Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Terang Dunia Internusa Tbk Pt
Physical assets are 60.7% of total assets, a heavy footprint. Capex is 22.21x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by -0.05x, which is below 1.
Fixed-asset turnover is 2.29x. Compare it with other names in the same basket.
Physical asset ratio
60.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 180.57BpropertyPlantEquipmentInventoryIDR 561.08BinventoryTotal assetsIDR 1,222.47BtotalAssetsUses the property line, which is larger than net PP&E (IDR 131.40B, propertyPlantAndEquipmentNet).Result 60.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
2.29xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueIDR 412.95BtotalRevenueNet PP&EIDR 180.57BpropertyPlantEquipmentResult 2.29x
Revenue per dollar of the physical asset base.
Capex / D&A
22.21xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexIDR 37.55BcapitalExpendituresD&AIDR 1.69BreconciledDepreciationResult 22.21x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
IDR 76.86Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1,222.47BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 49.17BintangibleAssetsLiabilitiesIDR 660.92BtotalLiabTangible bookIDR 512.38BShares6,666,666,700commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 76.86
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.79xPrice / tangible bookPrice / tangible book per sharePriceIDR 61.00Latest quoteTangible book / shareIDR 76.862025-12-31Result 0.79x
Price IDR 61.00.
Fixed-charge coverage
-0.05xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 12.89BebitdaCapexIDR 37.55BcapitalExpendituresInterestIDR 2.89BinterestExpenseShort-term debtIDR 486.67BshortTermDebtEBITDA − capex-IDR 24.66BPrincipal due is short-term debt.Result -0.05x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-10.3%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-IDR 42.55BfreeCashFlowMarket capIDR 413.33BMarketCapitalizationResult -10.3%
Latest free cash flow divided by current market cap (IDR 413.33B).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 13.47BoperatingIncomeTax expense-IDR 464.72MtaxProvisionPretax income-IDR 33.71BincomeBeforeTaxTax rate—EquityIDR 561.55BtotalStockholderEquityDebtIDR 589.62BlongTermDebt + shortLongTermDebtCashIDR 167.18BcashInvested capitalIDR 983.99BROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.07x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2021 | 70.3%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 115.83BpropertyPlantAndEquipmentNetInventoryIDR 408.16BinventoryTotal assetsIDR 745.55BtotalAssetsResult 70.3% | 4.33xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueIDR 502.02BtotalRevenueNet PP&EIDR 115.83BpropertyPlantAndEquipmentNetResult 4.33x | 9.57xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexIDR 15.15BcapitalExpendituresD&AIDR 1.58BreconciledDepreciationResult 9.57x | IDR 19.89Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 745.55BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 29.60BintangibleAssetsLiabilitiesIDR 583.37BtotalLiabTangible bookIDR 132.58BShares6,666,666,700commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 19.89 | 0.17xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 94.00BOperating income + D&ACapexIDR 15.15BcapitalExpendituresInterestIDR 36.20BinterestExpenseShort-term debtIDR 436.10BshortLongTermDebtEBITDA − capexIDR 78.85BEBITDA is operating income plus D&A because the income statement did not report EBITDA.Principal due is the current portion of debt.Result 0.17x | -IDR 149.19BFree cash flow · 2021-12-31Reported free cash flowOperating cash flow—Not reportedCapexIDR 15.15BcapitalExpendituresFree cash flow-IDR 149.19BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 149.19B | 11.6%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 92.42BoperatingIncomeTax expenseIDR 11.85BtaxProvisionPretax incomeIDR 52.86BincomeBeforeTaxTax rate22.4%EquityIDR 162.19BtotalStockholderEquityDebtIDR 457.15BlongTermDebt + shortLongTermDebtCashIDR 1.86BcashInvested capitalIDR 617.47BResult 11.6% | 0.80xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeIDR 92.42BoperatingIncomeNet PP&EIDR 115.83BpropertyPlantAndEquipmentNetResult 0.80x |
