THINKWARE Corporation (084730) - Net Assets
Based on the latest financial reports, THINKWARE Corporation (084730) has net assets worth ₩217.27 Billion KRW (≈ $147.24 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩369.87 Billion ≈ $250.65 Million USD) and total liabilities (₩152.60 Billion ≈ $103.42 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 net worth ratio of THINKWARE Corporation to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩217.27 Billion |
| % of Total Assets | 58.74% |
| Annual Growth Rate | 6.5% |
| 5-Year Change | 32.67% |
| 10-Year Change | 61.87% |
| Growth Volatility | 6.76 |
THINKWARE Corporation - Net Assets Trend (2013–2025)
This chart illustrates how THINKWARE Corporation's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of THINKWARE Corporation to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for THINKWARE Corporation (2013–2025)
The table below shows the annual net assets of THINKWARE Corporation from 2013 to 2025. For live valuation and market cap data, see 084730 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩217.27 Billion ≈ $147.24 Million |
-5.51% |
| 2024-12-31 | ₩229.93 Billion ≈ $155.82 Million |
+9.86% |
| 2023-12-31 | ₩209.29 Billion ≈ $141.83 Million |
+15.57% |
| 2022-12-31 | ₩181.09 Billion ≈ $122.72 Million |
+10.58% |
| 2021-12-31 | ₩163.77 Billion ≈ $110.98 Million |
+4.34% |
| 2020-12-31 | ₩156.95 Billion ≈ $106.36 Million |
+5.57% |
| 2019-12-31 | ₩148.66 Billion ≈ $100.75 Million |
+2.29% |
| 2018-12-31 | ₩145.33 Billion ≈ $98.49 Million |
+1.06% |
| 2017-12-31 | ₩143.81 Billion ≈ $97.46 Million |
+7.14% |
| 2016-12-31 | ₩134.22 Billion ≈ $90.96 Million |
+7.69% |
| 2015-12-31 | ₩124.63 Billion ≈ $84.46 Million |
+20.95% |
| 2014-12-31 | ₩103.05 Billion ≈ $69.84 Million |
+0.95% |
| 2013-12-31 | ₩102.08 Billion ≈ $69.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to THINKWARE 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 grown by 8402.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩111.21 Billion | 58.52% |
| Other Components | ₩78.84 Billion | 41.48% |
| Total Equity | ₩190.05 Billion | 100.00% |
THINKWARE Corporation Competitors by Market Cap
The table below lists competitors of THINKWARE Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inhwa Precision Co. Ltd
KQ:101930
|
$58.50 Million |
|
SEOHAN Const. & Eng.co.Ltd
KQ:011370
|
$58.51 Million |
|
Leader Electronics Inc
TW:3058
|
$58.52 Million |
|
NEW STRATUS ENERGY
F:80N
|
$58.52 Million |
|
Formosa Prosonic Industries
KLSE:9172
|
$58.48 Million |
|
ARRAS MINERALS CORP.
F:9RJ
|
$58.47 Million |
|
Shan-Loong Transportation Co Ltd
TW:2616
|
$58.46 Million |
|
COWELL FASHION Co.Ltd
KQ:033290
|
$58.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in THINKWARE Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 208,893,716,360 to 190,046,368,920, a change of -18,847,347,440 (-9.0%).
- Net loss of 25,441,597,120 reduced equity.
- Dividend payments of 1,103,314,780 reduced retained earnings.
- Share repurchases of 2,007,106,690 reduced equity.
- New share issuances of 118,761,000 increased equity.
