Soosan Heavy I (017550) - Net Assets

Latest as of September 2025: ₩192.15 Billion KRW ≈ $130.22 Million USD

Based on the latest financial reports, Soosan Heavy I (017550) has net assets worth ₩192.15 Billion KRW (≈ $130.22 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 (₩270.03 Billion ≈ $182.99 Million USD) and total liabilities (₩77.87 Billion ≈ $52.77 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 017550 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩192.15 Billion
% of Total Assets	71.16%
Annual Growth Rate	9.65%
5-Year Change	79.7%
10-Year Change	108.91%
Growth Volatility	10.59

Soosan Heavy I - Net Assets Trend (2006–2024)

This chart illustrates how Soosan Heavy I's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Soosan Heavy I for the complete picture of this company's asset base.

Annual Net Assets for Soosan Heavy I (2006–2024)

The table below shows the annual net assets of Soosan Heavy I from 2006 to 2024. For live valuation and market cap data, see 017550 company net worth.

Year	Net Assets	Change
2024-12-31	₩186.25 Billion ≈ $126.22 Million	+6.12%
2023-12-31	₩175.50 Billion ≈ $118.94 Million	+26.67%
2022-12-31	₩138.55 Billion ≈ $93.89 Million	+13.52%
2021-12-31	₩122.05 Billion ≈ $82.71 Million	+17.76%
2020-12-31	₩103.65 Billion ≈ $70.24 Million	+3.28%
2019-12-31	₩100.36 Billion ≈ $68.01 Million	+1.38%
2018-12-31	₩98.99 Billion ≈ $67.08 Million	+7.12%
2017-12-31	₩92.41 Billion ≈ $62.62 Million	+1.24%
2016-12-31	₩91.27 Billion ≈ $61.85 Million	+2.38%
2015-12-31	₩89.15 Billion ≈ $60.42 Million	-0.45%
2014-12-31	₩89.56 Billion ≈ $60.69 Million	+7.71%
2013-12-31	₩83.14 Billion ≈ $56.35 Million	+3.40%
2012-12-31	₩80.41 Billion ≈ $54.49 Million	+13.96%
2011-12-31	₩70.56 Billion ≈ $47.82 Million	+37.99%
2010-12-31	₩51.14 Billion ≈ $34.65 Million	+20.45%
2009-12-31	₩42.45 Billion ≈ $28.77 Million	-2.43%
2008-12-31	₩43.51 Billion ≈ $29.49 Million	+1.98%
2007-12-31	₩42.67 Billion ≈ $28.92 Million	+20.38%
2006-12-31	₩35.45 Billion ≈ $24.02 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Soosan Heavy I'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 12813756865000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩128.14 Billion	68.80%
Other Components	₩58.11 Billion	31.20%
Total Equity	₩186.25 Billion	100.00%

Soosan Heavy I Competitors by Market Cap

The table below lists competitors of Soosan Heavy I ranked by their market capitalization.

Company	Market Cap
Mercuries Data Systems Ltd TW:2427	$131.62 Million
Korea Fuel-Tech Corporation KQ:123410	$131.70 Million
MCOT Public Company Limited BK:MCOT	$131.71 Million
Red Star Macalline Group Corporation Ltd F:3S5	$131.73 Million
Fate Therapeutics Inc NASDAQ:FATE	$131.50 Million
CPE Technology Berhad KLSE:5317	$131.47 Million
Lara Exploration Ltd. V:LRA	$131.41 Million
Fabryki Mebli Forte S.A. WAR:FTE	$131.39 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 175,504,537,460 to 186,252,303,460, a change of 10,747,766,000 (6.1%).
Net income of 9,225,939,690 contributed positively to equity growth.
Dividend payments of 624,003,600 reduced retained earnings.
Other factors increased equity by 2,145,829,910.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩9.23 Billion	+4.95%
Dividends Paid	₩624.00 Million	-0.34%
Other Changes	₩2.15 Billion	+1.15%
Total Change	₩-	6.12%

