Soosung Innovation Co. Ltd.
Soosung Salvacion co., Ltd. engages in the manufacture and sale of material handling equipment in South Korea and internationally. The company offers material handling equipment, such as electric forklift trucks, engine powered forklift trucks, pallet trucks, tow tractors and platform trucks, electric elevating platform, stackers, drum handling equipment, lift tables, and cranes, as well as custo… Read more
Soosung Innovation Co. Ltd. (084180) - Net Assets
Latest net assets as of September 2025: ₩114.52 Billion KRW
Based on the latest financial reports, Soosung Innovation Co. Ltd. (084180) has net assets worth ₩114.52 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 (₩251.92 Billion) and total liabilities (₩137.40 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 | ₩114.52 Billion |
| % of Total Assets | 45.46% |
| Annual Growth Rate | 19.12% |
| 5-Year Change | 553.45% |
| 10-Year Change | N/A |
| Growth Volatility | 36.65 |
Soosung Innovation Co. Ltd. - Net Assets Trend (2015–2024)
This chart illustrates how Soosung Innovation 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 Soosung Innovation Co. Ltd. (2015–2024)
The table below shows the annual net assets of Soosung Innovation Co. Ltd. from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩127.61 Billion | +65.94% |
| 2023-12-31 | ₩76.90 Billion | +70.35% |
| 2022-12-31 | ₩45.14 Billion | +35.78% |
| 2021-12-31 | ₩33.25 Billion | +70.25% |
| 2020-12-31 | ₩19.53 Billion | +20.04% |
| 2019-12-31 | ₩16.27 Billion | +9.24% |
| 2018-12-31 | ₩14.89 Billion | -12.78% |
| 2017-12-31 | ₩17.07 Billion | -39.53% |
| 2016-12-31 | ₩28.24 Billion | +6.91% |
| 2015-12-31 | ₩26.41 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Soosung Innovation 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 314.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩89.08 Billion | 69.81% |
| Other Components | ₩88.60 Billion | 69.43% |
| Total Equity | ₩127.61 Billion | 100.00% |
Soosung Innovation Co. Ltd. Competitors by Market Cap
The table below lists competitors of Soosung Innovation Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alpha Exploration Ltd
V:ALEX
|
$19.42 Million |
|
Alfabs Australia Ltd
AU:AAL
|
$19.42 Million |
|
NatureWise Biotech & Medicals Corporation
TWO:4732
|
$19.42 Million |
|
First Hydrogen Corp
PINK:FHYDF
|
$19.42 Million |
|
BCWORLD PHARM. Co. Ltd
KQ:200780
|
$19.41 Million |
|
Kleannara
KO:004540
|
$19.40 Million |
|
Greenland Hong Kong Holdings Limited
F:QFRA
|
$19.40 Million |
|
MFO SA
WAR:MFO
|
$19.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Soosung Innovation Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 72,873,122,580 to 127,610,212,760, a change of 54,737,090,180 (75.1%).
- Net loss of 8,937,433,180 reduced equity.
- Share repurchases of 10,987,957,110 reduced equity.
- New share issuances of 11,001,755,680 increased equity.
- Other factors increased equity by 63,660,724,790.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-8.94 Billion | -7.0% |
| Share Repurchases | ₩10.99 Billion | -8.61% |
| Share Issuances | ₩11.00 Billion | +8.62% |
| Other Changes | ₩63.66 Billion | +49.89% |
| Total Change | ₩- | 75.11% |
Book Value vs Market Value Analysis
This analysis compares Soosung Innovation 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: 0.22x
- 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 0.88x to 0.22x 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 | ₩1805.52 | ₩1587.00 | x |
| 2017-12-31 | ₩905.86 | ₩1587.00 | x |
| 2018-12-31 | ₩610.66 | ₩1587.00 | x |
| 2019-12-31 | ₩617.59 | ₩1587.00 | x |
| 2020-12-31 | ₩544.99 | ₩1587.00 | x |
| 2021-12-31 | ₩579.10 | ₩1587.00 | x |
| 2022-12-31 | ₩613.77 | ₩1587.00 | x |
| 2023-12-31 | ₩655.62 | ₩1587.00 | x |
| 2024-12-31 | ₩7163.52 | ₩1587.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Soosung Innovation 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): -7.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.03%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.97x
- Recent ROE (-7.00%) is above the historical average (-36.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 8.40% | 8.43% | 0.70x | 1.42x | ₩-452.83 Million |
| 2017 | -128.10% | -82.99% | 0.40x | 3.86x | ₩-23.58 Billion |
| 2018 | -97.10% | -60.90% | 0.44x | 3.63x | ₩-15.95 Billion |
| 2019 | -31.69% | -22.70% | 0.48x | 2.91x | ₩-6.78 Billion |
| 2020 | -16.76% | -15.85% | 0.39x | 2.68x | ₩-5.23 Billion |
| 2021 | -28.63% | -26.49% | 0.39x | 2.81x | ₩-12.84 Billion |
| 2022 | -15.46% | -13.33% | 0.53x | 2.19x | ₩-11.49 Billion |
| 2023 | -9.97% | -17.60% | 0.28x | 2.05x | ₩-14.55 Billion |
| 2024 | -7.00% | -13.03% | 0.27x | 1.97x | ₩-21.70 Billion |
Industry Comparison
This section compares Soosung Innovation Co. Ltd.'s net assets metrics with peer companies in the Machinery, Tools, Heavy Vehicles, Trains & Ships industry.
Industry Context
- Industry: Machinery, Tools, Heavy Vehicles, Trains & Ships
- Average net assets among peers: $111,702,524,769
- Average return on equity (ROE) among peers: 0.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Soosung Innovation Co. Ltd. (084180) | ₩114.52 Billion | 8.40% | 1.20x | $19.41 Million |
| Bosung Power Technology Co. Ltd (006910) | $34.47 Billion | -13.92% | 1.45x | $270.01 Million |
| Youngsin Metal Industrial Co. Ltd (007530) | $42.53 Billion | 5.85% | 2.37x | $22.80 Million |
| SMCore.Inc (007820) | $42.57 Billion | 13.11% | 0.61x | $54.03 Million |
| Heungkuk Metaltech Co.Ltd (010240) | $45.00 Billion | 7.23% | 0.87x | $19.11 Million |
| Nuintek Co.Ltd (012340) | $14.74 Billion | -24.23% | 1.98x | $5.39 Million |
| CAS Corporation (016920) | $49.47 Billion | 2.29% | 1.02x | $10.38 Million |
| Semyung Electric Machinery Co.Ltd (017510) | $71.37 Billion | 4.79% | 0.15x | $60.31 Million |
| Enertork Ltd (019990) | $40.18 Billion | -2.17% | 0.14x | $34.99 Million |
| Tae Kwang Corporation (023160) | $436.13 Billion | 3.49% | 0.16x | $274.49 Million |
| Young Poong Precision Corporation (036560) | $340.55 Billion | 4.55% | 0.21x | $64.81 Million |