Cuckoo Electronics Co Ltd (192400) - Net Assets
Based on the latest financial reports, Cuckoo Electronics Co Ltd (192400) has net assets worth ₩1.32 Trillion KRW (≈ $895.42 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.59 Trillion ≈ $1.08 Billion USD) and total liabilities (₩271.25 Billion ≈ $183.82 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 192400 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩1.32 Trillion |
| % of Total Assets | 82.97% |
| Annual Growth Rate | 10.97% |
| 5-Year Change | 49.01% |
| 10-Year Change | 132.89% |
| Growth Volatility | 21.46 |
Cuckoo Electronics Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Cuckoo Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Cuckoo Electronics Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cuckoo Electronics Co Ltd (2012–2025)
The table below shows the annual net assets of Cuckoo Electronics Co Ltd from 2012 to 2025. For live valuation and market cap data, see Cuckoo Electronics Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩1.32 Trillion ≈ $895.42 Million |
+10.44% |
| 2024-12-31 | ₩1.20 Trillion ≈ $810.79 Million |
+11.01% |
| 2023-12-31 | ₩1.08 Trillion ≈ $730.37 Million |
+11.36% |
| 2022-12-31 | ₩967.77 Billion ≈ $655.84 Million |
+9.14% |
| 2021-12-31 | ₩886.74 Billion ≈ $600.93 Million |
+16.54% |
| 2020-12-31 | ₩760.91 Billion ≈ $515.66 Million |
+12.95% |
| 2019-12-31 | ₩673.69 Billion ≈ $456.55 Million |
+10.54% |
| 2018-12-31 | ₩609.46 Billion ≈ $413.02 Million |
+70.33% |
| 2017-12-31 | ₩357.82 Billion ≈ $242.49 Million |
-36.93% |
| 2016-12-31 | ₩567.34 Billion ≈ $384.48 Million |
+12.08% |
| 2015-12-31 | ₩506.18 Billion ≈ $343.03 Million |
+14.79% |
| 2014-12-31 | ₩440.97 Billion ≈ $298.84 Million |
+22.76% |
| 2013-12-31 | ₩359.20 Billion ≈ $243.43 Million |
+5.24% |
| 2012-12-31 | ₩341.30 Billion ≈ $231.30 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Cuckoo Electronics 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 654.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.92 Trillion | 145.29% |
| Total Equity | ₩1.32 Trillion | 100.00% |
Cuckoo Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Cuckoo Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Probe Gold Inc.
TO:PRB
|
$537.15 Million |
|
Sariguna Primatirta PT
JK:CLEO
|
$537.21 Million |
|
LUBAWA SA
WAR:LBW
|
$537.22 Million |
|
Dingli Communications Corp Ltd
SHE:300050
|
$537.37 Million |
|
Jana Small Finance Bank
NSE:JSFB
|
$537.03 Million |
|
Kenda Rubber Industrial Co Ltd
TW:2106
|
$537.00 Million |
|
Farmacias Benavides S.A.B. de C.V.
MX:BEVIDESB
|
$536.94 Million |
|
Aquestive Therapeutics Inc
NASDAQ:AQST
|
$536.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cuckoo Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,196,444,686,560 to 1,321,655,030,630, a change of 125,210,344,070 (10.5%).
- Net income of 145,594,260,840 contributed positively to equity growth.
- Dividend payments of 37,294,062,000 reduced retained earnings.
