Hanssem
Hanssem Co., Ltd. manufactures and distributes kitchen furniture and interior-related products in South Korea, Japan, and China. The company offers furniture, appliances, household accessories, fabric products, and more for the kitchen, bedroom, living room, and bathroom. In addition, it provides remodeling solutions for kitchens and bathrooms. Furthermore, the company offers construction and hou… Read more
Hanssem (009240) - Net Assets
Latest net assets as of September 2025: ₩392.89 Billion KRW
Based on the latest financial reports, Hanssem (009240) has net assets worth ₩392.89 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 (₩1.04 Trillion) and total liabilities (₩650.19 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 | ₩392.89 Billion |
| % of Total Assets | 37.67% |
| Annual Growth Rate | 4.55% |
| 5-Year Change | -44.24% |
| 10-Year Change | -19.42% |
| Growth Volatility | 14.38 |
Hanssem - Net Assets Trend (2002–2024)
This chart illustrates how Hanssem's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hanssem (2002–2024)
The table below shows the annual net assets of Hanssem from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩350.66 Billion | +2.30% |
| 2023-12-31 | ₩342.77 Billion | -23.05% |
| 2022-12-31 | ₩445.43 Billion | -28.35% |
| 2021-12-31 | ₩621.69 Billion | -1.15% |
| 2020-12-31 | ₩628.90 Billion | +2.54% |
| 2019-12-31 | ₩613.30 Billion | +6.76% |
| 2018-12-31 | ₩574.47 Billion | +13.17% |
| 2017-12-31 | ₩507.62 Billion | -6.26% |
| 2016-12-31 | ₩541.53 Billion | +24.43% |
| 2015-12-31 | ₩435.19 Billion | +28.74% |
| 2014-12-31 | ₩338.05 Billion | +27.91% |
| 2013-12-31 | ₩264.28 Billion | +23.00% |
| 2012-12-31 | ₩214.86 Billion | +6.14% |
| 2011-12-31 | ₩202.43 Billion | +12.84% |
| 2010-12-31 | ₩179.39 Billion | +20.84% |
| 2009-12-31 | ₩148.46 Billion | +8.31% |
| 2008-12-31 | ₩137.06 Billion | +2.74% |
| 2007-12-31 | ₩133.40 Billion | +8.00% |
| 2006-12-31 | ₩123.52 Billion | +2.87% |
| 2005-12-31 | ₩120.07 Billion | -4.31% |
| 2004-12-31 | ₩125.47 Billion | -8.80% |
| 2003-12-31 | ₩137.57 Billion | +4.46% |
| 2002-12-31 | ₩131.70 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanssem'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 55343080976000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩553.43 Billion | 157.82% |
| Total Equity | ₩350.66 Billion | 100.00% |
Hanssem Competitors by Market Cap
The table below lists competitors of Hanssem ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Volue AS
OL:VOLUE
|
$183.80 Million |
|
Virginia National Bankshares Corp
NASDAQ:VABK
|
$183.87 Million |
|
Minami Acoustics Ltd. A
SHE:301383
|
$183.90 Million |
|
Platinum Group Metals Ltd
NYSE MKT:PLG
|
$183.90 Million |
|
Indraprastha Medical Corporation Limited
NSE:INDRAMEDCO
|
$183.78 Million |
|
Chemplast Sanmar Limited
NSE:CHEMPLASTS
|
$183.76 Million |
|
Selvas Ai Inc.
KQ:108860
|
$183.73 Million |
|
Tianjin Motimo Membrane Tech
SHE:300334
|
$183.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanssem's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 342,770,354,210 to 350,663,939,870, a change of 7,893,585,660 (2.3%).
- Net income of 151,137,006,440 contributed positively to equity growth.
