Winhitech Co Ltd
Winhitech Co., Ltd. engages in the manufacture, sale, and installation of steel construction materials in Korea. The company offers steel integrated, power-coated, stripping, composite, flat, ribbed, fire-resistant, and QL and form deck plates; void slab systems; and non-dismantled beam formworks. It also acquires, develops, manages, leases, and sells real estate properties; and constructs reside… Read more
Winhitech Co Ltd (192390) - Net Assets
Latest net assets as of September 2025: ₩74.21 Billion KRW
Based on the latest financial reports, Winhitech Co Ltd (192390) has net assets worth ₩74.21 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩151.89 Billion) and total liabilities (₩77.68 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 | ₩74.21 Billion |
| % of Total Assets | 48.86% |
| Annual Growth Rate | 5.89% |
| 5-Year Change | 46.15% |
| 10-Year Change | 57.92% |
| Growth Volatility | 6.6 |
Winhitech Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Winhitech 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 Winhitech Co Ltd (2014–2024)
The table below shows the annual net assets of Winhitech Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩77.09 Billion | +10.55% |
| 2023-12-31 | ₩69.73 Billion | +11.89% |
| 2022-12-31 | ₩62.32 Billion | +11.21% |
| 2021-12-31 | ₩56.04 Billion | +6.25% |
| 2020-12-31 | ₩52.75 Billion | +0.91% |
| 2019-12-31 | ₩52.27 Billion | -8.68% |
| 2018-12-31 | ₩57.24 Billion | +10.36% |
| 2017-12-31 | ₩51.87 Billion | +7.54% |
| 2016-12-31 | ₩48.23 Billion | -1.19% |
| 2015-12-31 | ₩48.81 Billion | +12.19% |
| 2014-12-31 | ₩43.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Winhitech 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 137.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩47.75 Billion | 61.94% |
| Common Stock | ₩5.52 Billion | 7.16% |
| Other Components | ₩23.83 Billion | 30.91% |
| Total Equity | ₩77.09 Billion | 100.00% |
Winhitech Co Ltd Competitors by Market Cap
The table below lists competitors of Winhitech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Satcom Systems Ltd
TA:STCM
|
$8.15 Million |
|
Connexion Mobility Ltd
AU:CXZ
|
$8.16 Million |
|
Cadoux Ltd
AU:CCM
|
$8.16 Million |
|
Rama Phosphates Limited
NSE:RAMAPHO
|
$8.16 Million |
|
Makmur Berkah Amanda Pt
JK:AMAN
|
$8.15 Million |
|
Cuhadaroglu Metal Sanayi ve Pazarlama AS
IS:CUSAN
|
$8.15 Million |
|
Rodrigo Tekstil Sanayi ve Ticaret AS
IS:RODRG
|
$8.15 Million |
|
VD ASSUR HLDG N -B- (VAHB.SG)
STU:VAHB
|
$8.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Winhitech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 69,730,949,830 to 77,088,683,760, a change of 7,357,733,930 (10.6%).
- Net income of 7,773,738,000 contributed positively to equity growth.
- Dividend payments of 655,499,460 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩7.77 Billion | +10.08% |
| Dividends Paid | ₩655.50 Million | -0.85% |
| Other Changes | ₩239.50 Million | +0.31% |
| Total Change | ₩- | 10.55% |
Book Value vs Market Value Analysis
This analysis compares Winhitech 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: 0.29x
- 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 0.41x to 0.29x 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 | ₩5042.29 | ₩2060.00 | x |
| 2017-12-31 | ₩5422.36 | ₩2060.00 | x |
| 2018-12-31 | ₩5983.88 | ₩2060.00 | x |
| 2019-12-31 | ₩5134.35 | ₩2060.00 | x |
| 2020-12-31 | ₩5233.66 | ₩2060.00 | x |
| 2021-12-31 | ₩5258.52 | ₩2060.00 | x |
| 2022-12-31 | ₩5847.75 | ₩2060.00 | x |
| 2023-12-31 | ₩6494.26 | ₩2060.00 | x |
| 2024-12-31 | ₩6987.59 | ₩2060.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Winhitech 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): 10.08%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.93%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.84x
- Recent ROE (10.08%) is above the historical average (6.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 15.80% | 11.81% | 1.10x | 1.21x | ₩2.52 Billion |
| 2015 | 13.38% | 11.20% | 0.99x | 1.21x | ₩1.65 Billion |
| 2016 | 3.35% | 2.50% | 1.10x | 1.22x | ₩-3.21 Billion |
| 2017 | 7.46% | 5.64% | 0.67x | 1.98x | ₩-1.32 Billion |
| 2018 | 11.19% | 6.72% | 0.76x | 2.18x | ₩678.86 Million |
| 2019 | -12.68% | -7.84% | 0.75x | 2.16x | ₩-11.86 Billion |
| 2020 | 1.60% | 1.11% | 0.79x | 1.83x | ₩-4.43 Billion |
| 2021 | -0.23% | -0.14% | 0.79x | 2.13x | ₩-5.74 Billion |
| 2022 | 10.10% | 5.39% | 0.80x | 2.34x | ₩59.97 Million |
| 2023 | 9.37% | 4.25% | 1.05x | 2.10x | ₩-436.21 Million |
| 2024 | 10.08% | 6.93% | 0.79x | 1.84x | ₩64.87 Million |
Industry Comparison
This section compares Winhitech Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $168,662,328,372
- Average return on equity (ROE) among peers: 7.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winhitech Co Ltd (192390) | ₩74.21 Billion | 15.80% | 1.05x | $8.15 Million |
| Namsun Alumini (008350) | $74.23 Billion | 33.34% | 2.50x | $103.30 Million |
| Namsun Aluminium Co Ltd (008355) | $147.81 Billion | 14.71% | 0.93x | $866.35 Million |
| Dae Chang (012800) | $215.09 Billion | 2.35% | 1.68x | $42.19 Million |
| Sung Kwang Bend Co.Ltd (014620) | $469.07 Billion | 0.97% | 0.13x | $363.40 Million |
| Seowon (021050) | $124.00 Billion | -8.19% | 0.99x | $25.62 Million |
| Lee Ku Ind (025820) | $108.92 Billion | 1.97% | 1.52x | $57.19 Million |
| Nara Mold & Die Co. Ltd (051490) | $73.83 Billion | 5.99% | 1.13x | $23.31 Million |
| Posco C&C Stl (058430) | $204.96 Billion | 15.18% | 0.98x | $79.60 Million |
| Haisung TPC Co. Ltd. (059270) | $39.89 Billion | -1.95% | 0.09x | $56.97 Million |
| Kishin Corporation (092440) | $228.83 Billion | 8.10% | 0.07x | $13.16 Million |