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.
PT Dewi Shri Farmindo Tbk
Physical assets are 35.8% of total assets, a mixed footprint. Capex is 0.00x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 4.2%, below an 8% cost-of-capital hurdle.
Fixed-asset turnover is 1.95x. Compare it with other names in the same basket.
Physical asset ratio
35.8%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 42.14BpropertyPlantEquipmentInventoryIDR 23.19BinventoryTotal assetsIDR 182.42BtotalAssetsResult 35.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.95xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueIDR 82.21BtotalRevenueNet PP&EIDR 42.14BpropertyPlantEquipmentResult 1.95x
Revenue per dollar of the physical asset base.
Capex / D&A
0.00xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexIDR 0.00capitalExpendituresD&AIDR 331.06MdepreciationAndAmortizationResult 0.00x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
IDR 81.50Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 182.42BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 0.00Not reported, treated as 0LiabilitiesIDR 19.42BtotalLiabTangible bookIDR 163.01BShares2,000,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result IDR 81.50
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
2.87xPrice / tangible bookPrice / tangible book per sharePriceIDR 234.00Latest quoteTangible book / shareIDR 81.502025-12-31Result 2.87x
Price IDR 234.00.
Fixed-charge coverage
1.39xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 8.66BebitdaCapexIDR 0.00capitalExpendituresInterestIDR 1.69BinterestExpenseShort-term debtIDR 4.56BshortTermDebtEBITDA − capexIDR 8.66BPrincipal due is short-term debt.Result 1.39x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
2.0%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowIDR 9.13BfreeCashFlowMarket capIDR 468.00BMarketCapitalizationResult 2.0%
Latest free cash flow divided by current market cap (IDR 468.00B).
ROIC
4.2%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 8.33BoperatingIncomeTax expenseIDR 1.62BincomeTaxExpensePretax incomeIDR 8.52BincomeBeforeTaxTax rate19.0%EquityIDR 163.01BtotalStockholderEquityDebtIDR 15.18BshortLongTermDebtTotalCashIDR 18.94BcashAndShortTermInvestmentsInvested capitalIDR 159.24BResult 4.2%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.20x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | —Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventoryIDR 487.61MinventoryTotal assetsIDR 1.72BtotalAssetsResult — | —Fixed asset turnover · 2019-12-31Revenue / net PP&ERevenueIDR 4.54BtotalRevenueNet PP&E—Not reportedResult — | 0.00xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexIDR 0.00capitalExpendituresD&AIDR 1.14BdepreciationAndAmortizationResult 0.00x | IDR 0.63Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1.72BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 0.00Not reported, treated as 0LiabilitiesIDR 463.49MtotalLiabTangible bookIDR 1.26BShares2,000,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result IDR 0.63 | —Fixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 1.14BebitdaCapexIDR 0.00capitalExpendituresInterestIDR 0.00interestExpenseShort-term debtIDR 0.00shortTermDebtEBITDA − capexIDR 1.14BPrincipal due is short-term debt.Result — | -IDR 673.07MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-IDR 673.07MtotalCashFromOperatingActivitiesCapexIDR 0.00capitalExpendituresFree cash flow-IDR 673.07MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 673.07M | 28.4%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 283.86MoperatingIncomeTax expenseIDR 22.71MincomeTaxExpensePretax incomeIDR 283.86MincomeBeforeTaxTax rate8.0%EquityIDR 1.26BtotalStockholderEquityDebtIDR 0.00longTermDebtCashIDR 342.03McashInvested capitalIDR 919.12MResult 28.4% | —EBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeIDR 283.86MoperatingIncomeNet PP&E—Not reportedResult — |
| 2020 | —Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventoryIDR 1.34BinventoryTotal assetsIDR 11.48BtotalAssetsResult — | —Fixed asset turnover · 2020-12-31Revenue / net PP&ERevenueIDR 22.90BtotalRevenueNet PP&E—Not reportedResult — | 0.00xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexIDR 0.00capitalExpendituresD&AIDR 4.90BdepreciationAndAmortizationResult 0.00x | IDR 3.06Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 11.48BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 0.00Not reported, treated as 0LiabilitiesIDR 5.36BtotalLiabTangible bookIDR 6.12BShares2,000,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result IDR 3.06 | 1.23xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 4.90BebitdaCapexIDR 0.00capitalExpendituresInterestIDR 0.00interestExpenseShort-term debtIDR 4.00BshortTermDebtEBITDA − capexIDR 4.90BPrincipal due is short-term debt.Result 1.23x | IDR 467.41MFree cash flow · 2020-12-31Reported free cash flowOperating cash flowIDR 467.41MtotalCashFromOperatingActivitiesCapexIDR 0.00capitalExpendituresFree cash flowIDR 467.41MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result IDR 467.41M | 54.2%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 4.94BoperatingIncomeTax expenseIDR 114.48MincomeTaxExpensePretax incomeIDR 4.90BincomeBeforeTaxTax rate2.3%EquityIDR 6.12BtotalStockholderEquityDebtIDR 4.00BshortLongTermDebtTotalCashIDR 1.21BcashInvested capitalIDR 8.91BResult 54.2% | —EBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeIDR 4.94BoperatingIncomeNet PP&E—Not reportedResult — |