- Other factors increased equity by 9,585,910,150.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-25.44 Billion | -13.39% |
| Dividends Paid | ₩1.10 Billion | -0.58% |
| Share Repurchases | ₩2.01 Billion | -1.06% |
| Share Issuances | ₩118.76 Million | +0.06% |
| Other Changes | ₩9.59 Billion | +5.04% |
| Total Change | ₩- | -9.02% |
Book Value vs Market Value Analysis
This analysis compares THINKWARE 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: 0.39x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩15144.53 | ₩7050.00 | x |
| 2017-12-31 | ₩15253.47 | ₩7050.00 | x |
| 2018-12-31 | ₩15414.79 | ₩7050.00 | x |
| 2019-12-31 | ₩15768.32 | ₩7050.00 | x |
| 2020-12-31 | ₩16647.32 | ₩7050.00 | x |
| 2021-12-31 | ₩17370.48 | ₩7050.00 | x |
| 2022-12-31 | ₩15016.00 | ₩7050.00 | x |
| 2023-12-31 | ₩18667.81 | ₩7050.00 | x |
| 2024-12-31 | ₩19406.57 | ₩7050.00 | x |
| 2025-12-31 | ₩18000.02 | ₩7050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently THINKWARE 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): -13.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.74%
- • Asset Turnover: 1.45x
- • Equity Multiplier: 1.95x
- Recent ROE (-13.39%) is below the historical average (1.73%), 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 | 0.93% | 0.60% | 0.81x | 1.92x | ₩-9.35 Billion |
| 2015 | 0.73% | 0.60% | 0.76x | 1.60x | ₩-11.54 Billion |
| 2016 | 1.65% | 1.20% | 0.89x | 1.54x | ₩-11.21 Billion |
| 2017 | 1.98% | 1.44% | 0.96x | 1.43x | ₩-11.54 Billion |
| 2018 | 1.69% | 1.26% | 0.98x | 1.37x | ₩-12.08 Billion |
| 2019 | 2.73% | 2.23% | 0.87x | 1.40x | ₩-10.81 Billion |
| 2020 | 5.41% | 4.30% | 0.88x | 1.44x | ₩-7.20 Billion |
| 2021 | 3.98% | 2.89% | 0.79x | 1.74x | ₩-9.86 Billion |
| 2022 | 1.85% | 1.00% | 0.97x | 1.92x | ₩-14.76 Billion |
| 2023 | 7.97% | 3.71% | 1.06x | 2.03x | ₩-3.97 Billion |
| 2024 | 5.23% | 2.23% | 1.18x | 1.98x | ₩-9.96 Billion |
| 2025 | -13.39% | -4.74% | 1.45x | 1.95x | ₩-44.45 Billion |
Industry Comparison
This section compares THINKWARE Corporation's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $111,641,830,621
- Average return on equity (ROE) among peers: 11.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| THINKWARE Corporation (084730) | ₩217.27 Billion | 0.93% | 0.70x | $58.49 Million |
| NanoenTekInc (039860) | $52.34 Billion | 13.99% | 0.19x | $95.53 Million |
| Suprema HQ Inc (094840) | $221.79 Billion | 6.86% | 0.05x | $68.12 Million |
| Woojin (105840) | $176.57 Billion | 5.36% | 0.29x | $262.76 Million |
| HyVision System. Inc (126700) | $97.08 Billion | 21.14% | 0.61x | $107.15 Million |
| DAIHAN Scientific Co. Ltd (131220) | $39.20 Billion | 9.81% | 0.63x | $19.09 Million |
| Parksystems Corp (140860) | $36.11 Billion | 15.49% | 0.20x | $1.17 Billion |
| LET co. Ltd (297890) | $247.32 Billion | 10.71% | 0.25x | $95.17 Million |
| Wintec Co. Ltd (320000) | $22.72 Billion | 7.79% | 0.26x | $237.56 Million |
About THINKWARE Corporation
THINKWARE Corporation provides location-based and connected services in North America, Europe, Asia, Oceania, and internationally. It offers dash cams and black boxes; mobiles and tablets; and ADAS high-precision maps for self-driving vehicle platforms. The company also distributes home appliances, as well as offers after-sales service. In addition, it engages in taxi call solution development an… Read more