Wemade Max Co. Ltd (101730) - Net Assets
Based on the latest financial reports, Wemade Max Co. Ltd (101730) has net assets worth ₩473.36 Billion KRW (≈ $320.79 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 (₩582.18 Billion ≈ $394.53 Million USD) and total liabilities (₩108.81 Billion ≈ $73.74 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 101730 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩473.36 Billion |
| % of Total Assets | 81.31% |
| Annual Growth Rate | 13.17% |
| 5-Year Change | 1984.97% |
| 10-Year Change | 587.62% |
| Growth Volatility | 156.22 |
Wemade Max Co. Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Wemade Max Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Wemade Max Co. Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Wemade Max Co. Ltd (2011–2024)
The table below shows the annual net assets of Wemade Max Co. Ltd from 2011 to 2024. For live valuation and market cap data, see 101730 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩494.30 Billion ≈ $334.98 Million |
+503.47% |
| 2023-12-31 | ₩81.91 Billion ≈ $55.51 Million |
+6.57% |
| 2022-12-31 | ₩76.86 Billion ≈ $52.08 Million |
+239.99% |
| 2021-12-31 | ₩22.61 Billion ≈ $15.32 Million |
-4.65% |
| 2020-12-31 | ₩23.71 Billion ≈ $16.07 Million |
+209.39% |
| 2019-12-31 | ₩7.66 Billion ≈ $5.19 Million |
-65.67% |
| 2018-12-31 | ₩22.32 Billion ≈ $15.13 Million |
-62.42% |
| 2017-12-31 | ₩59.41 Billion ≈ $40.26 Million |
-15.24% |
| 2016-12-31 | ₩70.09 Billion ≈ $47.50 Million |
-2.49% |
| 2015-12-31 | ₩71.88 Billion ≈ $48.72 Million |
-27.44% |
| 2014-12-31 | ₩99.07 Billion ≈ $67.14 Million |
-9.21% |
| 2013-12-31 | ₩109.12 Billion ≈ $73.95 Million |
+9.20% |
| 2012-12-31 | ₩99.92 Billion ≈ $67.72 Million |
+1.00% |
| 2011-12-31 | ₩98.93 Billion ≈ $67.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wemade Max 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 decreased by 5086.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩41.47 Billion | 8.39% |
| Other Components | ₩471.11 Billion | 95.31% |
| Total Equity | ₩494.30 Billion | 100.00% |
Wemade Max Co. Ltd Competitors by Market Cap
The table below lists competitors of Wemade Max Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Radiant Globaltech Bhd
KLSE:0202
|
$32.78 Million |
|
Ma Kuang Healthcare Holding Ltd
TWO:4139
|
$32.78 Million |
|
OnKure Therapeutics, Inc.
NASDAQ:OKUR
|
$32.79 Million |
|
Biotoxtech Co. Ltd
KQ:086040
|
$32.80 Million |
|
FreeMs Corporation
KQ:053160
|
$32.76 Million |
|
Lipum AB
ST:LIPUM
|
$32.76 Million |
|
DLP Resources Inc
V:DLP
|
$32.75 Million |
|
Microba Life Sciences Ltd
AU:MAP
|
$32.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wemade Max Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 83,330,654,570 to 494,296,103,360, a change of 410,965,448,790 (493.2%).
- Net loss of 9,487,545,470 reduced equity.
- Share repurchases of 1,832,434,960 reduced equity.
- Other factors increased equity by 422,285,429,220.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-9.49 Billion | -1.92% |
| Share Repurchases | ₩1.83 Billion | -0.37% |
| Other Changes | ₩422.29 Billion | +85.43% |
| Total Change | ₩- | 493.17% |
Book Value vs Market Value Analysis
This analysis compares Wemade Max 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: 0.99x
- 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 0.84x to 0.99x 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 | ₩7117.70 | ₩5950.00 | x |
| 2017-12-31 | ₩6029.29 | ₩5950.00 | x |
| 2018-12-31 | ₩2216.47 | ₩5950.00 | x |
| 2019-12-31 | ₩759.13 | ₩5950.00 | x |
| 2020-12-31 | ₩1527.87 | ₩5950.00 | x |
| 2021-12-31 | ₩1456.07 | ₩5950.00 | x |
| 2022-12-31 | ₩2328.03 | ₩5950.00 | x |
| 2023-12-31 | ₩2524.13 | ₩5950.00 | x |
| 2024-12-31 | ₩5993.71 | ₩5950.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wemade Max 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): -1.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.65%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.21x
- Recent ROE (-1.92%) is above the historical average (-31.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -4.26% | -14.70% | 0.26x | 1.13x | ₩-13.60 Billion |
| 2013 | 7.37% | 13.88% | 0.43x | 1.23x | ₩-2.55 Billion |
| 2014 | -4.58% | -13.99% | 0.28x | 1.16x | ₩-13.58 Billion |
| 2015 | -28.44% | -67.58% | 0.32x | 1.33x | ₩-27.64 Billion |
| 2016 | -2.50% | -5.56% | 0.34x | 1.31x | ₩-8.76 Billion |
| 2017 | -18.02% | -33.28% | 0.39x | 1.39x | ₩-16.65 Billion |
| 2018 | -171.94% | -133.49% | 0.69x | 1.85x | ₩-40.62 Billion |
| 2019 | -181.84% | -45.70% | 1.12x | 3.55x | ₩-14.70 Billion |
| 2020 | -43.89% | -27.44% | 0.90x | 1.78x | ₩-12.78 Billion |
| 2021 | -5.67% | -3.61% | 0.66x | 2.36x | ₩-3.54 Billion |
| 2022 | 32.87% | 29.30% | 0.70x | 1.60x | ₩17.58 Billion |
| 2023 | 7.69% | 9.18% | 0.54x | 1.56x | ₩-1.93 Billion |
| 2024 | -1.92% | -12.65% | 0.13x | 1.21x | ₩-58.92 Billion |
Industry Comparison
This section compares Wemade Max Co. Ltd'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 |
|---|---|---|---|---|
| Wemade Max Co. Ltd (101730) | ₩473.36 Billion | -4.26% | 0.23x | $32.77 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 Wemade Max Co. Ltd
Wemade Max Co., Ltd. develops and offers mobile games worldwide. It provides games, such as Windrunner, Candypang, Wind Soul, Hero Stone, God of GoStop, and Silkroad. The company was formerly known as JOYMAX Co.,Ltd. and changed its name to Wemade Max Co., Ltd. in March 2021. The company was founded in 1997 and is based in Seongnam, South Korea.