Book Value vs Market Value Analysis

This analysis compares Soosan Heavy I'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: 1.04x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 1.73x to 1.04x 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	₩1796.27	₩3110.00	x
2018-12-31	₩1924.19	₩3110.00	x
2019-12-31	₩1950.79	₩3110.00	x
2020-12-31	₩2014.76	₩3110.00	x
2021-12-31	₩2260.80	₩3110.00	x
2022-12-31	₩2566.42	₩3110.00	x
2023-12-31	₩2812.61	₩3110.00	x
2024-12-31	₩2984.85	₩3110.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Soosan Heavy I 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): 4.95%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.66%
• Asset Turnover: 0.83x
• Equity Multiplier: 1.27x
Recent ROE (4.95%) is below the historical average (8.38%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	17.51%	9.29%	0.92x	2.04x	₩2.52 Billion
2007	17.37%	6.35%	1.15x	2.37x	₩2.95 Billion
2008	1.64%	0.51%	1.18x	2.71x	₩-3.50 Billion
2010	17.05%	7.77%	1.30x	1.69x	₩3.51 Billion
2011	17.36%	9.44%	1.08x	1.71x	₩5.04 Billion
2012	15.22%	8.62%	1.05x	1.68x	₩4.08 Billion
2013	4.81%	2.90%	0.99x	1.68x	₩-4.20 Billion
2014	6.53%	4.94%	0.86x	1.53x	₩-3.03 Billion
2015	1.23%	1.06%	0.85x	1.36x	₩-7.69 Billion
2016	2.92%	3.00%	0.82x	1.19x	₩-6.46 Billion
2017	3.13%	2.84%	0.92x	1.20x	₩-6.35 Billion
2018	6.72%	7.86%	0.41x	2.07x	₩-3.25 Billion
2019	0.14%	0.09%	0.86x	1.83x	₩-9.89 Billion
2020	3.89%	2.93%	0.58x	2.28x	₩-6.33 Billion
2021	9.33%	4.50%	1.07x	1.93x	₩-811.72 Million
2022	11.37%	5.50%	1.09x	1.89x	₩1.89 Billion
2023	9.61%	7.45%	0.86x	1.50x	₩-677.42 Million
2024	4.95%	4.66%	0.83x	1.27x	₩-9.40 Billion

Industry Comparison

This section compares Soosan Heavy I's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.

Industry Context

Industry: Farm & Heavy Construction Machinery
Average net assets among peers: $1,155,753,238,230
Average return on equity (ROE) among peers: -109.24%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Soosan Heavy I (017550)	₩192.15 Billion	17.51%	0.41x	$131.51 Million
Daedong Ind (000490)	$225.94 Billion	-0.48%	1.56x	$184.13 Million
TYM Corporation (002900)	$132.65 Billion	2.78%	1.68x	$207.74 Million
JINSUNG T.E.C. Inc (036890)	$297.53 Billion	10.97%	0.73x	$241.08 Million
Hyundai Everdigm Corp (041440)	$178.93 Billion	5.99%	0.63x	$111.24 Million
Hyundai Doosan Infracore Co Ltd (042670)	$600.26 Billion	11.98%	3.51x	$1.77 Billion
ENPlus Co Ltd (074610)	$7.46 Billion	-1037.94%	12.44x	$25.41 Million
DY Power Corp (210540)	$293.43 Billion	7.47%	0.20x	$115.55 Million
Doosan Bobcat Inc (241560)	$6.89 Trillion	8.17%	0.74x	$4.67 Billion
Hyundai Construction Equipment Co Ltd (267270)	$1.77 Trillion	7.87%	0.86x	$5.98 Billion

About Soosan Heavy I

KO:017550 Korea Farm & Heavy Construction Machinery

Market Cap

$131.51 Million

₩194.06 Billion KRW

Market Cap Rank

#18135 Global

#896 in Korea

Share Price

₩3110.00

Change (1 day)

-1.27%

52-Week Range

₩1631.00 - ₩3560.00

All Time High

₩7421.78