WooriNet Inc (115440) - Net Assets
Based on the latest financial reports, WooriNet Inc (115440) has net assets worth ₩95.44 Billion KRW (≈ $64.68 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 (₩122.78 Billion ≈ $83.21 Million USD) and total liabilities (₩27.35 Billion ≈ $18.53 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 WooriNet Inc (115440) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩95.44 Billion |
| % of Total Assets | 77.73% |
| Annual Growth Rate | 11.33% |
| 5-Year Change | 56.35% |
| 10-Year Change | 102.52% |
| Growth Volatility | 19.56 |
WooriNet Inc - Net Assets Trend (2009–2024)
This chart illustrates how WooriNet Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of WooriNet Inc for the complete picture of this company's asset base.
Annual Net Assets for WooriNet Inc (2009–2024)
The table below shows the annual net assets of WooriNet Inc from 2009 to 2024. For live valuation and market cap data, see market value of WooriNet Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩93.40 Billion ≈ $63.30 Million |
+22.30% |
| 2023-12-31 | ₩76.38 Billion ≈ $51.76 Million |
+29.87% |
| 2022-12-31 | ₩58.81 Billion ≈ $39.85 Million |
-4.68% |
| 2021-12-31 | ₩61.70 Billion ≈ $41.81 Million |
+3.27% |
| 2020-12-31 | ₩59.74 Billion ≈ $40.49 Million |
-16.96% |
| 2019-12-31 | ₩71.95 Billion ≈ $48.76 Million |
+34.63% |
| 2018-12-31 | ₩53.44 Billion ≈ $36.21 Million |
+5.71% |
| 2017-12-31 | ₩50.55 Billion ≈ $34.26 Million |
+5.57% |
| 2016-12-31 | ₩47.88 Billion ≈ $32.45 Million |
+3.83% |
| 2015-12-31 | ₩46.12 Billion ≈ $31.26 Million |
+11.27% |
| 2014-12-31 | ₩41.45 Billion ≈ $28.09 Million |
+18.34% |
| 2012-12-31 | ₩35.02 Billion ≈ $23.74 Million |
+14.02% |
| 2011-12-31 | ₩30.72 Billion ≈ $20.82 Million |
+64.44% |
| 2009-12-31 | ₩18.68 Billion ≈ $12.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to WooriNet 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 240.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩49.84 Billion | 53.35% |
| Common Stock | ₩5.38 Billion | 5.76% |
| Other Components | ₩38.19 Billion | 40.89% |
| Total Equity | ₩93.40 Billion | 100.00% |
WooriNet Inc Competitors by Market Cap
The table below lists competitors of WooriNet Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Emeren Group Ltd
NYSE:SOL
|
$99.56 Million |
|
Hexa Tradex Limited
NSE:HEXATRADEX
|
$99.58 Million |
|
Cherry Hill Mortgage Investment Corp
NYSE:CHMI
|
$99.60 Million |
|
SYN-Tech Chem & Pharm Co Ltd
TWO:1777
|
$99.61 Million |
|
Sajodongaone Co Ltd
KO:008040
|
$99.53 Million |
|
My Humble House Hospitality Management Consulting Co Ltd
TW:2739
|
$99.48 Million |
|
Anixa Biosciences Inc
NASDAQ:ANIX
|
$99.47 Million |
|
Manali Petrochemicals Limited
NSE:MANALIPETC
|
$99.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WooriNet Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 76,039,373,060 to 93,404,722,900, a change of 17,365,349,840 (22.8%).
- Net income of 20,378,085,730 contributed positively to equity growth.
