Pang Rim Spinn
Pangrim Co., Ltd. engages in the manufacture and sale of textile products in South Korea and internationally. It produces a range of fabrics. The company was formerly known as PangRim Textile Co., Ltd. and changed its name to Pangrim Co., Ltd. in 1991. Pangrim Co., Ltd. was founded in 1963 and is headquartered in Seoul, South Korea.
Pang Rim Spinn (003610) - Net Assets
Latest net assets as of September 2025: ₩180.57 Billion KRW
Based on the latest financial reports, Pang Rim Spinn (003610) has net assets worth ₩180.57 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩228.99 Billion) and total liabilities (₩48.42 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩180.57 Billion |
| % of Total Assets | 78.85% |
| Annual Growth Rate | 1.31% |
| 5-Year Change | -9.62% |
| 10-Year Change | -1.06% |
| Growth Volatility | 8.72 |
Pang Rim Spinn - Net Assets Trend (2000–2025)
This chart illustrates how Pang Rim Spinn's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pang Rim Spinn (2000–2025)
The table below shows the annual net assets of Pang Rim Spinn from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | ₩180.57 Billion | -4.80% |
| 2024-09-30 | ₩189.68 Billion | -2.06% |
| 2023-09-30 | ₩193.67 Billion | -4.20% |
| 2022-09-30 | ₩202.16 Billion | +1.18% |
| 2021-09-30 | ₩199.80 Billion | +4.09% |
| 2020-09-30 | ₩191.95 Billion | +1.12% |
| 2019-09-30 | ₩189.82 Billion | +1.68% |
| 2018-09-30 | ₩186.69 Billion | +1.01% |
| 2017-09-30 | ₩184.83 Billion | +1.28% |
| 2016-09-30 | ₩182.50 Billion | +2.14% |
| 2015-09-30 | ₩178.67 Billion | +3.26% |
| 2014-09-30 | ₩173.04 Billion | +1.00% |
| 2013-09-30 | ₩171.32 Billion | +1.10% |
| 2012-09-30 | ₩169.46 Billion | -5.85% |
| 2011-09-30 | ₩179.99 Billion | +0.41% |
| 2010-09-30 | ₩179.24 Billion | +1.06% |
| 2009-09-30 | ₩177.37 Billion | +17.23% |
| 2007-09-30 | ₩151.30 Billion | -0.62% |
| 2006-09-30 | ₩152.24 Billion | -2.31% |
| 2005-09-30 | ₩155.84 Billion | +36.39% |
| 2004-09-30 | ₩114.26 Billion | -2.36% |
| 2003-09-30 | ₩117.02 Billion | -7.11% |
| 2002-09-30 | ₩125.98 Billion | -3.44% |
| 2000-09-30 | ₩130.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pang Rim Spinn'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 9260835198000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩92.61 Billion | 51.39% |
| Other Components | ₩87.60 Billion | 48.61% |
| Total Equity | ₩180.20 Billion | 100.00% |
Pang Rim Spinn Competitors by Market Cap
The table below lists competitors of Pang Rim Spinn ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KP Tissue Inc
PINK:KPTSF
|
$56.14 Million |
|
Villars Holding SA
SW:VILN
|
$56.15 Million |
|
HydroGraph Clean Power Inc.
OTCQB:HGRAF
|
$56.16 Million |
|
K N Kenanga Holdings Bhd
KLSE:6483
|
$56.17 Million |
|
Loxley Public Company Limited
BK:LOXLEY
|
$56.12 Million |
|
Southern Michigan Bancorp Inc
PINK:SOMC
|
$56.12 Million |
|
BEST Inc
NYSE:BEST
|
$56.09 Million |
|
CLERHP Estructuras S.A
MC:CLR
|
$56.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pang Rim Spinn's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 189,101,575,140 to 180,203,817,680, a change of -8,897,757,460 (-4.7%).
- Net income of 6,721,966,740 contributed positively to equity growth.
- Dividend payments of 1,966,922,570 reduced retained earnings.
