Innox Corporation (088390) - Net Assets

Latest as of September 2025: ₩199.59 Billion KRW ≈ $135.26 Million USD

Based on the latest financial reports, Innox Corporation (088390) has net assets worth ₩199.59 Billion KRW (≈ $135.26 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 (₩316.67 Billion ≈ $214.60 Million USD) and total liabilities (₩117.08 Billion ≈ $79.34 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 088390 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩199.59 Billion
% of Total Assets	63.03%
Annual Growth Rate	8.71%
5-Year Change	43.15%
10-Year Change	34.58%
Growth Volatility	23.71

Innox Corporation - Net Assets Trend (2011–2024)

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

Annual Net Assets for Innox Corporation (2011–2024)

The table below shows the annual net assets of Innox Corporation from 2011 to 2024. For live valuation and market cap data, see Innox Corporation (088390) total market value.

Year	Net Assets	Change
2024-12-31	₩184.24 Billion ≈ $124.86 Million	-21.81%
2023-12-31	₩235.64 Billion ≈ $159.69 Million	+11.22%
2022-12-31	₩211.87 Billion ≈ $143.58 Million	+8.33%
2021-12-31	₩195.58 Billion ≈ $132.54 Million	+51.96%
2020-12-31	₩128.70 Billion ≈ $87.22 Million	+7.36%
2019-12-31	₩119.87 Billion ≈ $81.24 Million	-9.54%
2018-12-31	₩132.52 Billion ≈ $89.81 Million	-19.01%
2017-12-31	₩163.61 Billion ≈ $110.88 Million	+15.38%
2016-12-31	₩141.80 Billion ≈ $96.10 Million	+3.59%
2015-12-31	₩136.89 Billion ≈ $92.77 Million	+1.02%
2014-12-31	₩135.51 Billion ≈ $91.83 Million	+7.98%
2013-12-31	₩125.50 Billion ≈ $85.05 Million	+64.85%
2012-12-31	₩76.13 Billion ≈ $51.59 Million	+22.38%
2011-12-31	₩62.21 Billion ≈ $42.16 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Innox 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 27386224410000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩273.86 Billion	148.65%
Common Stock	₩4.69 Billion	2.55%
Total Equity	₩184.24 Billion	100.00%

Innox Corporation Competitors by Market Cap

The table below lists competitors of Innox Corporation ranked by their market capitalization.

Company	Market Cap
Atp Ticari Bilgisayar Agi ve Elektrik Guc Kaynaklari Uretim Pazarlama ve Ticaret IS:ATATP	$84.75 Million
YM Tech Co. Ltd. KQ:273640	$84.75 Million
Real Estate & E-Commerce Split Corp TO:RS	$84.75 Million
Arrow Exploration Corp V:AXL	$84.78 Million
Casino Guichard Perrachon SA PA:CO	$84.71 Million
Columbus Acquisition Corp Unit NASDAQ:COLAU	$84.69 Million
Tripar Multivision Plus JK:RAAM	$84.64 Million
Appeninn Vagyonkezelo Holding Nyilvanosan Mukodo Reszvenytarsasag F:0AP	$84.62 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Innox Corporation's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 192,669,810,370 to 184,237,905,210, a change of -8,431,905,160 (-4.4%).
Net loss of 19,896,580,420 reduced equity.
Other factors increased equity by 11,464,675,260.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩-19.90 Billion	-10.8%
Other Changes	₩11.46 Billion	+6.22%
Total Change	₩-	-4.38%

Book Value vs Market Value Analysis

This analysis compares Innox 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: 0.68x
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 increased from 0.31x to 0.68x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	₩42480.00	₩13370.00	x
2017-12-31	₩18219.48	₩13370.00	x
2018-12-31	₩15084.57	₩13370.00	x
2019-12-31	₩13686.60	₩13370.00	x
2020-12-31	₩14694.59	₩13370.00	x
2021-12-31	₩21267.42	₩13370.00	x
2022-12-31	₩22872.94	₩13370.00	x
2023-12-31	₩20527.72	₩13370.00	x
2024-12-31	₩19629.37	₩13370.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Innox 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): -10.80%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -35.43%
• Asset Turnover: 0.18x
• Equity Multiplier: 1.73x
Recent ROE (-10.80%) is below the historical average (12.58%), 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	14.80%	7.94%	0.91x	2.05x	₩2.99 Billion
2012	16.64%	8.90%	0.97x	1.94x	₩5.05 Billion
2013	22.09%	14.90%	0.99x	1.49x	₩15.17 Billion
2014	11.52%	10.79%	0.79x	1.35x	₩2.06 Billion
2015	7.41%	4.75%	0.74x	2.12x	₩-3.55 Billion
2016	4.91%	13.26%	0.17x	2.21x	₩-7.22 Billion
2017	107.83%	382.47%	0.18x	1.60x	₩160.07 Billion
2018	-22.31%	-51.19%	0.27x	1.61x	₩-42.82 Billion
2019	-9.72%	-28.05%	0.21x	1.68x	₩-23.64 Billion
2020	7.29%	17.25%	0.26x	1.62x	₩-3.49 Billion
2021	26.68%	69.44%	0.26x	1.48x	₩32.62 Billion
2022	7.02%	18.50%	0.27x	1.42x	₩-6.31 Billion
2023	-7.18%	-22.41%	0.18x	1.75x	₩-33.09 Billion
2024	-10.80%	-35.43%	0.18x	1.73x	₩-38.32 Billion

Industry Comparison

This section compares Innox Corporation's net assets metrics with peer companies in the Leisure Products industry.

Industry Context

Industry: Leisure Products
Average net assets among peers: $211,316,240,935
Average return on equity (ROE) among peers: 5.77%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Innox Corporation (088390)	₩199.59 Billion	14.80%	0.59x	$84.72 Million
Aurora World Corporation (039830)	$66.91 Billion	4.47%	1.51x	$116.86 Million
ES Cube Co. Ltd (050120)	$39.86 Billion	0.29%	0.16x	$160.44 Million
SONOKONG Co. Ltd (066910)	$25.87 Billion	13.05%	1.18x	$10.04 Million
GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)	$712.63 Billion	5.27%	0.45x	$152.13 Million

About Innox Corporation

KQ:088390 Korea Leisure Products

Market Cap

$84.72 Million

₩125.02 Billion KRW

Market Cap Rank

#19810 Global

#1125 in Korea

Share Price

₩13370.00

Change (1 day)

-4.77%

52-Week Range

₩6990.00 - ₩16850.00

All Time High

₩53300.00