Working Capital Turnover Inventory Turnover

54 3. PT. Gajah Tunggal Tbk. GJTL Established in 1951, PT. Gajah Tunggal Tbk. start production tires with a bicycle tire. The company has since grown into a manufacturer the largest integrated tire in Southeast by making a variety of products through the production of motorcycle tires in 1971,followed by bias tires for passenger cars and commercial in 1981. Early90s, the company began manufacture radial tires for cars passenger and truck. PT Gajah Tunggal Tbk listed in the Stock Exchange Jakarta and Surabaya in 1990. 4. PT.Goodyear Indonesia Tbk. GDYR PT Goodyear Indonesia is the first tire company and the oldest in Indonesia, which was founded in 1935 on an area of 172,000 of greenery in the city of Bogor. GDYR was one of the first companies listed on the Jakarta Stock Exchange in 1980. Since 1935, Goodyear became a pioneer for the development of the tire industry in Indonesia, and provide technical support in the establishment of PT Intirub Indonesian Tire Rubber Company. It also contributed to the technology industry by forming a bead wire for PT Indocordsa Tbk. 5. PT.IndoKordsa Tbk. BRAM PT Indocordsa Tbk is the Indonesia-based tire thread cable and fabric manufacturers. Indocordsa engaged in the manufacture and distribution of tire cord fabric, nylon yarn and polyester yarn. On December 31 th , 2009, Indocordsa subsidiaries are PT Indocordsa Polyester and Thailand Indocordsa Co. 55 6. PT. Indomobil Sukses Internasional Tbk. IMAS PT Indomobil Sukses International is an integrated business group applying the concept of one-stop service which has several subsidiaries engaged in the automotive field in Indonesia. The Company was founded in 1976 under the name PT. Indomobil Investment Corporation and in 1997 was the merger with PT. Indomulti Inti IndustriTbk. Since then the company changed to the status of a public company under the name of PT. Indomobil Sukses Internasional Tbk, with its headquarters in Wisma Indomobil East Jakarta. The main business areas of the company and its subsidiaries include: brand licensees, distributors vehicle sales, after-sales service, motor vehicle assembly, automotive component manufacturers, and distributors of spare parts. In addition, to assist consumers in meeting the needs of the vehicle, the Company and its subsidiaries also offer auto financing services, distribution of lubricating oils and other supporting business group. 7. PT. Indospring Tbk. INDS PT Indospring Tbk is a manufacturing company in Indonesia which was established in 1958. This produces spare parts for vehicles motor, including leaf springs and coil springs. It has three business segments are leaf springs, coil springs and a flat bar. The Companys subsidiary, PT Indobaja Prima murni, engaged in manufacturing rolling mill, producing a flat metal sheet, steel reinforced concrete, steel elbows and other related products.