Shinil Electronics Co (002700) - Net Assets
Based on the latest financial reports, Shinil Electronics Co (002700) has net assets worth ₩84.30 Billion KRW (≈ $57.13 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 (₩154.12 Billion ≈ $104.44 Million USD) and total liabilities (₩69.82 Billion ≈ $47.32 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 002700 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩84.30 Billion |
| % of Total Assets | 54.7% |
| Annual Growth Rate | 13.84% |
| 5-Year Change | 7.14% |
| 10-Year Change | 75.69% |
| Growth Volatility | 18.67 |
Shinil Electronics Co - Net Assets Trend (2006–2024)
This chart illustrates how Shinil Electronics Co's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shinil Electronics Co for the complete picture of this company's asset base.
Annual Net Assets for Shinil Electronics Co (2006–2024)
The table below shows the annual net assets of Shinil Electronics Co from 2006 to 2024. For live valuation and market cap data, see how much is Shinil Electronics Co worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩80.64 Billion ≈ $54.65 Million |
-1.95% |
| 2023-12-31 | ₩82.24 Billion ≈ $55.74 Million |
+0.43% |
| 2022-12-31 | ₩81.89 Billion ≈ $55.50 Million |
-0.87% |
| 2021-12-31 | ₩82.61 Billion ≈ $55.98 Million |
+9.75% |
| 2020-12-31 | ₩75.27 Billion ≈ $51.01 Million |
+8.36% |
| 2019-12-31 | ₩69.46 Billion ≈ $47.07 Million |
+4.23% |
| 2018-12-31 | ₩66.64 Billion ≈ $45.16 Million |
+17.63% |
| 2017-12-31 | ₩56.66 Billion ≈ $38.40 Million |
+14.11% |
| 2016-12-31 | ₩49.65 Billion ≈ $33.65 Million |
+8.18% |
| 2015-12-31 | ₩45.90 Billion ≈ $31.11 Million |
-12.46% |
| 2014-12-31 | ₩52.43 Billion ≈ $35.53 Million |
+53.81% |
| 2013-12-31 | ₩34.09 Billion ≈ $23.10 Million |
+25.62% |
| 2012-12-31 | ₩27.14 Billion ≈ $18.39 Million |
+39.40% |
| 2011-12-31 | ₩19.47 Billion ≈ $13.19 Million |
+6.98% |
| 2010-12-31 | ₩18.20 Billion ≈ $12.33 Million |
+40.79% |
| 2009-12-31 | ₩12.93 Billion ≈ $8.76 Million |
+33.56% |
| 2008-12-31 | ₩9.68 Billion ≈ $6.56 Million |
-10.92% |
| 2007-12-31 | ₩10.87 Billion ≈ $7.36 Million |
+38.90% |
| 2006-12-31 | ₩7.82 Billion ≈ $5.30 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shinil Electronics Co'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 3835367056000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩38.35 Billion | 47.56% |
| Other Components | ₩42.29 Billion | 52.44% |
| Total Equity | ₩80.64 Billion | 100.00% |
Shinil Electronics Co Competitors by Market Cap
The table below lists competitors of Shinil Electronics Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Teleste Oyj
HE:TLT1V
|
$69.17 Million |
|
Pan-Pacific
KO:007980
|
$69.18 Million |
|
AV Tech Corp
TW:8072
|
$69.19 Million |
|
Travelzoo
NASDAQ:TZOO
|
$69.20 Million |
|
Stonebridge Acquisition Corp
NASDAQ:APAC
|
$69.15 Million |
|
Xin Chio Global Co Ltd
TWO:3171
|
$69.13 Million |
|
Bibica Corp
VN:BBC
|
$69.11 Million |
|
Tifa Finance Tbk
JK:TIFA
|
$69.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinil Electronics Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 82,244,765,760 to 80,640,138,400, a change of -1,604,627,360 (-2.0%).
- Net income of 1,434,794,580 contributed positively to equity growth.
- Dividend payments of 1,054,377,420 reduced retained earnings.
