Trust Finance Indonesia Tbk (TRUS) - Net Assets

Latest as of March 2026: Rp413.07 Billion IDR ≈ $24.20 Million USD

Based on the latest financial reports, Trust Finance Indonesia Tbk (TRUS) has net assets worth Rp413.07 Billion IDR (≈ $24.20 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp429.74 Billion ≈ $25.18 Million USD) and total liabilities (Rp16.67 Billion ≈ $976.89K 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. Also explore TRUS total asset value for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp413.07 Billion
% of Total Assets	96.12%
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. Check Trust Finance Indonesia Tbk (TRUS) tangible equity ratio to evaluate the tangible quality of the company's equity base.

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. For live valuation and market cap data, see Trust Finance Indonesia Tbk (TRUS) total market value.

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	--

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
STAK Inc. Ordinary Shares NASDAQ:STAK	$19.32 Million
INVENIA Co. Ltd KQ:079950	$19.32 Million
Carnavale Resources Limited F:YBB	$19.32 Million
Rapid Synergy Bhd KLSE:7765	$19.32 Million
Tandy Leather Factory Inc NASDAQ:TLF	$19.30 Million
Viva Gold Corp V:VAU	$19.30 Million
Mycron Steel Bhd KLSE:5087	$19.30 Million
Nacon Sa PA:NACON	$19.29 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: 0.80x
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 1.75x to 0.80x 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	Rp412.00	x
2013-12-31	Rp254.55	Rp412.00	x
2014-12-31	Rp266.38	Rp412.00	x
2015-12-31	Rp280.34	Rp412.00	x
2016-12-31	Rp293.92	Rp412.00	x
2017-12-31	Rp311.04	Rp412.00	x
2018-12-31	Rp333.16	Rp412.00	x
2019-12-31	Rp355.54	Rp412.00	x
2020-12-31	Rp378.52	Rp412.00	x
2021-12-31	Rp408.57	Rp412.00	x
2022-12-31	Rp438.83	Rp412.00	x
2023-12-31	Rp471.57	Rp412.00	x
2024-12-31	Rp506.25	Rp412.00	x
2025-12-31	Rp516.28	Rp412.00	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: $600,158,641,209
Average return on equity (ROE) among peers: 11.49%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Trust Finance Indonesia Tbk (TRUS)	Rp413.07 Billion	1.99%	0.04x	$19.31 Million
Adira Dinamika Multi Finance (ADMF)	$2.65 Trillion	45.71%	0.63x	$623.24 Million
Buana Finance Tbk (BBLD)	$873.37 Billion	4.71%	0.57x	$56.90 Million
BFI Finance Indonesia Tbk (BFIN)	$-880.48 Billion	0.00%	0.00x	$805.28 Million
Batavia Prosperindo Finance (BPFI)	$980.53 Billion	5.29%	0.34x	$40.74 Million
Clipan Finance Indonesia Tbk (CFIN)	$1.48 Trillion	13.55%	0.82x	$80.32 Million
Danasupra Erapacific Tbk (DEFI)	$59.97 Billion	14.75%	0.02x	$4.16 Million
Fuji Finance Indonesia Tbk PT (FUJI)	$161.33 Billion	2.40%	0.02x	$15.39 Million
Radana Bhaskara Finance Tbk (HDFA)	$720.37 Billion	5.80%	1.41x	$35.27 Million
Intan Baruprana Finance Tbk (IBFN)	$-631.13 Billion	0.00%	0.00x	$5.60 Million
Mandala Multifinance Tbk (MFIN)	$584.03 Billion	22.72%	4.36x	$232.92 Million

About Trust Finance Indonesia Tbk

JK:TRUS Indonesia Credit Services

Market Cap

$19.31 Million

Rp329.60 Billion IDR

Market Cap Rank

#25184 Global

#537 in Indonesia

Share Price

Rp412.00

Change (1 day)

-0.96%

52-Week Range

Rp236.00 - Rp605.00

All Time High

Rp1570.00