GRITEE Inc Net Assets
GRITEE Inc net assets. Based on the latest financial reports, GRITEE Inc (204020) has net assets worth ₩83.45 Billion KRW (≈ $56.55 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩142.25 Billion ≈ $96.40 Million USD) and total liabilities (₩58.81 Billion ≈ $39.85 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 GRITEE Inc equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩83.45 Billion |
| % of Total Assets | 58.66% |
| Annual Growth Rate | 6.23% |
| 5-Year Change | 25.02% |
| 10-Year Change | 70.96% |
| Growth Volatility | 10.78 |
Net Assets of GRITEE Inc (2015–2025)
Net assets of GRITEE Inc from 2015 to 2025. This chart illustrates how GRITEE Inc's net assets have evolved over time, based on quarterly financial data. See 204020 equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for GRITEE Inc (2015–2025)
The table below shows the annual net assets of GRITEE Inc from 2015 to 2025. For live market cap and overall valuation, see 204020 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩83.45 Billion ≈ $56.55 Million |
+2.17% |
| 2024-12-31 | ₩81.67 Billion ≈ $55.35 Million |
+7.87% |
| 2023-12-31 | ₩75.71 Billion ≈ $51.31 Million |
+10.25% |
| 2022-12-31 | ₩68.68 Billion ≈ $46.54 Million |
+2.89% |
| 2021-12-31 | ₩66.75 Billion ≈ $45.23 Million |
-7.28% |
| 2020-12-31 | ₩71.99 Billion ≈ $48.79 Million |
-2.84% |
| 2019-12-31 | ₩74.10 Billion ≈ $50.21 Million |
-0.30% |
| 2018-12-31 | ₩74.32 Billion ≈ $50.37 Million |
+33.64% |
| 2017-12-31 | ₩55.61 Billion ≈ $37.69 Million |
+13.93% |
| 2016-12-31 | ₩48.81 Billion ≈ $33.08 Million |
+7.01% |
| 2015-12-31 | ₩45.61 Billion ≈ $30.91 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to GRITEE Inc'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 45.5% over the analyzed period, indicating profitable operations and earnings retention.
GRITEE Inc Net Assets Breakdown (December 2025)
GRITEE Inc net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩50.93 Billion | 60.67% |
| Other Components | ₩33.01 Billion | 39.33% |
| Total Equity | ₩83.94 Billion | 100.00% |
GRITEE Inc Competitors by Market Cap
The table below lists competitors of GRITEE Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DigiCAP Co. Ltd
KQ:197140
|
$21.22 Million |
|
Union Materials Corp
KO:047400
|
$21.23 Million |
|
Diagnos Laboratorium Utama PT Tbk
JK:DGNS
|
$21.24 Million |
|
Sah Polymers Limited
NSE:SAH
|
$21.26 Million |
|
SD SYSTEM Co. Ltd
KQ:121890
|
$21.21 Million |
|
PPK Group Ltd
AU:PPK
|
$21.20 Million |
|
ALUMEXX N.V. NAM. EO-10
F:NE8F
|
$21.17 Million |
|
Sangji Caelum Inc
KQ:042940
|
$21.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GRITEE Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 81,671,366,110 to 83,939,636,440, a change of 2,268,270,330 (2.8%).
- Net income of 4,694,525,280 contributed positively to equity growth.
- Dividend payments of 2,136,345,420 reduced retained earnings.
- Share repurchases of 276,339,510 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩4.69 Billion | +5.59% |
| Dividends Paid | ₩2.14 Billion | -2.55% |
| Share Repurchases | ₩276.34 Million | -0.33% |
| Other Changes | ₩-13.57 Million | -0.02% |
| Total Change | ₩- | 2.78% |
Book Value vs Market Value Analysis
This analysis compares GRITEE Inc'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: 0.37x
- 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 0.57x to 0.37x 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 | ₩2830.53 | ₩1620.00 | x |
| 2017-12-31 | ₩3224.95 | ₩1620.00 | x |
| 2018-12-31 | ₩3688.85 | ₩1620.00 | x |
| 2019-12-31 | ₩3677.70 | ₩1620.00 | x |
| 2020-12-31 | ₩3786.60 | ₩1620.00 | x |
| 2021-12-31 | ₩3333.78 | ₩1620.00 | x |
| 2022-12-31 | ₩3430.04 | ₩1620.00 | x |
| 2023-12-31 | ₩3802.18 | ₩1620.00 | x |
| 2024-12-31 | ₩4205.24 | ₩1620.00 | x |
| 2025-12-31 | ₩4343.56 | ₩1620.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GRITEE Inc 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): 5.59%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.33%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 1.69x
- Recent ROE (5.59%) is below the historical average (6.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 12.83% | 5.71% | 1.84x | 1.22x | ₩1.29 Billion |
| 2016 | 7.24% | 3.35% | 1.63x | 1.33x | ₩-1.35 Billion |
| 2017 | 14.25% | 6.30% | 1.72x | 1.32x | ₩2.36 Billion |
| 2018 | 6.90% | 4.30% | 1.25x | 1.29x | ₩-2.30 Billion |
| 2019 | 2.43% | 1.46% | 1.34x | 1.24x | ₩-5.61 Billion |
| 2020 | 1.33% | 0.78% | 1.41x | 1.21x | ₩-6.24 Billion |
| 2021 | -10.26% | -6.30% | 1.26x | 1.30x | ₩-13.53 Billion |
| 2022 | 2.95% | 1.41% | 1.62x | 1.29x | ₩-4.84 Billion |
| 2023 | 11.15% | 4.82% | 1.87x | 1.23x | ₩874.20 Million |
| 2024 | 11.90% | 4.99% | 1.89x | 1.26x | ₩1.55 Billion |
| 2025 | 5.59% | 2.33% | 1.42x | 1.69x | ₩-3.70 Billion |
Industry Comparison
This section compares GRITEE Inc's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $175,534,251,190
- Average return on equity (ROE) among peers: -0.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GRITEE Inc (204020) | ₩83.45 Billion | 12.83% | 0.70x | $21.22 Million |
| Shinsegae Inte (031430) | $449.69 Billion | 4.55% | 0.97x | $229.04 Million |
| Daewoo SBI SPAC 1 (215480) | $20.57 Billion | 2.67% | 0.52x | $10.95 Million |
| Castelbajac Co. Ltd (308100) | $56.34 Billion | -7.99% | 0.71x | $4.86 Million |
About GRITEE Inc
GRITEE, Inc., together with its subsidiaries, engages in the manufacture and sale of apparel in South Korea and China. It also manufactures, wholesales, and retails underwear under the Wonderbra and Playtex brand names. The company was formerly known as MCorset, Inc. GRITEE, Inc. was founded in 1999 and is headquartered in Seoul, Korea.