SK Square Co Ltd (402340) - Net Assets
Based on the latest financial reports, SK Square Co Ltd (402340) has net assets worth ₩24.87 Trillion KRW (≈ $16.85 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 (₩27.25 Trillion ≈ $18.47 Billion USD) and total liabilities (₩2.39 Trillion ≈ $1.62 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 tangible equity quality of SK Square Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩24.87 Trillion |
| % of Total Assets | 91.24% |
| Annual Growth Rate | 5.13% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 13.25 |
SK Square Co Ltd - Net Assets Trend (2021–2024)
This chart illustrates how SK Square Co Ltd's net assets have evolved over time, based on quarterly financial data. See 402340 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SK Square Co Ltd (2021–2024)
The table below shows the annual net assets of SK Square Co Ltd from 2021 to 2024. For live valuation and market cap data, see SK Square Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩19.59 Trillion ≈ $13.27 Billion |
+23.83% |
| 2023-12-31 | ₩15.82 Trillion ≈ $10.72 Billion |
-7.85% |
| 2022-12-31 | ₩17.16 Trillion ≈ $11.63 Billion |
+1.83% |
| 2021-12-31 | ₩16.86 Trillion ≈ $11.42 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to SK Square 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 959.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩3.91 Trillion | 20.53% |
| Other Components | ₩15.12 Trillion | 79.47% |
| Total Equity | ₩19.03 Trillion | 100.00% |
SK Square Co Ltd Competitors by Market Cap
The table below lists competitors of SK Square Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vertiv Holdings Co
NYSE:VRT
|
$89.72 Billion |
|
Compagnie Financière Richemont SA
SW:CFR
|
$90.72 Billion |
|
Zijin Mining Group Co Ltd Class A
SHG:601899
|
$91.31 Billion |
|
Canadian Natural Resources Ltd
TO:CNQ
|
$91.38 Billion |
|
The Bank of New York Mellon Corporation
NYSE:BK
|
$89.57 Billion |
|
Marsh & McLennan Companies Inc
NYSE:MMC
|
$89.51 Billion |
|
Agnico Eagle Mines Limited
TO:AEM
|
$89.13 Billion |
|
KKR & Co. Inc.
NYSE:KKR
|
$88.86 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SK Square Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,201,829,000,000 to 19,032,533,000,000, a change of 3,830,704,000,000 (25.2%).
- Net income of 3,713,971,000,000 contributed positively to equity growth.
- Dividend payments of 2,388,000,000 reduced retained earnings.
- Share repurchases of 154,602,000,000 reduced equity.
- Other factors increased equity by 273,723,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.71 Trillion | +19.51% |
| Dividends Paid | ₩2.39 Billion | -0.01% |
| Share Repurchases | ₩154.60 Billion | -0.81% |
| Other Changes | ₩273.72 Billion | +1.44% |
| Total Change | ₩- | 25.20% |
Book Value vs Market Value Analysis
This analysis compares SK Square 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: 7.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.49x to 7.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ₩117768.01 | ₩1000000.00 | x |
| 2022-12-31 | ₩118971.57 | ₩1000000.00 | x |
| 2023-12-31 | ₩109481.98 | ₩1000000.00 | x |
| 2024-12-31 | ₩142748.49 | ₩1000000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SK Square 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): 19.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.50%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.15x
- Recent ROE (19.51%) is above the historical average (3.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 2.25% | 32.73% | 0.05x | 1.36x | ₩-1.29 Trillion |
| 2022 | 1.54% | 5.76% | 0.20x | 1.32x | ₩-1.42 Trillion |
| 2023 | -8.47% | -56.49% | 0.13x | 1.18x | ₩-2.81 Trillion |
| 2024 | 19.51% | 60.50% | 0.28x | 1.15x | ₩1.81 Trillion |
Industry Comparison
This section compares SK Square Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $3,579,904,205,184
- Average return on equity (ROE) among peers: 7.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SK Square Co Ltd (402340) | ₩24.87 Trillion | 2.25% | 0.10x | $89.70 Billion |
| SK Hynix Inc (000660) | $33.82 Trillion | 31.46% | 0.34x | $467.91 Billion |
| DB HiTek Co Ltd (000990) | $341.92 Billion | 25.84% | 1.89x | $4.21 Billion |
| Kec Holdings (006200) | $162.82 Billion | 0.00% | 0.71x | $73.86 Million |
| Charm Engine (009310) | $73.18 Billion | -33.85% | 8.27x | $15.73 Million |
| Auk Corp (017900) | $221.67 Billion | -4.87% | 0.26x | $365.54 Million |
| SFA Semicon Co. Ltd (036540) | $169.01 Billion | 0.00% | 3.51x | $800.04 Million |
| Simmtech Holdings Co. Ltd (036710) | $230.34 Billion | 14.38% | 5.15x | $165.29 Million |
| Fine Semitech Corp (036810) | $113.15 Billion | 16.15% | 0.60x | $438.09 Million |
| Seoul Semiconductor Co. Ltd (046890) | $467.52 Billion | 6.05% | 0.31x | $499.39 Million |
| Kona I Co.Ltd (052400) | $198.52 Billion | 15.24% | 1.08x | $462.10 Million |
About SK Square Co Ltd
SK Square Co., Ltd. invests in semiconductor, and information and communication technologies in South Korea, China, Asia, the United States, and Europe. SK Square Co., Ltd. was founded in 2021 and is headquartered in Icheon-si, South Korea.