SK Innovation (096770) - Net Assets
Based on the latest financial reports, SK Innovation (096770) has net assets worth ₩38.80 Trillion KRW (≈ $26.30 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 (₩107.90 Trillion ≈ $73.12 Billion USD) and total liabilities (₩69.10 Trillion ≈ $46.82 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 SK Innovation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩38.80 Trillion |
| % of Total Assets | 35.96% |
| Annual Growth Rate | 11.05% |
| 5-Year Change | 156.49% |
| 10-Year Change | 132.59% |
| Growth Volatility | 14.93 |
SK Innovation - Net Assets Trend (2007–2024)
This chart illustrates how SK Innovation's net assets have evolved over time, based on quarterly financial data. Also explore SK Innovation (096770) total assets for the complete picture of this company's asset base.
Annual Net Assets for SK Innovation (2007–2024)
The table below shows the annual net assets of SK Innovation from 2007 to 2024. For live valuation and market cap data, see 096770 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩39.65 Trillion ≈ $26.87 Billion |
+32.08% |
| 2023-12-31 | ₩30.02 Trillion ≈ $20.34 Billion |
+29.16% |
| 2022-12-31 | ₩23.24 Trillion ≈ $15.75 Billion |
+18.38% |
| 2021-12-31 | ₩19.63 Trillion ≈ $13.31 Billion |
+27.01% |
| 2020-12-31 | ₩15.46 Trillion ≈ $10.48 Billion |
-15.11% |
| 2019-12-31 | ₩18.21 Trillion ≈ $12.34 Billion |
-5.79% |
| 2018-12-31 | ₩19.33 Trillion ≈ $13.10 Billion |
+0.10% |
| 2017-12-31 | ₩19.31 Trillion ≈ $13.09 Billion |
+5.49% |
| 2016-12-31 | ₩18.31 Trillion ≈ $12.41 Billion |
+7.38% |
| 2015-12-31 | ₩17.05 Trillion ≈ $11.55 Billion |
+6.13% |
| 2014-12-31 | ₩16.06 Trillion ≈ $10.88 Billion |
-5.05% |
| 2013-12-31 | ₩16.92 Trillion ≈ $11.46 Billion |
+3.47% |
| 2012-12-31 | ₩16.35 Trillion ≈ $11.08 Billion |
+10.22% |
| 2011-12-31 | ₩14.83 Trillion ≈ $10.05 Billion |
+31.33% |
| 2010-12-31 | ₩11.29 Trillion ≈ $7.65 Billion |
+39.29% |
| 2009-12-31 | ₩8.11 Trillion ≈ $5.49 Billion |
+5.72% |
| 2008-12-31 | ₩7.67 Trillion ≈ $5.20 Billion |
+14.85% |
| 2007-12-31 | ₩6.68 Trillion ≈ $4.53 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to SK Innovation'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 823127668600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩8.23 Trillion | 33.40% |
| Other Components | ₩16.41 Trillion | 66.60% |
| Total Equity | ₩24.64 Trillion | 100.00% |
SK Innovation Competitors by Market Cap
The table below lists competitors of SK Innovation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Somnigroup International Inc.
NYSE:SGI
|
$16.50 Billion |
|
Unibail-Rodamco-Westfield
AU:URW
|
$16.52 Billion |
|
S.P.E.E.H Hidroelectrica S.A.
RO:H2O
|
$16.53 Billion |
|
Lundin Gold Inc
TO:LUG
|
$16.55 Billion |
|
Beiersdorf Aktiengesellschaft
F:BEI
|
$16.50 Billion |
|
Innovent Biologics Inc
F:6IB
|
$16.50 Billion |
|
Trent Limited
NSE:TRENT
|
$16.49 Billion |
|
Global Payments Inc
NYSE:GPN
|
$16.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SK Innovation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,202,714,489,000 to 24,641,444,950,000, a change of 2,438,730,461,000 (11.0%).
- Net loss of 2,259,957,140,000 reduced equity.
- Dividend payments of 313,663,876,000 reduced retained earnings.
- Share repurchases of 335,110,914,000 reduced equity.
- New share issuances of 490,327,000 increased equity.
