JS Corp (194370) - Net Assets
Based on the latest financial reports, JS Corp (194370) has net assets worth ₩548.94 Billion KRW (≈ $372.01 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 (₩1.83 Trillion ≈ $1.24 Billion USD) and total liabilities (₩1.28 Trillion ≈ $867.82 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 194370 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩548.94 Billion |
| % of Total Assets | 30.0% |
| Annual Growth Rate | 24.61% |
| 5-Year Change | 236.71% |
| 10-Year Change | 414.38% |
| Growth Volatility | 29.54 |
JS Corp - Net Assets Trend (2014–2024)
This chart illustrates how JS Corp's net assets have evolved over time, based on quarterly financial data. See 194370 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for JS Corp (2014–2024)
The table below shows the annual net assets of JS Corp from 2014 to 2024. For live valuation and market cap data, see 194370 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩507.41 Billion ≈ $343.86 Million |
+73.29% |
| 2023-12-31 | ₩292.81 Billion ≈ $198.43 Million |
+14.61% |
| 2022-12-31 | ₩255.48 Billion ≈ $173.13 Million |
+26.55% |
| 2021-12-31 | ₩201.89 Billion ≈ $136.82 Million |
+33.97% |
| 2020-12-31 | ₩150.69 Billion ≈ $102.12 Million |
-3.96% |
| 2019-12-31 | ₩156.91 Billion ≈ $106.34 Million |
+1.07% |
| 2018-12-31 | ₩155.26 Billion ≈ $105.21 Million |
-0.75% |
| 2017-12-31 | ₩156.42 Billion ≈ $106.01 Million |
+0.66% |
| 2016-12-31 | ₩155.39 Billion ≈ $105.31 Million |
+57.53% |
| 2015-12-31 | ₩98.64 Billion ≈ $66.85 Million |
+75.57% |
| 2014-12-31 | ₩56.19 Billion ≈ $38.08 Million |
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Equity Component Analysis
This analysis shows how different components contribute to JS Corp'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 588.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩364.34 Billion | 76.82% |
| Other Components | ₩109.92 Billion | 23.18% |
| Total Equity | ₩474.25 Billion | 100.00% |
JS Corp Competitors by Market Cap
The table below lists competitors of JS Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TrueCar Inc
NASDAQ:TRUE
|
$225.91 Million |
|
Nanhua Instruments Co Ltd
SHE:300417
|
$226.05 Million |
|
Sonmez Filament Sentetik Iplik ve Elyaf Sanayi AS
IS:SONME
|
$226.07 Million |
|
Jinpu Landscape Architecture Co.Ltd.
SHE:301098
|
$226.09 Million |
|
Teixeira Duarte
LS:TDSA
|
$225.87 Million |
|
Guolian Securities Co. Ltd
F:34V
|
$225.63 Million |
|
Hi-Lai Foods Co Ltd
TWO:1268
|
$225.48 Million |
|
Comstock Mining Inc
NYSE MKT:LODE
|
$225.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JS Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 292,660,537,610 to 474,254,185,460, a change of 181,593,647,850 (62.0%).
- Net income of 97,426,046,420 contributed positively to equity growth.
- Dividend payments of 10,756,988,500 reduced retained earnings.
- Other factors increased equity by 94,924,589,930.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩97.43 Billion | +20.54% |
| Dividends Paid | ₩10.76 Billion | -2.27% |
| Other Changes | ₩94.92 Billion | +20.02% |
| Total Change | ₩- | 62.05% |
Book Value vs Market Value Analysis
This analysis compares JS Corp'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: 0.33x
- 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 0.95x to 0.33x 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 | ₩12160.70 | ₩11530.00 | x |
| 2018-12-31 | ₩12182.15 | ₩11530.00 | x |
| 2019-12-31 | ₩12407.57 | ₩11530.00 | x |
| 2020-12-31 | ₩12206.47 | ₩11530.00 | x |
| 2021-12-31 | ₩16117.59 | ₩11530.00 | x |
| 2022-12-31 | ₩10102.33 | ₩11530.00 | x |
| 2023-12-31 | ₩21973.83 | ₩11530.00 | x |
| 2024-12-31 | ₩34668.68 | ₩11530.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JS Corp 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): 20.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.72%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 3.86x
- Recent ROE (20.54%) is above the historical average (16.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 34.32% | 11.65% | 1.30x | 2.26x | ₩13.37 Billion |
| 2015 | 19.91% | 8.16% | 1.51x | 1.61x | ₩9.76 Billion |
| 2016 | 6.79% | 5.59% | 0.95x | 1.28x | ₩-4.98 Billion |
| 2017 | 3.70% | 2.45% | 1.24x | 1.22x | ₩-9.85 Billion |
| 2018 | 3.78% | 2.85% | 1.09x | 1.22x | ₩-9.66 Billion |
| 2019 | 5.24% | 3.24% | 1.26x | 1.29x | ₩-7.47 Billion |
| 2020 | 1.57% | 0.59% | 0.80x | 3.35x | ₩-12.70 Billion |
| 2021 | 23.92% | 4.89% | 1.79x | 2.74x | ₩28.09 Billion |
| 2022 | 25.30% | 6.62% | 1.83x | 2.09x | ₩39.06 Billion |
| 2023 | 37.51% | 12.72% | 1.13x | 2.61x | ₩80.50 Billion |
| 2024 | 20.54% | 8.72% | 0.61x | 3.86x | ₩50.00 Billion |
Industry Comparison
This section compares JS Corp's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $166,527,267,786
- Average return on equity (ROE) among peers: -1.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JS Corp (194370) | ₩548.94 Billion | 34.32% | 2.33x | $225.87 Million |
| Samyang Tongsang Co. Ltd. (002170) | $191.85 Billion | 4.68% | 0.19x | $98.76 Million |
| Hwaseung Industries Co Ltd (006060) | $117.33 Billion | 2.20% | 3.54x | $92.19 Million |
| Uni Chem (011330) | $127.96 Billion | 2.82% | 1.62x | $24.19 Million |
| Baiksan (035150) | $147.01 Billion | 13.04% | 1.25x | $147.17 Million |
| InBioGen Co Ltd (101140) | $4.12 Billion | -39.09% | 0.72x | $46.55 Million |
| Gumho NT Co Ltd (130500) | $26.99 Billion | 4.26% | 0.71x | $20.50 Million |
| Hwaseung Enterprise Co Ltd (241590) | $550.42 Billion | -1.18% | 1.42x | $148.23 Million |
About JS Corp
JS Corporation engages in the manufacture and sale of handbags worldwide. It provides luxury leather handbags. The company was founded in 1985 and is headquartered in Seoul, South Korea.