PLAYWITH Inc (023770) - Net Assets
Based on the latest financial reports, PLAYWITH Inc (023770) has net assets worth ₩17.92 Billion KRW (≈ $12.14 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩30.13 Billion ≈ $20.42 Million USD) and total liabilities (₩12.21 Billion ≈ $8.27 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 023770 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩17.92 Billion |
| % of Total Assets | 59.48% |
| Annual Growth Rate | 1.44% |
| 5-Year Change | -38.03% |
| 10-Year Change | 64.96% |
| Growth Volatility | 185.82 |
PLAYWITH Inc - Net Assets Trend (2006–2025)
This chart illustrates how PLAYWITH Inc's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of PLAYWITH Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for PLAYWITH Inc (2006–2025)
The table below shows the annual net assets of PLAYWITH Inc from 2006 to 2025. For live valuation and market cap data, see market cap of PLAYWITH Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩17.92 Billion ≈ $12.14 Million |
-5.96% |
| 2024-12-31 | ₩19.06 Billion ≈ $12.91 Million |
-26.52% |
| 2023-12-31 | ₩25.93 Billion ≈ $17.58 Million |
-4.44% |
| 2022-12-31 | ₩27.14 Billion ≈ $18.39 Million |
-6.14% |
| 2021-12-31 | ₩28.92 Billion ≈ $19.60 Million |
-12.53% |
| 2020-12-31 | ₩33.06 Billion ≈ $22.40 Million |
+83.06% |
| 2019-12-31 | ₩18.06 Billion ≈ $12.24 Million |
+326.47% |
| 2018-12-31 | ₩4.23 Billion ≈ $2.87 Million |
-49.29% |
| 2017-12-31 | ₩8.35 Billion ≈ $5.66 Million |
-23.13% |
| 2016-12-31 | ₩10.86 Billion ≈ $7.36 Million |
+428.31% |
| 2013-12-31 | ₩2.06 Billion ≈ $1.39 Million |
-81.26% |
| 2012-12-31 | ₩10.97 Billion ≈ $7.44 Million |
-47.54% |
| 2011-12-31 | ₩20.91 Billion ≈ $14.17 Million |
-21.90% |
| 2010-12-31 | ₩26.78 Billion ≈ $18.15 Million |
-7.98% |
| 2009-12-31 | ₩29.10 Billion ≈ $19.72 Million |
-2.48% |
| 2008-12-31 | ₩29.84 Billion ≈ $20.22 Million |
+581.84% |
| 2007-12-31 | ₩4.38 Billion ≈ $2.97 Million |
-67.94% |
| 2006-12-31 | ₩13.65 Billion ≈ $9.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to PLAYWITH 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 359522343000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩21.52 Billion | 120.06% |
| Total Equity | ₩17.92 Billion | 100.00% |
PLAYWITH Inc Competitors by Market Cap
The table below lists competitors of PLAYWITH Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MRG Metals Ltd
AU:MRQ
|
$6.34 Million |
|
Polar Power Inc
NASDAQ:POLA
|
$6.34 Million |
|
Farlim Group (Malaysia) Bhd
KLSE:6041
|
$6.34 Million |
|
Triton Development S.A.
WAR:TRI
|
$6.34 Million |
|
Identi Healthcare Ltd
TA:IDNT
|
$6.33 Million |
|
FG Financial Group
NASDAQ:FGF
|
$6.32 Million |
|
Tuniu Corporation
F:0TUA
|
$6.32 Million |
|
Bindi Metals Ltd
AU:BIM
|
$6.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PLAYWITH Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,056,830,600 to 17,920,252,070, a change of -1,136,578,530 (-6.0%).
- Net loss of 2,005,228,160 reduced equity.
