Zinus Inc (013890) - Net Assets
Based on the latest financial reports, Zinus Inc (013890) has net assets worth ₩668.90 Billion KRW (≈ $453.31 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 (₩1.12 Trillion ≈ $760.33 Million USD) and total liabilities (₩453.05 Billion ≈ $307.02 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 013890 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩668.90 Billion |
| % of Total Assets | 59.62% |
| Annual Growth Rate | 27.98% |
| 5-Year Change | 62.34% |
| 10-Year Change | N/A |
| Growth Volatility | 33.31 |
Zinus Inc - Net Assets Trend (2016–2024)
This chart illustrates how Zinus Inc's net assets have evolved over time, based on quarterly financial data. Also explore 013890 total assets for the complete picture of this company's asset base.
Annual Net Assets for Zinus Inc (2016–2024)
The table below shows the annual net assets of Zinus Inc from 2016 to 2024. For live valuation and market cap data, see 013890 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩672.76 Billion ≈ $455.92 Million |
+7.51% |
| 2023-12-31 | ₩625.76 Billion ≈ $424.07 Million |
-0.06% |
| 2022-12-31 | ₩626.16 Billion ≈ $424.34 Million |
+30.93% |
| 2021-12-31 | ₩478.23 Billion ≈ $324.09 Million |
+15.40% |
| 2020-12-31 | ₩414.41 Billion ≈ $280.84 Million |
+10.76% |
| 2019-12-31 | ₩374.14 Billion ≈ $253.55 Million |
+112.28% |
| 2018-12-31 | ₩176.25 Billion ≈ $119.44 Million |
+33.99% |
| 2017-12-31 | ₩131.54 Billion ≈ $89.14 Million |
+40.71% |
| 2016-12-31 | ₩93.48 Billion ≈ $63.35 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Zinus Inc'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 306.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩328.99 Billion | 48.90% |
| Other Components | ₩343.78 Billion | 51.10% |
| Total Equity | ₩672.76 Billion | 100.00% |
Zinus Inc Competitors by Market Cap
The table below lists competitors of Zinus Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sailfish Royalty Corp
V:FISH
|
$191.96 Million |
|
Bleichroeder Acquisition Corp. I Class A Ordinary Shares
NASDAQ:BACQ
|
$192.00 Million |
|
Viking Supply Ships AB (publ)
ST:VSSAB-B
|
$192.21 Million |
|
Compugen
TA:CGEN
|
$192.21 Million |
|
Acrow Ltd
AU:ACF
|
$191.79 Million |
|
CCK Consolidated Holdings Bhd
KLSE:7035
|
$191.78 Million |
|
Achieve Life Sciences Inc
F:SP4P
|
$191.64 Million |
|
Virgin Galactic Holdings Inc
NYSE:SPCE
|
$191.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zinus Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 625,763,571,220 to 672,764,012,910, a change of 47,000,441,690 (7.5%).
- Net loss of 6,798,402,940 reduced equity.
- Dividend payments of 1,815,637,210 reduced retained earnings.
- Share repurchases of 3,621,368,910 reduced equity.
- Other factors increased equity by 59,235,850,750.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-6.80 Billion | -1.01% |
| Dividends Paid | ₩1.82 Billion | -0.27% |
| Share Repurchases | ₩3.62 Billion | -0.54% |
| Other Changes | ₩59.24 Billion | +8.8% |
| Total Change | ₩- | 7.51% |
Book Value vs Market Value Analysis
This analysis compares Zinus Inc'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: 0.42x
- 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 1.27x to 0.42x 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 | ₩10159.21 | ₩12910.00 | x |
| 2018-12-31 | ₩13612.36 | ₩12910.00 | x |
| 2019-12-31 | ₩25142.12 | ₩12910.00 | x |
| 2020-12-31 | ₩27031.56 | ₩12910.00 | x |
| 2021-12-31 | ₩31194.10 | ₩12910.00 | x |
| 2022-12-31 | ₩34121.72 | ₩12910.00 | x |
| 2023-12-31 | ₩31009.39 | ₩12910.00 | x |
| 2024-12-31 | ₩30676.13 | ₩12910.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zinus Inc 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): -1.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.74%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.77x
- Recent ROE (-1.01%) is below the historical average (19.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 66.98% | 18.33% | 1.39x | 2.64x | ₩53.27 Billion |
| 2017 | 34.33% | 7.49% | 1.77x | 2.59x | ₩32.00 Billion |
| 2018 | 24.74% | 7.01% | 1.21x | 2.92x | ₩25.98 Billion |
| 2019 | 19.36% | 8.86% | 1.08x | 2.02x | ₩35.01 Billion |
| 2020 | 11.05% | 4.63% | 1.10x | 2.16x | ₩4.35 Billion |
| 2021 | 10.80% | 4.60% | 1.10x | 2.13x | ₩3.83 Billion |
| 2022 | 4.69% | 2.53% | 1.04x | 1.78x | ₩-33.24 Billion |
| 2023 | 0.85% | 0.56% | 0.91x | 1.66x | ₩-57.28 Billion |
| 2024 | -1.01% | -0.74% | 0.77x | 1.77x | ₩-74.07 Billion |
Industry Comparison
This section compares Zinus Inc's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $375,948,576,003
- Average return on equity (ROE) among peers: 9.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zinus Inc (013890) | ₩668.90 Billion | 66.98% | 0.68x | $191.83 Million |
| Shinil Electronics Co (002700) | $82.61 Billion | 9.66% | 0.48x | $69.15 Million |
| Ace Bed Company Limited (003800) | $370.77 Billion | 8.17% | 0.09x | $245.03 Million |
| Hankook Furniture Co. Ltd (004590) | $165.17 Billion | 7.14% | 0.28x | $57.74 Million |
| Hanssem (009240) | $125.47 Billion | 3.99% | 1.01x | $508.49 Million |
| Enex Co.Ltd (011090) | $45.34 Billion | 9.78% | 1.64x | $17.20 Million |
| Fursys (016800) | $102.46 Billion | 19.27% | 0.24x | $217.72 Million |
| COWAY Co. Ltd (021240) | $2.31 Trillion | 19.82% | 0.89x | $4.19 Billion |
| PN Poong Nyun Co. Ltd (024940) | $46.25 Billion | 3.69% | 0.18x | $21.05 Million |
| Hansol Homedec (025750) | $133.51 Billion | 0.11% | 1.19x | $149.87 Million |
About Zinus Inc
Zinus, Inc manufactures and sells beds and bedding. The company offers mattresses, bed frame, topper, pillow, and bedding products. The company was founded in 1979 and is based in Seongnam-si, South Korea.