Jeongsan Aikang Co.Ltd
TKG Aikang Co.,Ltd. engages in the manufacture and sale of piping materials for water supply, heating, and firefighting in South Korea and internationally. It provides chlorinated polyvinyl chloride, polybutylene (PB), brass fitting, water header, tap plate, flexible sprinkler pipe, PB pipe and fitting, faucet box, distributor, sprinkler head, flow control valve, and PE-RT products. The company w… Read more
Jeongsan Aikang Co.Ltd (022220) - Net Assets
Latest net assets as of September 2025: ₩92.14 Billion KRW
Based on the latest financial reports, Jeongsan Aikang Co.Ltd (022220) has net assets worth ₩92.14 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩146.60 Billion) and total liabilities (₩54.45 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩92.14 Billion |
| % of Total Assets | 62.85% |
| Annual Growth Rate | 6.7% |
| 5-Year Change | 14.32% |
| 10-Year Change | 97.62% |
| Growth Volatility | 26.95 |
Jeongsan Aikang Co.Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Jeongsan Aikang Co.Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jeongsan Aikang Co.Ltd (2007–2024)
The table below shows the annual net assets of Jeongsan Aikang Co.Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩97.99 Billion | -2.06% |
| 2023-12-31 | ₩100.05 Billion | +5.90% |
| 2022-12-31 | ₩94.48 Billion | +4.81% |
| 2021-12-31 | ₩90.14 Billion | +5.16% |
| 2020-12-31 | ₩85.72 Billion | +3.26% |
| 2019-12-31 | ₩83.02 Billion | +15.87% |
| 2018-12-31 | ₩71.65 Billion | +12.08% |
| 2017-12-31 | ₩63.93 Billion | +16.46% |
| 2016-12-31 | ₩54.89 Billion | +10.70% |
| 2015-12-31 | ₩49.59 Billion | -4.12% |
| 2014-12-31 | ₩51.72 Billion | +38.32% |
| 2013-12-31 | ₩37.39 Billion | -20.21% |
| 2012-12-31 | ₩46.86 Billion | +26.76% |
| 2011-12-31 | ₩36.97 Billion | -9.81% |
| 2010-12-31 | ₩40.99 Billion | -40.27% |
| 2009-12-31 | ₩68.63 Billion | +93.05% |
| 2008-12-31 | ₩35.55 Billion | +9.21% |
| 2007-12-31 | ₩32.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jeongsan Aikang 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 37696298.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩30.16 Billion | 30.77% |
| Common Stock | ₩25.90 Billion | 26.43% |
| Other Components | ₩41.94 Billion | 42.80% |
| Total Equity | ₩97.99 Billion | 100.00% |
Jeongsan Aikang Co.Ltd Competitors by Market Cap
The table below lists competitors of Jeongsan Aikang Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trio Petroleum Corp.
NYSE MKT:TPET
|
$10.09 Million |
|
Xilam Animation
PA:XIL
|
$10.09 Million |
|
St-Georges Eco-Mining Corp
OTCQB:SXOOF
|
$10.09 Million |
|
H.Pio Co. Ltd.
KQ:357230
|
$10.09 Million |
|
Flow Capital Corp
PINK:AHFCF
|
$10.08 Million |
|
OD6 Metals Ltd
AU:OD6
|
$10.08 Million |
|
Teton Advisors Inc
OTCQX:TETAA
|
$10.08 Million |
|
Black Swan Graphene Inc.
OTCQB:BSWGF
|
$10.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jeongsan Aikang Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 100,050,742,900 to 97,993,699,500, a change of -2,057,043,400 (-2.1%).
- Net loss of 1,934,424,160 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-1.93 Billion | -1.97% |
| Other Changes | ₩-122.62 Million | -0.13% |
| Total Change | ₩- | -2.06% |
Book Value vs Market Value Analysis
This analysis compares Jeongsan Aikang 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: 0.29x
- 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 0.51x to 0.29x 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 | ₩1059.82 | ₩543.00 | x |
| 2017-12-31 | ₩1234.24 | ₩543.00 | x |
| 2018-12-31 | ₩1383.29 | ₩543.00 | x |
| 2019-12-31 | ₩1602.83 | ₩543.00 | x |
| 2020-12-31 | ₩1655.04 | ₩543.00 | x |
| 2021-12-31 | ₩1740.40 | ₩543.00 | x |
| 2022-12-31 | ₩1824.12 | ₩543.00 | x |
| 2023-12-31 | ₩1931.68 | ₩543.00 | x |
| 2024-12-31 | ₩1891.97 | ₩543.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jeongsan Aikang 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): -1.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.31%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.12x
- Recent ROE (-1.97%) is below the historical average (6.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 32.19% | 8.17% | 1.18x | 3.35x | ₩7.89 Billion |
| 2009 | 1.30% | 0.62% | 0.76x | 2.78x | ₩-5.97 Billion |
| 2012 | 15.90% | 6.43% | 0.98x | 2.53x | ₩2.77 Billion |
| 2014 | -26.56% | -16.02% | 0.97x | 1.70x | ₩-18.91 Billion |
| 2015 | -3.74% | -3.47% | 0.60x | 1.81x | ₩-6.81 Billion |
| 2016 | 10.16% | 8.05% | 0.85x | 1.49x | ₩88.86 Million |
| 2017 | 14.91% | 12.18% | 1.01x | 1.21x | ₩3.14 Billion |
| 2018 | 10.48% | 11.56% | 0.78x | 1.16x | ₩345.66 Million |
| 2019 | 13.88% | 16.14% | 0.76x | 1.14x | ₩3.22 Billion |
| 2020 | 2.93% | 4.25% | 0.61x | 1.13x | ₩-6.06 Billion |
| 2021 | 5.08% | 6.87% | 0.64x | 1.16x | ₩-4.44 Billion |
| 2022 | 4.84% | 6.02% | 0.69x | 1.17x | ₩-4.87 Billion |
| 2023 | 5.45% | 6.98% | 0.67x | 1.17x | ₩-4.55 Billion |
| 2024 | -1.97% | -3.31% | 0.53x | 1.12x | ₩-11.73 Billion |
Industry Comparison
This section compares Jeongsan Aikang Co.Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $186,770,549,382
- Average return on equity (ROE) among peers: -1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jeongsan Aikang Co.Ltd (022220) | ₩92.14 Billion | 32.19% | 0.59x | $10.08 Million |
| Daelim B&Co (005750) | $160.64 Billion | -2.89% | 1.16x | $20.86 Million |
| Ilshinstone (007110) | $56.97 Billion | 2.92% | 0.73x | $48.68 Million |
| Byuksan Corp (007210) | $267.37 Billion | 10.45% | 0.61x | $47.32 Million |
| Shinsung E&G Co. Ltd (011930) | $48.32 Billion | 18.35% | 1.52x | $327.80 Million |
| Nuvotec (060260) | $21.06 Billion | -26.44% | 1.53x | $7.38 Million |
| Dongkuk Refractories & Steel Co. Ltd (075970) | $78.79 Billion | 2.07% | 0.62x | $13.21 Million |
| LX Hausys Ltd Preferred (108675) | $837.22 Billion | -9.21% | 1.85x | $74.99 Million |
| S.Y.PANEL Co Ltd (109610) | $177.56 Billion | 4.56% | 1.36x | $56.65 Million |
| Catis. Inc. (140430) | $33.01 Billion | -15.41% | 0.70x | $3.41 Million |