- Other factors increased equity by 868,649,630.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.01 Billion | -11.19% |
| Other Changes | ₩868.65 Million | +4.85% |
| Total Change | ₩- | -5.96% |
Book Value vs Market Value Analysis
This analysis compares PLAYWITH 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: 1.22x
- 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 1.38x to 1.22x 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 | ₩1771.70 | ₩2450.00 | x |
| 2017-12-31 | ₩1361.97 | ₩2450.00 | x |
| 2018-12-31 | ₩613.49 | ₩2450.00 | x |
| 2019-12-31 | ₩2122.76 | ₩2450.00 | x |
| 2020-12-31 | ₩3798.38 | ₩2450.00 | x |
| 2021-12-31 | ₩3440.86 | ₩2450.00 | x |
| 2022-12-31 | ₩3213.40 | ₩2450.00 | x |
| 2023-12-31 | ₩2958.18 | ₩2450.00 | x |
| 2024-12-31 | ₩2173.74 | ₩2450.00 | x |
| 2025-12-31 | ₩2003.05 | ₩2450.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PLAYWITH 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): -11.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.79%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.68x
- Recent ROE (-11.19%) is above the historical average (-116.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -23.25% | -23.15% | 0.61x | 1.66x | ₩-7.93 Billion |
| 2011 | -42.56% | -42.44% | 0.22x | 4.47x | ₩-9.58 Billion |
| 2012 | -110.71% | -56.29% | 0.20x | 9.97x | ₩-10.80 Billion |
| 2013 | -1290.84% | -67.96% | 0.17x | 110.25x | ₩-9.46 Billion |
| 2016 | 18.76% | 17.25% | 0.14x | 7.97x | ₩951.68 Million |
| 2017 | -33.75% | -23.63% | 0.14x | 10.53x | ₩-3.65 Billion |
| 2018 | -178.19% | -63.86% | 0.15x | 18.73x | ₩-7.97 Billion |
| 2019 | 50.26% | 16.20% | 0.46x | 6.79x | ₩7.27 Billion |
| 2020 | 40.39% | 31.08% | 0.40x | 3.28x | ₩10.05 Billion |
| 2021 | 6.38% | 13.91% | 0.13x | 3.57x | ₩-1.05 Billion |
| 2022 | -3.24% | -6.06% | 0.43x | 1.25x | ₩-3.59 Billion |
| 2023 | -23.11% | -20.99% | 0.66x | 1.68x | ₩-8.59 Billion |
| 2024 | -36.20% | -21.35% | 0.87x | 1.94x | ₩-8.80 Billion |
| 2025 | -11.19% | -5.79% | 1.15x | 1.68x | ₩-3.80 Billion |
Industry Comparison
This section compares PLAYWITH Inc's net assets metrics with peer companies in the Software & IT Services industry.
Industry Context
- Industry: Software & IT Services
- Average net assets among peers: $74,721,190,393
- Average return on equity (ROE) among peers: -15.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PLAYWITH Inc (023770) | ₩17.92 Billion | -23.25% | 0.68x | $6.34 Million |
| Daishin Information & Communications Co.Ltd (020180) | $21.80 Billion | 5.38% | 0.86x | $27.68 Million |
| Hancom Inc (030520) | $315.69 Billion | 14.81% | 1.20x | $282.10 Million |
| UBcare. Co. Ltd (032620) | $47.23 Billion | 7.64% | 0.20x | $106.24 Million |
| Softcen Co. Ltd (032680) | $36.80 Billion | -1.67% | 0.91x | $19.41 Million |
| InfoBank Corporation (039290) | $52.41 Billion | 1.60% | 0.39x | $19.88 Million |
| Korea Business News Co. Ltd (039340) | $121.90 Billion | 12.32% | 0.20x | $69.10 Million |
| CUROCOM Co. Ltd (040350) | $38.65 Billion | -27.01% | 0.81x | $622.73 Million |
| Polaris Office Corp (041020) | $33.02 Billion | -79.16% | 0.40x | $81.15 Million |
| Total Soft Bank Ltd (045340) | $4.99 Billion | -77.23% | 1.09x | $38.23 Million |
About PLAYWITH Inc
PLAYWITH Inc. develops, manufactures, and supplies game software in South Korea and internationally. The company develops and publishes online, mobile, and PC games. It is also involved in the marketing and licensing, and game development support businesses. PLAYWITH Inc. was founded in 1984 and is headquartered in Seongnam, South Korea.