KINX Inc (093320) - Net Assets

Latest as of September 2025: ₩241.72 Billion KRW ≈ $163.81 Million USD

Based on the latest financial reports, KINX Inc (093320) has net assets worth ₩241.72 Billion KRW (≈ $163.81 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 (₩335.57 Billion ≈ $227.41 Million USD) and total liabilities (₩93.85 Billion ≈ $63.60 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 how resilient are KINX Inc's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩241.72 Billion
% of Total Assets	72.03%
Annual Growth Rate	16.85%
5-Year Change	110.44%
10-Year Change	379.53%
Growth Volatility	7.61

KINX Inc - Net Assets Trend (2011–2024)

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

Annual Net Assets for KINX Inc (2011–2024)

The table below shows the annual net assets of KINX Inc from 2011 to 2024. For live valuation and market cap data, see 093320 market cap overview.

Year	Net Assets	Change
2024-12-31	₩229.97 Billion ≈ $155.85 Million	+24.50%
2023-12-31	₩184.72 Billion ≈ $125.18 Million	+26.83%
2022-12-31	₩145.64 Billion ≈ $98.70 Million	+16.75%
2021-12-31	₩124.75 Billion ≈ $84.54 Million	+14.15%
2020-12-31	₩109.28 Billion ≈ $74.06 Million	+33.94%
2019-12-31	₩81.59 Billion ≈ $55.29 Million	+19.73%
2018-12-31	₩68.14 Billion ≈ $46.18 Million	+20.17%
2017-12-31	₩56.71 Billion ≈ $38.43 Million	+6.49%
2016-12-31	₩53.25 Billion ≈ $36.09 Million	+11.04%
2015-12-31	₩47.96 Billion ≈ $32.50 Million	+6.47%
2014-12-31	₩45.04 Billion ≈ $30.53 Million	+13.07%
2013-12-31	₩39.84 Billion ≈ $27.00 Million	+15.57%
2012-12-31	₩34.47 Billion ≈ $23.36 Million	+13.48%
2011-12-31	₩30.37 Billion ≈ $20.58 Million	--

Equity Component Analysis

This analysis shows how different components contribute to KINX Inc'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 158752.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩157.21 Billion	83.07%
Common Stock	₩2.44 Billion	1.29%
Other Components	₩29.60 Billion	15.64%
Total Equity	₩189.25 Billion	100.00%

KINX Inc Competitors by Market Cap

The table below lists competitors of KINX Inc ranked by their market capitalization.

Company	Market Cap
Voyager Acquisition Corp NASDAQ:VACH	$321.82 Million
Denny’s Corp NASDAQ:DENN	$321.87 Million
Chung Hwa Chemical Industrial Works Ltd TW:1727	$321.90 Million
Kg Chemical KO:001390	$322.13 Million
Wuhan Golden Laser Co Ltd SHE:300220	$321.70 Million
Jay Mart Public Company Limited BK:JMART	$321.70 Million
Iljin Holdings KO:015860	$321.61 Million
Sandhar Technologies Limited NSE:SANDHAR	$321.60 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 167,536,891,450 to 189,247,721,510, a change of 21,710,830,060 (13.0%).
Net income of 18,070,626,010 contributed positively to equity growth.
Dividend payments of 2,902,102,200 reduced retained earnings.
Share repurchases of 23,214,700 reduced equity.
Other factors increased equity by 6,565,520,950.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩18.07 Billion	+9.55%
Dividends Paid	₩2.90 Billion	-1.53%
Share Repurchases	₩23.21 Million	-0.01%
Other Changes	₩6.57 Billion	+3.47%
Total Change	₩-	12.96%

Book Value vs Market Value Analysis

This analysis compares KINX Inc'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: 2.67x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 9.30x to 2.67x 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	₩11215.28	₩104300.00	x
2017-12-31	₩12402.41	₩104300.00	x
2018-12-31	₩14902.02	₩104300.00	x
2019-12-31	₩17842.62	₩104300.00	x
2020-12-31	₩22417.20	₩104300.00	x
2021-12-31	₩25579.41	₩104300.00	x
2022-12-31	₩30110.59	₩104300.00	x
2023-12-31	₩34637.70	₩104300.00	x
2024-12-31	₩39126.34	₩104300.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently KINX Inc 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): 9.55%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.01%
• Asset Turnover: 0.41x
• Equity Multiplier: 1.78x
Recent ROE (9.55%) is below the historical average (13.32%), 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	13.43%	20.17%	0.62x	1.07x	₩1.04 Billion
2012	11.75%	14.69%	0.74x	1.08x	₩596.05 Million
2013	12.24%	15.61%	0.72x	1.09x	₩873.56 Million
2014	12.89%	15.45%	0.76x	1.09x	₩1.26 Billion
2015	9.49%	10.81%	0.80x	1.09x	₩-242.54 Million
2016	10.83%	13.05%	0.73x	1.13x	₩442.58 Million
2017	11.39%	13.66%	0.72x	1.15x	₩789.01 Million
2018	17.91%	21.68%	0.73x	1.13x	₩5.39 Billion
2019	18.44%	23.28%	0.62x	1.29x	₩6.89 Billion
2020	13.65%	21.17%	0.49x	1.31x	₩3.99 Billion
2021	12.72%	18.78%	0.51x	1.34x	₩3.39 Billion
2022	17.51%	22.99%	0.56x	1.36x	₩10.93 Billion
2023	14.74%	20.12%	0.48x	1.52x	₩7.94 Billion
2024	9.55%	13.01%	0.41x	1.78x	₩-854.15 Million

Industry Comparison

This section compares KINX Inc's net assets metrics with peer companies in the Software & IT Services industry.

Industry Context

Industry: Software & IT Services
Average net assets among peers: $86,509,074,709
Average return on equity (ROE) among peers: -2.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
KINX Inc (093320)	₩241.72 Billion	13.43%	0.39x	$321.73 Million
Daishin Information & Communications Co.Ltd (020180)	$28.59 Billion	-0.17%	1.98x	$32.06 Million
PLAYWITH Inc (023770)	$18.06 Billion	50.26%	5.79x	$7.73 Million
Hancom Inc (030520)	$315.69 Billion	14.81%	1.20x	$300.10 Million
UBcare. Co. Ltd (032620)	$99.22 Billion	-1.60%	0.61x	$140.04 Million
Softcen Co. Ltd (032680)	$50.38 Billion	0.00%	0.19x	$5.97 Million
InfoBank Corporation (039290)	$52.41 Billion	1.60%	0.39x	$26.52 Million
Korea Business News Co. Ltd (039340)	$168.04 Billion	8.22%	0.16x	$72.70 Million
CUROCOM Co. Ltd (040350)	$52.85 Billion	-20.57%	0.57x	$54.20 Million
Polaris Office Corp (041020)	$74.87 Billion	3.60%	0.20x	$125.79 Million
Total Soft Bank Ltd (045340)	$4.99 Billion	-77.23%	1.09x	$38.66 Million

About KINX Inc

KQ:093320 Korea Software & IT Services

Market Cap

$321.73 Million

₩474.75 Billion KRW

Market Cap Rank

#14667 Global

#525 in Korea

Share Price

₩104300.00

Change (1 day)

-1.04%

52-Week Range

₩75800.00 - ₩140600.00

All Time High

₩140600.00