Socar Inc. (403550) - 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. Check 403550 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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 |
Socar Inc. - Net Assets Trend (2020–2024)
This chart illustrates how Socar Inc.'s net assets have evolved over time, based on quarterly financial data. See 403550 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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 valuation and market cap data, see Socar Inc. stock valuation.
| 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.
Current Equity Component Breakdown (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 |
|---|---|
|
HomeStreet Inc
NASDAQ:HMST
|
$262.43 Million |
|
Bonduelle S.C.A.
PA:BON
|
$262.44 Million |
|
Tianjin Guifaxiang 18th Street Mahua Food Co Ltd
SHE:002820
|
$262.48 Million |
|
Vimta Labs Limited
NSE:VIMTALABS
|
$262.52 Million |
|
Thye Ming Industrial Co Ltd
TW:9927
|
$262.38 Million |
|
Bharat Rasayan Limited
NSE:BHARATRAS
|
$262.36 Million |
|
Medallion Metals Ltd
AU:MM8
|
$262.18 Million |
|
Grupa Azoty Zaklady Azotowe Pulawy SA
WAR:ZAP
|
$261.98 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: 2.11x
- 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 12.08x to 2.11x 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 | ₩11790.00 | x |
| 2021-12-31 | ₩4611.37 | ₩11790.00 | x |
| 2022-12-31 | ₩7565.27 | ₩11790.00 | x |
| 2023-12-31 | ₩6457.77 | ₩11790.00 | x |
| 2024-12-31 | ₩5587.24 | ₩11790.00 | 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: $45,058,402,637
- Average return on equity (ROE) among peers: 4.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Socar Inc. (403550) | ₩178.61 Billion | -210.89% | 2.57x | $262.40 Million |
| Douzone Bizon Co Ltd (012510) | $7.82 Billion | 19.91% | 4.89x | $2.28 Billion |
| NuriFlex Co.Ltd (040160) | $48.42 Billion | 9.17% | 0.42x | $69.83 Million |
| Raonsecure Co. Ltd (042510) | $10.70 Billion | 6.45% | 0.51x | $63.71 Million |
| Osangjaiel Co. Ltd (053980) | $42.68 Billion | 9.50% | 0.74x | $35.36 Million |
| Gemvaxlink Co. Ltd (064800) | $148.23 Billion | -7.11% | 0.33x | $226.37 Million |
| Mobileleader Co.Ltd (100030) | $53.29 Billion | 10.04% | 0.19x | $33.84 Million |
| Selvas Ai Inc. (108860) | $30.44 Billion | -23.24% | 2.09x | $181.48 Million |
| RSUPPORT Co. Ltd (131370) | $95.91 Billion | 3.17% | 0.26x | $60.99 Million |
| KineMaster Corporation (139670) | $14.28 Billion | 17.22% | 0.16x | $15.71 Million |
| Bflysoft Co. Ltd. (148780) | $-1.20 Billion | 0.00% | 0.00x | $13.17 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.