THN Corporation (019180) - Net Assets
Based on the latest financial reports, THN Corporation (019180) has net assets worth ₩188.10 Billion KRW (≈ $127.47 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 (₩575.23 Billion ≈ $389.83 Million USD) and total liabilities (₩387.13 Billion ≈ $262.35 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 THN Corporation (019180) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩188.10 Billion |
| % of Total Assets | 32.7% |
| Annual Growth Rate | 8.32% |
| 5-Year Change | 121.58% |
| 10-Year Change | 575.01% |
| Growth Volatility | 67.09 |
THN Corporation - Net Assets Trend (2000–2024)
This chart illustrates how THN Corporation's net assets have evolved over time, based on quarterly financial data. Also explore THN Corporation total assets for the complete picture of this company's asset base.
Annual Net Assets for THN Corporation (2000–2024)
The table below shows the annual net assets of THN Corporation from 2000 to 2024. For live valuation and market cap data, see how much is THN Corporation worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩147.98 Billion ≈ $100.28 Million |
+25.19% |
| 2023-12-31 | ₩118.21 Billion ≈ $80.11 Million |
+29.28% |
| 2022-12-31 | ₩91.43 Billion ≈ $61.96 Million |
+4.27% |
| 2021-12-31 | ₩87.69 Billion ≈ $59.43 Million |
+31.30% |
| 2020-12-31 | ₩66.78 Billion ≈ $45.26 Million |
+5.90% |
| 2019-12-31 | ₩63.06 Billion ≈ $42.74 Million |
+56.64% |
| 2018-12-31 | ₩40.26 Billion ≈ $27.28 Million |
+5.69% |
| 2017-12-31 | ₩38.09 Billion ≈ $25.81 Million |
+5.44% |
| 2016-12-31 | ₩36.13 Billion ≈ $24.48 Million |
+64.80% |
| 2015-12-31 | ₩21.92 Billion ≈ $14.86 Million |
+137.68% |
| 2014-12-31 | ₩9.22 Billion ≈ $6.25 Million |
-53.58% |
| 2013-12-31 | ₩19.87 Billion ≈ $13.46 Million |
-50.00% |
| 2012-12-31 | ₩39.74 Billion ≈ $26.93 Million |
-22.70% |
| 2011-12-31 | ₩51.41 Billion ≈ $34.84 Million |
-10.22% |
| 2010-12-31 | ₩57.26 Billion ≈ $38.81 Million |
+15.82% |
| 2009-12-31 | ₩49.44 Billion ≈ $33.51 Million |
+7.53% |
| 2008-12-31 | ₩45.98 Billion ≈ $31.16 Million |
+12.92% |
| 2007-12-31 | ₩40.72 Billion ≈ $27.60 Million |
+14.58% |
| 2006-12-31 | ₩35.54 Billion ≈ $24.08 Million |
-5.15% |
| 2005-12-31 | ₩37.47 Billion ≈ $25.39 Million |
+28.71% |
| 2004-12-31 | ₩29.11 Billion ≈ $19.73 Million |
+257.04% |
| 2003-12-31 | ₩8.15 Billion ≈ $5.53 Million |
+115.64% |
| 2002-12-31 | ₩3.78 Billion ≈ $2.56 Million |
-82.83% |
| 2001-12-31 | ₩22.02 Billion ≈ $14.92 Million |
+1.26% |
| 2000-12-31 | ₩21.75 Billion ≈ $14.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to THN Corporation'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 7408883788000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩74.09 Billion | 50.07% |
| Other Components | ₩73.89 Billion | 49.93% |
| Total Equity | ₩147.98 Billion | 100.00% |
THN Corporation Competitors by Market Cap
The table below lists competitors of THN Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Raonsecure Co. Ltd
KQ:042510
|
$91.98 Million |
|
Manuka Resources Ltd
AU:MKR
|
$92.03 Million |
|
HELIOS FAIRFAX PARTNERS
F:3UD
|
$92.04 Million |
|
GHCL TEXTILES LTD
NSE:GHCLTEXTIL
|
$92.07 Million |
|
Shinyoung Waco
KO:005800
|
$91.98 Million |
|
Golf & Co Group Ltd
TA:GOLF
|
$91.96 Million |
|
Aeye Inc
NASDAQ:LIDR
|
$91.91 Million |
|
Highlight Event Entertainment
SW:HLEE
|
$91.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in THN Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 111,525,264,950 to 147,980,318,370, a change of 36,455,053,420 (32.7%).
- Net income of 31,843,225,510 contributed positively to equity growth.
- Dividend payments of 1,080,000,000 reduced retained earnings.
