POLARIS WORKS Inc (123010) - Net Assets

Latest as of September 2025: ₩30.07 Billion KRW ≈ $20.38 Million USD

Based on the latest financial reports, POLARIS WORKS Inc (123010) has net assets worth ₩30.07 Billion KRW (≈ $20.38 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 (₩51.95 Billion ≈ $35.21 Million USD) and total liabilities (₩21.88 Billion ≈ $14.83 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. Also explore how large is POLARIS WORKS Inc's balance sheet for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric Value
Current Net Assets ₩30.07 Billion
% of Total Assets 57.88%
Annual Growth Rate 19.88%
5-Year Change 20.56%
10-Year Change 236.6%
Growth Volatility 77.36

POLARIS WORKS Inc - Net Assets Trend (2014–2024)

This chart illustrates how POLARIS WORKS Inc's net assets have evolved over time, based on quarterly financial data. Check how tangible is POLARIS WORKS Inc's equity to evaluate the tangible quality of the company's equity base.

Annual Net Assets for POLARIS WORKS Inc (2014–2024)

The table below shows the annual net assets of POLARIS WORKS Inc from 2014 to 2024. For live valuation and market cap data, see market value of POLARIS WORKS Inc.

Year Net Assets Change
2024-12-31 ₩30.34 Billion
≈ $20.56 Million		 -32.81%
2023-12-31 ₩45.16 Billion
≈ $30.60 Million		 -17.41%
2022-12-31 ₩54.68 Billion
≈ $37.06 Million		 +101.56%
2021-12-31 ₩27.13 Billion
≈ $18.38 Million		 +7.79%
2020-12-31 ₩25.17 Billion
≈ $17.06 Million		 +226.54%
2019-12-31 ₩7.71 Billion
≈ $5.22 Million		 +27.75%
2018-12-31 ₩6.03 Billion
≈ $4.09 Million		 -42.26%
2017-12-31 ₩10.45 Billion
≈ $7.08 Million		 -14.48%
2016-12-31 ₩12.22 Billion
≈ $8.28 Million		 +35.54%
2015-12-31 ₩9.01 Billion
≈ $6.11 Million		 +82.17%
2014-12-31 ₩4.95 Billion
≈ $3.35 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to POLARIS WORKS 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 decreased by 19406.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components ₩54.22 Billion 178.69%
Total Equity ₩30.34 Billion 100.00%

POLARIS WORKS Inc Competitors by Market Cap

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

Company Market Cap
HLV LIMITED
NSE:HLVLTD
 $50.76 Million
Gogoro Inc
NASDAQ:GGR
 $50.79 Million
Broadwind Energy Inc
NASDAQ:BWEN
 $50.81 Million
Southport Acquisition Corp
NYSE:PORT
 $50.81 Million
Generic Sweden publ AB
ST:GENI
 $50.73 Million
Zee Media Corporation Limited
NSE:ZEEMEDIA
 $50.73 Million
Orient Bell Limited
NSE:ORIENTBELL
 $50.71 Million
Aton Resources Inc
V:AAN
 $50.71 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 45,159,941,360 to 30,341,358,940, a change of -14,818,582,420 (-32.8%).
  • Net loss of 14,563,869,690 reduced equity.
  • Share repurchases of 489,999,510 reduced equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩-14.56 Billion -48.0%
Share Repurchases ₩490.00 Million -1.61%
Other Changes ₩235.29 Million +0.78%
Total Change ₩- -32.81%

Book Value vs Market Value Analysis

This analysis compares POLARIS WORKS 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: 2.47x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has increased from 1.44x to 2.47x 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 ₩1602.91 ₩2310.00 x
2017-12-31 ₩258.74 ₩2310.00 x
2018-12-31 ₩148.92 ₩2310.00 x
2019-12-31 ₩135.68 ₩2310.00 x
2020-12-31 ₩306.33 ₩2310.00 x
2021-12-31 ₩1412.18 ₩2310.00 x
2022-12-31 ₩1749.31 ₩2310.00 x
2023-12-31 ₩1392.88 ₩2310.00 x
2024-12-31 ₩935.83 ₩2310.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently POLARIS WORKS 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): -48.00%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -37.01%
  • • Asset Turnover: 0.75x
  • • Equity Multiplier: 1.73x
  • Recent ROE (-48.00%) is below the historical average (-26.83%), 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 35.98% 4.59% 1.47x 5.35x ₩1.12 Billion
2015 -5.53% -1.12% 1.18x 4.19x ₩-998.32 Million
2016 -3.23% -1.37% 1.03x 2.30x ₩-1.62 Billion
2017 -30.81% -22.70% 0.65x 2.09x ₩-4.26 Billion
2018 -72.57% -47.40% 0.52x 2.92x ₩-4.98 Billion
2019 -101.11% -143.02% 0.19x 3.74x ₩-8.56 Billion
2020 -15.69% -49.02% 0.19x 1.66x ₩-6.46 Billion
2021 -17.77% -53.16% 0.20x 1.65x ₩-7.53 Billion
2022 -9.61% -43.74% 0.15x 1.46x ₩-10.72 Billion
2023 -26.80% -37.48% 0.43x 1.68x ₩-16.62 Billion
2024 -48.00% -37.01% 0.75x 1.73x ₩-17.60 Billion

Industry Comparison

This section compares POLARIS WORKS Inc's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.

Industry Context

  • Industry: Semiconductor Equipment & Materials
  • Average net assets among peers: $130,386,998,078
  • Average return on equity (ROE) among peers: 5.26%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
POLARIS WORKS Inc (123010) ₩30.07 Billion 35.98% 0.73x $50.76 Million
D I Corp (003160) $144.08 Billion 7.22% 0.46x $374.31 Million
Samick Thk (004380) $130.41 Billion 13.26% 0.58x $110.54 Million
PSMC CO. Ltd (024850) $42.19 Billion 0.00% 0.66x $811.85 Million
Mirae Corporation (025560) $84.64 Billion 8.85% 0.39x $20.04 Million
KC Co. Ltd (029460) $200.11 Billion 7.66% 0.26x $215.10 Million
MK Electron Co. Ltd (033160) $250.27 Billion 13.09% 4.33x $205.26 Million
Signetics Corporation (033170) $117.94 Billion -13.08% 0.30x $20.57 Million
Nepes Corporation (033640) $176.80 Billion -22.44% 5.25x $236.90 Million
EO Technics Co. Ltd (039030) $93.56 Billion 12.08% 0.41x $2.47 Billion
STI Co. Ltd (039440) $63.87 Billion 25.92% 1.26x $219.22 Million

About POLARIS WORKS Inc

KQ:123010 Korea Semiconductor Equipment & Materials
Market Cap
$50.76 Million
₩74.89 Billion KRW
Market Cap Rank
#21759 Global
#1278 in Korea
Share Price
₩2310.00
Change (1 day)
-1.49%
52-Week Range
₩689.00 - ₩3125.00
All Time High
₩8906.96
Categories
Companies in Korea Semiconductor Equipment & Materials Technology AI & Machine Learning
About

iWIN PLUS CO.,LTD., together with its subsidiaries, provides image sensor packaging and testing solutions in South Korea, Taiwan, China, Germany, and internationally. It operates in three segments: Image Sensor, Automobile Parts, and Mobile Phone Parts. The company offers NeoPac, a photo sensor chip scale package for application in image sensors. It also develops and sells semiconductor chips for… Read more