Cho Kwang Leat
Chokwang Leather Co.,Ltd. manufactures and sells leather products in South Korea. It offers leather fabrics for shoes, handbags, furniture, and car seats. Chokwang Leather Co.,Ltd. was founded in 1936 and is headquartered in Cheongju-si, South Korea.
Cho Kwang Leat (004700) - Net Assets
Latest net assets as of September 2025: ₩564.08 Billion KRW
Based on the latest financial reports, Cho Kwang Leat (004700) has net assets worth ₩564.08 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 (₩641.81 Billion) and total liabilities (₩77.74 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 | ₩564.08 Billion |
| % of Total Assets | 87.89% |
| Annual Growth Rate | 10.5% |
| 5-Year Change | 72.57% |
| 10-Year Change | 206.81% |
| Growth Volatility | 10.91 |
Cho Kwang Leat - Net Assets Trend (2004–2024)
This chart illustrates how Cho Kwang Leat's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cho Kwang Leat (2004–2024)
The table below shows the annual net assets of Cho Kwang Leat from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩543.39 Billion | +25.00% |
| 2023-12-31 | ₩434.71 Billion | +14.99% |
| 2022-12-31 | ₩378.04 Billion | +0.28% |
| 2021-12-31 | ₩376.98 Billion | +19.72% |
| 2020-12-31 | ₩314.88 Billion | +14.50% |
| 2019-12-31 | ₩275.01 Billion | +15.90% |
| 2018-12-31 | ₩237.29 Billion | +5.16% |
| 2017-12-31 | ₩225.66 Billion | +9.99% |
| 2016-12-31 | ₩205.17 Billion | +15.84% |
| 2015-12-31 | ₩177.11 Billion | +3.94% |
| 2014-12-31 | ₩170.39 Billion | +12.47% |
| 2013-12-31 | ₩151.50 Billion | +8.34% |
| 2012-12-31 | ₩139.83 Billion | +4.48% |
| 2011-12-31 | ₩133.84 Billion | +48.47% |
| 2008-12-31 | ₩90.15 Billion | +3.27% |
| 2007-12-31 | ₩87.29 Billion | +6.32% |
| 2006-12-31 | ₩82.10 Billion | +9.05% |
| 2005-12-31 | ₩75.29 Billion | +2.09% |
| 2004-12-31 | ₩73.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cho Kwang Leat'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 744.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩276.01 Billion | 50.79% |
| Other Components | ₩267.38 Billion | 49.21% |
| Total Equity | ₩543.39 Billion | 100.00% |
Cho Kwang Leat Competitors by Market Cap
The table below lists competitors of Cho Kwang Leat ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alicon Castalloy Limited
NSE:ALICON
|
$35.46 Million |
|
Seronics Co. Ltd
KQ:042600
|
$35.47 Million |
|
Fluidigm Corporation
F:FLB
|
$35.49 Million |
|
PRICELINE.COM - Dusseldorf Stock Exchang
DU:PCE1
|
$35.50 Million |
|
FORTEC Elektronik AG
F:FEV
|
$35.44 Million |
|
Heartbeam Inc
NASDAQ:BEAT
|
$35.43 Million |
|
PetMed Express Inc
NASDAQ:PETS
|
$35.41 Million |
|
Heran Co Ltd
TW:5283
|
$35.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cho Kwang Leat's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 434,710,151,000 to 543,391,319,140, a change of 108,681,168,140 (25.0%).
- Net income of 12,604,990,940 contributed positively to equity growth.
- Other factors increased equity by 96,076,177,200.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩12.60 Billion | +2.32% |
| Other Changes | ₩96.08 Billion | +17.68% |
| Total Change | ₩- | 25.00% |
Book Value vs Market Value Analysis
This analysis compares Cho Kwang Leat'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: 0.46x
- 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 1.13x to 0.46x 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 | ₩62746.56 | ₩71000.00 | x |
| 2018-12-31 | ₩66088.07 | ₩71000.00 | x |
| 2019-12-31 | ₩77404.44 | ₩71000.00 | x |
| 2020-12-31 | ₩88624.68 | ₩71000.00 | x |
| 2021-12-31 | ₩106104.64 | ₩71000.00 | x |
| 2022-12-31 | ₩106402.61 | ₩71000.00 | x |
| 2023-12-31 | ₩122352.82 | ₩71000.00 | x |
| 2024-12-31 | ₩152942.05 | ₩71000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cho Kwang Leat 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): 2.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.97%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.14x
- Recent ROE (2.32%) is below the historical average (5.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 5.23% | 1.98% | 1.46x | 1.81x | ₩-3.51 Billion |
| 2005 | 4.82% | 2.19% | 1.18x | 1.87x | ₩-3.90 Billion |
| 2006 | 11.82% | 5.62% | 1.40x | 1.50x | ₩1.50 Billion |
| 2007 | 5.54% | 2.97% | 1.20x | 1.56x | ₩-3.89 Billion |
| 2008 | 3.57% | 2.25% | 1.33x | 1.20x | ₩-5.79 Billion |
| 2011 | 7.10% | 5.26% | 1.02x | 1.32x | ₩-3.89 Billion |
| 2012 | 4.37% | 3.15% | 1.08x | 1.28x | ₩-7.87 Billion |
| 2013 | 7.27% | 5.80% | 0.98x | 1.27x | ₩-4.14 Billion |
| 2014 | 4.62% | 3.97% | 0.97x | 1.20x | ₩-9.17 Billion |
| 2015 | 4.22% | 4.11% | 0.92x | 1.11x | ₩-10.23 Billion |
| 2016 | 10.55% | 10.90% | 0.88x | 1.10x | ₩1.12 Billion |
| 2017 | 9.76% | 12.63% | 0.71x | 1.08x | ₩-546.58 Million |
| 2018 | 5.75% | 10.69% | 0.51x | 1.06x | ₩-10.08 Billion |
| 2019 | 5.27% | 13.40% | 0.37x | 1.08x | ₩-13.00 Billion |
| 2020 | 6.24% | 20.20% | 0.28x | 1.09x | ₩-11.83 Billion |
| 2021 | 2.97% | 10.75% | 0.24x | 1.17x | ₩-26.49 Billion |
| 2022 | 1.60% | 4.97% | 0.28x | 1.17x | ₩-31.74 Billion |
| 2023 | 2.08% | 7.15% | 0.25x | 1.16x | ₩-34.43 Billion |
| 2024 | 2.32% | 13.97% | 0.15x | 1.14x | ₩-41.73 Billion |
Industry Comparison
This section compares Cho Kwang Leat's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $352,644,129,055
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cho Kwang Leat (004700) | ₩564.08 Billion | 5.23% | 0.14x | $35.45 Million |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| SG Choongbang Co Ltd (001380) | $122.98 Billion | -4.51% | 0.52x | $17.60 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |