Hankook Furniture Co. Ltd (004590) - Net Assets
Based on the latest financial reports, Hankook Furniture Co. Ltd (004590) has net assets worth ₩197.51 Billion KRW (≈ $133.85 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 (₩250.13 Billion ≈ $169.51 Million USD) and total liabilities (₩52.62 Billion ≈ $35.66 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 Hankook Furniture Co. Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩197.51 Billion |
| % of Total Assets | 78.96% |
| Annual Growth Rate | 10.32% |
| 5-Year Change | 59.25% |
| 10-Year Change | 140.09% |
| Growth Volatility | 7.1 |
Hankook Furniture Co. Ltd - Net Assets Trend (2010–2024)
This chart illustrates how Hankook Furniture Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Hankook Furniture Co. Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Hankook Furniture Co. Ltd (2010–2024)
The table below shows the annual net assets of Hankook Furniture Co. Ltd from 2010 to 2024. For live valuation and market cap data, see 004590 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩185.93 Billion ≈ $126.00 Million |
+5.53% |
| 2023-12-31 | ₩176.18 Billion ≈ $119.40 Million |
+6.67% |
| 2022-12-31 | ₩165.17 Billion ≈ $111.93 Million |
+27.85% |
| 2021-12-31 | ₩129.19 Billion ≈ $87.55 Million |
+10.65% |
| 2020-12-31 | ₩116.75 Billion ≈ $79.12 Million |
+12.49% |
| 2019-12-31 | ₩103.78 Billion ≈ $70.33 Million |
+4.44% |
| 2018-12-31 | ₩99.37 Billion ≈ $67.34 Million |
+6.80% |
| 2017-12-31 | ₩93.05 Billion ≈ $63.06 Million |
+13.60% |
| 2016-12-31 | ₩81.91 Billion ≈ $55.51 Million |
+5.77% |
| 2015-12-31 | ₩77.44 Billion ≈ $52.48 Million |
+7.45% |
| 2014-12-31 | ₩72.07 Billion ≈ $48.84 Million |
+7.07% |
| 2013-12-31 | ₩67.32 Billion ≈ $45.62 Million |
+3.04% |
| 2012-12-31 | ₩65.33 Billion ≈ $44.27 Million |
+11.44% |
| 2011-12-31 | ₩58.62 Billion ≈ $39.73 Million |
+24.71% |
| 2010-12-31 | ₩47.01 Billion ≈ $31.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hankook Furniture 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 14221287350000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩142.21 Billion | 76.49% |
| Common Stock | ₩1.50 Billion | 0.81% |
| Other Components | ₩42.21 Billion | 22.70% |
| Total Equity | ₩185.93 Billion | 100.00% |
Hankook Furniture Co. Ltd Competitors by Market Cap
The table below lists competitors of Hankook Furniture Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hwacheon Mac
KO:000850
|
$57.77 Million |
|
Woory Industrial Co. Ltd
KQ:215360
|
$57.80 Million |
|
Nila Spaces Limited
NSE:NILASPACES
|
$57.80 Million |
|
Sugentech Inc
KQ:253840
|
$57.82 Million |
|
Oceana Lithium Ltd
AU:OCN
|
$57.73 Million |
|
Razor Labs Ltd
TA:RZR
|
$57.72 Million |
|
Jinhui Shipping and Transportation Limited
F:J4O
|
$57.72 Million |
|
Berlian Laju Tanker Tbk PT
JK:BLTA
|
$57.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hankook Furniture Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 172,678,199,740 to 185,927,393,210, a change of 13,249,193,470 (7.7%).
- Net income of 15,991,641,640 contributed positively to equity growth.
