Sangsangin Co. Ltd (038540) - Net Assets

Latest as of September 2025: ₩529.69 Billion KRW ≈ $358.97 Million USD

Based on the latest financial reports, Sangsangin Co. Ltd (038540) has net assets worth ₩529.69 Billion KRW (≈ $358.97 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 (₩5.48 Trillion ≈ $3.71 Billion USD) and total liabilities (₩4.95 Trillion ≈ $3.35 Billion 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 Sangsangin Co. Ltd to evaluate the tangible quality of the company's equity base.

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. See Sangsangin Co. Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see market value of Sangsangin Co. Ltd.

Year Net Assets Change
2024-12-31 ₩492.09 Billion
≈ $333.49 Million		 -38.32%
2023-12-31 ₩797.88 Billion
≈ $540.71 Million		 +6.70%
2022-12-31 ₩747.81 Billion
≈ $506.78 Million		 +7.08%
2021-12-31 ₩698.39 Billion
≈ $473.29 Million		 +19.29%
2020-12-31 ₩585.45 Billion
≈ $396.75 Million		 +11.37%
2019-12-31 ₩525.66 Billion
≈ $356.23 Million		 +23.36%
2018-12-31 ₩426.11 Billion
≈ $288.77 Million		 +44.81%
2017-12-31 ₩294.25 Billion
≈ $199.41 Million		 +51.28%
2016-12-31 ₩194.51 Billion
≈ $131.82 Million		 +48.34%
2015-12-31 ₩131.13 Billion
≈ $88.86 Million		 +34.10%
2014-12-31 ₩97.79 Billion
≈ $66.27 Million		 +25.72%
2013-12-31 ₩77.78 Billion
≈ $52.71 Million		 +18.35%
2012-12-31 ₩65.72 Billion
≈ $44.54 Million		 +39.42%
2011-12-31 ₩47.14 Billion
≈ $31.95 Million		 +507.98%
2004-12-31 ₩7.75 Billion
≈ $5.25 Million		 --

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
Shanghai Jin Jiang International Industrial Investment Co Ltd B
SHG:900914
 $67.32 Million
Making Science Group S.A.
MC:MAKS
 $67.33 Million
Lifevantage Corporation
NASDAQ:LFVN
 $67.37 Million
Osmanli Menkul Degerler AS
IS:OSMEN
 $67.37 Million
NuriFlex Co.Ltd
KQ:040160
 $67.30 Million
Boustead Heavy Industries
KLSE:8133
 $67.29 Million
Vietnam Ocean Shipping JSC
VN:VOS
 $67.29 Million
Tasco Bhd
KLSE:5140
 $67.29 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: 0.24x
  • 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 0.61x to 0.24x 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 ₩2140.00 x
2017-12-31 ₩5238.64 ₩2140.00 x
2018-12-31 ₩7615.21 ₩2140.00 x
2019-12-31 ₩9605.66 ₩2140.00 x
2020-12-31 ₩10698.18 ₩2140.00 x
2021-12-31 ₩12761.92 ₩2140.00 x
2022-12-31 ₩13664.97 ₩2140.00 x
2023-12-31 ₩12597.42 ₩2140.00 x
2024-12-31 ₩8992.26 ₩2140.00 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: $70,639,230,768
  • Average return on equity (ROE) among peers: 45.79%

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 $67.31 Million
Pureun Mutual Savings Bank Co. Ltd (007330) $123.18 Billion 5.22% 15.13x $94.40 Million
Mason Capital Corporation (021880) $34.30 Billion -18.64% 1.97x $9.14 Million
Han Kook Capital Co. Ltd (023760) $54.44 Billion 150.79% 6.81x $79.88 Million

About Sangsangin Co. Ltd

KQ:038540 Korea Banking Services
Market Cap
$67.31 Million
₩99.32 Billion KRW
Market Cap Rank
#20822 Global
#1156 in Korea
Share Price
₩2140.00
Change (1 day)
+3.63%
52-Week Range
₩1639.00 - ₩2345.00
All Time High
₩23814.57
Categories
Companies in Korea Banking Services
About

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