Devsisters corporation (194480) - Net Assets
Based on the latest financial reports, Devsisters corporation (194480) has net assets worth ₩180.42 Billion KRW (≈ $122.27 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 (₩322.33 Billion ≈ $218.44 Million USD) and total liabilities (₩141.91 Billion ≈ $96.17 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 tangible equity quality of Devsisters corporation to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩180.42 Billion |
| % of Total Assets | 55.97% |
| Annual Growth Rate | -2.34% |
| 5-Year Change | 50.38% |
| 10-Year Change | -0.92% |
| Growth Volatility | 23.48 |
Devsisters corporation - Net Assets Trend (2014–2024)
This chart illustrates how Devsisters corporation's net assets have evolved over time, based on quarterly financial data. See Devsisters corporation defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Devsisters corporation (2014–2024)
The table below shows the annual net assets of Devsisters corporation from 2014 to 2024. For live valuation and market cap data, see 194480 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩154.15 Billion ≈ $104.46 Million |
+14.56% |
| 2023-12-31 | ₩134.56 Billion ≈ $91.19 Million |
-25.21% |
| 2022-12-31 | ₩179.91 Billion ≈ $121.92 Million |
+8.84% |
| 2021-12-31 | ₩165.30 Billion ≈ $112.02 Million |
+61.26% |
| 2020-12-31 | ₩102.51 Billion ≈ $69.47 Million |
-0.50% |
| 2019-12-31 | ₩103.03 Billion ≈ $69.82 Million |
-11.91% |
| 2018-12-31 | ₩116.95 Billion ≈ $79.26 Million |
-13.26% |
| 2017-12-31 | ₩134.84 Billion ≈ $91.38 Million |
-8.55% |
| 2016-12-31 | ₩147.44 Billion ≈ $99.92 Million |
-5.23% |
| 2015-12-31 | ₩155.58 Billion ≈ $105.44 Million |
-20.35% |
| 2014-12-31 | ₩195.34 Billion ≈ $132.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Devsisters corporation'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 62.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩18.14 Billion | 12.01% |
| Common Stock | ₩6.02 Billion | 3.98% |
| Other Components | ₩126.92 Billion | 84.01% |
| Total Equity | ₩151.08 Billion | 100.00% |
Devsisters corporation Competitors by Market Cap
The table below lists competitors of Devsisters corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tander Inversiones SOCIMI SA
MC:YTAN
|
$113.43 Million |
|
William Penn Bancorp Inc
NASDAQ:WMPN
|
$113.45 Million |
|
GENOR BIOPHARMA DL-00002
F:67N0
|
$113.47 Million |
|
Red Star Macalline Group Corporation Ltd
F:3S5
|
$113.53 Million |
|
Ramaco Resources Inc.
NASDAQ:METCB
|
$113.36 Million |
|
Capital Appreciation Ltd
JSE:CTA
|
$113.35 Million |
|
Indústrias Romi S.A
SA:ROMI3
|
$113.35 Million |
|
King Polytechnic Engineering Co Ltd
TWO:6122
|
$113.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Devsisters corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 132,542,153,530 to 151,082,145,930, a change of 18,539,992,400 (14.0%).
- Net income of 27,970,756,230 contributed positively to equity growth.
- Share repurchases of 446,510,000 reduced equity.
- New share issuances of 446,510,000 increased equity.
- Other factors decreased equity by 9,430,763,830.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩27.97 Billion | +18.51% |
| Share Repurchases | ₩446.51 Million | -0.3% |
| Share Issuances | ₩446.51 Million | +0.3% |
| Other Changes | ₩-9.43 Billion | -6.24% |
| Total Change | ₩- | 13.99% |
Book Value vs Market Value Analysis
This analysis compares Devsisters corporation'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: 1.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩14967.41 | ₩15260.00 | x |
| 2017-12-31 | ₩13600.82 | ₩15260.00 | x |
| 2018-12-31 | ₩11735.32 | ₩15260.00 | x |
| 2019-12-31 | ₩10337.68 | ₩15260.00 | x |
| 2020-12-31 | ₩10285.53 | ₩15260.00 | x |
| 2021-12-31 | ₩15641.62 | ₩15260.00 | x |
| 2022-12-31 | ₩16951.01 | ₩15260.00 | x |
| 2023-12-31 | ₩12332.04 | ₩15260.00 | x |
| 2024-12-31 | ₩13992.84 | ₩15260.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Devsisters corporation 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): 18.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.84%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.72x
- Recent ROE (18.51%) is above the historical average (-2.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 16.02% | 45.04% | 0.34x | 1.04x | ₩11.77 Billion |
| 2015 | -0.59% | -4.72% | 0.12x | 1.01x | ₩-16.48 Billion |
| 2016 | -6.68% | -64.71% | 0.10x | 1.02x | ₩-24.59 Billion |
| 2017 | -13.88% | -109.10% | 0.12x | 1.11x | ₩-32.21 Billion |
| 2018 | -15.42% | -50.51% | 0.26x | 1.16x | ₩-29.73 Billion |
| 2019 | -12.92% | -35.40% | 0.30x | 1.20x | ₩-23.61 Billion |
| 2020 | -5.75% | -8.36% | 0.53x | 1.29x | ₩-16.14 Billion |
| 2021 | 36.54% | 16.35% | 1.35x | 1.66x | ₩43.87 Billion |
| 2022 | -3.72% | -3.12% | 0.71x | 1.67x | ₩-24.68 Billion |
| 2023 | -37.42% | -30.78% | 0.67x | 1.81x | ₩-62.85 Billion |
| 2024 | 18.51% | 11.84% | 0.91x | 1.72x | ₩12.86 Billion |
Industry Comparison
This section compares Devsisters corporation's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $849,712,740,157
- Average return on equity (ROE) among peers: 8.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Devsisters corporation (194480) | ₩180.42 Billion | 16.02% | 0.79x | $113.39 Million |
| Barunson Entertainment & Arts Corporation (035620) | $32.75 Billion | 86.58% | 1.10x | $12.77 Million |
| NCsoft Corp (036570) | $3.14 Trillion | 18.68% | 0.30x | $3.44 Billion |
| HANBIT SOFT Inc (047080) | $15.55 Billion | -60.47% | 1.04x | $22.69 Million |
| Actoz Soft Co.Ltd (052790) | $87.30 Billion | 9.10% | 0.39x | $32.43 Million |
| JOYCITY Corporation (067000) | $98.88 Billion | 3.23% | 1.50x | $51.73 Million |
| Com2uS Corporation (078340) | $973.26 Billion | 8.26% | 0.08x | $201.66 Million |
| SundayToz Corp (123420) | $228.17 Billion | 1.89% | 0.72x | $44.69 Million |
| Nhn Entertain (181710) | $1.51 Trillion | 0.83% | 0.22x | $819.44 Million |
| DoubleU Games Co Ltd (192080) | $1.56 Trillion | 12.03% | 0.06x | $893.70 Million |
About Devsisters corporation
Devsisters corporation engages in the development of mobile games in South Korea and internationally. The company offers virtual reality, mobile, PC, and console gaming services. Devsisters corporation was founded in 2007 and is headquartered in Seoul, South Korea.