Jeongsan Aikang Co.Ltd (022220) - Net Assets
Based on the latest financial reports, Jeongsan Aikang Co.Ltd (022220) has net assets worth ₩81.61 Billion KRW (≈ $55.31 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩144.63 Billion ≈ $98.01 Million USD) and total liabilities (₩63.02 Billion ≈ $42.71 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 how strategically is Jeongsan Aikang Co.Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩81.61 Billion |
| % of Total Assets | 56.43% |
| Annual Growth Rate | 5.59% |
| 5-Year Change | -3.86% |
| 10-Year Change | 57.88% |
| Growth Volatility | 26.64 |
Jeongsan Aikang Co.Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Jeongsan Aikang Co.Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 022220 market cap.
Annual Net Assets for Jeongsan Aikang Co.Ltd (2007–2025)
The table below shows the annual net assets of Jeongsan Aikang Co.Ltd from 2007 to 2025. Also explore 022220 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩86.66 Billion ≈ $58.73 Million |
-11.56% |
| 2024-12-31 | ₩97.99 Billion ≈ $66.41 Million |
-2.06% |
| 2023-12-31 | ₩100.05 Billion ≈ $67.80 Million |
+5.90% |
| 2022-12-31 | ₩94.48 Billion ≈ $64.03 Million |
+4.81% |
| 2021-12-31 | ₩90.14 Billion ≈ $61.09 Million |
+5.16% |
| 2020-12-31 | ₩85.72 Billion ≈ $58.09 Million |
+3.26% |
| 2019-12-31 | ₩83.02 Billion ≈ $56.26 Million |
+15.87% |
| 2018-12-31 | ₩71.65 Billion ≈ $48.55 Million |
+12.08% |
| 2017-12-31 | ₩63.93 Billion ≈ $43.32 Million |
+16.46% |
| 2016-12-31 | ₩54.89 Billion ≈ $37.20 Million |
+10.70% |
| 2015-12-31 | ₩49.59 Billion ≈ $33.60 Million |
-4.12% |
| 2014-12-31 | ₩51.72 Billion ≈ $35.05 Million |
+38.32% |
| 2013-12-31 | ₩37.39 Billion ≈ $25.34 Million |
-20.21% |
| 2012-12-31 | ₩46.86 Billion ≈ $31.76 Million |
+26.76% |
| 2011-12-31 | ₩36.97 Billion ≈ $25.05 Million |
-9.81% |
| 2010-12-31 | ₩40.99 Billion ≈ $27.78 Million |
-40.27% |
| 2009-12-31 | ₩68.63 Billion ≈ $46.51 Million |
+93.05% |
| 2008-12-31 | ₩35.55 Billion ≈ $24.09 Million |
+9.21% |
| 2007-12-31 | ₩32.55 Billion ≈ $22.06 Million |
-- |
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 23535036.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩18.83 Billion | 21.73% |
| Other Components | ₩67.84 Billion | 78.27% |
| Total Equity | ₩86.66 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 |
|---|---|
|
Sprintex Ltd
AU:SIX
|
$29.31 Million |
|
Quest Resource Holding Corp
NASDAQ:QRHC
|
$29.32 Million |
|
Tugcelik Aluminyum ve Metal
IS:TUCLK
|
$29.35 Million |
|
Myungmoon Phar
KO:017180
|
$29.36 Million |
|
SCD Co. Ltd
KQ:042110
|
$29.30 Million |
|
Mepet Metro Petrol ve Tesisleri Sanayi Ticaret AS
IS:MEPET
|
$29.30 Million |
|
Prodigy Public Company Limited
BK:PDG
|
$29.25 Million |
|
Laurion Mineral Exploration Inc
V:LME
|
$29.23 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 2024 to 2025, total equity changed from 97,993,699,500 to 86,664,689,410, a change of -11,329,010,090 (-11.6%).
- Net loss of 11,527,550,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-11.53 Billion | -13.3% |
| Other Changes | ₩198.54 Million | +0.23% |
| Total Change | ₩- | -11.56% |
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: 0.50x
- 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 0.79x to 0.50x 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 | ₩835.00 | x |
| 2017-12-31 | ₩1234.24 | ₩835.00 | x |
| 2018-12-31 | ₩1383.29 | ₩835.00 | x |
| 2019-12-31 | ₩1602.83 | ₩835.00 | x |
| 2020-12-31 | ₩1655.04 | ₩835.00 | x |
| 2021-12-31 | ₩1740.40 | ₩835.00 | x |
| 2022-12-31 | ₩1824.12 | ₩835.00 | x |
| 2023-12-31 | ₩1931.68 | ₩835.00 | x |
| 2024-12-31 | ₩1891.97 | ₩835.00 | x |
| 2025-12-31 | ₩1673.24 | ₩835.00 | 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): -13.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.81%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.60x
- Recent ROE (-13.30%) is below the historical average (4.77%), 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 |
| 2025 | -13.30% | -17.81% | 0.47x | 1.60x | ₩-20.19 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: $275,821,529,409
- Average return on equity (ROE) among peers: 6.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jeongsan Aikang Co.Ltd (022220) | ₩81.61 Billion | 32.19% | 0.77x | $29.31 Million |
| Daelim B&Co (005750) | $151.29 Billion | 0.86% | 0.56x | $49.08 Million |
| Ilshinstone (007110) | $50.31 Billion | -4.46% | 0.56x | $31.64 Million |
| Byuksan Corp (007210) | $267.37 Billion | 10.45% | 0.61x | $54.44 Million |
| Shinsung E&G Co. Ltd (011930) | $68.29 Billion | 4.14% | 1.04x | $2.30 Billion |
| Nuvotec (060260) | $27.63 Billion | 6.53% | 0.67x | $8.59 Million |
| Dongkuk Refractories & Steel Co. Ltd (075970) | $49.62 Billion | 11.26% | 1.94x | $20.28 Million |
| LX Hausys Ltd (108670) | $985.58 Billion | 6.88% | 1.62x | $202.58 Million |
| LX Hausys Ltd Preferred (108675) | $832.98 Billion | 7.42% | 1.86x | $12.77 Million |
| S.Y.PANEL Co Ltd (109610) | $49.32 Billion | 15.01% | 3.41x | $61.49 Million |
About 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