Ajinextek Co. Ltd (059120) - Net Assets
Based on the latest financial reports, Ajinextek Co. Ltd (059120) has net assets worth ₩39.64 Billion KRW (≈ $26.86 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 (₩43.89 Billion ≈ $29.74 Million USD) and total liabilities (₩4.25 Billion ≈ $2.88 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 tangible equity quality of Ajinextek Co. Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩39.64 Billion |
| % of Total Assets | 90.31% |
| Annual Growth Rate | 4.81% |
| 5-Year Change | -6.75% |
| 10-Year Change | 62.28% |
| Growth Volatility | 13.92 |
Ajinextek Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Ajinextek Co. Ltd's net assets have evolved over time, based on quarterly financial data. See Ajinextek Co. Ltd (059120) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ajinextek Co. Ltd (2014–2024)
The table below shows the annual net assets of Ajinextek Co. Ltd from 2014 to 2024. For live valuation and market cap data, see Ajinextek Co. Ltd (059120) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩40.26 Billion ≈ $27.28 Million |
-6.01% |
| 2023-12-31 | ₩42.83 Billion ≈ $29.03 Million |
-1.84% |
| 2022-12-31 | ₩43.64 Billion ≈ $29.57 Million |
-2.11% |
| 2021-12-31 | ₩44.58 Billion ≈ $30.21 Million |
+3.25% |
| 2020-12-31 | ₩43.17 Billion ≈ $29.26 Million |
-0.41% |
| 2019-12-31 | ₩43.35 Billion ≈ $29.38 Million |
-0.07% |
| 2018-12-31 | ₩43.38 Billion ≈ $29.40 Million |
+10.16% |
| 2017-12-31 | ₩39.38 Billion ≈ $26.69 Million |
+44.69% |
| 2016-12-31 | ₩27.22 Billion ≈ $18.44 Million |
+9.70% |
| 2015-12-31 | ₩24.81 Billion ≈ $16.81 Million |
-1.41% |
| 2014-12-31 | ₩25.16 Billion ≈ $17.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ajinextek 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 66.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩24.16 Billion | 60.01% |
| Common Stock | ₩5.07 Billion | 12.60% |
| Other Components | ₩11.03 Billion | 27.39% |
| Total Equity | ₩40.26 Billion | 100.00% |
Ajinextek Co. Ltd Competitors by Market Cap
The table below lists competitors of Ajinextek Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Westport Fuel Systems Inc
TO:WPRT
|
$32.97 Million |
|
Source Rock Royalties Ltd
V:SRR
|
$32.97 Million |
|
Yong Shun Chemical Co Ltd
TWO:4711
|
$32.99 Million |
|
Tocvan Ventures Corp
F:TV3
|
$32.99 Million |
|
Logindo Samudramakmur Tbk
JK:LEAD
|
$32.96 Million |
|
Q-Gold Resources Ltd
V:QGR
|
$32.95 Million |
|
Panda Eco System Berhad
KLSE:0290
|
$32.95 Million |
|
Smart Logistics Global Limited Ordinary Shares
NASDAQ:SLGB
|
$32.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ajinextek Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 42,833,398,320 to 40,260,811,050, a change of -2,572,587,270 (-6.0%).
- Net loss of 2,841,785,300 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.84 Billion | -7.06% |
| Other Changes | ₩269.20 Million | +0.67% |
| Total Change | ₩- | -6.01% |
Book Value vs Market Value Analysis
This analysis compares Ajinextek 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: 1.63x
- 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 2.16x to 1.63x 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 | ₩3324.54 | ₩7170.00 | x |
| 2017-12-31 | ₩4078.35 | ₩7170.00 | x |
| 2018-12-31 | ₩4262.87 | ₩7170.00 | x |
| 2019-12-31 | ₩4411.17 | ₩7170.00 | x |
| 2020-12-31 | ₩4501.89 | ₩7170.00 | x |
| 2021-12-31 | ₩4780.50 | ₩7170.00 | x |
| 2022-12-31 | ₩4742.98 | ₩7170.00 | x |
| 2023-12-31 | ₩4694.05 | ₩7170.00 | x |
| 2024-12-31 | ₩4397.67 | ₩7170.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ajinextek 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): -7.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.29%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.12x
- Recent ROE (-7.06%) is below the historical average (5.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.56% | 14.46% | 0.69x | 1.17x | ₩392.17 Million |
| 2015 | 5.72% | 7.87% | 0.64x | 1.13x | ₩-1.06 Billion |
| 2016 | 4.22% | 6.54% | 0.43x | 1.51x | ₩-1.57 Billion |
| 2017 | 15.63% | 20.05% | 0.67x | 1.17x | ₩2.22 Billion |
| 2018 | 10.37% | 16.93% | 0.57x | 1.08x | ₩161.53 Million |
| 2019 | 5.71% | 12.00% | 0.43x | 1.11x | ₩-1.86 Billion |
| 2020 | 2.98% | 5.68% | 0.47x | 1.12x | ₩-3.03 Billion |
| 2021 | 9.63% | 10.30% | 0.81x | 1.15x | ₩-166.04 Million |
| 2022 | 3.74% | 4.57% | 0.71x | 1.16x | ₩-2.73 Billion |
| 2023 | 1.15% | 1.99% | 0.52x | 1.11x | ₩-3.79 Billion |
| 2024 | -7.06% | -11.29% | 0.56x | 1.12x | ₩-6.87 Billion |
Industry Comparison
This section compares Ajinextek Co. Ltd's net assets metrics with peer companies in the Electronic Equipment & Parts industry.
Industry Context
- Industry: Electronic Equipment & Parts
- Average net assets among peers: $97,561,203,359
- Average return on equity (ROE) among peers: -21.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ajinextek Co. Ltd (059120) | ₩39.64 Billion | 11.56% | 0.11x | $32.97 Million |
| SANGBO Corp (027580) | $60.53 Billion | -17.35% | 1.89x | $35.97 Million |
| Inzi Display Co.Ltd (037330) | $184.57 Billion | 2.65% | 1.69x | $26.72 Million |
| BioSmart Co.Ltd (038460) | $105.47 Billion | 21.00% | 0.74x | $37.57 Million |
| e-LITECOM CO. Ltd (041520) | $212.37 Billion | 3.90% | 0.23x | $74.17 Million |
| CoAsia Corporation (045970) | $57.71 Billion | -45.28% | 6.11x | $52.30 Million |
| Powerlogics Co. Ltd (047310) | $71.43 Billion | 0.00% | 3.78x | $93.31 Million |
| Phoenix Materials Co. Ltd (050090) | $15.06 Billion | -13.37% | 0.26x | $27.10 Million |
| CammSys Corp (050110) | $54.91 Billion | -33.25% | 3.56x | $46.82 Million |
| STCube Inc (052020) | $16.16 Billion | -133.19% | 0.60x | $202.35 Million |
| Amotech Co. Ltd (052710) | $197.40 Billion | 3.61% | 1.00x | $191.21 Million |
About Ajinextek Co. Ltd
Ajinextek Co., Ltd. develops, manufactures, and sells motor control VLSI chips in South Korea. It offers motion chips; module boards, which includes base, motion, counter, digital, and analog modules; motion and digital single boards; and network controller products. The company also offer stand-alone motion controllers; general-purpose robot controllers; and accessories, such as cables and termi… Read more