- Dividend payments of 140,566,740,060 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩151.14 Billion | +43.1% |
| Dividends Paid | ₩140.57 Billion | -40.09% |
| Other Changes | ₩-2.68 Billion | -0.76% |
| Total Change | ₩- | 2.30% |
Book Value vs Market Value Analysis
This analysis compares Hanssem'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: 1.98x
- 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 1.45x to 1.98x 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 | ₩28787.84 | ₩41750.00 | x |
| 2018-12-31 | ₩32580.55 | ₩41750.00 | x |
| 2019-12-31 | ₩33659.25 | ₩41750.00 | x |
| 2020-12-31 | ₩35223.22 | ₩41750.00 | x |
| 2021-12-31 | ₩35995.59 | ₩41750.00 | x |
| 2022-12-31 | ₩28093.07 | ₩41750.00 | x |
| 2023-12-31 | ₩20648.42 | ₩41750.00 | x |
| 2024-12-31 | ₩21123.92 | ₩41750.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanssem 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): 43.10%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.92%
- • Asset Turnover: 1.79x
- • Equity Multiplier: 3.04x
- Recent ROE (43.10%) is above the historical average (13.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 17.98% | 4.38% | 1.88x | 2.18x | ₩10.27 Billion |
| 2003 | 9.80% | 2.39% | 2.18x | 1.88x | ₩-270.30 Million |
| 2004 | 4.08% | 0.92% | 2.14x | 2.06x | ₩-7.26 Billion |
| 2005 | 1.82% | 0.50% | 1.81x | 1.99x | ₩-9.61 Billion |
| 2006 | 9.14% | 2.51% | 1.78x | 2.04x | ₩-1.03 Billion |
| 2007 | 11.17% | 3.15% | 1.75x | 2.03x | ₩1.63 Billion |
| 2008 | 12.96% | 3.87% | 1.76x | 1.90x | ₩4.46 Billion |
| 2009 | 13.45% | 3.42% | 1.81x | 2.17x | ₩5.55 Billion |
| 2010 | 16.18% | 4.64% | 2.04x | 1.71x | ₩11.09 Billion |
| 2011 | 19.42% | 5.54% | 1.80x | 1.95x | ₩19.07 Billion |
| 2012 | 18.38% | 5.04% | 2.08x | 1.75x | ₩17.99 Billion |
| 2013 | 23.23% | 6.09% | 1.99x | 1.92x | ₩34.95 Billion |
| 2014 | 25.65% | 6.54% | 2.44x | 1.61x | ₩52.87 Billion |
| 2015 | 26.35% | 6.70% | 2.22x | 1.77x | ₩71.15 Billion |
| 2016 | 23.55% | 6.59% | 2.15x | 1.66x | ₩73.39 Billion |
| 2017 | 18.91% | 4.65% | 2.11x | 1.92x | ₩45.20 Billion |
| 2018 | 15.66% | 4.67% | 2.05x | 1.64x | ₩32.53 Billion |
| 2019 | 7.20% | 2.52% | 1.41x | 2.03x | ₩-16.62 Billion |
| 2020 | 10.70% | 3.15% | 1.68x | 2.02x | ₩4.28 Billion |
| 2021 | 9.00% | 2.51% | 1.79x | 2.01x | ₩-6.18 Billion |
| 2022 | -16.01% | -3.56% | 1.82x | 2.47x | ₩-115.87 Billion |
| 2023 | -18.13% | -3.16% | 1.87x | 3.07x | ₩-96.43 Billion |
| 2024 | 43.10% | 7.92% | 1.79x | 3.04x | ₩116.07 Billion |
Industry Comparison
This section compares Hanssem's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $387,623,654,317
- Average return on equity (ROE) among peers: 3.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanssem (009240) | ₩392.89 Billion | 17.98% | 1.65x | $183.78 Million |
| Shinil Electronics Co (002700) | $45.90 Billion | -17.95% | 0.73x | $56.04 Million |
| Ace Bed Company Limited (003800) | $324.88 Billion | 7.32% | 0.08x | $40.63 Million |
| Hankook Furniture Co. Ltd (004590) | $93.05 Billion | 5.89% | 0.19x | $17.58 Million |
| Enex Co.Ltd (011090) | $45.26 Billion | -19.65% | 1.50x | $13.31 Million |
| Zinus Inc (013890) | $374.14 Billion | 19.36% | 1.02x | $96.34 Million |
| Fursys (016800) | $497.51 Billion | 9.07% | 0.16x | $74.32 Million |
| COWAY Co. Ltd (021240) | $1.90 Trillion | 24.45% | 1.00x | $2.70 Billion |
| PN Poong Nyun Co. Ltd (024940) | $49.28 Billion | 3.22% | 0.15x | $17.83 Million |
| Hansol Homedec (025750) | $154.17 Billion | -2.96% | 0.92x | $16.88 Million |