King Tire Indonesia
PT King Tire Indonesia Tbk manufactures and sells tubes and tires in Indonesia. It offers tubes and tires for bicycles, motorcycles, and cars. The company was founded in 1977 and is based in Serang, Indonesia.
King Tire Indonesia (TYRE) - Net Assets
Latest net assets as of September 2025: Rp328.33 Billion IDR
Based on the latest financial reports, King Tire Indonesia (TYRE) has net assets worth Rp328.33 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 (Rp588.20 Billion) and total liabilities (Rp259.87 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 | Rp328.33 Billion |
| % of Total Assets | 55.82% |
| Annual Growth Rate | 31.06% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 28.82 |
King Tire Indonesia - Net Assets Trend (2022–2024)
This chart illustrates how King Tire Indonesia's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for King Tire Indonesia (2022–2024)
The table below shows the annual net assets of King Tire Indonesia from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp309.08 Billion | +5.39% |
| 2023-12-31 | Rp293.27 Billion | +63.04% |
| 2022-12-31 | Rp179.87 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to King Tire Indonesia'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 104.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp69.56 Billion | 22.51% |
| Common Stock | Rp173.90 Billion | 56.27% |
| Other Components | Rp65.61 Billion | 21.23% |
| Total Equity | Rp309.08 Billion | 100.00% |
King Tire Indonesia Competitors by Market Cap
The table below lists competitors of King Tire Indonesia ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Launch Two Acquisition Corp. Warrant
NASDAQ:LPBBW
|
$4.47 Million |
|
Prismaflex Intl
PA:ALPRI
|
$4.47 Million |
|
Chamni's Eye PCL
BK:CEYE
|
$4.47 Million |
|
Red Sky Energy Ltd
AU:ROG
|
$4.47 Million |
|
Australian Oilseeds Holdings Limited Ordinary Shares
NASDAQ:COOT
|
$4.47 Million |
|
GT Biopharma Inc
NASDAQ:GTBP
|
$4.47 Million |
|
Coastal Greenland Limited
F:CGR0
|
$4.47 Million |
|
Palamina Corp
OTCQB:PLMNF
|
$4.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in King Tire Indonesia's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 293,265,692,810 to 309,076,322,770, a change of 15,810,629,960 (5.4%).
- Net income of 22,694,149,480 contributed positively to equity growth.
- Dividend payments of 6,956,081,990 reduced retained earnings.
- Share repurchases of 3,052,800 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp22.69 Billion | +7.34% |
| Dividends Paid | Rp6.96 Billion | -2.25% |
| Share Repurchases | Rp3.05 Million | -0.0% |
| Other Changes | Rp75.62 Million | +0.02% |
| Total Change | Rp- | 5.39% |
Book Value vs Market Value Analysis
This analysis compares King Tire Indonesia'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: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.76x to 1.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | Rp64.75 | Rp114.00 | x |
| 2023-12-31 | Rp84.32 | Rp114.00 | x |
| 2024-12-31 | Rp88.86 | Rp114.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently King Tire Indonesia 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): 7.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.83%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.82x
- Recent ROE (7.34%) is below the historical average (8.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 11.61% | 4.12% | 1.39x | 2.03x | Rp2.90 Billion |
| 2023 | 6.73% | 3.83% | 1.12x | 1.57x | Rp-9.59 Billion |
| 2024 | 7.34% | 3.83% | 1.05x | 1.82x | Rp-8.21 Billion |
Industry Comparison
This section compares King Tire Indonesia's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,341,787,902,888
- Average return on equity (ROE) among peers: 12.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| King Tire Indonesia (TYRE) | Rp328.33 Billion | 11.61% | 0.79x | $4.47 Million |
| PT. Anugerah Spareparts Sejahtera Tbk (AEGS) | $67.94 Billion | 1.42% | 0.09x | $1.01 Million |
| Astra Otoparts Tbk (AUTO) | $2.79 Trillion | 20.28% | 0.43x | $155.83 Million |
| Dharma Polimetal Tbk PT (DRMA) | $391.82 Billion | 31.68% | 2.43x | $54.80 Million |
| Goodyear Indonesia Tbk (GDYR) | $296.73 Billion | 0.27% | 2.45x | $3.31 Million |
| Gajah Tunggal Tbk (GJTL) | $7.23 Trillion | -2.64% | 1.63x | $77.13 Million |
| Indospring Tbk (INDS) | $226.35 Billion | 31.42% | 2.40x | $18.97 Million |
| Kirana Megatara Tbk PT (KMTR) | $2.07 Trillion | 9.41% | 1.48x | $9.92 Million |
| Multi Prima Sejahtera Tbk (LPIN) | $284.02 Billion | 8.24% | 0.09x | $2.10 Million |
| Multistrada Arah Sarana Tbk (MASA) | $336.99 Million | -2.40% | 0.95x | $909.88K |
| PT Cipta Perdana Lancar Tbk (PART) | $63.54 Billion | 25.16% | 2.48x | $4.93 Million |