BusinessOn Communication Co. Ltd
BusinessOn Communication Co., Ltd engages in the software application development business in the South Korea. The company offers electronic document and e-commerce services, including electronic contracts, supply chain management, and receivables management services for small and medium-sized enterprises. It also provides electronic tax invoice and signature, attendance and human resources manag… Read more
BusinessOn Communication Co. Ltd (138580) - Net Assets
Latest net assets as of June 2024: ₩79.21 Billion KRW
Based on the latest financial reports, BusinessOn Communication Co. Ltd (138580) has net assets worth ₩79.21 Billion KRW as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩105.26 Billion) and total liabilities (₩26.05 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩79.21 Billion |
| % of Total Assets | 75.25% |
| Annual Growth Rate | 33.64% |
| 5-Year Change | 95.47% |
| 10-Year Change | N/A |
| Growth Volatility | 71.8 |
BusinessOn Communication Co. Ltd - Net Assets Trend (2015–2023)
This chart illustrates how BusinessOn Communication Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BusinessOn Communication Co. Ltd (2015–2023)
The table below shows the annual net assets of BusinessOn Communication Co. Ltd from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ₩72.86 Billion | +7.94% |
| 2022-12-31 | ₩67.50 Billion | +6.69% |
| 2021-12-31 | ₩63.27 Billion | +3.19% |
| 2020-12-31 | ₩61.31 Billion | +64.51% |
| 2019-12-31 | ₩37.27 Billion | +5.27% |
| 2018-12-31 | ₩35.41 Billion | +10.60% |
| 2017-12-31 | ₩32.01 Billion | +227.87% |
| 2016-12-31 | ₩9.76 Billion | +36.33% |
| 2015-12-31 | ₩7.16 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BusinessOn Communication 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 6711.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩65.85 Billion | 92.66% |
| Other Components | ₩5.22 Billion | 7.34% |
| Total Equity | ₩71.07 Billion | 100.00% |
BusinessOn Communication Co. Ltd Competitors by Market Cap
The table below lists competitors of BusinessOn Communication Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pacific Edge Limited
PINK:PFGTF
|
$69.34 Million |
|
Action Electronics Co Ltd
TW:3024
|
$69.35 Million |
|
SA Catana Group
PA:CATG
|
$69.35 Million |
|
P/F BankNordik
CO:BNORDIK-CSE
|
$69.40 Million |
|
East Tender Opto
TWO:6588
|
$69.33 Million |
|
Gen Ilac ve Saglik Urunleri Sanayi ve Ticaret AS
IS:GENIL
|
$69.33 Million |
|
Socovesa
SN:SOCOVESA
|
$69.32 Million |
|
S H Kelkar and Company Limited
NSE:SHK
|
$69.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BusinessOn Communication Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 67,497,453,060 to 71,070,204,000, a change of 3,572,750,940 (5.3%).
- Net income of 15,140,284,000 contributed positively to equity growth.
- Dividend payments of 898,147,000 reduced retained earnings.
- Share repurchases of 1,621,978,250 reduced equity.
- New share issuances of 5,553,703,610 increased equity.
- Other factors decreased equity by 14,601,111,420.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩15.14 Billion | +21.3% |
| Dividends Paid | ₩898.15 Million | -1.26% |
| Share Repurchases | ₩1.62 Billion | -2.28% |
| Share Issuances | ₩5.55 Billion | +7.81% |
| Other Changes | ₩-14.60 Billion | -20.54% |
| Total Change | ₩- | 5.29% |
Book Value vs Market Value Analysis
This analysis compares BusinessOn Communication 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: 5.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 24.64x to 5.01x 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 | ₩643.21 | ₩15850.00 | x |
| 2017-12-31 | ₩1676.94 | ₩15850.00 | x |
| 2018-12-31 | ₩1854.75 | ₩15850.00 | x |
| 2019-12-31 | ₩1952.41 | ₩15850.00 | x |
| 2020-12-31 | ₩2736.56 | ₩15850.00 | x |
| 2021-12-31 | ₩2829.55 | ₩15850.00 | x |
| 2022-12-31 | ₩3069.84 | ₩15850.00 | x |
| 2023-12-31 | ₩3163.84 | ₩15850.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BusinessOn Communication 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): 21.30%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.64%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.40x
- Recent ROE (21.30%) is above the historical average (19.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 53.47% | 33.08% | 0.95x | 1.70x | ₩3.11 Billion |
| 2016 | 26.89% | 22.42% | 0.70x | 1.72x | ₩1.65 Billion |
| 2017 | 16.55% | 39.36% | 0.37x | 1.12x | ₩2.10 Billion |
| 2018 | 14.95% | 35.20% | 0.38x | 1.12x | ₩1.75 Billion |
| 2019 | 11.83% | 28.14% | 0.24x | 1.72x | ₩683.88 Million |
| 2020 | 5.01% | 16.67% | 0.26x | 1.16x | ₩-3.06 Billion |
| 2021 | 9.86% | 18.61% | 0.46x | 1.16x | ₩-88.38 Million |
| 2022 | 16.31% | 25.07% | 0.46x | 1.42x | ₩4.26 Billion |
| 2023 | 21.30% | 29.64% | 0.51x | 1.40x | ₩8.03 Billion |
Industry Comparison
This section compares BusinessOn Communication Co. Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $45,786,090,292
- Average return on equity (ROE) among peers: -4.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BusinessOn Communication Co. Ltd (138580) | ₩79.21 Billion | 53.47% | 0.33x | $69.33 Million |
| Douzone Bizon Co Ltd (012510) | $82.16 Billion | 20.47% | 1.34x | $1.46 Billion |
| NuriFlex Co.Ltd (040160) | $60.32 Billion | 2.29% | 0.53x | $46.47 Million |
| Raonsecure Co. Ltd (042510) | $50.48 Billion | 7.96% | 0.42x | $39.59 Million |
| Osangjaiel Co. Ltd (053980) | $35.39 Billion | 4.33% | 0.74x | $26.27 Million |
| Emro Inc. (058970) | $11.53 Billion | 8.73% | 1.15x | $159.67 Million |
| LONGTU KOREA Inc (060240) | $3.59 Billion | 0.00% | 5.53x | $3.02 Million |
| Younglimwon Soft Lab Co. Ltd. (060850) | $4.11 Billion | -86.33% | 4.58x | $23.73 Million |
| Gemvaxlink Co. Ltd (064800) | $169.44 Billion | -11.42% | 0.21x | $44.93 Million |
| 088340 (088340) | $8.99 Billion | 9.77% | 1.57x | $20.38 Million |
| Mobileleader Co.Ltd (100030) | $31.85 Billion | 0.00% | 0.11x | $19.75 Million |