- Share repurchases of 14,306,264,390 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩6.72 Billion | +3.73% |
| Dividends Paid | ₩1.97 Billion | -1.09% |
| Share Repurchases | ₩14.31 Billion | -7.94% |
| Other Changes | ₩653.46 Million | +0.36% |
| Total Change | ₩- | -4.71% |
Book Value vs Market Value Analysis
This analysis compares Pang Rim Spinn'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: 0.98x
- 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 decreased from 1.16x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | ₩4737.29 | ₩5490.00 | x |
| 2018-09-30 | ₩4759.40 | ₩5490.00 | x |
| 2019-09-30 | ₩4843.30 | ₩5490.00 | x |
| 2020-09-30 | ₩4943.40 | ₩5490.00 | x |
| 2021-09-30 | ₩5145.18 | ₩5490.00 | x |
| 2022-09-30 | ₩5532.44 | ₩5490.00 | x |
| 2023-09-30 | ₩5300.73 | ₩5490.00 | x |
| 2024-09-30 | ₩5342.73 | ₩5490.00 | x |
| 2025-09-30 | ₩5602.75 | ₩5490.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pang Rim Spinn 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): 3.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.49%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.27x
- Recent ROE (3.73%) is below the historical average (4.15%), 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 | 15.84% | 9.23% | 0.60x | 2.85x | ₩7.62 Billion |
| 2002 | 4.40% | 3.15% | 0.59x | 2.35x | ₩-7.06 Billion |
| 2005 | 28.19% | 30.30% | 0.61x | 1.52x | ₩28.34 Billion |
| 2006 | 2.01% | 2.40% | 0.57x | 1.47x | ₩-12.17 Billion |
| 2007 | 1.18% | 1.44% | 0.53x | 1.54x | ₩-13.35 Billion |
| 2009 | 1.31% | 1.20% | 0.75x | 1.47x | ₩-15.40 Billion |
| 2010 | 3.89% | 3.35% | 0.72x | 1.61x | ₩-10.94 Billion |
| 2011 | 1.66% | 1.37% | 0.71x | 1.71x | ₩-15.01 Billion |
| 2013 | 0.86% | 0.76% | 0.69x | 1.64x | ₩-15.66 Billion |
| 2014 | 1.94% | 2.08% | 0.62x | 1.51x | ₩-13.95 Billion |
| 2015 | 3.73% | 4.13% | 0.62x | 1.45x | ₩-11.20 Billion |
| 2016 | 2.75% | 3.34% | 0.60x | 1.37x | ₩-13.22 Billion |
| 2017 | 3.79% | 4.73% | 0.59x | 1.37x | ₩-11.48 Billion |
| 2018 | 1.61% | 2.11% | 0.57x | 1.33x | ₩-15.58 Billion |
| 2019 | 2.98% | 4.28% | 0.56x | 1.25x | ₩-13.29 Billion |
| 2020 | 2.61% | 4.28% | 0.49x | 1.24x | ₩-14.13 Billion |
| 2021 | 3.72% | 5.65% | 0.51x | 1.29x | ₩-12.50 Billion |
| 2022 | 2.77% | 3.58% | 0.59x | 1.32x | ₩-14.57 Billion |
| 2023 | -2.14% | -3.14% | 0.54x | 1.26x | ₩-23.43 Billion |
| 2024 | 0.41% | 0.70% | 0.48x | 1.22x | ₩-18.14 Billion |
| 2025 | 3.73% | 5.49% | 0.54x | 1.27x | ₩-11.30 Billion |
Industry Comparison
This section compares Pang Rim Spinn's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $285,939,763,876
- Average return on equity (ROE) among peers: -0.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pang Rim Spinn (003610) | ₩180.57 Billion | 15.84% | 0.27x | $56.13 Million |
| Kyungbangco.Ltd (000050) | $741.93 Billion | 1.76% | 0.70x | $50.48 Million |
| Chonbang (000950) | $155.64 Billion | 1.69% | 0.95x | $24.13 Million |
| Silla Textile Co.Ltd (001000) | $13.37 Billion | -20.43% | 1.52x | $8.50 Million |
| Taihan Textile (001070) | $132.34 Billion | 0.84% | 0.40x | $8.71 Million |
| DI Dong Il Corp (001530) | $561.11 Billion | 0.00% | 0.64x | $232.14 Million |
| Ilshin Spinnin (003200) | $306.82 Billion | 2.19% | 0.49x | $77.92 Million |
| Daehan Synthet (003830) | $533.41 Billion | 4.22% | 0.14x | $27.66 Million |
| Duksung (004830) | $65.34 Billion | 0.80% | 0.61x | $35.90 Million |
| Duksung Co Ltd (004835) | $63.50 Billion | 0.82% | 0.53x | $46.93 Million |