Willbes (008600) - Net Assets

Latest as of September 2025: ₩72.20 Billion KRW ≈ $48.93 Million USD

Based on the latest financial reports, Willbes (008600) has net assets worth ₩72.20 Billion KRW (≈ $48.93 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 (₩271.66 Billion ≈ $184.10 Million USD) and total liabilities (₩199.46 Billion ≈ $135.17 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 asset allocation strategy of Willbes to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩72.20 Billion
% of Total Assets	26.58%
Annual Growth Rate	-2.07%
5-Year Change	-12.66%
10-Year Change	-35.49%
Growth Volatility	14.24

Willbes - Net Assets Trend (2000–2024)

This chart illustrates how Willbes's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Willbes market capitalisation.

Annual Net Assets for Willbes (2000–2024)

The table below shows the annual net assets of Willbes from 2000 to 2024. Also explore Willbes net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2024-12-31	₩86.58 Billion ≈ $58.67 Million	-19.35%
2023-12-31	₩107.35 Billion ≈ $72.75 Million	+9.23%
2022-12-31	₩98.28 Billion ≈ $66.60 Million	-11.22%
2021-12-31	₩110.69 Billion ≈ $75.01 Million	+11.66%
2020-12-31	₩99.13 Billion ≈ $67.18 Million	-2.67%
2019-12-31	₩101.85 Billion ≈ $69.03 Million	-22.89%
2018-12-31	₩132.09 Billion ≈ $89.51 Million	+0.21%
2017-12-31	₩131.81 Billion ≈ $89.32 Million	-5.35%
2016-12-31	₩139.25 Billion ≈ $94.37 Million	+3.76%
2015-12-31	₩134.21 Billion ≈ $90.95 Million	+5.77%
2014-12-31	₩126.89 Billion ≈ $85.99 Million	+4.68%
2013-12-31	₩121.21 Billion ≈ $82.15 Million	-0.91%
2012-12-31	₩122.32 Billion ≈ $82.90 Million	-8.62%
2011-12-31	₩133.87 Billion ≈ $90.72 Million	-13.68%
2010-12-31	₩155.08 Billion ≈ $105.10 Million	-0.08%
2009-12-31	₩155.21 Billion ≈ $105.18 Million	-1.52%
2008-12-31	₩157.60 Billion ≈ $106.81 Million	+23.85%
2007-12-31	₩127.25 Billion ≈ $86.24 Million	+16.81%
2006-12-31	₩108.94 Billion ≈ $73.83 Million	+3.26%
2005-12-31	₩105.50 Billion ≈ $71.49 Million	-6.88%
2004-12-31	₩113.29 Billion ≈ $76.77 Million	-31.18%
2003-12-31	₩164.61 Billion ≈ $111.55 Million	-3.66%
2002-12-31	₩170.86 Billion ≈ $115.79 Million	-11.66%
2001-12-31	₩193.41 Billion ≈ $131.07 Million	+35.27%
2000-12-31	₩142.98 Billion ≈ $96.89 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Willbes'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 decreased by 9969248291000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	₩188.12 Billion	212.74%
Total Equity	₩88.43 Billion	100.00%

Willbes Competitors by Market Cap

The table below lists competitors of Willbes ranked by their market capitalization.

Company	Market Cap
Putra Mandiri Jembar Tbk PT JK:PMJS	$116.87 Million
Proficient Auto Logistics, Inc. Common Stock NASDAQ:PAL	$116.91 Million
Unifi Inc NYSE:UFI	$116.91 Million
Kulmbacher Brauerei Aktien-Gesellschaft MU:KUL	$116.93 Million
Creative Newtech Limited NSE:CREATIVE	$116.79 Million
Humanica Public Company Limited BK:HUMAN	$116.76 Million
Surge Battery Metals Inc V:NILI	$116.75 Million
Daishin Securities Co Ltd Pref 2 KO:003547	$116.73 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Willbes's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 109,211,294,290 to 88,425,872,220, a change of -20,785,422,070 (-19.0%).
Net loss of 27,446,441,530 reduced equity.
Other factors increased equity by 6,661,019,460.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩-27.45 Billion	-31.04%
Other Changes	₩6.66 Billion	+7.53%
Total Change	₩-	-19.03%

