Ilshin Spinnin (003200) - Net Assets
Based on the latest financial reports, Ilshin Spinnin (003200) has net assets worth ₩949.65 Billion KRW (≈ $643.56 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.12 Trillion ≈ $759.49 Million USD) and total liabilities (₩171.07 Billion ≈ $115.93 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 003200 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩949.65 Billion |
| % of Total Assets | 84.74% |
| Annual Growth Rate | 4.62% |
| 5-Year Change | 19.56% |
| 10-Year Change | 36.79% |
| Growth Volatility | 4.33 |
Ilshin Spinnin - Net Assets Trend (2000–2025)
This chart illustrates how Ilshin Spinnin's net assets have evolved over time, based on quarterly financial data. Also explore Ilshin Spinnin assets under control for the complete picture of this company's asset base.
Annual Net Assets for Ilshin Spinnin (2000–2025)
The table below shows the annual net assets of Ilshin Spinnin from 2000 to 2025. For live valuation and market cap data, see 003200 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩949.65 Billion ≈ $643.56 Million |
+4.63% |
| 2024-12-31 | ₩907.62 Billion ≈ $615.08 Million |
+3.05% |
| 2023-12-31 | ₩880.73 Billion ≈ $596.86 Million |
-2.62% |
| 2022-12-31 | ₩904.45 Billion ≈ $612.93 Million |
+13.87% |
| 2021-12-31 | ₩794.29 Billion ≈ $538.28 Million |
+8.87% |
| 2020-12-31 | ₩729.57 Billion ≈ $494.42 Million |
+0.88% |
| 2019-12-31 | ₩723.20 Billion ≈ $490.10 Million |
-0.01% |
| 2018-12-31 | ₩723.24 Billion ≈ $490.13 Million |
+2.61% |
| 2017-12-31 | ₩704.87 Billion ≈ $477.68 Million |
+1.53% |
| 2016-12-31 | ₩694.22 Billion ≈ $470.47 Million |
+2.26% |
| 2015-12-31 | ₩678.88 Billion ≈ $460.07 Million |
+1.91% |
| 2014-12-31 | ₩666.13 Billion ≈ $451.43 Million |
+2.87% |
| 2013-12-31 | ₩647.57 Billion ≈ $438.85 Million |
+5.82% |
| 2012-12-31 | ₩611.93 Billion ≈ $414.70 Million |
+1.42% |
| 2011-12-31 | ₩603.36 Billion ≈ $408.89 Million |
+15.27% |
| 2010-12-31 | ₩523.41 Billion ≈ $354.71 Million |
+13.64% |
| 2009-12-31 | ₩460.60 Billion ≈ $312.15 Million |
+8.67% |
| 2008-12-31 | ₩423.86 Billion ≈ $287.24 Million |
+3.82% |
| 2007-12-31 | ₩408.25 Billion ≈ $276.66 Million |
+3.65% |
| 2006-12-31 | ₩393.87 Billion ≈ $266.92 Million |
+2.18% |
| 2005-12-31 | ₩385.48 Billion ≈ $261.23 Million |
+7.49% |
| 2004-12-31 | ₩358.62 Billion ≈ $243.03 Million |
+3.05% |
| 2003-12-31 | ₩348.00 Billion ≈ $235.83 Million |
+2.62% |
| 2002-12-31 | ₩339.10 Billion ≈ $229.80 Million |
+5.25% |
| 2001-12-31 | ₩322.19 Billion ≈ $218.34 Million |
+5.01% |
| 2000-12-31 | ₩306.82 Billion ≈ $207.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ilshin Spinnin'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 90686990029000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩906.87 Billion | 98.01% |
| Other Components | ₩18.42 Billion | 1.99% |
| Total Equity | ₩925.29 Billion | 100.00% |
Ilshin Spinnin Competitors by Market Cap
The table below lists competitors of Ilshin Spinnin ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pioneer Municipal High Income Opportunities Fund Inc
NYSE:MIO
|
$192.24 Million |
|
Alpha Technology Group Limited Ordinary Shares
NASDAQ:ATGL
|
$192.29 Million |
|
FB Bancorp, Inc. Common Stock
NASDAQ:FBLA
|
$192.29 Million |
|
Tornado Global Hydrovacs Ltd
V:TGH
|
$192.30 Million |
|
Heungkuk F&M I
KO:000540
|
$192.21 Million |
|
Compugen
TA:CGEN
|
$192.21 Million |
|
Viking Supply Ships AB (publ)
ST:VSSAB-B
|
$192.21 Million |
|
Bleichroeder Acquisition Corp. I Class A Ordinary Shares
NASDAQ:BACQ
|
$192.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ilshin Spinnin's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 883,877,045,840 to 925,285,143,380, a change of 41,408,097,540 (4.7%).
- Net income of 33,186,975,110 contributed positively to equity growth.
- Dividend payments of 4,385,400,890 reduced retained earnings.
- Share repurchases of 2,276,433,650 reduced equity.
