Taekwang Ind (003240) - Net Assets
Based on the latest financial reports, Taekwang Ind (003240) has net assets worth ₩4.01 Trillion KRW (≈ $2.72 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩4.67 Trillion ≈ $3.16 Billion USD) and total liabilities (₩659.85 Billion ≈ $447.17 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 Taekwang Ind (003240) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩4.01 Trillion |
| % of Total Assets | 85.87% |
| Annual Growth Rate | 4.28% |
| 5-Year Change | 20.4% |
| 10-Year Change | 36.12% |
| Growth Volatility | 7.63 |
Taekwang Ind - Net Assets Trend (2000–2024)
This chart illustrates how Taekwang Ind's net assets have evolved over time, based on quarterly financial data. Also explore 003240 asset base for the complete picture of this company's asset base.
Annual Net Assets for Taekwang Ind (2000–2024)
The table below shows the annual net assets of Taekwang Ind from 2000 to 2024. For live valuation and market cap data, see market value of Taekwang Ind.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩4.02 Trillion ≈ $2.72 Billion |
-0.35% |
| 2023-12-31 | ₩4.03 Trillion ≈ $2.73 Billion |
-4.24% |
| 2022-12-31 | ₩4.21 Trillion ≈ $2.85 Billion |
+5.93% |
| 2021-12-31 | ₩3.97 Trillion ≈ $2.69 Billion |
+19.10% |
| 2020-12-31 | ₩3.34 Trillion ≈ $2.26 Billion |
-4.27% |
| 2019-12-31 | ₩3.48 Trillion ≈ $2.36 Billion |
-0.60% |
| 2018-12-31 | ₩3.50 Trillion ≈ $2.38 Billion |
+10.42% |
| 2017-12-31 | ₩3.17 Trillion ≈ $2.15 Billion |
+6.62% |
| 2016-12-31 | ₩2.98 Trillion ≈ $2.02 Billion |
+0.92% |
| 2015-12-31 | ₩2.95 Trillion ≈ $2.00 Billion |
+3.40% |
| 2014-12-31 | ₩2.85 Trillion ≈ $1.93 Billion |
+5.52% |
| 2013-12-31 | ₩2.70 Trillion ≈ $1.83 Billion |
+4.66% |
| 2012-12-31 | ₩2.58 Trillion ≈ $1.75 Billion |
+0.50% |
| 2011-12-31 | ₩2.57 Trillion ≈ $1.74 Billion |
+23.70% |
| 2010-12-31 | ₩2.08 Trillion ≈ $1.41 Billion |
+13.18% |
| 2009-12-31 | ₩1.84 Trillion ≈ $1.24 Billion |
+19.22% |
| 2008-12-31 | ₩1.54 Trillion ≈ $1.04 Billion |
+3.10% |
| 2007-12-31 | ₩1.49 Trillion ≈ $1.01 Billion |
+6.19% |
| 2006-12-31 | ₩1.41 Trillion ≈ $953.31 Million |
+2.35% |
| 2005-12-31 | ₩1.37 Trillion ≈ $931.40 Million |
-0.60% |
| 2004-12-31 | ₩1.38 Trillion ≈ $937.05 Million |
+2.79% |
| 2003-12-31 | ₩1.35 Trillion ≈ $911.66 Million |
-0.37% |
| 2002-12-31 | ₩1.35 Trillion ≈ $915.01 Million |
+0.46% |
| 2001-12-31 | ₩1.34 Trillion ≈ $910.79 Million |
-8.51% |
| 2000-12-31 | ₩1.47 Trillion ≈ $995.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Taekwang Ind'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 410916123576000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩4.11 Trillion | 104.58% |
| Total Equity | ₩3.93 Trillion | 100.00% |
Taekwang Ind Competitors by Market Cap
The table below lists competitors of Taekwang Ind ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hume Industries Berhad
KLSE:5000
|
$570.58 Million |
|
Caina Technology Co. Ltd.
SHE:301122
|
$570.64 Million |
|
Beijing Andawell Science & Technology Co Ltd Class A
SHE:300719
|
$570.67 Million |
|
Anhui Wanyi Science and Technology Co Ltd
SHG:688600
|
$570.86 Million |
|
Sunflag Iron And Steel Company Limited
NSE:SUNFLAG
|
$570.30 Million |
|
Qt Group Oyj
HE:QTCOM
|
$570.25 Million |
|
Sunfly Intelligent Technology Co Ltd
SHE:300423
|
$570.04 Million |
|
Ibotta, Inc.
NYSE:IBTA
|
$569.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taekwang Ind's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,947,014,508,050 to 3,929,246,831,440, a change of -17,767,676,610 (-0.5%).
- Net income of 214,531,185,570 contributed positively to equity growth.
- Dividend payments of 1,472,824,500 reduced retained earnings.
