Codes Combine Co. Ltd Net Assets
Codes Combine Co. Ltd net assets. Based on the latest financial reports, Codes Combine Co. Ltd (047770) has net assets worth ₩71.29 Billion KRW (≈ $48.31 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 (₩94.65 Billion ≈ $64.14 Million USD) and total liabilities (₩23.36 Billion ≈ $15.83 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. Also explore how fast is Codes Combine Co. Ltd growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩71.29 Billion |
| % of Total Assets | 75.32% |
| Annual Growth Rate | 1.0% |
| 5-Year Change | 43.76% |
| 10-Year Change | 175.62% |
| Growth Volatility | 93.01 |
Net Assets of Codes Combine Co. Ltd (2009–2024)
Net assets of Codes Combine Co. Ltd from 2009 to 2024. This chart illustrates how Codes Combine Co. Ltd's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Codes Combine Co. Ltd to measure how much of total assets are equity-financed.
Annual Net Assets for Codes Combine Co. Ltd (2009–2024)
The table below shows the annual net assets of Codes Combine Co. Ltd from 2009 to 2024. For live market cap and overall valuation, see Codes Combine Co. Ltd (047770) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩65.60 Billion ≈ $44.46 Million |
-0.56% |
| 2023-12-31 | ₩65.97 Billion ≈ $44.71 Million |
+10.29% |
| 2022-12-31 | ₩59.82 Billion ≈ $40.54 Million |
+14.55% |
| 2021-12-31 | ₩52.22 Billion ≈ $35.39 Million |
+14.43% |
| 2020-12-31 | ₩45.64 Billion ≈ $30.93 Million |
+9.73% |
| 2019-12-31 | ₩41.59 Billion ≈ $28.18 Million |
+19.70% |
| 2018-12-31 | ₩34.74 Billion ≈ $23.55 Million |
+23.83% |
| 2017-12-31 | ₩28.06 Billion ≈ $19.02 Million |
+9.78% |
| 2016-12-31 | ₩25.56 Billion ≈ $17.32 Million |
+7.38% |
| 2015-12-31 | ₩23.80 Billion ≈ $16.13 Million |
+355.20% |
| 2014-12-31 | ₩5.23 Billion ≈ $3.54 Million |
-82.07% |
| 2013-12-31 | ₩29.16 Billion ≈ $19.76 Million |
-40.23% |
| 2012-12-31 | ₩48.78 Billion ≈ $33.06 Million |
-23.12% |
| 2011-12-31 | ₩63.45 Billion ≈ $43.00 Million |
-4.32% |
| 2010-12-31 | ₩66.32 Billion ≈ $44.95 Million |
+17.43% |
| 2009-12-31 | ₩56.48 Billion ≈ $38.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Codes Combine 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 1875009435000.0% over the analyzed period, indicating profitable operations and earnings retention.
Codes Combine Co. Ltd Net Assets Breakdown (December 2024)
Codes Combine Co. Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩18.75 Billion | 28.58% |
| Common Stock | ₩18.92 Billion | 28.84% |
| Other Components | ₩27.93 Billion | 42.58% |
| Total Equity | ₩65.60 Billion | 100.00% |
Codes Combine Co. Ltd Competitors by Market Cap
The table below lists competitors of Codes Combine Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NICE Total Cash Management Co. Ltd
KQ:063570
|
$70.32 Million |
|
City Auto Corp
VN:CTF
|
$70.32 Million |
|
Tan Chong Motor Holdings Bhd
KLSE:4405
|
$70.35 Million |
|
DEVEX Resources Ltd
AU:DEV
|
$70.36 Million |
|
Tigo Energy Inc.
NASDAQ:TYGO
|
$70.26 Million |
|
LIG-ES SPAC
KQ:220260
|
$70.19 Million |
|
China Harmony Auto Holding Limited
F:HA5
|
$70.18 Million |
|
ZUE SA
WAR:ZUE
|
$70.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Codes Combine Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 63,527,804,940 to 65,604,530,940, a change of 2,076,726,000 (3.3%).
