K Auction Inc. (102370) - Net Assets
Based on the latest financial reports, K Auction Inc. (102370) has net assets worth ₩108.01 Billion KRW (≈ $73.19 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 (₩201.59 Billion ≈ $136.62 Million USD) and total liabilities (₩93.59 Billion ≈ $63.42 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 K Auction Inc. liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩108.01 Billion |
| % of Total Assets | 53.58% |
| Annual Growth Rate | 33.64% |
| 5-Year Change | 361.54% |
| 10-Year Change | N/A |
| Growth Volatility | 78.31 |
K Auction Inc. - Net Assets Trend (2019–2024)
This chart illustrates how K Auction Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore 102370 total assets for the complete picture of this company's asset base.
Annual Net Assets for K Auction Inc. (2019–2024)
The table below shows the annual net assets of K Auction Inc. from 2019 to 2024. For live valuation and market cap data, see K Auction Inc. (102370) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩112.01 Billion ≈ $75.91 Million |
-5.67% |
| 2023-12-31 | ₩118.74 Billion ≈ $80.47 Million |
-5.89% |
| 2022-12-31 | ₩126.18 Billion ≈ $85.51 Million |
+77.64% |
| 2021-12-31 | ₩71.03 Billion ≈ $48.14 Million |
+192.67% |
| 2020-12-31 | ₩24.27 Billion ≈ $16.45 Million |
-7.59% |
| 2019-12-31 | ₩26.26 Billion ≈ $17.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to K Auction 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 8.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩24.89 Billion | 22.49% |
| Other Components | ₩85.78 Billion | 77.51% |
| Total Equity | ₩110.66 Billion | 100.00% |
K Auction Inc. Competitors by Market Cap
The table below lists competitors of K Auction Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Incross Co. Ltd
KQ:216050
|
$55.70 Million |
|
Forum Markets, Incorporated
NASDAQ:FRMM
|
$55.71 Million |
|
CVC Technologies
TWO:4744
|
$55.71 Million |
|
Helport AI Limited Ordinary Shares
NASDAQ:HPAI
|
$55.72 Million |
|
Pulmonx Corp
NASDAQ:LUNG
|
$55.68 Million |
|
Nebag ag
SW:NBEN
|
$55.67 Million |
|
Santova Ltd
JSE:SNV
|
$55.66 Million |
|
Toung LoongTextile Mfg Co Ltd
TWO:4401
|
$55.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in K Auction Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 117,947,630,610 to 110,662,776,000, a change of -7,284,854,610 (-6.2%).
- Net loss of 5,939,395,480 reduced equity.
- Share repurchases of 167,428,000 reduced equity.
- New share issuances of 167,428,000 increased equity.
- Other factors decreased equity by 1,345,459,130.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-5.94 Billion | -5.37% |
| Share Repurchases | ₩167.43 Million | -0.15% |
| Share Issuances | ₩167.43 Million | +0.15% |
| Other Changes | ₩-1.35 Billion | -1.22% |
| Total Change | ₩- | -6.18% |
Book Value vs Market Value Analysis
This analysis compares K Auction 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: 0.74x
- 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 3.23x to 0.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₩982.52 | ₩3175.00 | x |
| 2020-12-31 | ₩907.98 | ₩3175.00 | x |
| 2021-12-31 | ₩3122.91 | ₩3175.00 | x |
| 2022-12-31 | ₩4710.95 | ₩3175.00 | x |
| 2023-12-31 | ₩4565.74 | ₩3175.00 | x |
| 2024-12-31 | ₩4274.63 | ₩3175.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently K Auction 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): -5.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.53%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.82x
- Recent ROE (-5.37%) is below the historical average (1.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 10.07% | 8.65% | 0.37x | 3.18x | ₩18.70 Million |
| 2020 | -8.60% | -8.63% | 0.33x | 3.06x | ₩-4.52 Billion |
| 2021 | 14.77% | 27.40% | 0.40x | 1.34x | ₩3.39 Billion |
| 2022 | 3.19% | 14.53% | 0.13x | 1.72x | ₩-8.59 Billion |
| 2023 | -4.29% | -41.62% | 0.06x | 1.75x | ₩-16.85 Billion |
| 2024 | -5.37% | -30.53% | 0.10x | 1.82x | ₩-17.01 Billion |
Industry Comparison
This section compares K Auction Inc.'s net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $101,110,277,398
- Average return on equity (ROE) among peers: 4.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| K Auction Inc. (102370) | ₩108.01 Billion | 10.07% | 0.87x | $55.70 Million |
| Cubic Korea Inc (021650) | $49.61 Billion | 1.26% | 1.90x | $25.66 Million |
| Koryo Credit Information Co. Ltd (049720) | $33.11 Billion | 29.75% | 1.46x | $95.02 Million |
| Hannet Co. Ltd (052600) | $18.46 Billion | 10.97% | 0.21x | $31.93 Million |
| ktcs corporation (058850) | $159.57 Billion | 4.46% | 1.18x | $69.29 Million |
| Logisys Inc (067730) | $16.37 Billion | 2.83% | 0.46x | $21.40 Million |
| StarFlex Co. Ltd (115570) | $65.91 Billion | -10.02% | 1.16x | $16.23 Million |
| Imarketkorea (122900) | $316.04 Billion | 12.20% | 1.16x | $162.05 Million |
| Global Tax Free Co. Ltd (204620) | $86.81 Billion | -12.89% | 0.67x | $283.83 Million |
| CTK Co. Ltd (260930) | $164.11 Billion | -0.27% | 0.25x | $50.57 Million |
About K Auction Inc.
K-Auction.Co.Ltd. operates as an auction house in South Korea. It holds major auctions, special auctions, charity auctions, and private collection auctions, as well as live and online auctions that offer modern and contemporary artworks by Korean and international artists, as well as Korean traditional arts and crafts. The company was founded in 2005 and is based in Seoul, South Korea.