- Dividend payments of 2,435,280,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩15.99 Billion | +8.6% |
| Dividends Paid | ₩2.44 Billion | -1.31% |
| Other Changes | ₩-307.17 Million | -0.17% |
| Total Change | ₩- | 7.67% |
Book Value vs Market Value Analysis
This analysis compares Hankook Furniture 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: 0.46x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.04x to 0.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩5460.66 | ₩5680.00 | x |
| 2017-12-31 | ₩6203.15 | ₩5680.00 | x |
| 2018-12-31 | ₩6624.66 | ₩5680.00 | x |
| 2019-12-31 | ₩6918.97 | ₩5680.00 | x |
| 2020-12-31 | ₩7783.46 | ₩5680.00 | x |
| 2021-12-31 | ₩8612.45 | ₩5680.00 | x |
| 2022-12-31 | ₩11011.25 | ₩5680.00 | x |
| 2023-12-31 | ₩11511.88 | ₩5680.00 | x |
| 2024-12-31 | ₩12395.16 | ₩5680.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hankook Furniture 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): 8.60%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.42%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.29x
- Recent ROE (8.60%) is above the historical average (6.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 0.48% | 0.64% | 0.53x | 1.42x | ₩-4.47 Billion |
| 2011 | 3.18% | 4.78% | 0.48x | 1.39x | ₩-4.00 Billion |
| 2012 | 5.18% | 8.67% | 0.46x | 1.31x | ₩-3.15 Billion |
| 2013 | 4.08% | 6.79% | 0.49x | 1.23x | ₩-3.98 Billion |
| 2014 | 7.19% | 11.23% | 0.53x | 1.21x | ₩-2.02 Billion |
| 2015 | 7.77% | 12.50% | 0.52x | 1.19x | ₩-1.72 Billion |
| 2016 | 7.01% | 9.99% | 0.58x | 1.22x | ₩-2.45 Billion |
| 2017 | 5.89% | 10.01% | 0.49x | 1.19x | ₩-3.82 Billion |
| 2018 | 7.45% | 12.29% | 0.45x | 1.35x | ₩-2.54 Billion |
| 2019 | 5.85% | 9.24% | 0.47x | 1.33x | ₩-4.31 Billion |
| 2020 | 7.93% | 12.26% | 0.48x | 1.33x | ₩-2.42 Billion |
| 2021 | 16.94% | 23.52% | 0.54x | 1.34x | ₩8.96 Billion |
| 2022 | 7.14% | 11.68% | 0.48x | 1.28x | ₩-4.73 Billion |
| 2023 | 6.38% | 10.71% | 0.46x | 1.29x | ₩-6.25 Billion |
| 2024 | 8.60% | 12.42% | 0.54x | 1.29x | ₩-2.60 Billion |
Industry Comparison
This section compares Hankook Furniture Co. Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $372,211,965,396
- Average return on equity (ROE) among peers: 12.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hankook Furniture Co. Ltd (004590) | ₩197.51 Billion | 0.48% | 0.27x | $57.74 Million |
| Shinil Electronics Co (002700) | $82.61 Billion | 9.66% | 0.48x | $69.15 Million |
| Ace Bed Company Limited (003800) | $370.77 Billion | 8.17% | 0.09x | $245.03 Million |
| Hanssem (009240) | $125.47 Billion | 3.99% | 1.01x | $508.49 Million |
| Enex Co.Ltd (011090) | $45.34 Billion | 9.78% | 1.64x | $17.20 Million |
| Zinus Inc (013890) | $131.54 Billion | 34.33% | 1.59x | $191.83 Million |
| Fursys (016800) | $102.46 Billion | 19.27% | 0.24x | $217.72 Million |
| COWAY Co. Ltd (021240) | $2.31 Trillion | 19.82% | 0.89x | $4.19 Billion |
| PN Poong Nyun Co. Ltd (024940) | $46.25 Billion | 3.69% | 0.18x | $21.05 Million |
| Hansol Homedec (025750) | $133.51 Billion | 0.11% | 1.19x | $149.87 Million |
About Hankook Furniture Co. Ltd
Hankook Furniture Co., Ltd. designs, manufactures, and sells furniture in South Korea. The company offers bed, mattress, other furniture, sofas, cocktail tables, armchair, storage, tables, chairs, stools, sideboard, desk, office chairs, and bookcases under the Roche bobois, Kartell, MDF ITALIA, Flou, GTV, Nicoline, Gealux, Norr11, Mattiazzi, Acerbis brand names. It also exports its products. Hank… Read more