Winix Inc (044340) - Net Assets
Based on the latest financial reports, Winix Inc (044340) has net assets worth ₩183.90 Billion KRW (≈ $124.62 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 (₩419.27 Billion ≈ $284.13 Million USD) and total liabilities (₩235.37 Billion ≈ $159.51 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 044340 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩183.90 Billion |
| % of Total Assets | 43.86% |
| Annual Growth Rate | 6.91% |
| 5-Year Change | -9.87% |
| 10-Year Change | 60.58% |
| Growth Volatility | 17.3 |
Winix Inc - Net Assets Trend (2003–2024)
This chart illustrates how Winix Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Winix Inc for the complete picture of this company's asset base.
Annual Net Assets for Winix Inc (2003–2024)
The table below shows the annual net assets of Winix Inc from 2003 to 2024. For live valuation and market cap data, see 044340 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩169.21 Billion ≈ $114.67 Million |
-19.25% |
| 2023-12-31 | ₩209.56 Billion ≈ $142.02 Million |
+3.69% |
| 2022-12-31 | ₩202.09 Billion ≈ $136.96 Million |
+1.66% |
| 2021-12-31 | ₩198.79 Billion ≈ $134.72 Million |
+5.88% |
| 2020-12-31 | ₩187.75 Billion ≈ $127.24 Million |
+22.99% |
| 2019-12-31 | ₩152.66 Billion ≈ $103.45 Million |
+28.60% |
| 2018-12-31 | ₩118.71 Billion ≈ $80.45 Million |
+21.73% |
| 2017-12-31 | ₩97.52 Billion ≈ $66.09 Million |
+6.44% |
| 2016-12-31 | ₩91.62 Billion ≈ $62.09 Million |
-13.05% |
| 2015-12-31 | ₩105.38 Billion ≈ $71.41 Million |
-15.99% |
| 2014-12-31 | ₩125.43 Billion ≈ $85.00 Million |
+61.74% |
| 2013-12-31 | ₩77.55 Billion ≈ $52.55 Million |
+23.42% |
| 2012-12-31 | ₩62.83 Billion ≈ $42.58 Million |
+4.32% |
| 2011-12-31 | ₩60.23 Billion ≈ $40.82 Million |
+1.30% |
| 2010-12-31 | ₩59.46 Billion ≈ $40.30 Million |
+12.44% |
| 2009-12-31 | ₩52.88 Billion ≈ $35.84 Million |
+16.62% |
| 2008-12-31 | ₩45.34 Billion ≈ $30.73 Million |
+1.95% |
| 2007-12-31 | ₩44.47 Billion ≈ $30.14 Million |
+8.67% |
| 2006-12-31 | ₩40.93 Billion ≈ $27.74 Million |
-3.62% |
| 2005-12-31 | ₩42.46 Billion ≈ $28.78 Million |
-5.14% |
| 2004-12-31 | ₩44.76 Billion ≈ $30.33 Million |
+7.65% |
| 2003-12-31 | ₩41.58 Billion ≈ $28.18 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Winix 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 grown by 227.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩94.14 Billion | 55.63% |
| Common Stock | ₩8.94 Billion | 5.28% |
| Other Components | ₩66.14 Billion | 39.09% |
| Total Equity | ₩169.21 Billion | 100.00% |
Winix Inc Competitors by Market Cap
The table below lists competitors of Winix Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Moorim Paper
KO:009200
|
$57.66 Million |
|
LapWall Oyj
HE:LAPWALL
|
$57.67 Million |
|
Focus Lighting and Fixtures Limited
NSE:FOCUS
|
$57.67 Million |
|
Gihon Telekomunikasi Indonesia Tbk PT
JK:GHON
|
$57.69 Million |
|
Ahoku Electronic Co
TW:3002
|
$57.62 Million |
|
Tropical Canning (Thailand) Public Company Limited
BK:TC
|
$57.60 Million |
|
Infas Holding AG
F:IFS
|
$57.60 Million |
|
Hoa Tho Textile - Garment Joint Stock Corp
VN:HTG
|
$57.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Winix Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 209,561,722,200 to 169,214,851,550, a change of -40,346,870,650 (-19.3%).
- Net loss of 44,414,701,530 reduced equity.
- Dividend payments of 4,742,371,200 reduced retained earnings.
