Socar Inc. Net Assets
Socar Inc. net assets. Based on the latest financial reports, Socar Inc. (403550) has net assets worth ₩178.61 Billion KRW (≈ $121.04 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 (₩637.24 Billion ≈ $431.85 Million USD) and total liabilities (₩458.63 Billion ≈ $310.81 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. Also explore 403550 net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩178.61 Billion |
| % of Total Assets | 28.03% |
| Annual Growth Rate | 55.1% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 160.77 |
Net Assets of Socar Inc. (2020–2024)
Net assets of Socar Inc. from 2020 to 2024. This chart illustrates how Socar Inc.'s net assets have evolved over time, based on quarterly financial data. See Socar Inc. balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Socar Inc. (2020–2024)
The table below shows the annual net assets of Socar Inc. from 2020 to 2024. For live market cap and overall valuation, see 403550 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩183.47 Billion ≈ $124.33 Million |
-13.35% |
| 2023-12-31 | ₩211.74 Billion ≈ $143.49 Million |
-14.48% |
| 2022-12-31 | ₩247.58 Billion ≈ $167.78 Million |
+64.06% |
| 2021-12-31 | ₩150.91 Billion ≈ $102.27 Million |
+376.01% |
| 2020-12-31 | ₩31.70 Billion ≈ $21.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Socar Inc.'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 decreased by 8654132167000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Socar Inc. Net Assets Breakdown (December 2024)
Socar Inc. net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩544.40 Billion | 296.73% |
| Total Equity | ₩183.47 Billion | 100.00% |
Socar Inc. Competitors by Market Cap
The table below lists competitors of Socar Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Korea No. 9 Special Purpose Acquisition Co. Ltd.
KQ:368770
|
$218.19 Million |
|
Hansae Co
KO:105630
|
$218.32 Million |
|
Ritek Corp
TW:2349
|
$218.55 Million |
|
DFI Inc
TW:2397
|
$218.59 Million |
|
SIGA Technologies Inc
NASDAQ:SIGA
|
$218.04 Million |
|
PT Arkora Hydro Tbk
JK:ARKO
|
$217.93 Million |
|
TuanChe ADR
NASDAQ:TC
|
$217.88 Million |
|
Prodware
PA:ALPRO
|
$217.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Socar Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 211,739,104,490 to 183,467,679,220, a change of -28,271,425,270 (-13.4%).
- Net loss of 31,009,006,010 reduced equity.
- New share issuances of 773,020,500 increased equity.
- Other factors increased equity by 1,964,560,240.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-31.01 Billion | -16.9% |
| Share Issuances | ₩773.02 Million | +0.42% |
| Other Changes | ₩1.96 Billion | +1.07% |
| Total Change | ₩- | -13.35% |
Book Value vs Market Value Analysis
This analysis compares Socar Inc.'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: 1.75x
- 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 10.04x to 1.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₩976.05 | ₩9800.00 | x |
| 2021-12-31 | ₩4611.37 | ₩9800.00 | x |
| 2022-12-31 | ₩7565.27 | ₩9800.00 | x |
| 2023-12-31 | ₩6457.77 | ₩9800.00 | x |
| 2024-12-31 | ₩5587.24 | ₩9800.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Socar Inc. 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): -16.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.18%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 3.44x
- Recent ROE (-16.90%) is above the historical average (-50.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -210.89% | -30.54% | 0.81x | 8.50x | ₩-70.56 Billion |
| 2021 | 4.16% | 2.17% | 0.67x | 2.87x | ₩-8.81 Billion |
| 2022 | -7.33% | -4.56% | 0.68x | 2.37x | ₩-42.90 Billion |
| 2023 | -19.99% | -10.62% | 0.59x | 3.21x | ₩-63.51 Billion |
| 2024 | -16.90% | -7.18% | 0.68x | 3.44x | ₩-49.36 Billion |
Industry Comparison
This section compares Socar Inc.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $91,624,814,317
- Average return on equity (ROE) among peers: -10.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Socar Inc. (403550) | ₩178.61 Billion | -210.89% | 2.57x | $218.11 Million |
| Douzone Bizon Co Ltd (012510) | $445.34 Billion | 3.11% | 0.98x | $2.28 Billion |
| NuriFlex Co.Ltd (040160) | $39.49 Billion | 3.78% | 0.60x | $34.30 Million |
| Raonsecure Co. Ltd (042510) | $10.70 Billion | 6.45% | 0.51x | $142.43 Million |
| Osangjaiel Co. Ltd (053980) | $50.64 Billion | -47.78% | 0.49x | $28.22 Million |
| Gemvaxlink Co. Ltd (064800) | $198.25 Billion | -19.37% | 0.24x | $33.64 Million |
| Mobileleader Co.Ltd (100030) | $49.16 Billion | 7.59% | 0.24x | $44.08 Million |
| Selvas Ai Inc. (108860) | $32.69 Billion | -57.43% | 2.04x | $131.14 Million |
| RSUPPORT Co. Ltd (131370) | $53.80 Billion | -0.86% | 0.10x | $47.69 Million |
| KineMaster Corporation (139670) | $23.86 Billion | -5.37% | 0.10x | $16.98 Million |
| Bflysoft Co. Ltd. (148780) | $12.32 Billion | 5.95% | 0.34x | $80.45 Million |
About Socar Inc.
SOCAR Inc. operates as a mobility company in South Korea. It provides car sharing services. The company was founded in 2011 and is headquartered in Jeju-si, South Korea.