GOLFZON Co. Ltd
GOLFZON Co., Ltd. engages in the manufacture and sale of golf simulators in South Korea and internationally. It offers golf simulators, under the GOLFZON Vision name. It also provides solutions for sports bar and lounge, home and garages, restaurants, and commercial and entertainment spaces. GOLFZON Co., Ltd. was founded in 2000 and is headquartered in Seoul, South Korea.
GOLFZON Co. Ltd (215000) - Net Assets
Latest net assets as of September 2025: ₩467.13 Billion KRW
Based on the latest financial reports, GOLFZON Co. Ltd (215000) has net assets worth ₩467.13 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 (₩643.55 Billion) and total liabilities (₩176.43 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 | ₩467.13 Billion |
| % of Total Assets | 72.59% |
| Annual Growth Rate | 16.98% |
| 5-Year Change | 98.92% |
| 10-Year Change | N/A |
| Growth Volatility | 16.32 |
GOLFZON Co. Ltd - Net Assets Trend (2015–2024)
This chart illustrates how GOLFZON 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 GOLFZON Co. Ltd (2015–2024)
The table below shows the annual net assets of GOLFZON Co. Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩446.70 Billion | +4.94% |
| 2023-12-31 | ₩425.68 Billion | +17.60% |
| 2022-12-31 | ₩361.97 Billion | +25.75% |
| 2021-12-31 | ₩287.85 Billion | +28.18% |
| 2020-12-31 | ₩224.56 Billion | +12.26% |
| 2019-12-31 | ₩200.04 Billion | +2.63% |
| 2018-12-31 | ₩194.92 Billion | +2.99% |
| 2017-12-31 | ₩189.27 Billion | +56.94% |
| 2016-12-31 | ₩120.60 Billion | +10.79% |
| 2015-12-31 | ₩108.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GOLFZON 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 934.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩377.96 Billion | 85.99% |
| Common Stock | ₩3.14 Billion | 0.71% |
| Other Components | ₩58.43 Billion | 13.29% |
| Total Equity | ₩439.53 Billion | 100.00% |
GOLFZON Co. Ltd Competitors by Market Cap
The table below lists competitors of GOLFZON Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Empresas Lipigas S.A.
SN:LIPIGAS
|
$120.71 Million |
|
Tigo Energy Inc.
NASDAQ:TYGO
|
$120.71 Million |
|
Rich Development Co Ltd
TWO:5512
|
$120.75 Million |
|
Geo Energy Resources Limited
PINK:GRYRF
|
$120.77 Million |
|
Kuang Hong Arts Management
TWO:6596
|
$120.62 Million |
|
Recce Pharmaceuticals Ltd
PINK:RECEF
|
$120.60 Million |
|
APAC Resources Limited
F:FZV1
|
$120.60 Million |
|
Globaltek Fabrication Co Ltd
TW:4566
|
$120.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GOLFZON Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 417,326,658,060 to 439,532,887,170, a change of 22,206,229,110 (5.3%).
- Net income of 49,806,676,390 contributed positively to equity growth.
- Dividend payments of 27,581,067,000 reduced retained earnings.
- Share repurchases of 9,994,353,800 reduced equity.
- Other factors increased equity by 9,974,973,520.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩49.81 Billion | +11.33% |
| Dividends Paid | ₩27.58 Billion | -6.28% |
| Share Repurchases | ₩9.99 Billion | -2.27% |
| Other Changes | ₩9.97 Billion | +2.27% |
| Total Change | ₩- | 5.32% |
Book Value vs Market Value Analysis
This analysis compares GOLFZON 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: 0.67x
- 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 2.55x to 0.67x 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 | ₩19227.34 | ₩49050.00 | x |
| 2017-12-31 | ₩30174.49 | ₩49050.00 | x |
| 2018-12-31 | ₩31075.41 | ₩49050.00 | x |
| 2019-12-31 | ₩31892.20 | ₩49050.00 | x |
| 2020-12-31 | ₩35801.34 | ₩49050.00 | x |
| 2021-12-31 | ₩45890.77 | ₩49050.00 | x |
| 2022-12-31 | ₩57708.31 | ₩49050.00 | x |
| 2023-12-31 | ₩68089.10 | ₩49050.00 | x |
| 2024-12-31 | ₩73193.27 | ₩49050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GOLFZON 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): 11.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.03%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.51x
- Recent ROE (11.33%) is below the historical average (22.97%), 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 | 33.56% | 18.13% | 1.13x | 1.64x | ₩25.65 Billion |
| 2016 | 30.30% | 16.84% | 1.15x | 1.56x | ₩24.48 Billion |
| 2017 | 41.91% | 39.64% | 0.79x | 1.34x | ₩60.39 Billion |
| 2018 | 10.48% | 10.28% | 0.78x | 1.30x | ₩927.49 Million |
| 2019 | 8.11% | 6.56% | 0.79x | 1.56x | ₩-3.79 Billion |
| 2020 | 17.04% | 12.82% | 0.81x | 1.64x | ₩15.81 Billion |
| 2021 | 26.51% | 17.33% | 0.91x | 1.68x | ₩47.53 Billion |
| 2022 | 31.42% | 18.42% | 1.05x | 1.63x | ₩77.53 Billion |
| 2023 | 19.05% | 11.61% | 1.07x | 1.53x | ₩37.78 Billion |
| 2024 | 11.33% | 8.03% | 0.93x | 1.51x | ₩5.85 Billion |
Industry Comparison
This section compares GOLFZON Co. Ltd's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $559,228,904,740
- Average return on equity (ROE) among peers: 2.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GOLFZON Co. Ltd (215000) | ₩467.13 Billion | 33.56% | 0.38x | $120.67 Million |
| Barunson Entertainment & Arts Corporation (035620) | $71.65 Billion | -18.60% | 0.74x | $9.06 Million |
| NCsoft Corp (036570) | $1.02 Trillion | 15.27% | 0.29x | $1.64 Billion |
| HANBIT SOFT Inc (047080) | $18.29 Billion | -6.37% | 0.61x | $12.75 Million |
| Actoz Soft Co.Ltd (052790) | $117.07 Billion | -6.06% | 0.28x | $19.68 Million |
| JOYCITY Corporation (067000) | $68.13 Billion | 11.39% | 0.21x | $69.08 Million |
| Com2uS Corporation (078340) | $1.11 Trillion | 3.57% | 0.54x | $171.71 Million |
| SundayToz Corp (123420) | $85.27 Billion | 56.73% | 0.29x | $29.11 Million |
| Nhn Entertain (181710) | $1.77 Trillion | -7.51% | 0.81x | $341.00 Million |
| DoubleU Games Co Ltd (192080) | $1.20 Trillion | 12.46% | 0.08x | $340.72 Million |
| Devsisters corporation (194480) | $134.56 Billion | -36.86% | 0.78x | $194.27 Million |