| 2021 | 40.4%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 26.54BpropertyPlantAndEquipmentNetInventoryIDR 7.88BinventoryTotal assetsIDR 85.11BtotalAssetsResult 40.4% | 3.09xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueIDR 82.13BtotalRevenueNet PP&EIDR 26.54BpropertyPlantAndEquipmentNetResult 3.09x | 4.12xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexIDR 2.14BcapitalExpendituresD&AIDR 517.80MdepreciationAndAmortizationResult 4.12x | IDR 31.54Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 85.11BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 9.24BintangibleAssetsLiabilitiesIDR 12.78BtotalLiabTangible bookIDR 63.09BShares2,000,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 31.54 | 0.87xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 9.77BebitdaCapexIDR 2.14BcapitalExpendituresInterestIDR 1.37BinterestExpenseShort-term debtIDR 7.40BshortTermDebtEBITDA − capexIDR 7.63BPrincipal due is short-term debt.Result 0.87x | -IDR 2.77BFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-IDR 636.32MtotalCashFromOperatingActivitiesCapexIDR 2.14BcapitalExpendituresFree cash flow-IDR 2.77BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 2.77B | 9.6%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 8.69BoperatingIncomeTax expenseIDR 1.47BincomeTaxExpensePretax incomeIDR 7.89BincomeBeforeTaxTax rate18.7%EquityIDR 72.33BtotalStockholderEquityDebtIDR 2.84BlongTermDebt + shortLongTermDebtCashIDR 1.41BcashInvested capitalIDR 73.76BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 9.6% | 0.33xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeIDR 8.69BoperatingIncomeNet PP&EIDR 26.54BpropertyPlantAndEquipmentNetResult 0.33x |
| 2022 | 64.5%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 45.05BpropertyPlantEquipmentInventoryIDR 58.22BinventoryTotal assetsIDR 160.20BtotalAssetsResult 64.5% | 3.05xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueIDR 137.34BtotalRevenueNet PP&EIDR 45.05BpropertyPlantEquipmentResult 3.05x | 24.32xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexIDR 19.30BcapitalExpendituresD&AIDR 793.51MdepreciationAndAmortizationResult 24.32x | IDR 72.28Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 160.20BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 0.00Not reported, treated as 0LiabilitiesIDR 15.65BtotalLiabTangible bookIDR 144.56BShares2,000,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result IDR 72.28 | -0.65xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 11.24BebitdaCapexIDR 19.30BcapitalExpendituresInterestIDR 850.66MinterestExpenseShort-term debtIDR 11.53BshortTermDebtEBITDA − capex-IDR 8.06BPrincipal due is short-term debt.Result -0.65x | -IDR 55.47BFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-IDR 36.17BtotalCashFromOperatingActivitiesCapexIDR 19.30BcapitalExpendituresFree cash flow-IDR 55.47BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 55.47B | 6.2%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 10.54BoperatingIncomeTax expenseIDR 1.97BincomeTaxExpensePretax incomeIDR 9.59BincomeBeforeTaxTax rate20.5%EquityIDR 144.56BtotalStockholderEquityDebtIDR 1.65BlongTermDebt + shortLongTermDebtCashIDR 10.77BcashInvested capitalIDR 135.43BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 6.2% | 0.23xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeIDR 10.54BoperatingIncomeNet PP&EIDR 45.05BpropertyPlantEquipmentResult 0.23x |
| 2023 | 47.5%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 49.02BpropertyPlantEquipmentInventoryIDR 35.11BinventoryTotal assetsIDR 177.21BtotalAssetsResult 47.5% | 2.14xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueIDR 105.02BtotalRevenueNet PP&EIDR 49.02BpropertyPlantEquipmentResult 2.14x | 4.79xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexIDR 4.79BcapitalExpendituresD&AIDR 998.87MdepreciationAndAmortizationResult 4.79x | IDR 75.42Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 177.21BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 0.00Not reported, treated as 0LiabilitiesIDR 26.37BtotalLiabTangible bookIDR 150.84BShares2,000,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result IDR 75.42 | 