Ace Technologies Corp (088800) - Net Assets
Based on the latest financial reports, Ace Technologies Corp (088800) has net assets worth ₩78.63 Billion KRW (≈ $53.28 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 (₩271.42 Billion ≈ $183.94 Million USD) and total liabilities (₩192.80 Billion ≈ $130.66 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 Ace Technologies Corp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩78.63 Billion |
| % of Total Assets | 28.97% |
| Annual Growth Rate | -1.82% |
| 5-Year Change | 36.29% |
| 10-Year Change | -28.82% |
| Growth Volatility | 99.43 |
Ace Technologies Corp - Net Assets Trend (2011–2024)
This chart illustrates how Ace Technologies Corp's net assets have evolved over time, based on quarterly financial data. Also explore 088800 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Ace Technologies Corp (2011–2024)
The table below shows the annual net assets of Ace Technologies Corp from 2011 to 2024. For live valuation and market cap data, see 088800 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩97.66 Billion ≈ $66.18 Million |
+352.55% |
| 2023-12-31 | ₩21.58 Billion ≈ $14.62 Million |
-68.37% |
| 2022-12-31 | ₩68.23 Billion ≈ $46.24 Million |
-3.40% |
| 2021-12-31 | ₩70.63 Billion ≈ $47.87 Million |
-1.43% |
| 2020-12-31 | ₩71.65 Billion ≈ $48.56 Million |
-18.95% |
| 2019-12-31 | ₩88.41 Billion ≈ $59.91 Million |
+13.11% |
| 2018-12-31 | ₩78.16 Billion ≈ $52.97 Million |
+25.45% |
| 2017-12-31 | ₩62.31 Billion ≈ $42.22 Million |
-46.50% |
| 2016-12-31 | ₩116.46 Billion ≈ $78.93 Million |
-15.11% |
| 2015-12-31 | ₩137.19 Billion ≈ $92.97 Million |
+10.28% |
| 2014-12-31 | ₩124.40 Billion ≈ $84.31 Million |
+11.78% |
| 2013-12-31 | ₩111.29 Billion ≈ $75.42 Million |
+13.31% |
| 2012-12-31 | ₩98.22 Billion ≈ $66.56 Million |
-20.78% |
| 2011-12-31 | ₩123.98 Billion ≈ $84.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ace Technologies Corp'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 46664.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩113.26 Billion | 115.97% |
| Other Components | ₩114.70 Billion | 117.45% |
| Total Equity | ₩97.66 Billion | 100.00% |
Ace Technologies Corp Competitors by Market Cap
The table below lists competitors of Ace Technologies Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xlife Sciences AG
SW:XLS
|
$122.27 Million |
|
IL Science Co. Ltd
KQ:307180
|
$122.29 Million |
|
KULR Technology Group Inc
NYSE MKT:KULR
|
$122.43 Million |
|
San Lien Technology
TWO:5493
|
$122.50 Million |
|
Adriano Care SOCIMI SAU
MC:YADR
|
$122.09 Million |
|
Marvipol S.A.
WAR:MVP
|
$122.08 Million |
|
Samyang Packaging
KO:272550
|
$122.08 Million |
|
Mercator Medical S.A.
WAR:MRC
|
$122.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ace Technologies Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 23,392,657,690 to 97,660,955,150, a change of 74,268,297,460 (317.5%).
- Net loss of 40,748,858,620 reduced equity.
