Wir Asia Tbk PT (WIRG) - Net Assets
Based on the latest financial reports, Wir Asia Tbk PT (WIRG) has net assets worth Rp890.02 Billion IDR (≈ $52.15 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 (Rp1.53 Trillion ≈ $89.78 Million USD) and total liabilities (Rp642.11 Billion ≈ $37.63 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 WIRG cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp890.02 Billion |
| % of Total Assets | 58.09% |
| Annual Growth Rate | 43.56% |
| 5-Year Change | 570.61% |
| 10-Year Change | N/A |
| Growth Volatility | 112.13 |
Wir Asia Tbk PT - Net Assets Trend (2018–2024)
This chart illustrates how Wir Asia Tbk PT's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Wir Asia Tbk PT for the complete picture of this company's asset base.
Annual Net Assets for Wir Asia Tbk PT (2018–2024)
The table below shows the annual net assets of Wir Asia Tbk PT from 2018 to 2024. For live valuation and market cap data, see WIRG market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp807.69 Billion ≈ $47.33 Million |
+12.94% |
| 2023-12-31 | Rp715.16 Billion ≈ $41.91 Million |
+14.16% |
| 2022-12-31 | Rp626.45 Billion ≈ $36.71 Million |
+316.74% |
| 2021-12-31 | Rp150.32 Billion ≈ $8.81 Million |
+24.81% |
| 2020-12-31 | Rp120.44 Billion ≈ $7.06 Million |
+18.57% |
| 2019-12-31 | Rp101.58 Billion ≈ $5.95 Million |
+10.16% |
| 2018-12-31 | Rp92.21 Billion ≈ $5.40 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wir Asia Tbk PT'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 47.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp12.00 Billion | 1.61% |
| Common Stock | Rp59.69 Billion | 8.03% |
| Other Comprehensive Income | Rp2.58 Billion | 0.35% |
| Other Components | Rp668.76 Billion | 90.00% |
| Total Equity | Rp743.04 Billion | 100.00% |
Wir Asia Tbk PT Competitors by Market Cap
The table below lists competitors of Wir Asia Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zenith Energy Ltd
OL:ZENA
|
$55.26 Million |
|
Budi Starch & Sweetener Tbk
JK:BUDI
|
$55.27 Million |
|
Autopedia Sukses Lestari Tbk PT
JK:ASLC
|
$55.27 Million |
|
Marine & General Bhd
KLSE:5078
|
$55.30 Million |
|
Shin Shin Co Ltd
TW:2901
|
$55.23 Million |
|
Equity Metals Corp
V:EQTY
|
$55.18 Million |
|
Bengang Steel Plates Co Ltd
SHE:200761
|
$55.15 Million |
|
Linq Minerals Limited
AU:LNQ
|
$55.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wir Asia Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 664,907,242,609 to 743,036,241,000, a change of 78,128,998,391 (11.8%).
- Net income of 73,920,990,000 contributed positively to equity growth.
- Share repurchases of 9,054,630,000 reduced equity.
- New share issuances of 9,054,630,000 increased equity.
- Other comprehensive income decreased equity by 7,721,915,987.
- Other factors increased equity by 11,929,924,378.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp73.92 Billion | +9.95% |
| Share Repurchases | Rp9.05 Billion | -1.22% |
| Share Issuances | Rp9.05 Billion | +1.22% |
| Other Comprehensive Income | Rp-7.72 Billion | -1.04% |
| Other Changes | Rp11.93 Billion | +1.61% |
| Total Change | Rp- | 11.75% |
Book Value vs Market Value Analysis
This analysis compares Wir Asia Tbk PT'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: 1.27x
- 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 10.04x to 1.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Rp7.87 | Rp79.00 | x |
| 2019-12-31 | Rp7.14 | Rp79.00 | x |
| 2020-12-31 | Rp8.43 | Rp79.00 | x |
| 2021-12-31 | Rp10.21 | Rp79.00 | x |
| 2022-12-31 | Rp46.01 | Rp79.00 | x |
| 2023-12-31 | Rp54.77 | Rp79.00 | x |
| 2024-12-31 | Rp62.24 | Rp79.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wir Asia Tbk PT 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): 9.95%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.84%
- • Asset Turnover: 1.81x
- • Equity Multiplier: 1.94x
- Recent ROE (9.95%) is below the historical average (10.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 19.38% | 14.06% | 1.02x | 1.35x | Rp8.62 Billion |
| 2019 | 4.87% | 1.93% | 1.47x | 1.71x | Rp-4.99 Billion |
| 2020 | 6.54% | 1.71% | 2.24x | 1.71x | Rp-3.98 Billion |
| 2021 | 15.93% | 3.66% | 2.33x | 1.87x | Rp8.25 Billion |
| 2022 | 6.96% | 2.44% | 1.91x | 1.49x | Rp-18.05 Billion |
| 2023 | 10.38% | 2.77% | 2.21x | 1.69x | Rp2.53 Billion |
| 2024 | 9.95% | 2.84% | 1.81x | 1.94x | Rp-382.63 Million |
Industry Comparison
This section compares Wir Asia Tbk PT's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $552,514,431,488
- Average return on equity (ROE) among peers: -106.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wir Asia Tbk PT (WIRG) | Rp890.02 Billion | 19.38% | 0.72x | $55.26 Million |
| Dunia Virtual Online Tbk Pt (AREA) | $7.51 Billion | 32.56% | 21.32x | $48.21 Million |
| Anabatic Technologies Tbk PT (ATIC) | $311.00 Billion | 12.27% | 5.03x | $73.94 Million |
| DCI Indonesia Tbk PT (DCII) | $1.21 Trillion | 21.52% | 1.46x | $27.69 Billion |
| Indointernet Tbk PT (EDGE) | $1.21 Trillion | 15.36% | 0.33x | $567.03 Million |
| Envy Technologies Indonesia Tbk PT (ENVY) | $22.73 Billion | -1105.79% | 1.95x | $5.27 Million |
| Multipolar Technology Tbk (MLPT) | $882.02 Billion | 19.56% | 1.74x | $2.37 Billion |
| Mastersystem Infotama Tbk. (MSTI) | $1.24 Trillion | 32.24% | 0.88x | $248.34 Million |
| Indosterling Technomedia Tbk (TECH) | $53.02 Billion | 3.13% | 0.23x | $3.68 Million |
| Solusi Sinergi Digital Tbk PT (WIFI) | $32.58 Billion | 8.55% | 11.87x | $730.99 Million |
About Wir Asia Tbk PT
PT WIR ASIA Tbk, together with its subsidiaries, provides digital reality technology development services in Indonesia and internationally. The company operates through: Promotion and Advertising via an Interactive Platform; Software Application Development; Brand and IT Consulting; Transaction Commission via Inter Platform; Goods Sales via an Interactive Platform; and Digital Product Sales via a… Read more