Wooshin System

KO:017370 Korea Auto Parts
Market Cap
$61.36 Million
₩89.84 Billion KRW
Market Cap Rank
#24454 Global
#1410 in Korea
Share Price
₩5910.00
Change (1 day)
+0.51%
52-Week Range
₩5390.00 - ₩8440.00
All Time High
₩10706.65
Categories
Companies in Korea Auto Parts
About

Wooshin Systems Co., Ltd. develops, manufactures, and sells automotive body assembly systems and body parts in South Korea and internationally. The company offers engineering solutions comprising automotive system design and after sales services; electric vehicle batteries for battery and electric vehicle manufacturers; and retractors, retractor pretensioners, active seat belts, buckles, lap pret… Read more

Wooshin System (017370) - Net Assets

Latest net assets as of September 2025: ₩146.09 Billion KRW

Based on the latest financial reports, Wooshin System (017370) has net assets worth ₩146.09 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 (₩386.89 Billion) and total liabilities (₩240.80 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 ₩146.09 Billion
% of Total Assets 37.76%
Annual Growth Rate 6.12%
5-Year Change 22.33%
10-Year Change 16.24%
Growth Volatility 11.81

Wooshin System - Net Assets Trend (2008–2024)

This chart illustrates how Wooshin System's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Wooshin System (2008–2024)

The table below shows the annual net assets of Wooshin System from 2008 to 2024.

Year Net Assets Change
2024-12-31 ₩128.24 Billion +33.03%
2023-12-31 ₩96.40 Billion +7.06%
2022-12-31 ₩90.05 Billion +0.90%
2021-12-31 ₩89.25 Billion -14.87%
2020-12-31 ₩104.83 Billion -8.40%
2019-12-31 ₩114.45 Billion +3.55%
2018-12-31 ₩110.52 Billion -6.69%
2017-12-31 ₩118.45 Billion -2.63%
2016-12-31 ₩121.64 Billion +10.26%
2015-12-31 ₩110.33 Billion +18.96%
2014-12-31 ₩92.74 Billion +16.93%
2013-12-31 ₩79.31 Billion +4.15%
2012-12-31 ₩76.15 Billion +4.65%
2011-12-31 ₩72.77 Billion +13.65%
2010-12-31 ₩64.03 Billion +6.64%
2009-12-31 ₩60.04 Billion +21.15%
2008-12-31 ₩49.56 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Wooshin System'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 10763008170000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩107.63 Billion 83.93%
Other Components ₩20.61 Billion 16.07%
Total Equity ₩128.24 Billion 100.00%

Wooshin System Competitors by Market Cap

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

Company Market Cap
Veem Ltd
AU:VEE
 		$25.03 Million
KONG SUN (BL25000)
F:KOJ5
 		$25.03 Million
PT MEDIA NUSANTARA CITRA
F:5M2
 		$25.03 Million
Vilniaus Baldai AB
MU:UE3
 		$25.04 Million
LEMON Co. Ltd
KQ:294140
 		$25.01 Million
CTK Co. Ltd
KQ:260930
 		$25.01 Million
Maniker
KO:027740
 		$25.01 Million
H-FARM SPA
F:5JQ
 		$25.01 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 96,403,707,600 to 128,241,252,440, a change of 31,837,544,840 (33.0%).
  • Net income of 33,895,515,940 contributed positively to equity growth.
  • Dividend payments of 777,420,100 reduced retained earnings.
  • Share repurchases of 944,409,220 reduced equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩33.90 Billion +26.43%
Dividends Paid ₩777.42 Million -0.61%
Share Repurchases ₩944.41 Million -0.74%
Other Changes ₩-336.14 Million -0.26%
Total Change ₩- 33.03%

Book Value vs Market Value Analysis

This analysis compares Wooshin System'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: 0.71x
  • 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 0.84x to 0.71x 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 ₩7029.66 ₩5910.00 x
2018-12-31 ₩6571.80 ₩5910.00 x
2019-12-31 ₩6897.54 ₩5910.00 x
2020-12-31 ₩6290.00 ₩5910.00 x
2021-12-31 ₩5362.78 ₩5910.00 x
2022-12-31 ₩5713.27 ₩5910.00 x
2023-12-31 ₩6200.23 ₩5910.00 x
2024-12-31 ₩8297.52 ₩5910.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wooshin System 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): 26.43%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.01%
  • • Asset Turnover: 1.30x
  • • Equity Multiplier: 3.38x
  • Recent ROE (26.43%) is above the historical average (5.22%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 2.79% 1.25% 1.03x 2.16x ₩-3.46 Billion
2009 6.98% 6.73% 0.57x 1.82x ₩-1.77 Billion
2010 8.61% 5.15% 0.86x 1.94x ₩-867.59 Million
2011 11.38% 5.46% 0.96x 2.17x ₩974.10 Million
2012 7.66% 4.28% 0.86x 2.08x ₩-1.74 Billion
2013 5.13% 2.34% 0.83x 2.65x ₩-3.78 Billion
2014 13.27% 4.69% 1.25x 2.26x ₩2.98 Billion
2015 13.92% 5.75% 1.02x 2.37x ₩4.26 Billion
2016 7.77% 3.53% 1.05x 2.10x ₩-2.68 Billion
2017 -0.67% -0.32% 0.84x 2.47x ₩-12.49 Billion
2018 -3.64% -1.31% 1.02x 2.72x ₩-14.92 Billion
2019 5.07% 1.92% 0.96x 2.74x ₩-5.62 Billion
2020 -11.93% -4.94% 0.76x 3.18x ₩-22.62 Billion
2021 -14.77% -4.95% 0.85x 3.52x ₩-21.78 Billion
2022 3.07% 1.09% 0.90x 3.14x ₩-6.24 Billion
2023 7.71% 3.07% 0.64x 3.95x ₩-2.21 Billion
2024 26.43% 6.01% 1.30x 3.38x ₩21.07 Billion

Industry Comparison

This section compares Wooshin System'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
Wooshin System (017370) ₩146.09 Billion 2.79% 1.65x $25.02 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