- Other factors increased equity by 115,017,156,080.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-40.75 Billion | -41.72% |
| Other Changes | ₩115.02 Billion | +117.77% |
| Total Change | ₩- | 317.49% |
Book Value vs Market Value Analysis
This analysis compares Ace Technologies Corp'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: 3.61x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.02x to 3.61x 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 | ₩4607.62 | ₩4680.00 | x |
| 2017-12-31 | ₩2151.54 | ₩4680.00 | x |
| 2018-12-31 | ₩2313.88 | ₩4680.00 | x |
| 2019-12-31 | ₩2294.40 | ₩4680.00 | x |
| 2020-12-31 | ₩1763.47 | ₩4680.00 | x |
| 2021-12-31 | ₩1335.78 | ₩4680.00 | x |
| 2022-12-31 | ₩1255.58 | ₩4680.00 | x |
| 2023-12-31 | ₩336.10 | ₩4680.00 | x |
| 2024-12-31 | ₩1295.29 | ₩4680.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ace Technologies Corp 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): -41.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.09%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 3.12x
- Recent ROE (-41.72%) is above the historical average (-50.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 17.07% | 12.93% | 0.43x | 3.11x | ₩8.28 Billion |
| 2013 | 9.60% | 3.19% | 0.86x | 3.50x | ₩-422.71 Million |
| 2014 | 9.86% | 2.72% | 1.00x | 3.63x | ₩-165.85 Million |
| 2015 | 7.29% | 2.37% | 0.86x | 3.59x | ₩-3.71 Billion |
| 2016 | -27.74% | -10.03% | 0.74x | 3.72x | ₩-43.95 Billion |
| 2017 | -87.76% | -15.55% | 0.94x | 5.99x | ₩-60.91 Billion |
| 2018 | 3.95% | 0.82% | 0.87x | 5.53x | ₩-4.73 Billion |
| 2019 | -10.44% | -2.44% | 1.00x | 4.30x | ₩-18.07 Billion |
| 2020 | -116.04% | -39.45% | 0.60x | 4.93x | ₩-90.31 Billion |
| 2021 | -44.86% | -13.61% | 0.61x | 5.42x | ₩-38.75 Billion |
| 2022 | -44.18% | -12.54% | 0.63x | 5.56x | ₩-36.97 Billion |
| 2023 | -337.28% | -56.34% | 0.54x | 11.09x | ₩-81.24 Billion |
| 2024 | -41.72% | -28.09% | 0.48x | 3.12x | ₩-50.51 Billion |
Industry Comparison
This section compares Ace Technologies Corp's net assets metrics with peer companies in the Communications & Networking industry.
Industry Context
- Industry: Communications & Networking
- Average net assets among peers: $74,363,694,062
- Average return on equity (ROE) among peers: 10.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ace Technologies Corp (088800) | ₩78.63 Billion | 17.07% | 2.45x | $122.13 Million |
| Eyesvision Corp (031310) | $127.73 Billion | 13.77% | 0.94x | $16.58 Million |
| BG T&A Co (046310) | $34.20 Billion | 8.46% | 1.18x | $34.14 Million |
| SOLiD Inc (050890) | $108.59 Billion | 8.36% | 1.48x | $600.83 Million |
| System and Application Technologies Co. Ltd (060540) | $54.53 Billion | 9.76% | 0.57x | $24.56 Million |
| Homecast Co.Ltd (064240) | $70.63 Billion | 1.95% | 0.62x | $47.40 Million |
| CS Corporation (065770) | $42.69 Billion | 4.63% | 0.89x | $20.22 Million |
| ECSTELECOM Co. Ltd (067010) | $41.38 Billion | 6.50% | 0.28x | $10.85 Million |
| Innowireless Co. Ltd (073490) | $76.88 Billion | -5.83% | 0.17x | $213.97 Million |
| Frtek Co.Ltd (073540) | $31.26 Billion | -5.42% | 0.92x | $30.20 Million |
| Ubiquoss Holdings Inc (078070) | $155.74 Billion | 62.09% | 0.03x | $167.73 Million |
About Ace Technologies Corp
Ace Technologies corp. manufactures and sells wireless communication devices in South Korea and internationally. The company offers mobile network products, including base station antennas, antenna line devices, RRH filters, 5G products, RF systems, mobile device antennas, test and measurement solutions, and connectors and cable assemblies. It also provides automotive antennas and radars; and com… Read more