| 2022 | 66.9%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 133.98BpropertyPlantEquipmentInventoryIDR 376.11BinventoryTotal assetsIDR 762.96BtotalAssetsUses the property line, which is larger than net PP&E (IDR 104.38B, propertyPlantAndEquipmentNet).Result 66.9% | 3.13xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueIDR 419.17BtotalRevenueNet PP&EIDR 133.98BpropertyPlantEquipmentResult 3.13x | 1.58xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexIDR 2.10BcapitalExpendituresD&AIDR 1.33BreconciledDepreciationResult 1.58x | IDR 20.80Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 762.96BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 29.60BintangibleAssetsLiabilitiesIDR 594.67BtotalLiabTangible bookIDR 138.69BShares6,666,666,700commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 20.80 | 0.22xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 88.70BebitdaCapexIDR 2.10BcapitalExpendituresInterestIDR 1.25BinterestExpenseShort-term debtIDR 385.27BshortTermDebtEBITDA − capexIDR 86.60BPrincipal due is short-term debt.Result 0.22x | -IDR 37.59BFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-IDR 35.49BtotalCashFromOperatingActivitiesCapexIDR 2.10BcapitalExpendituresFree cash flow-IDR 37.59BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 37.59B | 10.3%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 88.41BoperatingIncomeTax expenseIDR 13.93BtaxProvisionPretax incomeIDR 56.02BincomeBeforeTaxTax rate24.9%EquityIDR 168.29BtotalStockholderEquityDebtIDR 475.28BlongTermDebt + shortLongTermDebtCashIDR 185.74McashInvested capitalIDR 643.39BResult 10.3% | 0.66xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeIDR 88.41BoperatingIncomeNet PP&EIDR 133.98BpropertyPlantEquipmentResult 0.66x |
| 2023 | 68.8%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 131.27BpropertyPlantEquipmentInventoryIDR 505.47BinventoryTotal assetsIDR 925.06BtotalAssetsUses the property line, which is larger than net PP&E (IDR 97.10B, propertyPlantAndEquipmentNet).Result 68.8% | 5.22xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueIDR 684.62BtotalRevenueNet PP&EIDR 131.27BpropertyPlantEquipmentResult 5.22x | 5.38xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexIDR 7.70BcapitalExpendituresD&AIDR 1.43BreconciledDepreciationResult 5.38x | IDR 28.14Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 925.06BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 34.16BintangibleAssetsLiabilitiesIDR 703.31BtotalLiabTangible bookIDR 187.59BShares6,666,666,700commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 28.14 | 0.20xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 106.95BebitdaCapexIDR 7.70BcapitalExpendituresInterestIDR 3.06BinterestExpenseShort-term debtIDR 481.61BshortTermDebtEBITDA − capexIDR 99.25BPrincipal due is short-term debt.Result 0.20x | -IDR 55.83BFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-IDR 48.13BtotalCashFromOperatingActivitiesCapexIDR 7.70BcapitalExpendituresFree cash flow-IDR 55.83BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 55.83B | 10.6%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 107.23BoperatingIncomeTax expenseIDR 15.64BtaxProvisionPretax incomeIDR 68.64BincomeBeforeTaxTax rate22.8%EquityIDR 221.75BtotalStockholderEquityDebtIDR 557.55BlongTermDebt + shortLongTermDebtCashIDR 245.64McashInvested capitalIDR 779.05BResult 10.6% | 0.82xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeIDR 107.23BoperatingIncomeNet PP&EIDR 131.27BpropertyPlantEquipmentResult 0.82x |