- Other factors increased equity by 5,691,827,910.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩31.84 Billion | +21.52% |
| Dividends Paid | ₩1.08 Billion | -0.73% |
| Other Changes | ₩5.69 Billion | +3.85% |
| Total Change | ₩- | 32.69% |
Book Value vs Market Value Analysis
This analysis compares THN Corporation'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: 0.92x
- 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 3.59x to 0.92x 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 | ₩2099.96 | ₩7540.00 | x |
| 2018-12-31 | ₩2229.03 | ₩7540.00 | x |
| 2019-12-31 | ₩3502.56 | ₩7540.00 | x |
| 2020-12-31 | ₩3740.87 | ₩7540.00 | x |
| 2021-12-31 | ₩4825.89 | ₩7540.00 | x |
| 2022-12-31 | ₩4826.74 | ₩7540.00 | x |
| 2023-12-31 | ₩6195.85 | ₩7540.00 | x |
| 2024-12-31 | ₩8221.13 | ₩7540.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently THN Corporation 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): 21.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.89%
- • Asset Turnover: 1.43x
- • Equity Multiplier: 3.07x
- Recent ROE (21.52%) is above the historical average (3.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 6.32% | 0.82% | 1.61x | 4.81x | ₩-680.16 Million |
| 2003 | 24.03% | 2.08% | 1.53x | 7.54x | ₩1.14 Billion |
| 2004 | 38.56% | 11.19% | 1.00x | 3.44x | ₩6.63 Billion |
| 2005 | 10.65% | 3.09% | 1.15x | 2.99x | ₩200.61 Million |
| 2006 | 10.09% | 2.07% | 1.42x | 3.43x | ₩24.71 Million |
| 2007 | 9.70% | 2.12% | 1.38x | 3.32x | ₩-88.22 Million |
| 2008 | 5.36% | 1.36% | 1.16x | 3.41x | ₩-1.40 Billion |
| 2010 | 8.87% | 2.11% | 1.11x | 3.79x | ₩-383.27 Million |
| 2011 | 15.11% | 5.18% | 1.05x | 2.78x | ₩2.56 Billion |
| 2013 | -118.02% | -10.38% | 1.10x | 10.35x | ₩-25.39 Billion |
| 2014 | -54.82% | -2.56% | 1.10x | 19.45x | ₩-6.95 Billion |
| 2015 | -3.00% | -0.28% | 1.40x | 7.79x | ₩-3.30 Billion |
| 2016 | 41.69% | 5.09% | 1.46x | 5.60x | ₩11.36 Billion |
| 2017 | 8.38% | 1.01% | 1.51x | 5.48x | ₩-613.70 Million |
| 2018 | 12.55% | 1.35% | 1.76x | 5.29x | ₩1.02 Billion |
| 2019 | 27.38% | 4.29% | 1.52x | 4.21x | ₩10.96 Billion |
| 2020 | -24.08% | -4.68% | 1.24x | 4.15x | ₩-22.95 Billion |
| 2021 | 19.79% | 4.27% | 1.18x | 3.91x | ₩8.50 Billion |
| 2022 | -5.48% | -1.01% | 1.26x | 4.27x | ₩-13.45 Billion |
| 2023 | 25.49% | 4.85% | 1.45x | 3.61x | ₩17.27 Billion |
| 2024 | 21.52% | 4.89% | 1.43x | 3.07x | ₩17.05 Billion |
Industry Comparison
This section compares THN Corporation's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $565,000,713,308
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| THN Corporation (019180) | ₩188.10 Billion | 6.32% | 2.06x | $91.98 Million |
| Hankook Tire Worldwide (000240) | $1.77 Trillion | -1.14% | 2.04x | $1.60 Billion |
| Daewonkangup (000430) | $111.59 Billion | 3.26% | 1.76x | $183.40 Million |
| SG Choongbang Co Ltd (001380) | $26.46 Billion | 0.00% | 8.99x | $33.46 Million |
| Tae Won Mulsan (001420) | $32.20 Billion | 1.67% | 0.19x | $15.16 Million |
| Dongkook Ind (001620) | $170.07 Billion | -12.97% | 2.34x | $48.42 Million |
| PS Tec. Co. Ltd (002230) | $42.65 Billion | 9.95% | 0.26x | $112.51 Million |
| Nexen Tire (002350) | $1.60 Trillion | 0.30% | 1.39x | $484.20 Million |
| Nexen Tire Prf 1 (002355) | $1.56 Trillion | 7.59% | 1.21x | $19.07 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $31.63 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $33.27 Million |
About THN Corporation
THN Corporation manufactures and sells automotive electronics in South Korea and internationally. It offers electric and electronic distribution systems; electronic control network products; and junction blocks and 48V converter parts, as well as wires and parts for reducing the weight of wiring. The company was formerly known as Dong-hae corp. and changed its name to THN Corporation in 2008. THN… Read more