K Car Co Ltd (381970) - Net Assets
Based on the latest financial reports, K Car Co Ltd (381970) has net assets worth ₩220.87 Billion KRW (≈ $149.68 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩554.50 Billion ≈ $375.78 Million USD) and total liabilities (₩333.63 Billion ≈ $226.10 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 381970 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩220.87 Billion |
| % of Total Assets | 39.83% |
| Annual Growth Rate | 7.1% |
| 5-Year Change | -18.71% |
| 10-Year Change | N/A |
| Growth Volatility | 24.46 |
K Car Co Ltd - Net Assets Trend (2019–2025)
This chart illustrates how K Car Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see K Car Co Ltd (381970) market capitalisation.
Annual Net Assets for K Car Co Ltd (2019–2025)
The table below shows the annual net assets of K Car Co Ltd from 2019 to 2025. Also explore 381970 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩223.94 Billion ≈ $151.76 Million |
-0.82% |
| 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 |
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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 488.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩87.93 Billion | 39.27% |
| Other Components | ₩136.01 Billion | 60.73% |
| Total Equity | ₩223.94 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 |
|---|---|
|
Hitit Bilgisayar Hizmetleri AS
IS:HTTBT
|
$209.10 Million |
|
AME Elite Consortium Bhd
KLSE:5293
|
$209.16 Million |
|
OP Bancorp
NASDAQ:OPBK
|
$209.20 Million |
|
Grupo Hotelero Santa Fe SAB
MX:HOTEL
|
$209.21 Million |
|
PT Estee Gold Feet Tbk
JK:EURO
|
$209.09 Million |
|
OBOOK Holdings Inc. Class A Common Shares
NASDAQ:OWLS
|
$209.04 Million |
|
AME REIT
KLSE:5307
|
$209.02 Million |
|
Kardan Israel Ltd
TA:KRDI
|
$208.80 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 2024 to 2025, total equity changed from 225,787,538,510 to 223,938,501,380, a change of -1,849,037,130 (-0.8%).
- Net income of 50,886,254,370 contributed positively to equity growth.
- Dividend payments of 58,010,120,100 reduced retained earnings.
- New share issuances of 6,382,845,540 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩50.89 Billion | +22.72% |
| Dividends Paid | ₩58.01 Billion | -25.9% |
| Share Issuances | ₩6.38 Billion | +2.85% |
| Other Changes | ₩-1.11 Billion | -0.49% |
| Total Change | ₩- | -0.82% |
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: 1.38x
- 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 2.00x to 1.38x 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 | ₩6320.00 | x |
| 2020-12-31 | ₩3646.54 | ₩6320.00 | x |
| 2021-12-31 | ₩5728.68 | ₩6320.00 | x |
| 2022-12-31 | ₩5112.06 | ₩6320.00 | x |
| 2023-12-31 | ₩4885.27 | ₩6320.00 | x |
| 2024-12-31 | ₩4686.13 | ₩6320.00 | x |
| 2025-12-31 | ₩4586.94 | ₩6320.00 | 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): 22.72%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.09%
- • Asset Turnover: 4.56x
- • Equity Multiplier: 2.39x
- Recent ROE (22.72%) is above the historical average (15.38%), 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 |
| 2025 | 22.72% | 2.09% | 4.56x | 2.39x | ₩28.49 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: $30,333,672,000
- Average return on equity (ROE) among peers: 12.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| K Car Co Ltd (381970) | ₩220.87 Billion | 9.96% | 1.51x | $209.10 Million |
| Deutsch Motors Inc (067990) | $30.33 Billion | 12.40% | 2.60x | $71.83 Million |
About K Car Co Ltd
K Car Co., Ltd. operates as an automobile distribution company in South Korea. The company sells used cars through its online and offline channels. It is also involved in the car rental business. The company was founded in 2000 and is headquartered in Seoul, South Korea.