- Other factors increased equity by 14,882,956,970.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩33.19 Billion | +3.59% |
| Dividends Paid | ₩4.39 Billion | -0.47% |
| Share Repurchases | ₩2.28 Billion | -0.25% |
| Other Changes | ₩14.88 Billion | +1.61% |
| Total Change | ₩- | 4.68% |
Book Value vs Market Value Analysis
This analysis compares Ilshin Spinnin'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: 0.31x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.05x to 0.31x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩296289.87 | ₩13380.00 | x |
| 2018-12-31 | ₩306851.11 | ₩13380.00 | x |
| 2019-12-31 | ₩308734.87 | ₩13380.00 | x |
| 2020-12-31 | ₩313511.56 | ₩13380.00 | x |
| 2021-12-31 | ₩341543.91 | ₩13380.00 | x |
| 2022-12-31 | ₩390092.54 | ₩13380.00 | x |
| 2023-12-31 | ₩40268.10 | ₩13380.00 | x |
| 2024-12-31 | ₩40880.85 | ₩13380.00 | x |
| 2025-12-31 | ₩43646.94 | ₩13380.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ilshin Spinnin 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): 3.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.42%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.21x
- Recent ROE (3.59%) is below the historical average (4.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 2.24% | 2.13% | 0.69x | 1.52x | ₩-23.32 Billion |
| 2001 | 3.57% | 3.21% | 0.75x | 1.48x | ₩-20.22 Billion |
| 2002 | 4.92% | 4.65% | 0.78x | 1.35x | ₩-16.77 Billion |
| 2003 | 4.10% | 4.28% | 0.71x | 1.35x | ₩-19.99 Billion |
| 2004 | 3.19% | 3.14% | 0.81x | 1.26x | ₩-23.71 Billion |
| 2005 | 6.01% | 7.31% | 0.63x | 1.30x | ₩-14.91 Billion |
| 2006 | 2.19% | 3.17% | 0.54x | 1.28x | ₩-29.76 Billion |
| 2007 | 1.60% | 2.21% | 0.58x | 1.26x | ₩-33.13 Billion |
| 2008 | 5.73% | 6.35% | 0.70x | 1.29x | ₩-17.46 Billion |
| 2009 | 7.30% | 8.17% | 0.71x | 1.25x | ₩-12.19 Billion |
| 2010 | 11.67% | 12.47% | 0.74x | 1.26x | ₩8.55 Billion |
| 2011 | 4.34% | 5.32% | 0.64x | 1.27x | ₩-33.50 Billion |
| 2012 | 1.77% | 2.41% | 0.60x | 1.23x | ₩-49.27 Billion |
| 2013 | 5.01% | 7.51% | 0.54x | 1.23x | ₩-31.63 Billion |
| 2014 | 3.62% | 5.46% | 0.53x | 1.26x | ₩-41.51 Billion |
| 2015 | 2.91% | 4.24% | 0.51x | 1.34x | ₩-47.01 Billion |
| 2016 | 2.93% | 4.15% | 0.53x | 1.34x | ₩-47.89 Billion |
| 2017 | 2.32% | 3.24% | 0.55x | 1.30x | ₩-52.73 Billion |
| 2018 | 3.02% | 4.32% | 0.53x | 1.33x | ₩-49.17 Billion |
| 2019 | 1.00% | 1.42% | 0.52x | 1.36x | ₩-63.32 Billion |
| 2020 | 1.41% | 2.16% | 0.48x | 1.36x | ₩-60.95 Billion |
| 2021 | 8.13% | 10.46% | 0.58x | 1.35x | ₩-14.47 Billion |
| 2022 | 12.94% | 19.27% | 0.50x | 1.33x | ₩25.95 Billion |
| 2023 | 0.91% | 1.45% | 0.51x | 1.23x | ₩-77.93 Billion |
| 2024 | 3.18% | 5.37% | 0.47x | 1.26x | ₩-60.28 Billion |
| 2025 | 3.59% | 6.42% | 0.46x | 1.21x | ₩-59.34 Billion |
Industry Comparison
This section compares Ilshin Spinnin's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $223,364,224,616
- Average return on equity (ROE) among peers: 4.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ilshin Spinnin (003200) | ₩949.65 Billion | 2.24% | 0.18x | $192.22 Million |
| Kyungbangco.Ltd (000050) | $385.43 Billion | 17.01% | 0.48x | $170.54 Million |
| Chonbang (000950) | $155.64 Billion | 1.69% | 0.95x | $26.37 Million |
| Silla Textile Co.Ltd (001000) | $14.46 Billion | 1.57% | 1.22x | $27.59 Million |
| Taihan Textile (001070) | $132.34 Billion | 0.84% | 0.40x | $17.14 Million |
| DI Dong Il Corp (001530) | $586.40 Billion | 1.44% | 0.67x | $401.73 Million |
| Pang Rim Spinn (003610) | $180.57 Billion | 3.72% | 0.27x | $124.68 Million |
| Daehan Synthet (003830) | $400.36 Billion | 3.83% | 0.21x | $91.09 Million |
| Duksung (004830) | $62.68 Billion | 1.10% | 0.56x | $46.27 Million |
| Duksung Co Ltd (004835) | $92.41 Billion | 7.36% | 0.47x | $6.47 Million |
About Ilshin Spinnin
Ilshin Spinning Co., Ltd produces and sells cotton yarns and fabrics in South Korea, Asia, the Americas, Europe, and internationally. The company offers combed cotton, compact, slub, patched, tri-blended, blended and synthetic, ecocell+, and OE glove yarns under the THREESTAR brand; melange yarns under the MELANSTAR brand; and MVS yarns under the IVYSTAR brand. It also provides fabrics, including… Read more