Polaris Office Corp (041020) - Net Assets

Latest as of September 2025: ₩496.81 Billion KRW ≈ $336.68 Million USD

Based on the latest financial reports, Polaris Office Corp (041020) has net assets worth ₩496.81 Billion KRW (≈ $336.68 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 (₩629.46 Billion ≈ $426.58 Million USD) and total liabilities (₩132.65 Billion ≈ $89.89 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 Polaris Office Corp liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩496.81 Billion
% of Total Assets	78.93%
Annual Growth Rate	1.72%
5-Year Change	169.13%
10-Year Change	45.12%
Growth Volatility	26.32

Polaris Office Corp - Net Assets Trend (2011–2024)

This chart illustrates how Polaris Office Corp's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Polaris Office Corp for the complete picture of this company's asset base.

Annual Net Assets for Polaris Office Corp (2011–2024)

The table below shows the annual net assets of Polaris Office Corp from 2011 to 2024. For live valuation and market cap data, see Polaris Office Corp (041020) total market value.

Year	Net Assets	Change
2024-12-31	₩89.02 Billion ≈ $60.33 Million	+37.31%
2023-12-31	₩64.83 Billion ≈ $43.93 Million	+2.13%
2022-12-31	₩63.48 Billion ≈ $43.02 Million	+54.18%
2021-12-31	₩41.17 Billion ≈ $27.90 Million	+24.47%
2020-12-31	₩33.08 Billion ≈ $22.42 Million	+18.45%
2019-12-31	₩27.92 Billion ≈ $18.92 Million	-25.30%
2018-12-31	₩37.38 Billion ≈ $25.33 Million	+1.84%
2017-12-31	₩36.71 Billion ≈ $24.88 Million	+11.18%
2016-12-31	₩33.02 Billion ≈ $22.38 Million	-46.17%
2015-12-31	₩61.34 Billion ≈ $41.57 Million	-27.32%
2014-12-31	₩84.40 Billion ≈ $57.20 Million	-6.08%
2013-12-31	₩89.86 Billion ≈ $60.89 Million	+20.02%
2012-12-31	₩74.87 Billion ≈ $50.74 Million	+4.92%
2011-12-31	₩71.36 Billion ≈ $48.36 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Polaris Office Corp'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 2935485320000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩29.35 Billion	32.98%
Common Stock	₩24.86 Billion	27.93%
Other Components	₩34.80 Billion	39.09%
Total Equity	₩89.02 Billion	100.00%

Polaris Office Corp Competitors by Market Cap

The table below lists competitors of Polaris Office Corp ranked by their market capitalization.

Company	Market Cap
Smith Douglas Homes Corp. NYSE:SDHC	$125.80 Million
GCI Liberty, Inc. - Series A GCI Group NASDAQ:GLIBA	$125.81 Million
CastleNet Technology TWO:8059	$125.83 Million
Heritage Distilling Holding Company, Inc. Common Stock NASDAQ:CASK	$125.83 Million
AgriBank Securities JSC VN:AGR	$125.78 Million
FACT II Acquisition Corp. Class A Ordinary Shares NASDAQ:FACT	$125.78 Million
HusCompagniet AS CO:HUSCO	$125.76 Million
SRM CONTRACTORS ORD (BSE) NSE:SRM	$125.74 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Polaris Office Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 64,830,377,920 to 89,019,285,730, a change of 24,188,907,810 (37.3%).
Net income of 7,065,811,570 contributed positively to equity growth.
Dividend payments of 1,168,000,600 reduced retained earnings.
Share repurchases of 705,305,850 reduced equity.
New share issuances of 735,305,850 increased equity.
Other factors increased equity by 18,261,096,840.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩7.07 Billion	+7.94%
Dividends Paid	₩1.17 Billion	-1.31%
Share Repurchases	₩705.31 Million	-0.79%
Share Issuances	₩735.31 Million	+0.83%
Other Changes	₩18.26 Billion	+20.51%
Total Change	₩-	37.31%

Book Value vs Market Value Analysis

This analysis compares Polaris Office Corp'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: 2.77x
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 3.29x to 2.77x 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	₩1506.24	₩4960.00	x
2017-12-31	₩1162.55	₩4960.00	x
2018-12-31	₩998.99	₩4960.00	x
2019-12-31	₩746.21	₩4960.00	x
2020-12-31	₩883.89	₩4960.00	x
2021-12-31	₩1013.35	₩4960.00	x
2022-12-31	₩1337.87	₩4960.00	x
2023-12-31	₩1304.86	₩4960.00	x
2024-12-31	₩1791.72	₩4960.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Polaris Office Corp 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): 7.94%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.56%
• Asset Turnover: 0.53x
• Equity Multiplier: 5.84x
Recent ROE (7.94%) is above the historical average (-9.74%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	3.45%	7.15%	0.34x	1.42x	₩-4.66 Billion
2012	3.60%	5.62%	0.53x	1.20x	₩-4.79 Billion
2013	10.55%	17.18%	0.46x	1.34x	₩503.09 Million
2014	-7.26%	-14.99%	0.42x	1.14x	₩-14.54 Billion
2015	-37.70%	-103.13%	0.33x	1.12x	₩-29.26 Billion
2016	-79.16%	-198.09%	0.29x	1.40x	₩-29.44 Billion
2017	-39.68%	-95.67%	0.34x	1.21x	₩-18.24 Billion
2018	-26.28%	-43.58%	0.53x	1.15x	₩-13.56 Billion
2019	-24.51%	-32.51%	0.60x	1.26x	₩-9.64 Billion
2020	-0.32%	-0.55%	0.39x	1.52x	₩-3.42 Billion
2021	-0.52%	-0.93%	0.43x	1.30x	₩-4.33 Billion
2022	20.65%	54.19%	0.32x	1.19x	₩6.76 Billion
2023	32.88%	19.75%	0.34x	4.90x	₩14.83 Billion
2024	7.94%	2.56%	0.53x	5.84x	₩-1.84 Billion

Industry Comparison

This section compares Polaris Office Corp's net assets metrics with peer companies in the Software & IT Services industry.

Industry Context

Industry: Software & IT Services
Average net assets among peers: $87,802,655,343
Average return on equity (ROE) among peers: -2.74%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Polaris Office Corp (041020)	₩496.81 Billion	3.45%	0.27x	$125.79 Million
Daishin Information & Communications Co.Ltd (020180)	$28.59 Billion	-0.17%	1.98x	$32.06 Million
PLAYWITH Inc (023770)	$18.06 Billion	50.26%	5.79x	$7.73 Million
Hancom Inc (030520)	$315.69 Billion	14.81%	1.20x	$300.10 Million
UBcare. Co. Ltd (032620)	$99.22 Billion	-1.60%	0.61x	$140.04 Million
Softcen Co. Ltd (032680)	$50.38 Billion	0.00%	0.19x	$5.97 Million
InfoBank Corporation (039290)	$52.41 Billion	1.60%	0.39x	$26.52 Million
Korea Business News Co. Ltd (039340)	$168.04 Billion	8.22%	0.16x	$72.70 Million
CUROCOM Co. Ltd (040350)	$52.85 Billion	-20.57%	0.57x	$54.20 Million
Total Soft Bank Ltd (045340)	$4.99 Billion	-77.23%	1.09x	$38.66 Million

About Polaris Office Corp

KQ:041020 Korea Software & IT Services

Market Cap

$125.79 Million

₩185.61 Billion KRW

Market Cap Rank

#18301 Global

#914 in Korea

Share Price

₩4960.00

Change (1 day)

-4.06%

52-Week Range

₩3320.00 - ₩6540.00

All Time High

₩10120.00