Sangsangin Co. Ltd
Sangsangin Co., Ltd. operates in the field of information technology (IT), financial services, and heavy industry in South Korea. The company provides various IT services, such as security systems, integrated communication, SDN, and cloud services, as well as wired or wireless network services; design, installation, and maintenance of IT networks; consulting services; and electronic components. I… Read more
Sangsangin Co. Ltd (038540) - Net Assets
Latest net assets as of September 2025: ₩529.69 Billion KRW
Based on the latest financial reports, Sangsangin Co. Ltd (038540) has net assets worth ₩529.69 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 (₩5.48 Trillion) and total liabilities (₩4.95 Trillion). 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 | ₩529.69 Billion |
| % of Total Assets | 9.67% |
| Annual Growth Rate | 23.06% |
| 5-Year Change | -15.95% |
| 10-Year Change | 275.28% |
| Growth Volatility | 126.97 |
Sangsangin Co. Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Sangsangin 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 Sangsangin Co. Ltd (2004–2024)
The table below shows the annual net assets of Sangsangin Co. Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩492.09 Billion | -38.32% |
| 2023-12-31 | ₩797.88 Billion | +6.70% |
| 2022-12-31 | ₩747.81 Billion | +7.08% |
| 2021-12-31 | ₩698.39 Billion | +19.29% |
| 2020-12-31 | ₩585.45 Billion | +11.37% |
| 2019-12-31 | ₩525.66 Billion | +23.36% |
| 2018-12-31 | ₩426.11 Billion | +44.81% |
| 2017-12-31 | ₩294.25 Billion | +51.28% |
| 2016-12-31 | ₩194.51 Billion | +48.34% |
| 2015-12-31 | ₩131.13 Billion | +34.10% |
| 2014-12-31 | ₩97.79 Billion | +25.72% |
| 2013-12-31 | ₩77.78 Billion | +18.35% |
| 2012-12-31 | ₩65.72 Billion | +39.42% |
| 2011-12-31 | ₩47.14 Billion | +507.98% |
| 2004-12-31 | ₩7.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sangsangin 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 41772496205000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩417.72 Billion | 84.89% |
| Common Stock | ₩57.19 Billion | 11.62% |
| Other Components | ₩17.18 Billion | 3.49% |
| Total Equity | ₩492.09 Billion | 100.00% |
Sangsangin Co. Ltd Competitors by Market Cap
The table below lists competitors of Sangsangin Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Andover Bancorp Inc
PINK:ANDC
|
$39.09 Million |
|
KidariStudio Inc
KO:020120
|
$39.09 Million |
|
Blinklab Ltd
AU:BB1
|
$39.10 Million |
|
Han Kook Capital Co. Ltd
KQ:023760
|
$39.13 Million |
|
CFSB Bancorp Inc
NASDAQ:CFSB
|
$39.07 Million |
|
FineMat Applied Materials Co Ltd
TW:6698
|
$39.06 Million |
|
Sandon Capital Investments Ltd
AU:SNC
|
$39.05 Million |
|
Kaulin Mfg
TW:1531
|
$39.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sangsangin Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 689,384,698,540 to 492,094,777,290, a change of -197,289,921,250 (-28.6%).
- Net loss of 193,623,040,010 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-193.62 Billion | -39.35% |
| Other Changes | ₩-3.67 Billion | -0.75% |
| Total Change | ₩- | -28.62% |
Book Value vs Market Value Analysis
This analysis compares Sangsangin 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: 0.26x
- 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 0.66x to 0.26x 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 | ₩3497.15 | ₩2310.00 | x |
| 2017-12-31 | ₩5238.64 | ₩2310.00 | x |
| 2018-12-31 | ₩7615.21 | ₩2310.00 | x |
| 2019-12-31 | ₩9605.66 | ₩2310.00 | x |
| 2020-12-31 | ₩10698.18 | ₩2310.00 | x |
| 2021-12-31 | ₩12761.92 | ₩2310.00 | x |
| 2022-12-31 | ₩13664.97 | ₩2310.00 | x |
| 2023-12-31 | ₩12597.42 | ₩2310.00 | x |
| 2024-12-31 | ₩8992.26 | ₩2310.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sangsangin 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): -39.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -22.25%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 10.37x
- Recent ROE (-39.35%) is below the historical average (12.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.07% | 0.02% | 0.82x | 4.09x | ₩-769.62 Million |
| 2011 | 16.08% | 13.33% | 0.88x | 1.37x | ₩2.87 Billion |
| 2012 | 4.19% | 3.28% | 0.21x | 6.12x | ₩-3.83 Billion |
| 2013 | 13.42% | 10.66% | 0.23x | 5.42x | ₩2.66 Billion |
| 2014 | 21.19% | 10.21% | 0.43x | 4.78x | ₩10.95 Billion |
| 2015 | 24.19% | 18.50% | 0.22x | 5.82x | ₩18.60 Billion |
| 2016 | 34.93% | 23.93% | 0.20x | 7.38x | ₩48.48 Billion |
| 2017 | 34.05% | 25.19% | 0.19x | 6.95x | ₩70.76 Billion |
| 2018 | 32.06% | 28.20% | 0.17x | 6.67x | ₩94.00 Billion |
| 2019 | 24.00% | 23.30% | 0.15x | 6.90x | ₩73.58 Billion |
| 2020 | 10.60% | 13.66% | 0.13x | 6.16x | ₩3.50 Billion |
| 2021 | 14.48% | 17.77% | 0.10x | 8.23x | ₩31.30 Billion |
| 2022 | 6.33% | 6.19% | 0.12x | 8.43x | ₩-27.42 Billion |
| 2023 | -9.32% | -6.86% | 0.14x | 9.74x | ₩-133.20 Billion |
| 2024 | -39.35% | -22.25% | 0.17x | 10.37x | ₩-242.83 Billion |
Industry Comparison
This section compares Sangsangin Co. Ltd's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $218,374,374,953
- Average return on equity (ROE) among peers: 4.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sangsangin Co. Ltd (038540) | ₩529.69 Billion | 0.07% | 9.34x | $39.08 Million |
| Pureun Mutual Savings Bank Co. Ltd (007330) | $314.58 Billion | 2.50% | 3.22x | $23.59 Million |
| Mason Capital Corporation (021880) | $33.82 Billion | 0.00% | 0.33x | $10.20 Million |
| Han Kook Capital Co. Ltd (023760) | $306.72 Billion | 10.45% | 7.73x | $39.13 Million |