- Net income of 2,076,726,010 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.08 Billion | +3.17% |
| Other Changes | ₩-10.00 | -0.0% |
| Total Change | ₩- | 3.27% |
Book Value vs Market Value Analysis
This analysis compares Codes Combine 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: 1.58x
- 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 4.06x to 1.58x 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 | ₩675.39 | ₩2740.00 | x |
| 2017-12-31 | ₩741.46 | ₩2740.00 | x |
| 2018-12-31 | ₩920.22 | ₩2740.00 | x |
| 2019-12-31 | ₩1101.75 | ₩2740.00 | x |
| 2020-12-31 | ₩1208.90 | ₩2740.00 | x |
| 2021-12-31 | ₩1383.35 | ₩2740.00 | x |
| 2022-12-31 | ₩1584.58 | ₩2740.00 | x |
| 2023-12-31 | ₩1682.89 | ₩2740.00 | x |
| 2024-12-31 | ₩1737.90 | ₩2740.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Codes Combine 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): 3.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.24%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.35x
- Recent ROE (3.17%) is above the historical average (-21.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 14.36% | 3.67% | 0.71x | 5.50x | ₩1.82 Billion |
| 2010 | 17.07% | 4.51% | 0.74x | 5.13x | ₩3.63 Billion |
| 2011 | 4.65% | 1.29% | 1.15x | 3.12x | ₩-3.31 Billion |
| 2014 | -374.06% | -23.08% | 1.45x | 11.15x | ₩-24.46 Billion |
| 2015 | -49.55% | -66.84% | 0.61x | 1.22x | ₩-14.17 Billion |
| 2016 | 5.80% | 9.08% | 0.56x | 1.14x | ₩-1.07 Billion |
| 2017 | 7.60% | 10.05% | 0.67x | 1.13x | ₩-672.09 Million |
| 2018 | 10.00% | 11.84% | 0.46x | 1.85x | ₩-958.88K |
| 2019 | 16.41% | 19.05% | 0.50x | 1.72x | ₩2.67 Billion |
| 2020 | 12.34% | 17.33% | 0.43x | 1.66x | ₩1.07 Billion |
| 2021 | 12.68% | 17.31% | 0.48x | 1.54x | ₩1.40 Billion |
| 2022 | 12.70% | 19.45% | 0.46x | 1.41x | ₩1.61 Billion |
| 2023 | 5.84% | 8.85% | 0.49x | 1.35x | ₩-2.64 Billion |
| 2024 | 3.17% | 5.24% | 0.45x | 1.35x | ₩-4.48 Billion |
Industry Comparison
This section compares Codes Combine Co. Ltd's net assets metrics with peer companies in the Textiles & Apparel industry.
Industry Context
- Industry: Textiles & Apparel
- Average net assets among peers: $37,596,458,131
- Average return on equity (ROE) among peers: -20.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Codes Combine Co. Ltd (047770) | ₩71.29 Billion | 14.36% | 0.33x | $70.27 Million |
| Wonpung Mulsan Co.Ltd (008290) | $33.55 Billion | -24.23% | 0.56x | $520.33K |
| HYUNGJI INNOVATION & CREATIVE Co.Ltd (011080) | $12.02 Billion | -33.05% | 3.77x | $21.36 Million |
| AztechWB Co. Ltd (032080) | $106.25 Billion | -1.92% | 0.11x | $23.46 Million |
| GAMSUNG Corporation Co. Ltd (036620) | $16.32 Billion | -36.34% | 1.40x | $93.73 Million |
| Gold Pacific Co. Ltd (038530) | $16.57 Billion | -45.93% | 1.53x | $62.54 Million |
| GNCO Co. Ltd (065060) | $44.80 Billion | 0.00% | 1.65x | $197.96 Million |
| STO Co. Ltd (098660) | $33.66 Billion | -0.40% | 1.09x | $7.66 Million |
About Codes Combine Co. Ltd
Codes Combine Co., Ltd. manufactures and sells fashion clothing products. It also operates stores. The company was formerly known as Yeshin PJ Co., Ltd. Codes Combine Co., Ltd. was founded in 1995 and is headquartered in Seoul, South Korea.