Vessel Co. Ltd (177350) - Net Assets
Based on the latest financial reports, Vessel Co. Ltd (177350) has net assets worth ₩25.48 Billion KRW (≈ $17.27 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩59.98 Billion ≈ $40.65 Million USD) and total liabilities (₩34.49 Billion ≈ $23.38 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 Vessel Co. Ltd total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩25.48 Billion |
| % of Total Assets | 42.49% |
| Annual Growth Rate | 2.12% |
| 5-Year Change | 37.01% |
| 10-Year Change | N/A |
| Growth Volatility | 44.27 |
Vessel Co. Ltd - Net Assets Trend (2014–2023)
This chart illustrates how Vessel Co. Ltd's net assets have evolved over time, based on quarterly financial data. Check Vessel Co. Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Vessel Co. Ltd (2014–2023)
The table below shows the annual net assets of Vessel Co. Ltd from 2014 to 2023. For live valuation and market cap data, see 177350 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ₩26.71 Billion ≈ $18.10 Million |
-14.78% |
| 2022-12-31 | ₩31.35 Billion ≈ $21.24 Million |
-16.30% |
| 2021-12-31 | ₩37.45 Billion ≈ $25.38 Million |
+102.37% |
| 2020-12-31 | ₩18.51 Billion ≈ $12.54 Million |
-5.08% |
| 2019-12-31 | ₩19.50 Billion ≈ $13.21 Million |
-36.16% |
| 2018-12-31 | ₩30.54 Billion ≈ $20.70 Million |
-32.53% |
| 2017-12-31 | ₩45.27 Billion ≈ $30.68 Million |
+6.81% |
| 2016-12-31 | ₩42.38 Billion ≈ $28.72 Million |
+12.68% |
| 2015-12-31 | ₩37.62 Billion ≈ $25.49 Million |
+70.14% |
| 2014-12-31 | ₩22.11 Billion ≈ $14.98 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vessel 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 337.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩52.60 Billion | 198.24% |
| Total Equity | ₩26.53 Billion | 100.00% |
Vessel Co. Ltd Competitors by Market Cap
The table below lists competitors of Vessel Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taitron Components Incorporated
NASDAQ:TAIT
|
$8.47 Million |
|
NORDIC TECH.GRP.NK-00423
F:UA5
|
$8.49 Million |
|
Imunon Inc
NASDAQ:IMNN
|
$8.49 Million |
|
Morien Resources Corp
V:MOX
|
$8.49 Million |
|
Yunhong Green CTI Ltd.
NASDAQ:YHGJ
|
$8.46 Million |
|
Check-Cap Ltd
F:7CC
|
$8.45 Million |
|
ATAM VALVES ORD (BSE)
NSE:ATAM
|
$8.45 Million |
|
Kamdar Group (Malaysia) Bhd
KLSE:8672
|
$8.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vessel Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 31,345,647,430 to 26,534,976,710, a change of -4,810,670,720 (-15.3%).
- Net loss of 24,009,048,740 reduced equity.
- New share issuances of 15,199,909,720 increased equity.
- Other factors increased equity by 3,998,468,300.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-24.01 Billion | -90.48% |
| Share Issuances | ₩15.20 Billion | +57.28% |
| Other Changes | ₩4.00 Billion | +15.07% |
| Total Change | ₩- | -15.35% |
Book Value vs Market Value Analysis
This analysis compares Vessel 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: 2.10x
- 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 0.18x to 2.10x 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 | ₩3786.80 | ₩700.00 | x |
| 2017-12-31 | ₩4101.02 | ₩700.00 | x |
| 2018-12-31 | ₩2923.75 | ₩700.00 | x |
| 2019-12-31 | ₩1866.45 | ₩700.00 | x |
| 2020-12-31 | ₩1771.65 | ₩700.00 | x |
| 2021-12-31 | ₩2936.63 | ₩700.00 | x |
| 2022-12-31 | ₩2304.37 | ₩700.00 | x |
| 2023-12-31 | ₩332.86 | ₩700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vessel 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): -90.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -91.86%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.74x
- Recent ROE (-90.48%) is below the historical average (-8.05%), 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 | 45.19% | 10.60% | 1.14x | 3.74x | ₩4.72 Billion |
| 2015 | 19.09% | 13.62% | 0.78x | 1.79x | ₩3.42 Billion |
| 2016 | 9.88% | 9.52% | 0.58x | 1.80x | ₩-51.14 Million |
| 2017 | 11.07% | 6.22% | 0.83x | 2.16x | ₩485.99 Million |
| 2018 | 4.20% | 1.69% | 0.89x | 2.79x | ₩-1.77 Billion |
| 2019 | -56.66% | -26.09% | 0.49x | 4.42x | ₩-13.00 Billion |
| 2020 | -5.39% | -1.41% | 1.16x | 3.30x | ₩-2.85 Billion |
| 2021 | 21.32% | 32.41% | 0.26x | 2.49x | ₩4.24 Billion |
| 2022 | -38.72% | -27.50% | 0.52x | 2.70x | ₩-15.27 Billion |
| 2023 | -90.48% | -91.86% | 0.36x | 2.74x | ₩-26.66 Billion |
Industry Comparison
This section compares Vessel Co. Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $904,250,892,447
- Average return on equity (ROE) among peers: 7.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vessel Co. Ltd (177350) | ₩25.48 Billion | 45.19% | 1.35x | $8.46 Million |
| SK Hynix Inc (000660) | $5.55 Trillion | 0.00% | 2.83x | $1.02 Trillion |
| DB HiTek Co Ltd (000990) | $1.64 Trillion | 33.95% | 0.30x | $3.25 Billion |
| Kec Holdings (006200) | $386.12 Billion | -0.75% | 0.30x | $75.64 Million |
| Charm Engine (009310) | $93.73 Billion | 12.45% | 3.37x | $15.73 Million |
| Auk Corp (017900) | $203.21 Billion | -2.56% | 0.18x | $228.68 Million |
| SFA Semicon Co. Ltd (036540) | $161.17 Billion | 0.00% | 1.57x | $594.47 Million |
| Simmtech Holdings Co. Ltd (036710) | $129.28 Billion | 0.53% | 5.50x | $122.94 Million |
| Fine Semitech Corp (036810) | $79.58 Billion | 12.26% | 0.69x | $315.29 Million |
| Seoul Semiconductor Co. Ltd (046890) | $701.03 Billion | -0.72% | 0.80x | $384.38 Million |
| Kona I Co.Ltd (052400) | $96.04 Billion | 19.82% | 6.17x | $437.73 Million |
About Vessel Co. Ltd
Vessel Co., Ltd., together with its subsidiaries, engages in the developing, manufacturing, and selling LCD and semiconductor-related equipment in South Korea, China, and Japan. It is also involved in the manufacturing and processing of plastic adhesives; and provision of engineering services. The company was founded in 2004 and is headquartered in Suwon-si, South Korea.