JOYCITY Corporation
JOYCITY Corporation operates as a gaming company worldwide. It engages in the design and development of games for PC and mobile platforms. The company was formerly known as JC Entertainment Corp and changed its name to JOYCITY Corporation in June 2013. JOYCITY Corporation was founded in 1994 and is based in Seongnam-si, South Korea.
JOYCITY Corporation (067000) - Net Assets
Latest net assets as of September 2025: ₩94.12 Billion KRW
Based on the latest financial reports, JOYCITY Corporation (067000) has net assets worth ₩94.12 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 (₩224.98 Billion) and total liabilities (₩130.87 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 | ₩94.12 Billion |
| % of Total Assets | 41.83% |
| Annual Growth Rate | 3.43% |
| 5-Year Change | 23.43% |
| 10-Year Change | 41.54% |
| Growth Volatility | 57.64 |
JOYCITY Corporation - Net Assets Trend (2011–2024)
This chart illustrates how JOYCITY Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for JOYCITY Corporation (2011–2024)
The table below shows the annual net assets of JOYCITY Corporation from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩96.46 Billion | -10.43% |
| 2023-12-31 | ₩107.69 Billion | +8.91% |
| 2022-12-31 | ₩98.88 Billion | +1.73% |
| 2021-12-31 | ₩97.20 Billion | +24.38% |
| 2020-12-31 | ₩78.15 Billion | +203.44% |
| 2019-12-31 | ₩25.75 Billion | -3.18% |
| 2018-12-31 | ₩26.60 Billion | -21.53% |
| 2017-12-31 | ₩33.90 Billion | -25.16% |
| 2016-12-31 | ₩45.29 Billion | -33.54% |
| 2015-12-31 | ₩68.15 Billion | +20.69% |
| 2014-12-31 | ₩56.47 Billion | -6.99% |
| 2013-12-31 | ₩60.72 Billion | -10.88% |
| 2012-12-31 | ₩68.13 Billion | +9.44% |
| 2011-12-31 | ₩62.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to JOYCITY Corporation'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 117.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩35.38 Billion | 37.05% |
| Other Components | ₩60.32 Billion | 63.16% |
| Total Equity | ₩95.50 Billion | 100.00% |
JOYCITY Corporation Competitors by Market Cap
The table below lists competitors of JOYCITY Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Venky's (India) Limited
NSE:VENKEYS
|
$69.11 Million |
|
Dongbang Trans
KO:004140
|
$69.11 Million |
|
CITYVA
HE:CITYVA
|
$69.15 Million |
|
FABRYKI MEBLI FORTE ZY 1
F:1U7
|
$69.15 Million |
|
Clarus Corp
NASDAQ:CLAR
|
$69.06 Million |
|
IZMO Limited
NSE:IZMO
|
$69.05 Million |
|
Reitmans (Canada) Limited
PINK:RTMNF
|
$69.01 Million |
|
Helium One Global Ltd
OTCQB:HLOGF
|
$68.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JOYCITY Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 106,001,160,010 to 95,499,401,930, a change of -10,501,758,080 (-9.9%).
- Net loss of 5,550,599,440 reduced equity.
- Share repurchases of 74,170,460 reduced equity.
- New share issuances of 74,170,460 increased equity.
- Other factors decreased equity by 4,951,158,640.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-5.55 Billion | -5.81% |
| Share Repurchases | ₩74.17 Million | -0.08% |
| Share Issuances | ₩74.17 Million | +0.08% |
| Other Changes | ₩-4.95 Billion | -5.18% |
| Total Change | ₩- | -9.91% |
Book Value vs Market Value Analysis
This analysis compares JOYCITY Corporation'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: 1.84x
- 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 2.73x to 1.84x 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 | ₩920.45 | ₩2510.00 | x |
| 2017-12-31 | ₩688.85 | ₩2510.00 | x |
| 2018-12-31 | ₩540.86 | ₩2510.00 | x |
| 2019-12-31 | ₩523.66 | ₩2510.00 | x |
| 2020-12-31 | ₩1195.44 | ₩2510.00 | x |
| 2021-12-31 | ₩2133.98 | ₩2510.00 | x |
| 2022-12-31 | ₩1443.10 | ₩2510.00 | x |
| 2023-12-31 | ₩1517.28 | ₩2510.00 | x |
| 2024-12-31 | ₩1366.16 | ₩2510.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JOYCITY Corporation 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): -5.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.89%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.41x
- Recent ROE (-5.81%) is below the historical average (-1.99%), 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 | 10.62% | 15.11% | 0.58x | 1.22x | ₩385.23 Million |
| 2012 | 11.39% | 12.32% | 0.77x | 1.21x | ₩950.10 Million |
| 2014 | 6.06% | 7.36% | 0.64x | 1.29x | ₩-2.22 Billion |
| 2015 | 1.58% | 1.87% | 0.75x | 1.13x | ₩-5.74 Billion |
| 2016 | -11.77% | -7.35% | 1.23x | 1.30x | ₩-9.86 Billion |
| 2017 | -33.89% | -12.46% | 1.82x | 1.49x | ₩-14.88 Billion |
| 2018 | -29.22% | -8.91% | 1.58x | 2.07x | ₩-10.43 Billion |
| 2019 | -4.99% | -1.25% | 1.59x | 2.52x | ₩-3.86 Billion |
| 2020 | 14.49% | 6.85% | 1.49x | 1.42x | ₩3.51 Billion |
| 2021 | 7.24% | 3.50% | 0.85x | 2.44x | ₩-2.68 Billion |
| 2022 | 3.23% | 1.95% | 0.66x | 2.50x | ₩-6.69 Billion |
| 2023 | 5.20% | 3.68% | 0.62x | 2.29x | ₩-5.09 Billion |
| 2024 | -5.81% | -3.89% | 0.62x | 2.41x | ₩-15.10 Billion |
Industry Comparison
This section compares JOYCITY Corporation's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $613,795,471,933
- Average return on equity (ROE) among peers: 1.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JOYCITY Corporation (067000) | ₩94.12 Billion | 10.62% | 1.39x | $69.08 Million |
| Barunson Entertainment & Arts Corporation (035620) | $71.65 Billion | -18.60% | 0.74x | $9.06 Million |
| NCsoft Corp (036570) | $1.02 Trillion | 15.27% | 0.29x | $1.64 Billion |
| HANBIT SOFT Inc (047080) | $18.29 Billion | -6.37% | 0.61x | $12.75 Million |
| Actoz Soft Co.Ltd (052790) | $117.07 Billion | -6.06% | 0.28x | $19.68 Million |
| Com2uS Corporation (078340) | $1.11 Trillion | 3.57% | 0.54x | $171.71 Million |
| SundayToz Corp (123420) | $85.27 Billion | 56.73% | 0.29x | $29.11 Million |
| Nhn Entertain (181710) | $1.77 Trillion | -7.51% | 0.81x | $341.00 Million |
| DoubleU Games Co Ltd (192080) | $1.20 Trillion | 12.46% | 0.08x | $340.72 Million |
| Devsisters corporation (194480) | $134.56 Billion | -36.86% | 0.78x | $194.27 Million |