- Share repurchases of 2,137,155,290 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩20.38 Billion | +21.82% |
| Share Repurchases | ₩2.14 Billion | -2.29% |
| Other Changes | ₩-875.58 Million | -0.94% |
| Total Change | ₩- | 22.84% |
Book Value vs Market Value Analysis
This analysis compares WooriNet 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: 1.59x
- 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 1.89x to 1.59x 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 | ₩7522.29 | ₩14200.00 | x |
| 2017-12-31 | ₩7941.39 | ₩14200.00 | x |
| 2018-12-31 | ₩8394.77 | ₩14200.00 | x |
| 2019-12-31 | ₩7874.32 | ₩14200.00 | x |
| 2020-12-31 | ₩6538.58 | ₩14200.00 | x |
| 2021-12-31 | ₩6752.27 | ₩14200.00 | x |
| 2022-12-31 | ₩6002.32 | ₩14200.00 | x |
| 2023-12-31 | ₩7070.64 | ₩14200.00 | x |
| 2024-12-31 | ₩8946.61 | ₩14200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WooriNet 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): 21.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.49%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.48x
- Recent ROE (21.82%) is above the historical average (6.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 29.43% | 13.50% | 1.32x | 1.65x | ₩3.57 Billion |
| 2010 | 7.39% | 5.42% | 0.00x | 0.00x | ₩-639.05 Million |
| 2011 | 12.44% | 9.58% | 0.99x | 1.32x | ₩749.29 Million |
| 2012 | 13.34% | 9.91% | 1.05x | 1.29x | ₩1.17 Billion |
| 2014 | 10.62% | 9.70% | 0.83x | 1.31x | ₩255.02 Million |
| 2015 | 12.20% | 11.34% | 0.76x | 1.41x | ₩1.02 Billion |
| 2016 | 5.68% | 6.27% | 0.66x | 1.36x | ₩-2.07 Billion |
| 2017 | 6.79% | 6.64% | 0.72x | 1.43x | ₩-1.62 Billion |
| 2018 | 3.49% | 4.18% | 0.52x | 1.62x | ₩-3.48 Billion |
| 2019 | 2.69% | 2.63% | 0.78x | 1.31x | ₩-5.26 Billion |
| 2020 | -19.52% | -22.28% | 0.52x | 1.67x | ₩-17.64 Billion |
| 2021 | 3.13% | 3.19% | 0.62x | 1.59x | ₩-4.24 Billion |
| 2022 | -16.53% | -15.61% | 0.56x | 1.91x | ₩-15.60 Billion |
| 2023 | 8.89% | 5.68% | 0.97x | 1.61x | ₩-843.66 Million |
| 2024 | 21.82% | 15.49% | 0.95x | 1.48x | ₩11.04 Billion |
Industry Comparison
This section compares WooriNet Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $172,585,605,867
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WooriNet Inc (115440) | ₩95.44 Billion | 29.43% | 0.29x | $99.54 Million |
| Gaon Cable (000500) | $264.57 Billion | 1.45% | 0.96x | $2.71 Billion |
| Huneed Tech (005870) | $133.18 Billion | 9.77% | 1.01x | $83.92 Million |
| Taihan Fiber Optics Co. Ltd (010170) | $76.02 Billion | -38.75% | 2.09x | $1.12 Billion |
| Humax Holdings Co. Ltd (028080) | $153.14 Billion | 3.81% | 0.11x | $72.29 Million |
| Comtec Sys (031820) | $233.58 Billion | 7.99% | 1.65x | $61.77 Million |
| KMW Inc. (032500) | $45.56 Billion | 8.64% | 3.57x | $821.46 Million |
| Insung Information Co. Ltd (033230) | $74.64 Billion | 0.00% | 0.44x | $66.08 Million |
| Bluecom Co. Ltd (033560) | $166.15 Billion | 1.16% | 0.04x | $37.87 Million |
| Kisan Telecom Co. Ltd (035460) | $32.43 Billion | -14.68% | 1.16x | $37.89 Million |
| Samji Electronics Co. Ltd (037460) | $546.58 Billion | 5.79% | 0.86x | $329.75 Million |
About WooriNet Inc
WooriNet, Inc. designs, manufactures, and supplies fiber optics transmission and wireline access network systems to telecommunications service providers in South Korea. The company offers packet optical transport network, packet transport network, multi service provisioning platform, wavelength division multiplexer, and carrier and transport management systems. It also provides packet converter, … Read more