- Other factors increased equity by 5,346,972,064,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.26 Trillion | -9.17% |
| Dividends Paid | ₩313.66 Billion | -1.27% |
| Share Repurchases | ₩335.11 Billion | -1.36% |
| Share Issuances | ₩490.33 Million | +0.0% |
| Other Changes | ₩5.35 Trillion | +21.7% |
| Total Change | ₩- | 10.98% |
Book Value vs Market Value Analysis
This analysis compares SK Innovation'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: 0.89x
- 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 increased from 0.75x to 0.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩196703.44 | ₩146700.00 | x |
| 2018-12-31 | ₩208414.60 | ₩146700.00 | x |
| 2019-12-31 | ₩200866.98 | ₩146700.00 | x |
| 2020-12-31 | ₩176594.41 | ₩146700.00 | x |
| 2021-12-31 | ₩206117.37 | ₩146700.00 | x |
| 2022-12-31 | ₩222380.69 | ₩146700.00 | x |
| 2023-12-31 | ₩233186.46 | ₩146700.00 | x |
| 2024-12-31 | ₩165656.32 | ₩146700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SK Innovation 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): -9.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.02%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 4.49x
- Recent ROE (-9.17%) is below the historical average (4.93%), 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 | 5.35% | 1.60% | 1.05x | 3.17x | ₩-285.62 Billion |
| 2008 | 12.10% | 1.68% | 2.11x | 3.41x | ₩153.88 Billion |
| 2009 | 8.54% | 1.51% | 1.78x | 3.19x | ₩-113.19 Billion |
| 2010 | 10.83% | 2.17% | 1.84x | 2.72x | ₩89.64 Billion |
| 2011 | 21.45% | 4.57% | 1.95x | 2.40x | ₩1.67 Trillion |
| 2012 | 7.61% | 1.59% | 2.17x | 2.20x | ₩-367.64 Billion |
| 2013 | 4.55% | 1.08% | 1.89x | 2.23x | ₩-863.86 Billion |
| 2014 | -3.93% | -0.89% | 1.88x | 2.34x | ₩-2.09 Trillion |
| 2015 | 5.06% | 1.66% | 1.54x | 1.97x | ₩-785.02 Billion |
| 2016 | 9.77% | 4.23% | 1.21x | 1.90x | ₩-38.98 Billion |
| 2017 | 11.63% | 4.55% | 1.35x | 1.89x | ₩295.19 Billion |
| 2018 | 9.11% | 3.03% | 1.51x | 1.99x | ₩-160.97 Billion |
| 2019 | -0.20% | -0.07% | 1.26x | 2.26x | ₩-1.78 Trillion |
| 2020 | -14.94% | -6.36% | 0.89x | 2.65x | ₩-3.63 Trillion |
| 2021 | 1.76% | 0.65% | 0.95x | 2.86x | ₩-1.43 Trillion |
| 2022 | 7.98% | 2.01% | 1.16x | 3.42x | ₩-396.14 Billion |
| 2023 | 1.15% | 0.33% | 0.96x | 3.64x | ₩-1.96 Trillion |
| 2024 | -9.17% | -3.02% | 0.68x | 4.49x | ₩-4.72 Trillion |
Industry Comparison
This section compares SK Innovation's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $2,549,215,028,303
- Average return on equity (ROE) among peers: 10.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SK Innovation (096770) | ₩38.80 Trillion | 5.35% | 1.78x | $16.50 Billion |
| Hankook Shell Oil (002960) | $112.96 Billion | 23.66% | 0.53x | $425.08 Million |
| Mi Chang Oil (003650) | $215.89 Billion | 11.63% | 0.17x | $123.55 Million |
| SK Discovery Co Ltd (006120) | $3.07 Trillion | 6.94% | 1.24x | $729.56 Million |
| SK Discovery Co Ltd (006125) | $2.32 Trillion | 7.76% | 1.15x | $36.87 Million |
| S-Oil Corp (010950) | $5.68 Trillion | -14.01% | 1.76x | $9.31 Billion |
| S-Oil Corp Pref (010955) | $8.48 Trillion | 24.81% | 1.31x | $152.67 Million |
| The LEADCORP Inc (012700) | $148.03 Billion | 17.60% | 2.15x | $63.83 Million |
| E1 Corporation (017940) | $1.25 Trillion | 3.29% | 1.93x | $410.63 Million |
| Sk Gas (018670) | $1.66 Trillion | 9.57% | 1.46x | $1.60 Billion |
About SK Innovation
SK Innovation Co., Ltd., together with its subsidiaries, engages in the development, production, and sale of petroleum, natural gas, petrochemical, lubricants, and base oil products. It operates in six segments: Petroleum and Petrochemicals, Lubricants, Battery and LiBS , E&P, E&S and Others. The company is also involved in insurance, power, district energy, renewable, city gas, LNG, manufacturin… Read more