- Other factors increased equity by 8,810,202,080.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-44.41 Billion | -26.25% |
| Dividends Paid | ₩4.74 Billion | -2.8% |
| Other Changes | ₩8.81 Billion | +5.21% |
| Total Change | ₩- | -19.25% |
Book Value vs Market Value Analysis
This analysis compares Winix 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: 0.50x
- 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 0.90x to 0.50x 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 | ₩5988.89 | ₩5380.00 | x |
| 2017-12-31 | ₩6487.71 | ₩5380.00 | x |
| 2018-12-31 | ₩7263.57 | ₩5380.00 | x |
| 2019-12-31 | ₩9340.93 | ₩5380.00 | x |
| 2020-12-31 | ₩11634.27 | ₩5380.00 | x |
| 2021-12-31 | ₩12575.58 | ₩5380.00 | x |
| 2022-12-31 | ₩12784.40 | ₩5380.00 | x |
| 2023-12-31 | ₩13256.77 | ₩5380.00 | x |
| 2024-12-31 | ₩10704.45 | ₩5380.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Winix 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): -26.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.65%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 2.13x
- Recent ROE (-26.25%) is below the historical average (6.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 14.65% | 7.12% | 1.31x | 1.57x | ₩1.93 Billion |
| 2004 | 7.08% | 3.95% | 1.25x | 1.43x | ₩-1.31 Billion |
| 2007 | 10.87% | 4.00% | 1.56x | 1.74x | ₩388.12 Million |
| 2008 | 4.36% | 1.49% | 1.58x | 1.85x | ₩-2.56 Billion |
| 2009 | 11.33% | 4.38% | 1.41x | 1.84x | ₩703.20 Million |
| 2010 | 12.80% | 3.98% | 1.82x | 1.77x | ₩1.67 Billion |
| 2012 | 7.97% | 2.61% | 1.85x | 1.66x | ₩-1.28 Billion |
| 2013 | 19.46% | 5.85% | 1.71x | 1.94x | ₩7.34 Billion |
| 2014 | 4.65% | 2.22% | 0.94x | 2.23x | ₩-6.71 Billion |
| 2015 | -16.23% | -8.66% | 0.83x | 2.25x | ₩-27.64 Billion |
| 2016 | -15.15% | -6.51% | 1.04x | 2.24x | ₩-23.05 Billion |
| 2017 | 11.61% | 4.34% | 1.30x | 2.06x | ₩1.57 Billion |
| 2018 | 15.90% | 5.71% | 1.50x | 1.86x | ₩7.01 Billion |
| 2019 | 26.53% | 10.49% | 1.40x | 1.81x | ₩25.23 Billion |
| 2020 | 22.59% | 11.09% | 1.11x | 1.84x | ₩23.64 Billion |
| 2021 | 10.05% | 4.99% | 0.99x | 2.04x | ₩102.73 Million |
| 2022 | 1.08% | 0.66% | 0.80x | 2.03x | ₩-18.03 Billion |
| 2023 | 4.77% | 2.66% | 1.03x | 1.74x | ₩-10.96 Billion |
| 2024 | -26.25% | -12.65% | 0.98x | 2.13x | ₩-61.34 Billion |
Industry Comparison
This section compares Winix Inc's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $68,759,645,567,621
- Average return on equity (ROE) among peers: 8.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winix Inc (044340) | ₩183.90 Billion | 14.65% | 1.28x | $57.63 Million |
| LG Corp (003550) | $14.68 Trillion | 4.37% | 2.16x | $10.15 Billion |
| LG Corp Preferred (003555) | $20.86 Trillion | 7.03% | 0.16x | $145.50 Million |
| Nam Sung (004270) | $82.77 Billion | -4.24% | 1.48x | $15.98 Million |
| Samsung Electronics Co Ltd (005930) | $354.75 Trillion | 15.43% | 0.26x | $878.16 Billion |
| Samsung Electronics Co Pref (005935) | $214.49 Trillion | 19.28% | 0.41x | $86.82 Billion |
| Anam Electroni (008700) | $133.82 Billion | 4.40% | 0.55x | $78.03 Million |
| LG Display (034220) | $13.46 Trillion | 6.74% | 0.85x | $4.15 Billion |
| Paseco Co. Ltd (037070) | $86.57 Billion | 16.37% | 0.33x | $132.37 Million |
| Intops Co. Ltd (049070) | $290.58 Billion | 9.61% | 0.49x | $199.80 Million |
About Winix Inc
Winix Inc. manufactures and sells home appliances in South Korea and internationally. The company's products include air purifiers, dehumidifiers, humidifiers, dryer, washing machines, window air conditioners, circulators, water purifiers, and heaters, as well as heat exchangers, refrigerators, and others. In addition, the company engages in the real estate rental business. Winix Inc. was founded… Read more