Korea Parts & Fasteners Co.Ltd (024880) - Net Assets
Based on the latest financial reports, Korea Parts & Fasteners Co.Ltd (024880) has net assets worth ₩268.57 Billion KRW (≈ $182.01 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 (₩624.86 Billion ≈ $423.46 Million USD) and total liabilities (₩356.28 Billion ≈ $241.45 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 tangible net worth ratio of Korea Parts & Fasteners Co.Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩268.57 Billion |
| % of Total Assets | 42.98% |
| Annual Growth Rate | 6.6% |
| 5-Year Change | 73.23% |
| 10-Year Change | 102.06% |
| Growth Volatility | 10.61 |
Korea Parts & Fasteners Co.Ltd - Net Assets Trend (2010–2024)
This chart illustrates how Korea Parts & Fasteners Co.Ltd's net assets have evolved over time, based on quarterly financial data. See Korea Parts & Fasteners Co.Ltd (024880) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Korea Parts & Fasteners Co.Ltd (2010–2024)
The table below shows the annual net assets of Korea Parts & Fasteners Co.Ltd from 2010 to 2024. For live valuation and market cap data, see 024880 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩255.99 Billion ≈ $173.48 Million |
+9.39% |
| 2023-12-31 | ₩234.01 Billion ≈ $158.59 Million |
+24.03% |
| 2022-12-31 | ₩188.67 Billion ≈ $127.86 Million |
+22.28% |
| 2021-12-31 | ₩154.30 Billion ≈ $104.57 Million |
+4.42% |
| 2020-12-31 | ₩147.77 Billion ≈ $100.14 Million |
-8.68% |
| 2019-12-31 | ₩161.82 Billion ≈ $109.66 Million |
+9.07% |
| 2018-12-31 | ₩148.36 Billion ≈ $100.54 Million |
+7.11% |
| 2017-12-31 | ₩138.51 Billion ≈ $93.86 Million |
+4.81% |
| 2016-12-31 | ₩132.14 Billion ≈ $89.55 Million |
+4.31% |
| 2015-12-31 | ₩126.69 Billion ≈ $85.85 Million |
+2.09% |
| 2014-12-31 | ₩124.10 Billion ≈ $84.10 Million |
-13.86% |
| 2013-12-31 | ₩144.06 Billion ≈ $97.63 Million |
-1.36% |
| 2012-12-31 | ₩146.04 Billion ≈ $98.97 Million |
+18.07% |
| 2011-12-31 | ₩123.69 Billion ≈ $83.83 Million |
+18.20% |
| 2010-12-31 | ₩104.65 Billion ≈ $70.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Korea Parts & Fasteners 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 103296.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩153.35 Billion | 66.47% |
| Common Stock | ₩10.34 Billion | 4.48% |
| Other Components | ₩67.01 Billion | 29.04% |
| Total Equity | ₩230.70 Billion | 100.00% |
Korea Parts & Fasteners Co.Ltd Competitors by Market Cap
The table below lists competitors of Korea Parts & Fasteners Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chi Sheng Chemical
TWO:4111
|
$56.93 Million |
|
Yonyu Plastics Co Ltd
TW:1323
|
$56.94 Million |
|
Drb Holding
KO:004840
|
$56.94 Million |
|
I&C Technology Co. Ltd
KQ:052860
|
$56.95 Million |
|
Asia Pacific Wire & Cable Corp Ltd
NASDAQ:APWC
|
$56.90 Million |
|
Bilici Yatirim Sanayi ve Ticaret AS
IS:BLCYT
|
$56.89 Million |
|
New Hoong Fatt Holdings Bhd
KLSE:7060
|
$56.87 Million |
|
Snow Lake Resources Ltd
NASDAQ:LITM
|
$56.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea Parts & Fasteners Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 209,942,217,890 to 230,699,713,640, a change of 20,757,495,750 (9.9%).
- Net income of 21,443,314,130 contributed positively to equity growth.
- Dividend payments of 2,902,557,900 reduced retained earnings.
