Very Good Tour Co. Ltd (094850) - Net Assets
Based on the latest financial reports, Very Good Tour Co. Ltd (094850) has net assets worth ₩95.53 Billion KRW (≈ $64.74 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 (₩183.58 Billion ≈ $124.41 Million USD) and total liabilities (₩88.05 Billion ≈ $59.67 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 Very Good Tour Co. Ltd (094850) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩95.53 Billion |
| % of Total Assets | 52.04% |
| Annual Growth Rate | 4.54% |
| 5-Year Change | -8.62% |
| 10-Year Change | 47.53% |
| Growth Volatility | 9.43 |
Very Good Tour Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Very Good Tour Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Very Good Tour Co. Ltd (094850) total assets for the complete picture of this company's asset base.
Annual Net Assets for Very Good Tour Co. Ltd (2014–2024)
The table below shows the annual net assets of Very Good Tour Co. Ltd from 2014 to 2024. For live valuation and market cap data, see market value of Very Good Tour Co. Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩86.29 Billion ≈ $58.48 Million |
+2.09% |
| 2023-12-31 | ₩84.53 Billion ≈ $57.28 Million |
+9.77% |
| 2022-12-31 | ₩77.01 Billion ≈ $52.19 Million |
-14.67% |
| 2021-12-31 | ₩90.24 Billion ≈ $61.16 Million |
-4.44% |
| 2020-12-31 | ₩94.44 Billion ≈ $64.00 Million |
-2.34% |
| 2019-12-31 | ₩96.70 Billion ≈ $65.53 Million |
+16.19% |
| 2018-12-31 | ₩83.23 Billion ≈ $56.40 Million |
+13.54% |
| 2017-12-31 | ₩73.30 Billion ≈ $49.68 Million |
+15.97% |
| 2016-12-31 | ₩63.21 Billion ≈ $42.83 Million |
+8.06% |
| 2015-12-31 | ₩58.49 Billion ≈ $39.64 Million |
+5.64% |
| 2014-12-31 | ₩55.37 Billion ≈ $37.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Very Good Tour Co. Ltd'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 184.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩41.21 Billion | 47.75% |
| Common Stock | ₩7.00 Billion | 8.11% |
| Other Components | ₩38.09 Billion | 44.14% |
| Total Equity | ₩86.29 Billion | 100.00% |
Very Good Tour Co. Ltd Competitors by Market Cap
The table below lists competitors of Very Good Tour Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enwell Energy plc
F:RHN
|
$53.23 Million |
|
Unlu Yatirim Holding AS
IS:UNLU
|
$53.26 Million |
|
Reliance Securities Tbk
JK:RELI
|
$53.26 Million |
|
Ocumetics Technology Corp
V:OTC
|
$53.27 Million |
|
Orient Ceratech Limited
NSE:ORIENTCER
|
$53.20 Million |
|
Sarveshwar Foods Limited
NSE:SARVESHWAR
|
$53.19 Million |
|
Tinka Resources Limited
V:TK
|
$53.18 Million |
|
A.J. Plast Public Company Limited
BK:AJ
|
$53.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Very Good Tour Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 84,529,311,750 to 86,292,445,400, a change of 1,763,133,650 (2.1%).
- Net income of 3,118,589,680 contributed positively to equity growth.
- Share repurchases of 74,880,000 reduced equity.
- New share issuances of 74,880,000 increased equity.
- Other factors decreased equity by 1,355,456,030.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.12 Billion | +3.61% |
| Share Repurchases | ₩74.88 Million | -0.09% |
| Share Issuances | ₩74.88 Million | +0.09% |
| Other Changes | ₩-1.36 Billion | -1.57% |
| Total Change | ₩- | 2.09% |
Book Value vs Market Value Analysis
This analysis compares Very Good Tour Co. Ltd'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: 0.88x
- 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 1.23x to 0.88x 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 | ₩4596.77 | ₩5670.00 | x |
| 2017-12-31 | ₩5331.08 | ₩5670.00 | x |
| 2018-12-31 | ₩6053.13 | ₩5670.00 | x |
| 2019-12-31 | ₩7326.01 | ₩5670.00 | x |
| 2020-12-31 | ₩7154.33 | ₩5670.00 | x |
| 2021-12-31 | ₩6831.86 | ₩5670.00 | x |
| 2022-12-31 | ₩5829.79 | ₩5670.00 | x |
| 2023-12-31 | ₩6318.90 | ₩5670.00 | x |
| 2024-12-31 | ₩6443.19 | ₩5670.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Very Good Tour Co. Ltd 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): 3.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.86%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.78x
- Recent ROE (3.61%) is below the historical average (5.23%), 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 | 6.09% | 4.46% | 0.76x | 1.79x | ₩-2.17 Billion |
| 2015 | 9.86% | 7.29% | 0.70x | 1.92x | ₩-81.05 Million |
| 2016 | 10.93% | 16.04% | 0.30x | 2.31x | ₩585.32 Million |
| 2017 | 16.60% | 21.53% | 0.39x | 1.97x | ₩4.84 Billion |
| 2018 | 12.30% | 15.74% | 0.42x | 1.84x | ₩1.91 Billion |
| 2019 | 23.67% | 36.88% | 0.43x | 1.51x | ₩13.22 Billion |
| 2020 | -2.23% | -16.62% | 0.13x | 1.05x | ₩-11.54 Billion |
| 2021 | -15.96% | -296.44% | 0.05x | 1.07x | ₩-23.43 Billion |
| 2022 | -15.88% | -89.66% | 0.12x | 1.43x | ₩-19.93 Billion |
| 2023 | 8.53% | 10.50% | 0.48x | 1.70x | ₩-1.24 Billion |
| 2024 | 3.61% | 3.86% | 0.53x | 1.78x | ₩-5.51 Billion |
Industry Comparison
This section compares Very Good Tour Co. Ltd's net assets metrics with peer companies in the Hotels & Entertainment Services industry.
Industry Context
- Industry: Hotels & Entertainment Services
- Average net assets among peers: $73,670,594,950
- Average return on equity (ROE) among peers: 7.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Very Good Tour Co. Ltd (094850) | ₩95.53 Billion | 6.09% | 0.92x | $53.22 Million |
| Ananti Inc (025980) | $46.99 Billion | 6.29% | 5.81x | $387.03 Million |
| CHOROKBAEM COMPANY Co. Ltd (052300) | $89.82 Billion | -4.95% | 0.71x | $156.05 Million |
| Modetour Network Inc (080160) | $84.20 Billion | 20.87% | 0.77x | $133.14 Million |
About Very Good Tour Co. Ltd
Very Good Tour Co.,Ltd. provides travel products and tickets in South Korea. The company was formerly known as Very Good Leisure Co., Ltd. and changed its name to Very Good Tour Co.,Ltd. in August 2017. Very Good Tour Co.,Ltd. was founded in 1998 and is based in Seoul, South Korea.