0.39xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 9.79BebitdaCapexIDR 4.79BcapitalExpendituresInterestIDR 1.47BinterestExpenseShort-term debtIDR 11.24BshortTermDebtEBITDA − capexIDR 5.00BPrincipal due is short-term debt.Result 0.39x | -IDR 4.10BFree cash flow · 2023-12-31Reported free cash flowOperating cash flowIDR 685.88MtotalCashFromOperatingActivitiesCapexIDR 4.79BcapitalExpendituresFree cash flow-IDR 4.10BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 4.10B | 5.0%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 8.79BoperatingIncomeTax expenseIDR 1.18BincomeTaxExpensePretax incomeIDR 7.33BincomeBeforeTaxTax rate16.1%EquityIDR 150.84BtotalStockholderEquityDebtIDR 10.82BlongTermDebt + shortLongTermDebtCashIDR 15.55BcashInvested capitalIDR 146.12BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 5.0% | 0.18xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeIDR 8.79BoperatingIncomeNet PP&EIDR 49.02BpropertyPlantEquipmentResult 0.18x |
| 2024 | 38.1%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 42.47BpropertyPlantEquipmentInventoryIDR 26.49BinventoryTotal assetsIDR 181.01BtotalAssetsResult 38.1% | 1.84xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueIDR 78.22BtotalRevenueNet PP&EIDR 42.47BpropertyPlantEquipmentResult 1.84x | 0.00xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexIDR 0.00capitalExpendituresD&AIDR 761.97MdepreciationAndAmortizationResult 0.00x | IDR 77.97Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 181.01BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 0.00Not reported, treated as 0LiabilitiesIDR 25.07BtotalLiabTangible bookIDR 155.94BShares2,000,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result IDR 77.97 | 0.74xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 8.33BebitdaCapexIDR 0.00capitalExpendituresInterestIDR 1.72BinterestExpenseShort-term debtIDR 9.59BshortTermDebtEBITDA − capexIDR 8.33BPrincipal due is short-term debt.Result 0.74x | -IDR 8.60BFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-IDR 8.60BtotalCashFromOperatingActivitiesCapexIDR 0.00capitalExpendituresFree cash flow-IDR 8.60BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 8.60B | 1.8%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 3.32BoperatingIncomeTax expenseIDR 951.04MincomeTaxExpensePretax incomeIDR 5.85BincomeBeforeTaxTax rate16.3%EquityIDR 155.94BtotalStockholderEquityDebtIDR 9.95BlongTermDebt + shortLongTermDebtCashIDR 14.17BcashInvested capitalIDR 151.72BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 1.8% | 0.08xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeIDR 3.32BoperatingIncomeNet PP&EIDR 42.47BpropertyPlantEquipmentResult 0.08x |
| 2025 | 35.8%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 42.14BpropertyPlantEquipmentInventoryIDR 23.19BinventoryTotal assetsIDR 182.42BtotalAssetsResult 35.8% | 1.95xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueIDR 82.21BtotalRevenueNet PP&EIDR 42.14BpropertyPlantEquipmentResult 1.95x | 0.00xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexIDR 0.00capitalExpendituresD&AIDR 331.06MdepreciationAndAmortizationResult 0.00x | IDR 81.50Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 182.42BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 0.00Not reported, treated as 0LiabilitiesIDR 19.42BtotalLiabTangible bookIDR 163.01BShares2,000,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result IDR 81.50 | 1.39xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 8.66BebitdaCapexIDR 0.00capitalExpendituresInterestIDR 1.69BinterestExpenseShort-term debtIDR 4.56BshortTermDebtEBITDA − capexIDR 8.66BPrincipal due is short-term debt.Result 1.39x | IDR 9.13BFree cash flow · 2025-12-31Reported free cash flowOperating cash flowIDR 9.13BtotalCashFromOperatingActivitiesCapexIDR 0.00capitalExpendituresFree cash flowIDR 9.13BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result IDR 9.13B | 4.2%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 8.33BoperatingIncomeTax expenseIDR 1.62BincomeTaxExpensePretax incomeIDR 8.52BincomeBeforeTaxTax rate19.0%EquityIDR 163.01BtotalStockholderEquityDebtIDR 15.18BshortLongTermDebtTotalCashIDR 18.94BcashAndShortTermInvestmentsInvested capitalIDR 159.24BResult 4.2% | 0.20xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeIDR 8.33BoperatingIncomeNet PP&EIDR 42.14BpropertyPlantEquipmentResult 0.20x |
- 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.
Latest year inputs (2025)
Net PP&E: IDR 42.14B
Inventory: IDR 23.19B
Total assets: IDR 182.42B
Goodwill: IDR 0.00
Intangibles: IDR 0.00
Liabilities: IDR 19.42B
Tangible book: IDR 163.01B
Shares: 2,000,000,000
Revenue: IDR 82.21B
Capex: IDR 0.00
D&A: IDR 331.06M
EBITDA: IDR 8.66B
Interest: IDR 1.69B
Short-term debt: IDR 4.56B
Free cash flow: IDR 9.13B
Operating income: IDR 8.33B
Invested capital: IDR 159.24B
Tax rate: 19.0%