- Other factors increased equity by 16,910,145,230.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩145.59 Billion | +11.02% |
| Dividends Paid | ₩37.29 Billion | -2.82% |
| Other Changes | ₩16.91 Billion | +1.28% |
| Total Change | ₩- | 10.47% |
Book Value vs Market Value Analysis
This analysis compares Cuckoo Electronics 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: 0.60x
- 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 1.57x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ₩16251.72 | ₩25500.00 | x |
| 2014-12-31 | ₩19904.49 | ₩25500.00 | x |
| 2015-12-31 | ₩22732.55 | ₩25500.00 | x |
| 2016-12-31 | ₩25400.01 | ₩25500.00 | x |
| 2017-12-31 | ₩16838.44 | ₩25500.00 | x |
| 2018-12-31 | ₩21915.97 | ₩25500.00 | x |
| 2019-12-31 | ₩21676.16 | ₩25500.00 | x |
| 2020-12-31 | ₩4897.30 | ₩25500.00 | x |
| 2021-12-31 | ₩28535.30 | ₩25500.00 | x |
| 2022-12-31 | ₩31139.68 | ₩25500.00 | x |
| 2023-12-31 | ₩34678.02 | ₩25500.00 | x |
| 2024-12-31 | ₩38497.65 | ₩25500.00 | x |
| 2025-12-31 | ₩42526.50 | ₩25500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cuckoo Electronics 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): 11.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.81%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.20x
- Recent ROE (11.02%) is below the historical average (22.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 15.99% | 11.29% | 1.12x | 1.27x | ₩21.52 Billion |
| 2014 | 20.58% | 16.01% | 1.02x | 1.25x | ₩46.64 Billion |
| 2015 | 14.77% | 11.18% | 1.07x | 1.23x | ₩24.09 Billion |
| 2016 | 14.37% | 11.31% | 1.00x | 1.27x | ₩24.68 Billion |
| 2017 | 124.91% | 99.29% | 0.92x | 1.37x | ₩411.17 Billion |
| 2018 | 13.88% | 17.14% | 0.66x | 1.23x | ₩23.63 Billion |
| 2019 | 11.79% | 15.04% | 0.65x | 1.21x | ₩12.06 Billion |
| 2020 | 14.02% | 18.15% | 0.64x | 1.22x | ₩30.62 Billion |
| 2021 | 16.33% | 21.14% | 0.64x | 1.21x | ₩56.16 Billion |
| 2022 | 12.06% | 15.44% | 0.66x | 1.19x | ₩19.91 Billion |
| 2023 | 12.07% | 16.85% | 0.62x | 1.16x | ₩22.35 Billion |
| 2024 | 11.48% | 16.47% | 0.61x | 1.14x | ₩17.66 Billion |
| 2025 | 11.02% | 15.81% | 0.58x | 1.20x | ₩13.43 Billion |
Industry Comparison
This section compares Cuckoo Electronics 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: $376,699,078,974
- Average return on equity (ROE) among peers: 10.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cuckoo Electronics Co Ltd (192400) | ₩1.32 Trillion | 15.99% | 0.21x | $537.07 Million |
| Shinil Electronics Co (002700) | $80.64 Billion | 1.78% | 0.57x | $57.28 Million |
| Ace Bed Company Limited (003800) | $652.72 Billion | 7.88% | 0.10x | $232.51 Million |
| Hankook Furniture Co. Ltd (004590) | $129.19 Billion | 16.94% | 0.34x | $56.62 Million |
| Hanssem (009240) | $179.39 Billion | 16.18% | 0.71x | $380.81 Million |
| Enex Co.Ltd (011090) | $33.98 Billion | 0.00% | 1.74x | $63.38 Million |
| Zinus Inc (013890) | $478.23 Billion | 10.80% | 1.13x | $146.51 Million |
| Fursys (016800) | $102.46 Billion | 19.27% | 0.24x | $162.83 Million |
| COWAY Co. Ltd (021240) | $1.90 Trillion | 24.45% | 1.00x | $4.32 Billion |
| PN Poong Nyun Co. Ltd (024940) | $51.87 Billion | 5.54% | 0.18x | $14.81 Million |
| Hansol Homedec (025750) | $154.08 Billion | 2.31% | 1.00x | $21.83 Million |
About Cuckoo Electronics Co Ltd
Cuckoo Holdings Co., Ltd., together with its subsidiaries, manufactures and sells electric heaters and daily necessities in South Korea and internationally. The company offers rice cookers; kitchen appliances, such as induction, dish wash machine, microwave, air fryer, mixer and blender, small kitchen appliance, and other products; rental products, such as water purifier, air cleaner, bidet, hair… Read more