YES24 Co.Ltd (053280) - Net Assets
Based on the latest financial reports, YES24 Co.Ltd (053280) has net assets worth ₩190.84 Billion KRW (≈ $129.33 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 (₩503.32 Billion ≈ $341.09 Million USD) and total liabilities (₩312.48 Billion ≈ $211.77 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 053280 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩190.84 Billion |
| % of Total Assets | 37.92% |
| Annual Growth Rate | 9.57% |
| 5-Year Change | 9.45% |
| 10-Year Change | 135.55% |
| Growth Volatility | 56.21 |
YES24 Co.Ltd - Net Assets Trend (2011–2024)
This chart illustrates how YES24 Co.Ltd's net assets have evolved over time, based on quarterly financial data. Also explore YES24 Co.Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for YES24 Co.Ltd (2011–2024)
The table below shows the annual net assets of YES24 Co.Ltd from 2011 to 2024. For live valuation and market cap data, see 053280 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩181.11 Billion ≈ $122.73 Million |
-17.66% |
| 2023-12-31 | ₩219.96 Billion ≈ $149.06 Million |
+19.92% |
| 2022-12-31 | ₩183.42 Billion ≈ $124.30 Million |
-44.92% |
| 2021-12-31 | ₩333.03 Billion ≈ $225.69 Million |
+101.27% |
| 2020-12-31 | ₩165.47 Billion ≈ $112.13 Million |
+158.95% |
| 2019-12-31 | ₩63.90 Billion ≈ $43.30 Million |
-4.77% |
| 2018-12-31 | ₩67.10 Billion ≈ $45.47 Million |
-10.63% |
| 2017-12-31 | ₩75.07 Billion ≈ $50.88 Million |
+1.76% |
| 2016-12-31 | ₩73.78 Billion ≈ $50.00 Million |
-4.04% |
| 2015-12-31 | ₩76.89 Billion ≈ $52.11 Million |
-0.12% |
| 2014-12-31 | ₩76.98 Billion ≈ $52.17 Million |
+39.48% |
| 2011-12-31 | ₩55.19 Billion ≈ $37.40 Million |
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Equity Component Analysis
This analysis shows how different components contribute to YES24 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 5276513315000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩52.77 Billion | 29.13% |
| Common Stock | ₩12.50 Billion | 6.90% |
| Other Components | ₩115.84 Billion | 63.96% |
| Total Equity | ₩181.11 Billion | 100.00% |
YES24 Co.Ltd Competitors by Market Cap
The table below lists competitors of YES24 Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EstechPharma Co. Ltd
KQ:041910
|
$59.21 Million |
|
Newfield Resources Ltd
AU:NWF
|
$59.24 Million |
|
SERESCO (ACC.P.DESD.)-16
F:XV7
|
$59.25 Million |
|
iLearningEngines, Inc.
NASDAQ:AILE
|
$59.29 Million |
|
Vishnu Prakash R Punglia Limited
NSE:VPRPL
|
$59.18 Million |
|
Korea Steel Co Ltd
KO:007280
|
$59.17 Million |
|
Telcoware
KO:078000
|
$59.14 Million |
|
Star Media Group Bhd
KLSE:6084
|
$59.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in YES24 Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 219,917,199,860 to 181,106,195,610, a change of -38,811,004,250 (-17.6%).
- Net income of 1,447,989,270 contributed positively to equity growth.
- Dividend payments of 4,997,130,400 reduced retained earnings.
- Other factors decreased equity by 35,261,863,120.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.45 Billion | +0.8% |
| Dividends Paid | ₩5.00 Billion | -2.76% |
| Other Changes | ₩-35.26 Billion | -19.47% |
| Total Change | ₩- | -17.65% |
Book Value vs Market Value Analysis
This analysis compares YES24 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: 0.48x
- 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 1.18x to 0.48x 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 | ₩2951.10 | ₩3495.00 | x |
| 2017-12-31 | ₩3002.96 | ₩3495.00 | x |
| 2018-12-31 | ₩2683.89 | ₩3495.00 | x |
| 2019-12-31 | ₩2555.99 | ₩3495.00 | x |
| 2020-12-31 | ₩6618.66 | ₩3495.00 | x |
| 2021-12-31 | ₩13328.92 | ₩3495.00 | x |
| 2022-12-31 | ₩7341.03 | ₩3495.00 | x |
| 2023-12-31 | ₩8801.74 | ₩3495.00 | x |
| 2024-12-31 | ₩7248.41 | ₩3495.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently YES24 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): 0.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.22%
- • Asset Turnover: 1.54x
- • Equity Multiplier: 2.40x
- Recent ROE (0.80%) is below the historical average (2.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 7.96% | 1.24% | 2.91x | 2.21x | ₩-1.12 Billion |
| 2014 | 18.60% | 3.44% | 1.47x | 3.69x | ₩6.62 Billion |
| 2015 | 2.31% | 0.49% | 2.12x | 2.23x | ₩-5.91 Billion |
| 2016 | 0.88% | 0.15% | 2.25x | 2.54x | ₩-6.73 Billion |
| 2017 | -0.10% | -0.02% | 2.26x | 2.69x | ₩-7.59 Billion |
| 2018 | -7.82% | -1.04% | 2.48x | 3.05x | ₩-11.96 Billion |
| 2019 | 0.01% | 0.00% | 2.22x | 3.75x | ₩-6.38 Billion |
| 2020 | 0.09% | 0.02% | 1.71x | 2.18x | ₩-16.40 Billion |
| 2021 | 5.60% | 2.85% | 1.11x | 1.77x | ₩-14.65 Billion |
| 2022 | 0.77% | 0.21% | 1.71x | 2.11x | ₩-16.92 Billion |
| 2023 | -1.65% | -0.55% | 1.46x | 2.04x | ₩-25.61 Billion |
| 2024 | 0.80% | 0.22% | 1.54x | 2.40x | ₩-16.66 Billion |
Industry Comparison
This section compares YES24 Co.Ltd's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $365,397,084,988
- Average return on equity (ROE) among peers: 6.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| YES24 Co.Ltd (053280) | ₩190.84 Billion | 7.96% | 1.64x | $59.18 Million |
| Interpark Co. Ltd (035080) | $44.14 Billion | 0.00% | 0.50x | $95.08 Million |
| Hyundai Home Shopping Network Corp (057050) | $974.68 Billion | 10.67% | 0.34x | $644.84 Million |
| 09women Co. Ltd. (366030) | $77.37 Billion | 9.92% | 0.08x | $103.63 Million |
About YES24 Co.Ltd
YES24 Co.,Ltd operates online book stores in South Korea. It offers CD/LP, DVD/ BD, stationary/gifts, and tickets for movies and performances. The company also engages in software development. The company is involved in production and distribution of digital content; performance rental; and electronic commerce. The company was founded in 1999 and is headquartered in Seoul, South Korea. YES24 Co.,… Read more