COWAY Co. Ltd (021240) - Net Assets

Latest as of September 2025: ₩3.43 Trillion KRW ≈ $2.32 Billion USD

Based on the latest financial reports, COWAY Co. Ltd (021240) has net assets worth ₩3.43 Trillion KRW (≈ $2.32 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩6.69 Trillion ≈ $4.54 Billion USD) and total liabilities (₩3.27 Trillion ≈ $2.21 Billion 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 021240 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩3.43 Trillion
% of Total Assets	51.2%
Annual Growth Rate	11.17%
5-Year Change	114.5%
10-Year Change	158.12%
Growth Volatility	16.5

COWAY Co. Ltd - Net Assets Trend (2007–2024)

This chart illustrates how COWAY Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of COWAY Co. Ltd for the complete picture of this company's asset base.

Annual Net Assets for COWAY Co. Ltd (2007–2024)

The table below shows the annual net assets of COWAY Co. Ltd from 2007 to 2024. For live valuation and market cap data, see COWAY Co. Ltd market cap and net worth.

Year	Net Assets	Change
2024-12-31	₩3.20 Trillion ≈ $2.17 Billion	+21.17%
2023-12-31	₩2.64 Trillion ≈ $1.79 Billion	+14.09%
2022-12-31	₩2.31 Trillion ≈ $1.57 Billion	+21.40%
2021-12-31	₩1.90 Trillion ≈ $1.29 Billion	+27.81%
2020-12-31	₩1.49 Trillion ≈ $1.01 Billion	+38.32%
2019-12-31	₩1.08 Trillion ≈ $730.00 Million	-0.97%
2018-12-31	₩1.09 Trillion ≈ $737.12 Million	+10.73%
2017-12-31	₩982.26 Billion ≈ $665.66 Million	-16.99%
2016-12-31	₩1.18 Trillion ≈ $801.94 Million	-4.43%
2015-12-31	₩1.24 Trillion ≈ $839.13 Million	+19.13%
2014-12-31	₩1.04 Trillion ≈ $704.41 Million	+10.47%
2013-12-31	₩940.89 Billion ≈ $637.63 Million	+19.85%
2012-12-31	₩785.08 Billion ≈ $532.04 Million	+6.39%
2011-12-31	₩737.90 Billion ≈ $500.07 Million	-21.76%
2010-12-31	₩943.17 Billion ≈ $639.17 Million	+12.30%
2009-12-31	₩839.86 Billion ≈ $569.16 Million	+11.35%
2008-12-31	₩754.26 Billion ≈ $511.15 Million	+42.75%
2007-12-31	₩528.38 Billion ≈ $358.08 Million	--

Equity Component Analysis

This analysis shows how different components contribute to COWAY Co. Ltd'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 60188.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩2.96 Trillion	92.68%
Other Components	₩234.18 Billion	7.32%
Total Equity	₩3.20 Trillion	100.00%

COWAY Co. Ltd Competitors by Market Cap

The table below lists competitors of COWAY Co. Ltd ranked by their market capitalization.

Company	Market Cap
Bestechnic (Shanghai) Co. Ltd. A SHG:688608	$4.19 Billion
Silgan Holdings Inc NYSE:SLGN	$4.19 Billion
Oppein Home Group Inc SHG:603833	$4.19 Billion
Ondas Holdings Inc. NASDAQ:ONDS	$4.19 Billion
De Grey Mining Ltd AU:DEG	$4.19 Billion
Beijing Sinnet Technology Co Ltd SHE:300383	$4.18 Billion
Xinfengming Group Co Ltd SHG:603225	$4.18 Billion
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd SHE:000060	$4.18 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,639,888,749,610 to 3,198,397,576,980, a change of 558,508,827,370 (21.2%).
Net income of 565,600,031,100 contributed positively to equity growth.
Dividend payments of 97,961,055,750 reduced retained earnings.
Share repurchases of 36,891,968,480 reduced equity.
Other factors increased equity by 127,761,820,500.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩565.60 Billion	+17.68%
Dividends Paid	₩97.96 Billion	-3.06%
Share Repurchases	₩36.89 Billion	-1.15%
Other Changes	₩127.76 Billion	+3.99%
Total Change	₩-	21.16%

Book Value vs Market Value Analysis

This analysis compares COWAY Co. Ltd'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: 1.94x
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 6.32x to 1.94x 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	₩13619.10	₩86100.00	x
2018-12-31	₩15074.33	₩86100.00	x
2019-12-31	₩14931.20	₩86100.00	x
2020-12-31	₩20553.91	₩86100.00	x
2021-12-31	₩26268.15	₩86100.00	x
2022-12-31	₩31890.19	₩86100.00	x
2023-12-31	₩36380.27	₩86100.00	x
2024-12-31	₩44478.32	₩86100.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently COWAY Co. Ltd 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): 17.68%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.12%
• Asset Turnover: 0.75x
• Equity Multiplier: 1.80x
Recent ROE (17.68%) is below the historical average (23.62%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	21.97%	9.54%	1.30x	1.78x	₩63.27 Billion
2008	21.34%	5.72%	1.42x	2.63x	₩67.66 Billion
2009	22.47%	6.65%	1.27x	2.65x	₩84.84 Billion
2010	23.21%	7.01%	1.25x	2.65x	₩100.98 Billion
2011	22.64%	9.16%	1.12x	2.20x	₩93.26 Billion
2012	11.98%	4.72%	1.14x	2.24x	₩15.53 Billion
2013	26.05%	11.57%	1.27x	1.77x	₩150.99 Billion
2014	24.04%	11.56%	1.33x	1.56x	₩145.84 Billion
2015	27.73%	14.82%	1.30x	1.43x	₩219.41 Billion
2016	20.60%	10.25%	1.21x	1.66x	₩125.37 Billion
2017	33.20%	12.96%	1.17x	2.20x	₩227.86 Billion
2018	32.19%	12.94%	1.14x	2.19x	₩241.43 Billion
2019	30.88%	11.03%	1.06x	2.65x	₩225.11 Billion
2020	27.15%	12.51%	1.07x	2.03x	₩255.76 Billion
2021	24.43%	12.71%	0.96x	1.99x	₩275.07 Billion
2022	19.80%	11.88%	0.88x	1.89x	₩226.79 Billion
2023	17.85%	11.88%	0.82x	1.84x	₩207.31 Billion
2024	17.68%	13.12%	0.75x	1.80x	₩245.76 Billion

Industry Comparison

This section compares COWAY Co. Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.

Industry Context

Industry: Furnishings, Fixtures & Appliances
Average net assets among peers: $133,678,633,637
Average return on equity (ROE) among peers: 10.68%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
COWAY Co. Ltd (021240)	₩3.43 Trillion	21.97%	0.95x	$4.19 Billion
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
Zinus Inc (013890)	$131.54 Billion	34.33%	1.59x	$191.83 Million
Fursys (016800)	$102.46 Billion	19.27%	0.24x	$217.72 Million
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 COWAY Co. Ltd

KO:021240 Korea Furnishings, Fixtures & Appliances

Market Cap

$4.19 Billion

₩6.18 Trillion KRW

Market Cap Rank

#4037 Global

#103 in Korea

Share Price

₩86100.00

Change (1 day)

-1.49%

52-Week Range

₩70260.00 - ₩113200.00

All Time High

₩113200.00