| 2024 | 61.3%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 159.18BpropertyPlantEquipmentInventoryIDR 593.81BinventoryTotal assetsIDR 1,227.82BtotalAssetsUses the property line, which is larger than net PP&E (IDR 125.02B, propertyPlantAndEquipmentNet).Result 61.3% | 3.60xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueIDR 573.31BtotalRevenueNet PP&EIDR 159.18BpropertyPlantEquipmentResult 3.60x | 24.52xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexIDR 39.76BcapitalExpendituresD&AIDR 1.62BreconciledDepreciationResult 24.52x | IDR 89.05Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1,227.82BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 34.16BintangibleAssetsLiabilitiesIDR 600.00BtotalLiabTangible bookIDR 593.66BShares6,666,666,700commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 89.05 | 0.08xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 73.10BebitdaCapexIDR 39.76BcapitalExpendituresInterestIDR 843.86MinterestExpenseShort-term debtIDR 404.31BshortTermDebtEBITDA − capexIDR 33.34BPrincipal due is short-term debt.Result 0.08x | -IDR 183.96BFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-IDR 144.19BtotalCashFromOperatingActivitiesCapexIDR 39.76BcapitalExpendituresFree cash flow-IDR 183.96BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 183.96B | 5.2%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 70.59BoperatingIncomeTax expenseIDR 8.00BtaxProvisionPretax incomeIDR 28.81BincomeBeforeTaxTax rate27.8%EquityIDR 627.82BtotalStockholderEquityDebtIDR 537.75BlongTermDebt + shortLongTermDebtCashIDR 181.25BcashInvested capitalIDR 984.32BResult 5.2% | 0.44xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeIDR 70.59BoperatingIncomeNet PP&EIDR 159.18BpropertyPlantEquipmentResult 0.44x |
| 2025 | 60.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 180.57BpropertyPlantEquipmentInventoryIDR 561.08BinventoryTotal assetsIDR 1,222.47BtotalAssetsUses the property line, which is larger than net PP&E (IDR 131.40B, propertyPlantAndEquipmentNet).Result 60.7% | 2.29xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueIDR 412.95BtotalRevenueNet PP&EIDR 180.57BpropertyPlantEquipmentResult 2.29x | 22.21xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexIDR 37.55BcapitalExpendituresD&AIDR 1.69BreconciledDepreciationResult 22.21x | IDR 76.86Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1,222.47BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 49.17BintangibleAssetsLiabilitiesIDR 660.92BtotalLiabTangible bookIDR 512.38BShares6,666,666,700commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 76.86 | -0.05xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 12.89BebitdaCapexIDR 37.55BcapitalExpendituresInterestIDR 2.89BinterestExpenseShort-term debtIDR 486.67BshortTermDebtEBITDA − capex-IDR 24.66BPrincipal due is short-term debt.Result -0.05x | -IDR 42.55BFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-IDR 5.00BtotalCashFromOperatingActivitiesCapexIDR 37.55BcapitalExpendituresFree cash flow-IDR 42.55BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 42.55B | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 13.47BoperatingIncomeTax expense-IDR 464.72MtaxProvisionPretax income-IDR 33.71BincomeBeforeTaxTax rate—EquityIDR 561.55BtotalStockholderEquityDebtIDR 589.62BlongTermDebt + shortLongTermDebtCashIDR 167.18BcashInvested capitalIDR 983.99BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.07xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeIDR 13.47BoperatingIncomeNet PP&EIDR 180.57BpropertyPlantEquipmentResult 0.07x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is short-term debt, the amount reported as due within a year.
- The physical ratio uses the property line, which is larger than net corporate PP&E. Real estate portfolios are often carried there.
Latest year inputs (2025)
Net PP&E: IDR 180.57B
Inventory: IDR 561.08B
Total assets: IDR 1,222.47B
Goodwill: IDR 0.00
Intangibles: IDR 49.17B
Liabilities: IDR 660.92B
Tangible book: IDR 512.38B
Shares: 6,666,666,700
Revenue: IDR 412.95B
Capex: IDR 37.55B
D&A: IDR 1.69B
EBITDA: IDR 12.89B
Interest: IDR 2.89B
Short-term debt: IDR 486.67B
Free cash flow: -IDR 42.55B
Operating income: IDR 13.47B
Invested capital: IDR 983.99B
Tax rate: —