Wooshin System (017370) - Net Assets

Latest as of September 2025: ₩146.09 Billion KRW ≈ $99.01 Million USD

Based on the latest financial reports, Wooshin System (017370) has net assets worth ₩146.09 Billion KRW (≈ $99.01 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 (₩386.89 Billion ≈ $262.19 Million USD) and total liabilities (₩240.80 Billion ≈ $163.18 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 how tangible is Wooshin System's equity to evaluate the tangible quality of the company's equity base.

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. See operational self-sufficiency of Wooshin System to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Wooshin System (2008–2024)

The table below shows the annual net assets of Wooshin System from 2008 to 2024. For live valuation and market cap data, see 017370 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	₩128.24 Billion ≈ $86.91 Million	+33.03%
2023-12-31	₩96.40 Billion ≈ $65.33 Million	+7.06%
2022-12-31	₩90.05 Billion ≈ $61.02 Million	+0.90%
2021-12-31	₩89.25 Billion ≈ $60.48 Million	-14.87%
2020-12-31	₩104.83 Billion ≈ $71.04 Million	-8.40%
2019-12-31	₩114.45 Billion ≈ $77.56 Million	+3.55%
2018-12-31	₩110.52 Billion ≈ $74.90 Million	-6.69%
2017-12-31	₩118.45 Billion ≈ $80.27 Million	-2.63%
2016-12-31	₩121.64 Billion ≈ $82.43 Million	+10.26%
2015-12-31	₩110.33 Billion ≈ $74.77 Million	+18.96%
2014-12-31	₩92.74 Billion ≈ $62.85 Million	+16.93%
2013-12-31	₩79.31 Billion ≈ $53.75 Million	+4.15%
2012-12-31	₩76.15 Billion ≈ $51.61 Million	+4.65%
2011-12-31	₩72.77 Billion ≈ $49.31 Million	+13.65%
2010-12-31	₩64.03 Billion ≈ $43.39 Million	+6.64%
2009-12-31	₩60.04 Billion ≈ $40.69 Million	+21.15%
2008-12-31	₩49.56 Billion ≈ $33.59 Million	--

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
Beneficient Class A Common Stock NASDAQ:BENF	$48.73 Million
Premium Snacks Nordic AB ST:SNX	$48.74 Million
Ai Energy Public Company Limited BK:AIE	$48.75 Million
Promateris SA RO:PPL	$48.76 Million
Sietel Ltd AU:SSL	$48.73 Million
Grazziotin S.A SA:CGRA3	$48.71 Million
Voksel Electric Tbk JK:VOKS	$48.70 Million
Plastiblends India Limited NSE:PLASTIBLEN	$48.68 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: 0.57x
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 0.67x to 0.57x 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	₩4730.00	x
2018-12-31	₩6571.80	₩4730.00	x
2019-12-31	₩6897.54	₩4730.00	x
2020-12-31	₩6290.00	₩4730.00	x
2021-12-31	₩5362.78	₩4730.00	x
2022-12-31	₩5713.27	₩4730.00	x
2023-12-31	₩6200.23	₩4730.00	x
2024-12-31	₩8297.52	₩4730.00	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: $652,001,277,004
Average return on equity (ROE) among peers: 7.38%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wooshin System (017370)	₩146.09 Billion	2.79%	1.65x	$48.73 Million
Hankook Tire Worldwide (000240)	$3.00 Trillion	5.66%	0.09x	$1.58 Billion
Daewonkangup (000430)	$490.61 Billion	2.53%	1.34x	$194.75 Million
SG Choongbang Co Ltd (001380)	$124.57 Billion	-1.20%	0.62x	$44.95 Million
Tae Won Mulsan (001420)	$31.38 Billion	2.60%	0.35x	$11.85 Million
Dongkook Ind (001620)	$268.05 Billion	11.77%	2.22x	$182.52 Million
PS Tec. Co. Ltd (002230)	$101.46 Billion	24.27%	0.32x	$61.14 Million
Nexen Tire (002350)	$1.20 Trillion	14.45%	1.18x	$464.65 Million
Nexen Tire Prf 1 (002355)	$933.36 Billion	13.77%	1.71x	$17.93 Million
Dayou A-Tech (002880)	$203.50 Billion	0.00%	3.17x	$26.24 Million
Yoo Sung Ent (002920)	$168.22 Billion	0.00%	0.38x	$31.08 Million

About Wooshin System

KO:017370 Korea Auto Parts

Market Cap

$48.73 Million

₩71.90 Billion KRW

Market Cap Rank

#22057 Global

#1347 in Korea

Share Price

₩4730.00

Change (1 day)

+0.32%

52-Week Range

₩4240.00 - ₩8170.00

All Time High

₩10706.65