Book Value vs Market Value Analysis

This analysis compares Willbes'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: 1.95x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.99x to 1.95x 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	₩2655.65	₩2620.00	x
2018-12-31	₩2660.33	₩2620.00	x
2019-12-31	₩1900.47	₩2620.00	x
2020-12-31	₩1725.30	₩2620.00	x
2021-12-31	₩1750.23	₩2620.00	x
2022-12-31	₩1522.13	₩2620.00	x
2023-12-31	₩1659.76	₩2620.00	x
2024-12-31	₩1343.87	₩2620.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Willbes 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): -31.04%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -12.63%
• Asset Turnover: 0.74x
• Equity Multiplier: 3.33x
Recent ROE (-31.04%) is below the historical average (-1.77%), 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	2.67%	2.22%	0.45x	2.68x	₩-10.48 Billion
2001	32.99%	38.42%	0.44x	1.96x	₩44.47 Billion
2003	7.39%	7.42%	0.58x	1.71x	₩-4.30 Billion
2006	6.71%	5.26%	0.73x	1.74x	₩-3.58 Billion
2007	4.65%	3.73%	0.85x	1.47x	₩-6.80 Billion
2008	3.32%	2.75%	0.73x	1.66x	₩-10.53 Billion
2009	1.03%	0.65%	1.07x	1.49x	₩-13.91 Billion
2010	1.19%	0.72%	1.02x	1.62x	₩-13.66 Billion
2011	2.15%	1.17%	0.97x	1.89x	₩-10.73 Billion
2013	-2.78%	-1.43%	0.99x	1.96x	₩-15.85 Billion
2014	2.13%	1.16%	0.97x	1.90x	₩-10.18 Billion
2015	2.95%	1.38%	0.96x	2.23x	₩-9.62 Billion
2016	2.75%	1.25%	0.91x	2.41x	₩-10.25 Billion
2017	0.43%	0.20%	0.94x	2.30x	₩-12.82 Billion
2018	-4.97%	-2.40%	0.91x	2.27x	₩-20.09 Billion
2019	-35.23%	-13.57%	0.96x	2.71x	₩-46.98 Billion
2020	-2.46%	-1.04%	0.84x	2.82x	₩-12.59 Billion
2021	-7.60%	-3.09%	0.94x	2.61x	₩-19.81 Billion
2022	-9.32%	-3.66%	0.94x	2.70x	₩-19.35 Billion
2023	-14.17%	-7.16%	0.71x	2.77x	₩-26.39 Billion
2024	-31.04%	-12.63%	0.74x	3.33x	₩-36.29 Billion

Industry Comparison

This section compares Willbes's net assets metrics with peer companies in the Apparel Manufacturing industry.

Industry Context

Industry: Apparel Manufacturing
Average net assets among peers: $218,008,948,044
Average return on equity (ROE) among peers: -2.99%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Willbes (008600)	₩72.20 Billion	2.67%	2.76x	$116.83 Million
BYC Co. Ltd (001460)	$434.33 Billion	6.39%	0.60x	$156.99 Million
BYC Co Ltd (001465)	$549.41 Billion	3.35%	0.27x	$37.94 Million
Vivien Corp (002070)	$90.26 Billion	-57.92%	1.09x	$9.93 Million
SG Corporation (004060)	$170.61 Billion	0.00%	0.52x	$28.64 Million
Kuk Dong (005320)	$42.63 Billion	-21.04%	1.49x	$57.94 Million
Shinsung Tngsn (005390)	$237.40 Billion	3.08%	2.48x	$399.30 Million
Shinyoung Waco (005800)	$300.27 Billion	5.77%	0.11x	$82.77 Million
F&F Holdings Co. Ltd (007700)	$77.11 Billion	28.04%	0.57x	$361.68 Million
Pan-Pacific (007980)	$60.07 Billion	5.41%	0.54x	$54.17 Million

About Willbes

KO:008600 Korea Apparel Manufacturing

Market Cap

$116.83 Million

₩172.39 Billion KRW

Market Cap Rank

#18693 Global

#861 in Korea

Share Price

₩2620.00

Change (1 day)

+0.00%

52-Week Range

₩256.00 - ₩2790.00

All Time High

₩3870.00