- Share repurchases of 82,544,530 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩21.44 Billion | +9.29% |
| Dividends Paid | ₩2.90 Billion | -1.26% |
| Share Repurchases | ₩82.54 Million | -0.04% |
| Other Changes | ₩2.30 Billion | +1.0% |
| Total Change | ₩- | 9.89% |
Book Value vs Market Value Analysis
This analysis compares Korea Parts & Fasteners 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: 0.36x
- 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 0.47x to 0.36x 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 | ₩9191.47 | ₩4340.00 | x |
| 2017-12-31 | ₩9922.86 | ₩4340.00 | x |
| 2018-12-31 | ₩10125.22 | ₩4340.00 | x |
| 2019-12-31 | ₩9911.86 | ₩4340.00 | x |
| 2020-12-31 | ₩9018.38 | ₩4340.00 | x |
| 2021-12-31 | ₩9416.66 | ₩4340.00 | x |
| 2022-12-31 | ₩10146.85 | ₩4340.00 | x |
| 2023-12-31 | ₩10849.51 | ₩4340.00 | x |
| 2024-12-31 | ₩11922.23 | ₩4340.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea Parts & Fasteners 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): 9.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.74%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 2.87x
- Recent ROE (9.29%) is above the historical average (4.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 14.33% | 8.14% | 0.90x | 1.96x | ₩4.56 Billion |
| 2011 | 7.42% | 3.26% | 1.10x | 2.06x | ₩-3.20 Billion |
| 2012 | 2.24% | 1.06% | 0.93x | 2.26x | ₩-11.33 Billion |
| 2013 | 0.10% | 0.04% | 0.93x | 2.55x | ₩-14.26 Billion |
| 2014 | -18.87% | -7.47% | 0.86x | 2.96x | ₩-35.83 Billion |
| 2015 | 8.71% | 3.35% | 0.87x | 3.00x | ₩-1.64 Billion |
| 2016 | 3.35% | 1.30% | 0.86x | 3.00x | ₩-8.78 Billion |
| 2017 | 9.26% | 3.51% | 0.87x | 3.02x | ₩-1.02 Billion |
| 2018 | 6.30% | 2.49% | 0.92x | 2.75x | ₩-5.49 Billion |
| 2019 | 4.70% | 2.02% | 0.90x | 2.57x | ₩-8.57 Billion |
| 2020 | -3.97% | -1.75% | 0.88x | 2.56x | ₩-20.64 Billion |
| 2021 | -2.79% | -0.82% | 0.84x | 4.03x | ₩-19.73 Billion |
| 2022 | 13.51% | 3.11% | 1.23x | 3.53x | ₩6.62 Billion |
| 2023 | 9.63% | 2.50% | 1.24x | 3.11x | ₩-785.78 Million |
| 2024 | 9.29% | 2.74% | 1.18x | 2.87x | ₩-1.63 Billion |
Industry Comparison
This section compares Korea Parts & Fasteners Co.Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $147,214,513,604
- Average return on equity (ROE) among peers: 7.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea Parts & Fasteners Co.Ltd (024880) | ₩268.57 Billion | 14.33% | 1.33x | $56.91 Million |
| Cs Holdings (000590) | $295.56 Billion | 2.58% | 0.10x | $52.54 Million |
| Cheil Grinding (001560) | $76.84 Billion | 7.00% | 0.28x | $44.48 Million |
| Keyang Elec Ma (012200) | $106.48 Billion | 2.08% | 0.16x | $109.58 Million |
| Keyang Electric Machinery Co Ltd (012205) | $179.13 Billion | 9.48% | 0.36x | $6.77 Million |
| YG-1 Co. Ltd (019210) | $316.80 Billion | 11.15% | 1.34x | $498.28 Million |
| Union Materials Corp (047400) | $99.28 Billion | 6.74% | 0.46x | $31.05 Million |
| Iljin Diamond (081000) | $98.06 Billion | 7.75% | 0.60x | $100.07 Million |
| Seoam Machinery Industry Co.Ltd (100660) | $55.29 Billion | 2.53% | 0.14x | $29.16 Million |
| Chosun Welding (120030) | $97.49 Billion | 15.77% | 0.15x | $57.19 Million |
About Korea Parts & Fasteners Co.Ltd
Korea Parts & Fasteners Co.,Ltd manufactures and sells fasteners and automotive parts in South Korea and internationally. The company offers fasteners, including bolts, nuts, washers, screws, studs, plugs, hexagon plugs with flanges, and hexagon fits for construction, petrochemical plant, heavy equipment, wind power, and OEM industries. It also provides forged products, such as hubs, steering sys… Read more