 Million |
| Mandala Multifinance Tbk (MFIN) | $584.03 Billion | 22.72% | 4.36x | $232.92 Million |
About Trust Finance Indonesia Tbk
PT Trust Finance Indonesia Tbk provides financing services in Indonesia. The company offers finances to passenger and commercial vehicles, as well as heavy equipment, including excavators, bulldozers, and others. It provides services through agents and distributors. The company was formerly known as PT KIA Asia Finance and changed its name to PT Trust Finance Indonesia Tbk in February 2002. PT Tr… Read more