- Share repurchases of 1,985,044,520 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.43 Billion | +1.78% |
| Dividends Paid | ₩1.05 Billion | -1.31% |
| Share Repurchases | ₩1.99 Billion | -2.46% |
| Total Change | ₩- | -1.95% |
Book Value vs Market Value Analysis
This analysis compares Shinil Electronics Co'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: 1.26x
- 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 1.83x to 1.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩805.68 | ₩1474.00 | x |
| 2018-12-31 | ₩948.71 | ₩1474.00 | x |
| 2019-12-31 | ₩985.99 | ₩1474.00 | x |
| 2020-12-31 | ₩1077.06 | ₩1474.00 | x |
| 2021-12-31 | ₩1175.19 | ₩1474.00 | x |
| 2022-12-31 | ₩1165.01 | ₩1474.00 | x |
| 2023-12-31 | ₩1170.05 | ₩1474.00 | x |
| 2024-12-31 | ₩1170.36 | ₩1474.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinil Electronics Co 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): 1.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.80%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 1.57x
- Recent ROE (1.78%) is below the historical average (6.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 13.65% | 2.34% | 1.40x | 4.18x | ₩396.11 Million |
| 2009 | 5.17% | 1.03% | 1.29x | 3.87x | ₩-624.83 Million |
| 2010 | 9.99% | 2.63% | 1.49x | 2.55x | ₩-2.63 Million |
| 2011 | 6.65% | 1.57% | 1.75x | 2.42x | ₩-642.92 Million |
| 2012 | 4.35% | 1.29% | 1.55x | 2.18x | ₩-1.52 Billion |
| 2013 | 20.48% | 5.77% | 1.99x | 1.78x | ₩3.55 Billion |
| 2014 | -3.33% | -1.52% | 1.25x | 1.75x | ₩-6.96 Billion |
| 2015 | -18.01% | -7.67% | 1.35x | 1.73x | ₩-12.81 Billion |
| 2016 | 7.90% | 3.15% | 1.54x | 1.63x | ₩-1.04 Billion |
| 2017 | 16.65% | 6.53% | 1.70x | 1.50x | ₩3.77 Billion |
| 2018 | 17.46% | 6.90% | 1.65x | 1.53x | ₩4.97 Billion |
| 2019 | 6.19% | 2.95% | 1.46x | 1.44x | ₩-2.65 Billion |
| 2020 | 10.65% | 4.65% | 1.56x | 1.47x | ₩488.84 Million |
| 2021 | 9.66% | 4.12% | 1.59x | 1.48x | ₩-282.69 Million |
| 2022 | 1.27% | 0.51% | 1.33x | 1.87x | ₩-7.15 Billion |
| 2023 | 1.28% | 0.57% | 1.46x | 1.53x | ₩-7.17 Billion |
| 2024 | 1.78% | 0.80% | 1.41x | 1.57x | ₩-6.63 Billion |
Industry Comparison
This section compares Shinil Electronics Co's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $381,385,554,889
- Average return on equity (ROE) among peers: 11.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinil Electronics Co (002700) | ₩84.30 Billion | 13.65% | 0.83x | $69.15 Million |
| Ace Bed Company Limited (003800) | $370.77 Billion | 8.17% | 0.09x | $245.03 Million |
| Hankook Furniture Co. Ltd (004590) | $165.17 Billion | 7.14% | 0.28x | $57.74 Million |
| Hanssem (009240) | $125.47 Billion | 3.99% | 1.01x | $508.49 Million |
| Enex Co.Ltd (011090) | $45.34 Billion | 9.78% | 1.64x | $17.20 Million |
| Zinus Inc (013890) | $131.54 Billion | 34.33% | 1.59x | $191.83 Million |
| Fursys (016800) | $102.46 Billion | 19.27% | 0.24x | $217.72 Million |
| COWAY Co. Ltd (021240) | $2.31 Trillion | 19.82% | 0.89x | $4.19 Billion |
| PN Poong Nyun Co. Ltd (024940) | $46.25 Billion | 3.69% | 0.18x | $21.05 Million |
| Hansol Homedec (025750) | $133.51 Billion | 0.11% | 1.19x | $149.87 Million |
About Shinil Electronics Co
Shinil Electronics Co.,Ltd. engages in the manufacture and sale of household appliances in South Korea. It offers summer appliances, such as fans, air circulators, mobile air conditioners, etc.; and winter appliances, including fan heaters, heaters, hand-wash humidifiers, etc.; and household, kitchen, environmental, and pet household appliances. The company was formerly known as Shinil Industrial… Read more