exax Inc (060230) - Net Assets

Latest as of September 2025: ₩56.14 Billion KRW ≈ $38.05 Million USD

Based on the latest financial reports, exax Inc (060230) has net assets worth ₩56.14 Billion KRW (≈ $38.05 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 (₩144.96 Billion ≈ $98.24 Million USD) and total liabilities (₩88.82 Billion ≈ $60.19 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 how resilient are exax Inc's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩56.14 Billion
% of Total Assets	38.73%
Annual Growth Rate	24.02%
5-Year Change	-7.21%
10-Year Change	198.02%
Growth Volatility	62.41

exax Inc - Net Assets Trend (2011–2024)

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

Annual Net Assets for exax Inc (2011–2024)

The table below shows the annual net assets of exax Inc from 2011 to 2024. For live valuation and market cap data, see exax Inc (060230) total market value.

Year	Net Assets	Change
2024-12-31	₩54.32 Billion ≈ $36.81 Million	-64.07%
2023-12-31	₩151.19 Billion ≈ $102.46 Million	+101.79%
2022-12-31	₩74.93 Billion ≈ $50.78 Million	+6.87%
2021-12-31	₩70.11 Billion ≈ $47.51 Million	+19.77%
2020-12-31	₩58.54 Billion ≈ $39.67 Million	+6.36%
2019-12-31	₩55.04 Billion ≈ $37.30 Million	+69.61%
2018-12-31	₩32.45 Billion ≈ $21.99 Million	+43.63%
2017-12-31	₩22.59 Billion ≈ $15.31 Million	+9.26%
2016-12-31	₩20.68 Billion ≈ $14.01 Million	+13.45%
2015-12-31	₩18.23 Billion ≈ $12.35 Million	+119.92%
2014-12-31	₩8.29 Billion ≈ $5.62 Million	-49.81%
2013-12-31	₩16.51 Billion ≈ $11.19 Million	+95.68%
2012-12-31	₩8.44 Billion ≈ $5.72 Million	+155.17%
2011-12-31	₩3.31 Billion ≈ $2.24 Million	--

Equity Component Analysis

This analysis shows how different components contribute to exax 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 decreased by 6730989908000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	₩23.51 Billion	43.28%
Other Components	₩98.12 Billion	180.63%
Total Equity	₩54.32 Billion	100.00%

exax Inc Competitors by Market Cap

The table below lists competitors of exax Inc ranked by their market capitalization.

Company	Market Cap
DGR Global Ltd AU:DGR	$20.68 Million
Cyngn Inc NASDAQ:CYN	$20.68 Million
Harte Hanks Inc NASDAQ:HHS	$20.69 Million
Yonga Mobilya Sanayi ve Ticaret AS IS:YONGA	$20.70 Million
Inspira Technologies Oxy BHN Ltd NASDAQ:IINN	$20.66 Million
EV Advanced Material Co.Ltd KQ:131400	$20.65 Million
OB Holdings Berhad KLSE:0327	$20.65 Million
Acroud AB ST:ACROUD	$20.64 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 105,473,420,200 to 54,318,368,500, a change of -51,155,051,700 (-48.5%).
Net loss of 59,620,608,090 reduced equity.
Share repurchases of 999,999,120 reduced equity.
New share issuances of 999,999,120 increased equity.
Other factors increased equity by 8,465,556,390.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩-59.62 Billion	-109.76%
Share Repurchases	₩1000.00 Million	-1.84%
Share Issuances	₩1000.00 Million	+1.84%
Other Changes	₩8.47 Billion	+15.59%
Total Change	₩-	-48.50%

Book Value vs Market Value Analysis

This analysis compares exax 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: 0.37x
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 increased from 0.13x to 0.37x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	₩3348.30	₩427.00	x
2017-12-31	₩2754.58	₩427.00	x
2018-12-31	₩3202.44	₩427.00	x
2019-12-31	₩3846.70	₩427.00	x
2020-12-31	₩3805.81	₩427.00	x
2021-12-31	₩4045.81	₩427.00	x
2022-12-31	₩3549.02	₩427.00	x
2023-12-31	₩3083.21	₩427.00	x
2024-12-31	₩1163.30	₩427.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently exax 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): -109.76%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -122.04%
• Asset Turnover: 0.34x
• Equity Multiplier: 2.64x
Recent ROE (-109.76%) is below the historical average (-29.23%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	40.12%	6.09%	1.03x	6.38x	₩2.54 Billion
2013	27.52%	6.30%	0.84x	5.23x	₩2.89 Billion
2014	-149.89%	-16.11%	1.14x	8.13x	₩-13.25 Billion
2015	-36.59%	-13.01%	0.89x	3.15x	₩-8.49 Billion
2016	-41.83%	-18.73%	0.85x	2.62x	₩-10.72 Billion
2017	-41.38%	-21.44%	0.70x	2.77x	₩-11.61 Billion
2018	-6.91%	-6.70%	0.48x	2.16x	₩-5.49 Billion
2019	-1.82%	-2.71%	0.42x	1.59x	₩-6.50 Billion
2020	-2.19%	-4.27%	0.34x	1.51x	₩-7.13 Billion
2021	-3.93%	-9.39%	0.20x	2.08x	₩-9.76 Billion
2022	-15.99%	-29.86%	0.27x	1.96x	₩-19.47 Billion
2023	-37.34%	-79.52%	0.20x	2.30x	₩-49.93 Billion
2024	-109.76%	-122.04%	0.34x	2.64x	₩-65.05 Billion

Industry Comparison

This section compares exax Inc's net assets metrics with peer companies in the Chemicals industry.

Industry Context

Industry: Chemicals
Average net assets among peers: $1,146,832,753,128
Average return on equity (ROE) among peers: 5.38%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
exax Inc (060230)	₩56.14 Billion	40.12%	1.58x	$20.67 Million
Rifa Ind (000760)	$187.68 Billion	3.82%	0.46x	$30.36 Million
Kumyang (001570)	$45.18 Billion	6.56%	1.90x	$428.33 Million
Sh E & Chemical Co. Ltd. (002360)	$94.10 Billion	1.96%	0.32x	$26.35 Million
KCC Corporation (002380)	$5.97 Trillion	2.55%	0.54x	$2.86 Billion
Miwon Commerci (002840)	$112.52 Billion	5.69%	0.71x	$474.30 Million
Taekwang Ind (003240)	$2.98 Trillion	0.48%	0.28x	$570.36 Million
Lotte Fine Chemical Co Ltd (004000)	$1.15 Trillion	6.35%	0.39x	$1.15 Billion
Dongjin Semichem Co. Ltd (005290)	$118.32 Billion	19.59%	2.57x	$2.05 Billion
Isu Chemical Co Ltd (005950)	$381.26 Billion	-1.93%	1.80x	$195.90 Million
Korea Petro Chemical Ind (006650)	$431.77 Billion	8.74%	0.88x	$752.96 Million

About exax Inc

KQ:060230 Korea Chemicals

Market Cap

$20.67 Million

₩30.49 Billion KRW

Market Cap Rank

#24911 Global

#1852 in Korea

Share Price

₩427.00

Change (1 day)

-5.53%

52-Week Range

₩329.00 - ₩4250.00

All Time High

₩4250.00