GNCO Co. Ltd
GNCO Co., Ltd. designs, manufactures, and sells apparel for men and women in South Korea and internationally. It offers its apparel through Thursday Island, T.I FOR MEN, ELOQ, LOUDMUT, PHENOM, and COVETBLAN brands. The company sells its products through its brand stores, as well as online. GNCO Co., Ltd. was founded in 1997 and is headquartered in Seoul, South Korea.
GNCO Co. Ltd (065060) - Net Assets
Latest net assets as of September 2025: ₩128.94 Billion KRW
Based on the latest financial reports, GNCO Co. Ltd (065060) has net assets worth ₩128.94 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩251.57 Billion) and total liabilities (₩122.63 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩128.94 Billion |
| % of Total Assets | 51.25% |
| Annual Growth Rate | -0.93% |
| 5-Year Change | -44.22% |
| 10-Year Change | -72.48% |
| Growth Volatility | 53.05 |
GNCO Co. Ltd - Net Assets Trend (2008–2024)
This chart illustrates how GNCO Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GNCO Co. Ltd (2008–2024)
The table below shows the annual net assets of GNCO Co. Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩38.61 Billion | -70.66% |
| 2023-12-31 | ₩131.60 Billion | +183.27% |
| 2022-12-31 | ₩46.46 Billion | -13.13% |
| 2021-12-31 | ₩53.48 Billion | -22.73% |
| 2020-12-31 | ₩69.21 Billion | -24.20% |
| 2019-12-31 | ₩91.31 Billion | -20.90% |
| 2018-12-31 | ₩115.43 Billion | -23.02% |
| 2017-12-31 | ₩149.95 Billion | +9.58% |
| 2016-12-31 | ₩136.84 Billion | -2.44% |
| 2015-12-31 | ₩140.27 Billion | +11.01% |
| 2014-12-31 | ₩126.36 Billion | -5.99% |
| 2013-12-31 | ₩134.41 Billion | +40.96% |
| 2012-12-31 | ₩95.35 Billion | +10.51% |
| 2011-12-31 | ₩86.28 Billion | +58.06% |
| 2010-12-31 | ₩54.59 Billion | +10.34% |
| 2009-12-31 | ₩49.48 Billion | +10.43% |
| 2008-12-31 | ₩44.80 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GNCO 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 decreased by 12026578677000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩54.00 Billion | 139.88% |
| Other Components | ₩104.87 Billion | 271.63% |
| Total Equity | ₩38.61 Billion | 100.00% |
GNCO Co. Ltd Competitors by Market Cap
The table below lists competitors of GNCO Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zakłady Lentex SA
WAR:LTX
|
$12.22 Million |
|
ABO-Group Environment N.V.
LSE:0QXA
|
$12.22 Million |
|
Southern Cross Media Group Limited
PINK:SOUTF
|
$12.23 Million |
|
Zaklady Przemyslu Cukierniczego Otmuchow S.A.
WAR:OTM
|
$12.23 Million |
|
Sub Sri Thai Real Estate Investment Trust
BK:SSTRT
|
$12.21 Million |
|
Inotiv Inc
NASDAQ:NOTV
|
$12.21 Million |
|
AMIGO HLDGS PLC. LS-0025
F:0VG
|
$12.21 Million |
|
Tander Inversiones SOCIMI SA
MC:YTAN
|
$12.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GNCO Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 48,429,145,430 to 38,607,768,410, a change of -9,821,377,020 (-20.3%).
- Net loss of 9,874,387,920 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-9.87 Billion | -25.58% |
| Other Changes | ₩53.01 Million | +0.14% |
| Total Change | ₩- | -20.28% |
Book Value vs Market Value Analysis
This analysis compares GNCO 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: 0.15x
- 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 0.30x to 0.15x 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 | ₩1722.84 | ₩520.00 | x |
| 2017-12-31 | ₩1532.29 | ₩520.00 | x |
| 2018-12-31 | ₩1179.51 | ₩520.00 | x |
| 2019-12-31 | ₩933.02 | ₩520.00 | x |
| 2020-12-31 | ₩707.24 | ₩520.00 | x |
| 2021-12-31 | ₩546.48 | ₩520.00 | x |
| 2022-12-31 | ₩474.72 | ₩520.00 | x |
| 2023-12-31 | ₩494.87 | ₩520.00 | x |
| 2024-12-31 | ₩3579.38 | ₩520.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GNCO 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): -25.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.15%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 6.06x
- Recent ROE (-25.58%) is below the historical average (-11.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 1.72% | 1.20% | 0.71x | 2.02x | ₩-5.24 Billion |
| 2011 | 7.74% | 5.42% | 0.97x | 1.48x | ₩-1.95 Billion |
| 2012 | 4.58% | 3.34% | 0.89x | 1.55x | ₩-5.17 Billion |
| 2013 | 1.19% | 0.91% | 0.65x | 2.04x | ₩-8.84 Billion |
| 2014 | -8.87% | -6.36% | 0.62x | 2.24x | ₩-17.51 Billion |
| 2015 | 1.32% | 1.09% | 0.57x | 2.14x | ₩-8.83 Billion |
| 2016 | -4.36% | -4.90% | 0.51x | 1.73x | ₩-19.65 Billion |
| 2017 | -10.82% | -11.33% | 0.49x | 1.93x | ₩-31.22 Billion |
| 2018 | -33.24% | -26.21% | 0.52x | 2.42x | ₩-49.91 Billion |
| 2019 | -25.72% | -15.06% | 0.63x | 2.72x | ₩-32.61 Billion |
| 2020 | -26.90% | -14.53% | 0.53x | 3.51x | ₩-25.54 Billion |
| 2021 | -34.73% | -13.72% | 0.59x | 4.29x | ₩-23.92 Billion |
| 2022 | -13.17% | -4.27% | 0.63x | 4.89x | ₩-10.76 Billion |
| 2023 | -7.34% | -2.42% | 0.62x | 4.87x | ₩-8.40 Billion |
| 2024 | -25.58% | -8.15% | 0.52x | 6.06x | ₩-13.74 Billion |
Industry Comparison
This section compares GNCO Co. Ltd's net assets metrics with peer companies in the Textiles & Apparel industry.
Industry Context
- Industry: Textiles & Apparel
- Average net assets among peers: $30,421,065,403
- Average return on equity (ROE) among peers: -233.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GNCO Co. Ltd (065060) | ₩128.94 Billion | 1.72% | 0.95x | $12.21 Million |
| Wonpung Mulsan Co.Ltd (008290) | $46.78 Billion | -5.85% | 0.44x | $5.68 Million |
| HYUNGJI INNOVATION & CREATIVE Co.Ltd (011080) | $12.02 Billion | -33.05% | 3.77x | $998.05K |
| AztechWB Co. Ltd (032080) | $106.25 Billion | -1.92% | 0.11x | $11.06 Million |
| GAMSUNG Corporation Co. Ltd (036620) | $9.65 Billion | -31.73% | 1.12x | $194.96 Million |
| Gold Pacific Co. Ltd (038530) | $2.60 Billion | -872.61% | 5.89x | $18.83 Million |
| Codes Combine Co. Ltd (047770) | $5.23 Billion | -455.52% | 12.58x | $45.54 Million |