K Car Co Ltd (381970) - Net Assets
Based on the latest financial reports, K Car Co Ltd (381970) has net assets worth ₩231.37 Billion KRW (≈ $156.80 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 (₩553.16 Billion ≈ $374.87 Million USD) and total liabilities (₩321.79 Billion ≈ $218.07 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 financial resilience of K Car Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩231.37 Billion |
| % of Total Assets | 41.83% |
| Annual Growth Rate | 8.76% |
| 5-Year Change | 32.07% |
| 10-Year Change | N/A |
| Growth Volatility | 26.32 |
K Car Co Ltd - Net Assets Trend (2019–2024)
This chart illustrates how K Car Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 381970 total assets for the complete picture of this company's asset base.
Annual Net Assets for K Car Co Ltd (2019–2024)
The table below shows the annual net assets of K Car Co Ltd from 2019 to 2024. For live valuation and market cap data, see market cap of K Car Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩225.79 Billion ≈ $153.01 Million |
-3.89% |
| 2023-12-31 | ₩234.92 Billion ≈ $159.20 Million |
-4.44% |
| 2022-12-31 | ₩245.82 Billion ≈ $166.59 Million |
-10.76% |
| 2021-12-31 | ₩275.47 Billion ≈ $186.68 Million |
+61.13% |
| 2020-12-31 | ₩170.97 Billion ≈ $115.86 Million |
+15.23% |
| 2019-12-31 | ₩148.37 Billion ≈ $100.55 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to K Car 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 543.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩96.16 Billion | 42.59% |
| Other Components | ₩129.62 Billion | 57.41% |
| Total Equity | ₩225.79 Billion | 100.00% |
K Car Co Ltd Competitors by Market Cap
The table below lists competitors of K Car Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NEL ASA ADR/30 NK -20
F:D7GA
|
$352.91 Million |
|
Barem Ambalaj Sanayi ve Ticaret a.s.
IS:BARMA
|
$353.05 Million |
|
Ferm. Casino Mun. Canne
PA:FCMC
|
$353.17 Million |
|
Oceana
JSE:OCE
|
$353.19 Million |
|
Tianjin Meiteng Technology Co. Ltd. A
SHG:688420
|
$352.62 Million |
|
Dalmia Bharat Sugar and Industries Limited
NSE:DALMIASUG
|
$352.49 Million |
|
Pollard Banknote Limited
TO:PBL
|
$352.45 Million |
|
Diamond Food Indonesia PT
JK:DMND
|
$352.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in K Car Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 234,915,872,380 to 225,787,538,510, a change of -9,128,333,870 (-3.9%).
- Net income of 43,965,329,850 contributed positively to equity growth.
- Dividend payments of 50,109,355,920 reduced retained earnings.
- Other factors decreased equity by 2,984,307,800.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩43.97 Billion | +19.47% |
| Dividends Paid | ₩50.11 Billion | -22.19% |
| Other Changes | ₩-2.98 Billion | -1.32% |
| Total Change | ₩- | -3.89% |
Book Value vs Market Value Analysis
This analysis compares K Car 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: 2.30x
- 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 3.41x to 2.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₩3164.55 | ₩10800.00 | x |
| 2020-12-31 | ₩3646.54 | ₩10800.00 | x |
| 2021-12-31 | ₩5728.68 | ₩10800.00 | x |
| 2022-12-31 | ₩5112.06 | ₩10800.00 | x |
| 2023-12-31 | ₩4885.27 | ₩10800.00 | x |
| 2024-12-31 | ₩4686.13 | ₩10800.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently K Car 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): 19.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.91%
- • Asset Turnover: 4.39x
- • Equity Multiplier: 2.32x
- Recent ROE (19.47%) is above the historical average (14.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 9.96% | 1.25% | 3.70x | 2.16x | ₩-59.00 Million |
| 2020 | 14.11% | 1.82% | 3.87x | 2.00x | ₩7.03 Billion |
| 2021 | 16.98% | 2.46% | 3.46x | 2.00x | ₩19.23 Billion |
| 2022 | 12.35% | 1.39% | 4.07x | 2.17x | ₩5.78 Billion |
| 2023 | 12.07% | 1.39% | 3.70x | 2.36x | ₩4.87 Billion |
| 2024 | 19.47% | 1.91% | 4.39x | 2.32x | ₩21.39 Billion |
Industry Comparison
This section compares K Car Co Ltd's net assets metrics with peer companies in the Auto & Truck Dealerships industry.
Industry Context
- Industry: Auto & Truck Dealerships
- Average net assets among peers: $405,329,884,980
- Average return on equity (ROE) among peers: -1.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| K Car Co Ltd (381970) | ₩231.37 Billion | 9.96% | 1.39x | $352.64 Million |
| Deutsch Motors Inc (067990) | $405.33 Billion | -1.21% | 3.12x | $100.73 Million |
About K Car Co Ltd
K Car Co., Ltd. operates as an automobile distribution company in South Korea. It sells used cars through its online and offline channels. The company is also involved in the car rental business. The company was founded in 2000 and is based in Seoul, South Korea.