THINKWARE Corporation (084730) - Net Assets

Latest as of September 2025: ₩241.67 Billion KRW ≈ $163.78 Million USD

Based on the latest financial reports, THINKWARE Corporation (084730) has net assets worth ₩241.67 Billion KRW (≈ $163.78 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 (₩406.39 Billion ≈ $275.41 Million USD) and total liabilities (₩164.72 Billion ≈ $111.63 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 asset resilience ratio of THINKWARE Corporation to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩241.67 Billion
% of Total Assets	59.47%
Annual Growth Rate	7.66%
5-Year Change	46.5%
10-Year Change	84.48%
Growth Volatility	5.92

THINKWARE Corporation - Net Assets Trend (2013–2024)

This chart illustrates how THINKWARE Corporation's net assets have evolved over time, based on quarterly financial data. Also explore 084730 asset base for the complete picture of this company's asset base.

Annual Net Assets for THINKWARE Corporation (2013–2024)

The table below shows the annual net assets of THINKWARE Corporation from 2013 to 2024. For live valuation and market cap data, see 084730 stock market capitalisation.

Year	Net Assets	Change
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	--

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 10349.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩136.67 Billion	65.43%
Other Components	₩72.22 Billion	34.57%
Total Equity	₩208.89 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
Dawson Geophysical Company NASDAQ:DWSN	$62.41 Million
Defense Metals Corp V:DEFN	$62.42 Million
Delta Technologies Nyrt BUD:DELTA	$62.43 Million
Tailyn Technologies TWO:5353	$62.44 Million
Global Fashion Group S.A F:GFG	$62.34 Million
Hydrogene De France SA PA:HDF	$62.33 Million
Lument Finance Trust Inc NYSE:LFT	$62.31 Million
PharmGen Science Inc KO:004720	$62.30 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 2023 to 2024, total equity changed from 195,624,581,280 to 208,893,716,360, a change of 13,269,135,080 (6.8%).
Net income of 10,927,098,840 contributed positively to equity growth.
Dividend payments of 653,161,030 reduced retained earnings.
Share repurchases of 573,520,000 reduced equity.
New share issuances of 573,520,000 increased equity.
Other factors increased equity by 2,995,197,270.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩10.93 Billion	+5.23%
Dividends Paid	₩653.16 Million	-0.31%
Share Repurchases	₩573.52 Million	-0.27%
Share Issuances	₩573.52 Million	+0.27%
Other Changes	₩3.00 Billion	+1.43%
Total Change	₩-	6.78%

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: 0.45x
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 0.58x to 0.45x 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	₩15144.53	₩8720.00	x
2017-12-31	₩15253.47	₩8720.00	x
2018-12-31	₩15414.79	₩8720.00	x
2019-12-31	₩15768.32	₩8720.00	x
2020-12-31	₩16647.32	₩8720.00	x
2021-12-31	₩17370.48	₩8720.00	x
2022-12-31	₩15016.00	₩8720.00	x
2023-12-31	₩18667.81	₩8720.00	x
2024-12-31	₩19406.57	₩8720.00	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): 5.23%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.23%
• Asset Turnover: 1.18x
• Equity Multiplier: 1.98x
Recent ROE (5.23%) is above the historical average (3.10%), indicating improving 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

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: $79,627,658,925
Average return on equity (ROE) among peers: 7.79%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
THINKWARE Corporation (084730)	₩241.67 Billion	0.93%	0.68x	$62.37 Million
NanoenTekInc (039860)	$45.49 Billion	6.02%	0.16x	$149.06 Million
Suprema HQ Inc (094840)	$174.01 Billion	7.22%	0.18x	$70.37 Million
Woojin (105840)	$131.03 Billion	-5.57%	0.61x	$374.32 Million
HyVision System. Inc (126700)	$123.98 Billion	6.77%	0.34x	$155.89 Million
DAIHAN Scientific Co. Ltd (131220)	$17.81 Billion	7.02%	0.82x	$23.96 Million
Parksystems Corp (140860)	$90.14 Billion	10.08%	0.49x	$1.36 Billion
LET co. Ltd (297890)	$30.28 Billion	24.36%	0.77x	$114.00 Million
Wintec Co. Ltd (320000)	$24.28 Billion	6.43%	0.60x	$33.57 Million

About THINKWARE Corporation

KQ:084730 Korea Scientific & Technical Instruments

Market Cap

$62.37 Million

₩92.04 Billion KRW

Market Cap Rank

#21024 Global

#1308 in Korea

Share Price

₩8720.00

Change (1 day)

-0.68%

52-Week Range

₩7450.00 - ₩10270.00

All Time High

₩21450.00