BIT Computer
BIT Computer operates in Diversified Metals & Mining.
BIT Computer (032850) - Net Assets
Latest net assets as of June 2024: ₩68.82 Billion KRW
Based on the latest financial reports, BIT Computer (032850) has net assets worth ₩68.82 Billion KRW as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩77.67 Billion) and total liabilities (₩8.85 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 | ₩68.82 Billion |
| % of Total Assets | 88.6% |
| Annual Growth Rate | 7.5% |
| 5-Year Change | 35.01% |
| 10-Year Change | N/A |
| Growth Volatility | 5.05 |
BIT Computer - Net Assets Trend (2016–2023)
This chart illustrates how BIT Computer's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BIT Computer (2016–2023)
The table below shows the annual net assets of BIT Computer from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ₩66.21 Billion | +4.89% |
| 2022-12-31 | ₩63.13 Billion | +7.04% |
| 2021-12-31 | ₩58.97 Billion | +7.37% |
| 2020-12-31 | ₩54.93 Billion | +12.00% |
| 2019-12-31 | ₩49.04 Billion | +16.57% |
| 2018-12-31 | ₩42.07 Billion | -0.73% |
| 2017-12-31 | ₩42.38 Billion | +6.21% |
| 2016-12-31 | ₩39.90 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BIT Computer'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 132.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩46.81 Billion | 71.07% |
| Other Components | ₩19.05 Billion | 28.93% |
| Total Equity | ₩65.87 Billion | 100.00% |
BIT Computer Competitors by Market Cap
The table below lists competitors of BIT Computer ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PERSEUS MINING - Dusseldorf Stock Exchang
DU:P4Q
|
$30.14K |
|
Tian Ruixiang Holdings Ltd
NASDAQ:TIRX
|
$30.16K |
|
Navigator Acquisition Corp
V:NAQ-P
|
$30.17K |
|
FROG CELLSAT LTD
NSE:FROG-SM
|
$30.17K |
|
ACTIA GROUP SA INH.EO-75
F:AG9
|
$30.10K |
|
ACRO Biomedical Co Ltd
PINK:ACBM
|
$30.04K |
|
NEW HOPE CORPN (OD8.SG)
STU:OD8
|
$30.04K |
|
Braxia Scientific Corp
PINK:BRAXF
|
$30.02K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BIT Computer's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 62,792,418,650 to 65,866,428,870, a change of 3,074,010,220 (4.9%).
- Net income of 5,537,762,630 contributed positively to equity growth.
- Dividend payments of 1,003,860,280 reduced retained earnings.
- Share repurchases of 1,024,224,790 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.54 Billion | +8.41% |
| Dividends Paid | ₩1.00 Billion | -1.52% |
| Share Repurchases | ₩1.02 Billion | -1.56% |
| Other Changes | ₩-435.67 Million | -0.66% |
| Total Change | ₩- | 4.90% |
Book Value vs Market Value Analysis
This analysis compares BIT Computer'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: 1.15x
- 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 1.80x to 1.15x 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 | ₩2576.92 | ₩4635.00 | x |
| 2018-12-31 | ₩2558.14 | ₩4635.00 | x |
| 2019-12-31 | ₩2981.97 | ₩4635.00 | x |
| 2020-12-31 | ₩3329.18 | ₩4635.00 | x |
| 2021-12-31 | ₩3566.31 | ₩4635.00 | x |
| 2022-12-31 | ₩3815.61 | ₩4635.00 | x |
| 2023-12-31 | ₩4040.65 | ₩4635.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BIT Computer 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): 8.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.55%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.22x
- Recent ROE (8.41%) is below the historical average (8.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.43% | 11.95% | 0.67x | 1.31x | ₩169.78 Million |
| 2017 | 8.45% | 11.23% | 0.59x | 1.27x | ₩-655.35 Million |
| 2018 | -0.56% | -0.71% | 0.58x | 1.33x | ₩-4.44 Billion |
| 2019 | 14.46% | 18.98% | 0.60x | 1.27x | ₩2.19 Billion |
| 2020 | 11.89% | 17.13% | 0.54x | 1.29x | ₩1.04 Billion |
| 2021 | 8.25% | 13.29% | 0.51x | 1.22x | ₩-1.03 Billion |
| 2022 | 7.75% | 13.86% | 0.47x | 1.18x | ₩-1.41 Billion |
| 2023 | 8.41% | 16.55% | 0.42x | 1.22x | ₩-1.05 Billion |
Industry Comparison
This section compares BIT Computer's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $99,068,743,044
- Average return on equity (ROE) among peers: -15.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BIT Computer (032850) | ₩68.82 Billion | 10.43% | 0.13x | $30.10K |
| Kukyoung G&M (006050) | $51.01 Billion | -2.56% | 0.37x | $8.53K |
| Kossen Co Ltd (009730) | $22.14 Billion | -46.64% | 1.51x | $3.70K |
| Haansoft (030520) | $452.54 Billion | 8.20% | 0.60x | $138.56K |
| Plumb Fast Co (035200) | $36.27 Billion | 5.88% | 0.12x | $22.68K |
| A-Frontier Co. Ltd. (036180) | $25.85 Billion | 16.56% | 0.27x | $3.60K |
| Infraware (041020) | $64.40 Billion | 20.35% | 0.18x | $29.58K |
| Kook Soon Dang Co. Ltd. (043650) | $204.96 Billion | -2.49% | 0.23x | $26.32K |
| Stcube (052020) | $19.12 Billion | -86.05% | 0.38x | $48.28K |
| Fourth-Link Inc. (056730) | $15.32 Billion | -52.44% | 1.70x | $2.86K |