Winhitech Co Ltd (192390) - Net Assets
Based on the latest financial reports, Winhitech Co Ltd (192390) has net assets worth ₩68.71 Billion KRW (≈ $46.57 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩149.17 Billion ≈ $101.09 Million USD) and total liabilities (₩80.46 Billion ≈ $54.53 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 Winhitech Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩68.71 Billion |
| % of Total Assets | 46.06% |
| Annual Growth Rate | 4.75% |
| 5-Year Change | 29.36% |
| 10-Year Change | 50.3% |
| Growth Volatility | 7.18 |
Winhitech Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Winhitech Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Winhitech Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Winhitech Co Ltd (2014–2025)
The table below shows the annual net assets of Winhitech Co Ltd from 2014 to 2025. For live valuation and market cap data, see Winhitech Co Ltd (192390) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩72.49 Billion ≈ $49.13 Million |
-5.96% |
| 2024-12-31 | ₩77.09 Billion ≈ $52.24 Million |
+10.55% |
| 2023-12-31 | ₩69.73 Billion ≈ $47.26 Million |
+11.89% |
| 2022-12-31 | ₩62.32 Billion ≈ $42.23 Million |
+11.21% |
| 2021-12-31 | ₩56.04 Billion ≈ $37.98 Million |
+6.25% |
| 2020-12-31 | ₩52.75 Billion ≈ $35.74 Million |
+0.91% |
| 2019-12-31 | ₩52.27 Billion ≈ $35.42 Million |
-8.68% |
| 2018-12-31 | ₩57.24 Billion ≈ $38.79 Million |
+10.36% |
| 2017-12-31 | ₩51.87 Billion ≈ $35.15 Million |
+7.54% |
| 2016-12-31 | ₩48.23 Billion ≈ $32.69 Million |
-1.19% |
| 2015-12-31 | ₩48.81 Billion ≈ $33.08 Million |
+12.19% |
| 2014-12-31 | ₩43.51 Billion ≈ $29.49 Million |
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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 102.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩40.76 Billion | 56.22% |
| Other Components | ₩31.74 Billion | 43.78% |
| Total Equity | ₩72.49 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 |
|---|---|
|
Ceres Power Holdings PLC
LSE:CWR
|
$13.56 Million |
|
Gyrodyne Company of America Inc
NASDAQ:GYRO
|
$13.57 Million |
|
OPG POWER VENTURES (OPB.SG)
STU:OPB
|
$13.57 Million |
|
CLEANTEK Industries Inc
V:CTEK
|
$13.57 Million |
|
Oxford Nanopore Technologies Ltd
LSE:ONT
|
$13.56 Million |
|
Malpac Holdings Bhd
KLSE:4936
|
$13.56 Million |
|
Opthea Ltd
AU:OPT
|
$13.55 Million |
|
Nico Resources Ltd
AU:NC1
|
$13.55 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 2024 to 2025, total equity changed from 77,088,683,760 to 72,493,561,000, a change of -4,595,122,760 (-6.0%).
- Net loss of 6,689,547,570 reduced equity.
- Dividend payments of 330,966,870 reduced retained earnings.
- Other factors increased equity by 2,425,391,680.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-6.69 Billion | -9.23% |
| Dividends Paid | ₩330.97 Million | -0.46% |
| Other Changes | ₩2.43 Billion | +3.35% |
| Total Change | ₩- | -5.96% |
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: 0.28x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩5042.29 | ₩1814.00 | x |
| 2017-12-31 | ₩5422.36 | ₩1814.00 | x |
| 2018-12-31 | ₩5983.88 | ₩1814.00 | x |
| 2019-12-31 | ₩5134.35 | ₩1814.00 | x |
| 2020-12-31 | ₩5233.66 | ₩1814.00 | x |
| 2021-12-31 | ₩5258.52 | ₩1814.00 | x |
| 2022-12-31 | ₩5847.75 | ₩1814.00 | x |
| 2023-12-31 | ₩6494.26 | ₩1814.00 | x |
| 2024-12-31 | ₩6987.59 | ₩1814.00 | x |
| 2025-12-31 | ₩6571.07 | ₩1814.00 | 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): -9.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.90%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.11x
- Recent ROE (-9.23%) is below the historical average (5.02%), 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 | 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 |
| 2025 | -9.23% | -8.90% | 0.49x | 2.11x | ₩-13.94 Billion |
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: $160,683,149,448
- Average return on equity (ROE) among peers: -2.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winhitech Co Ltd (192390) | ₩68.71 Billion | 15.80% | 1.17x | $13.56 Million |
| Namsun Alumini (008350) | $189.54 Billion | 5.56% | 0.56x | $105.76 Million |
| Namsun Aluminium Co Ltd (008355) | $74.23 Billion | 33.34% | 2.50x | $2.09 Million |
| Dae Chang (012800) | $185.42 Billion | -10.15% | 2.55x | $65.84 Million |
| Sung Kwang Bend Co.Ltd (014620) | $371.88 Billion | 14.62% | 0.37x | $562.42 Million |
| Daedong Metals Co. Ltd (020400) | $35.98 Billion | 4.24% | 1.95x | $14.67 Million |
| Seowon (021050) | $66.70 Billion | -79.79% | 2.67x | $38.25 Million |
| Lee Ku Ind (025820) | $101.22 Billion | -3.32% | 1.60x | $105.61 Million |
| Essen Tech Co. Ltd (043340) | $30.05 Billion | 6.70% | 0.60x | $51.38 Million |
| Taewoong Co.Ltd (044490) | $475.56 Billion | 1.50% | 0.62x | $539.64 Million |
| Nara Mold & Die Co. Ltd (051490) | $76.24 Billion | 3.31% | 1.24x | $25.11 Million |
About 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