- Other factors decreased equity by 230,826,037,680.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩214.53 Billion | +5.46% |
| Dividends Paid | ₩1.47 Billion | -0.04% |
| Other Changes | ₩-230.83 Billion | -5.87% |
| Total Change | ₩- | -0.45% |
Book Value vs Market Value Analysis
This analysis compares Taekwang Ind'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: 0.21x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩3215562.57 | ₩1000000.00 | x |
| 2018-12-31 | ₩3667047.39 | ₩1000000.00 | x |
| 2019-12-31 | ₩3777145.53 | ₩1000000.00 | x |
| 2020-12-31 | ₩3928195.00 | ₩1000000.00 | x |
| 2021-12-31 | ₩4626787.10 | ₩1000000.00 | x |
| 2022-12-31 | ₩4906106.83 | ₩1000000.00 | x |
| 2023-12-31 | ₩4689720.92 | ₩1000000.00 | x |
| 2024-12-31 | ₩4668609.92 | ₩1000000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taekwang Ind 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): 5.46%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.11%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.20x
- Recent ROE (5.46%) is below the historical average (5.71%), 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 | 2.10% | 2.20% | 0.71x | 1.34x | ₩-114.48 Billion |
| 2002 | 3.22% | 3.52% | 0.73x | 1.26x | ₩-89.52 Billion |
| 2004 | 5.64% | 4.91% | 0.76x | 1.50x | ₩-57.67 Billion |
| 2007 | 3.47% | 1.76% | 0.83x | 2.37x | ₩-90.98 Billion |
| 2009 | 20.38% | 12.78% | 1.05x | 1.52x | ₩174.49 Billion |
| 2010 | 14.48% | 8.42% | 1.21x | 1.43x | ₩85.09 Billion |
| 2011 | 12.90% | 7.37% | 1.04x | 1.68x | ₩66.43 Billion |
| 2012 | 1.43% | 0.89% | 0.96x | 1.67x | ₩-198.93 Billion |
| 2013 | 3.11% | 2.17% | 0.88x | 1.63x | ₩-169.08 Billion |
| 2014 | 2.97% | 2.33% | 0.82x | 1.56x | ₩-174.60 Billion |
| 2015 | 2.95% | 2.68% | 0.73x | 1.51x | ₩-178.92 Billion |
| 2016 | 0.56% | 0.54% | 0.70x | 1.50x | ₩-239.97 Billion |
| 2017 | 5.13% | 4.76% | 0.71x | 1.52x | ₩-131.83 Billion |
| 2018 | 6.94% | 6.89% | 0.69x | 1.46x | ₩-94.52 Billion |
| 2019 | 4.28% | 4.66% | 0.67x | 1.37x | ₩-181.84 Billion |
| 2020 | 3.20% | 6.08% | 0.43x | 1.23x | ₩-224.79 Billion |
| 2021 | 8.16% | 12.26% | 0.53x | 1.26x | ₩-71.70 Billion |
| 2022 | 8.28% | 12.64% | 0.55x | 1.19x | ₩-71.14 Billion |
| 2023 | -0.47% | -0.82% | 0.48x | 1.20x | ₩-413.20 Billion |
| 2024 | 5.46% | 10.11% | 0.45x | 1.20x | ₩-178.39 Billion |
Industry Comparison
This section compares Taekwang Ind's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $1,000,994,773,204
- Average return on equity (ROE) among peers: 3.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taekwang Ind (003240) | ₩4.01 Trillion | 2.10% | 0.16x | $570.36 Million |
| Rifa Ind (000760) | $184.79 Billion | -1.16% | 0.52x | $29.96 Million |
| Kumyang (001570) | $21.43 Billion | 0.12% | 1.54x | $428.33 Million |
| Sh E & Chemical Co. Ltd. (002360) | $64.16 Billion | 3.67% | 0.88x | $26.35 Million |
| KCC Corporation (002380) | $5.38 Trillion | -0.85% | 1.40x | $2.77 Billion |
| Miwon Commerci (002840) | $400.46 Billion | 12.62% | 0.20x | $473.99 Million |
| Lotte Fine Chemical Co Ltd (004000) | $1.19 Trillion | 7.48% | 0.38x | $1.20 Billion |
| Dongjin Semichem Co. Ltd (005290) | $553.45 Billion | 18.66% | 1.14x | $1.97 Billion |
| Isu Chemical Co Ltd (005950) | $373.77 Billion | -15.59% | 1.93x | $193.47 Million |
| Korea Petro Chemical Ind (006650) | $842.12 Billion | 7.61% | 0.71x | $757.99 Million |
About Taekwang Ind
Taekwang Industrial Co., Ltd. engages in the petrochemical, synthetic fiber, textile, and advanced material businesses in South Korea and internationally. It offers petrochemical products, including purified terephthalic acid, propylene, acrylonitrile, sodium cyanide, acetonitrile, ammonium sulphate, and hydrogen peroxide. The company also provides synthetic fibers, such as acrylic fibers, nylon … Read more