Tongyang Pile Inc (228340) - Net Assets
Based on the latest financial reports, Tongyang Pile Inc (228340) has net assets worth ₩118.80 Billion KRW (≈ $80.51 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 (₩124.29 Billion ≈ $84.23 Million USD) and total liabilities (₩5.49 Billion ≈ $3.72 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 Tongyang Pile Inc (228340) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩118.80 Billion |
| % of Total Assets | 95.58% |
| Annual Growth Rate | 5.54% |
| 5-Year Change | 6.2% |
| 10-Year Change | N/A |
| Growth Volatility | 29.31 |
Tongyang Pile Inc - Net Assets Trend (2015–2024)
This chart illustrates how Tongyang Pile Inc's net assets have evolved over time, based on quarterly financial data. See how many days can Tongyang Pile Inc fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tongyang Pile Inc (2015–2024)
The table below shows the annual net assets of Tongyang Pile Inc from 2015 to 2024. For live valuation and market cap data, see Tongyang Pile Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩122.80 Billion ≈ $83.22 Million |
-4.13% |
| 2023-12-31 | ₩128.08 Billion ≈ $86.80 Million |
+4.20% |
| 2022-12-31 | ₩122.91 Billion ≈ $83.30 Million |
+4.14% |
| 2021-12-31 | ₩118.03 Billion ≈ $79.99 Million |
+2.07% |
| 2020-12-31 | ₩115.63 Billion ≈ $78.36 Million |
-5.41% |
| 2019-12-31 | ₩122.25 Billion ≈ $82.84 Million |
-11.11% |
| 2018-12-31 | ₩137.52 Billion ≈ $93.20 Million |
-6.38% |
| 2017-12-31 | ₩146.89 Billion ≈ $99.55 Million |
+2.23% |
| 2016-12-31 | ₩143.69 Billion ≈ $97.38 Million |
+90.09% |
| 2015-12-31 | ₩75.59 Billion ≈ $51.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tongyang Pile 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 21.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩44.11 Billion | 35.92% |
| Common Stock | ₩10.00 Billion | 8.14% |
| Other Components | ₩68.69 Billion | 55.94% |
| Total Equity | ₩122.80 Billion | 100.00% |
Tongyang Pile Inc Competitors by Market Cap
The table below lists competitors of Tongyang Pile Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chembond Chemicals Ltd
NSE:CHEMBOND
|
$25.67 Million |
|
Finbond Group Ltd
JSE:FGL
|
$25.68 Million |
|
Bellway PLC
LSE:BWY
|
$25.69 Million |
|
Eminent Gold Corp
V:EMNT
|
$25.70 Million |
|
Grande Group Limited Class A Ordinary Shares
NASDAQ:GRAN
|
$25.65 Million |
|
Control Bionics Ltd
AU:CBL
|
$25.65 Million |
|
OSK Ventures International Bhd
KLSE:0053
|
$25.65 Million |
|
Advanced Connection Technology
TWO:3492
|
$25.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongyang Pile Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 128,081,693,690 to 122,795,161,180, a change of -5,286,532,510 (-4.1%).
- Net loss of 5,272,778,480 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-5.27 Billion | -4.29% |
| Other Changes | ₩-13.75 Million | -0.01% |
| Total Change | ₩- | -4.13% |
Book Value vs Market Value Analysis
This analysis compares Tongyang Pile 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: 0.31x
- 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 | ₩7184.68 | ₩1893.00 | x |
| 2017-12-31 | ₩7344.71 | ₩1893.00 | x |
| 2018-12-31 | ₩6876.15 | ₩1893.00 | x |
| 2019-12-31 | ₩6112.30 | ₩1893.00 | x |
| 2020-12-31 | ₩5781.59 | ₩1893.00 | x |
| 2021-12-31 | ₩5901.42 | ₩1893.00 | x |
| 2022-12-31 | ₩6145.72 | ₩1893.00 | x |
| 2023-12-31 | ₩6404.08 | ₩1893.00 | x |
| 2024-12-31 | ₩6139.76 | ₩1893.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongyang Pile 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): -4.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.32%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.05x
- Recent ROE (-4.29%) is below the historical average (4.11%), 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 | 32.76% | 21.42% | 0.71x | 2.16x | ₩17.21 Billion |
| 2016 | 19.81% | 23.54% | 0.64x | 1.31x | ₩14.10 Billion |
| 2017 | 5.61% | 9.31% | 0.55x | 1.09x | ₩-6.44 Billion |
| 2018 | -4.64% | -9.38% | 0.46x | 1.08x | ₩-20.13 Billion |
| 2019 | -12.47% | -28.68% | 0.41x | 1.06x | ₩-27.47 Billion |
| 2020 | -5.71% | -14.06% | 0.38x | 1.06x | ₩-18.17 Billion |
| 2021 | 2.02% | 3.43% | 0.55x | 1.07x | ₩-9.42 Billion |
| 2022 | 3.99% | 6.76% | 0.56x | 1.05x | ₩-7.38 Billion |
| 2023 | 4.03% | 7.27% | 0.53x | 1.06x | ₩-7.64 Billion |
| 2024 | -4.29% | -9.32% | 0.44x | 1.05x | ₩-17.55 Billion |
Industry Comparison
This section compares Tongyang Pile Inc's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $521,291,515,563
- Average return on equity (ROE) among peers: -3.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongyang Pile Inc (228340) | ₩118.80 Billion | 32.76% | 0.05x | $25.66 Million |
| Chosun Refractories Co Ltd (000480) | $517.79 Billion | 5.36% | 0.99x | $132.94 Million |
| Union Corporation (000910) | $193.58 Billion | 2.80% | 0.36x | $33.06 Million |
| Tongyang (001520) | $779.59 Billion | -3.01% | 0.28x | $72.67 Million |
| Tongyang Inc (001525) | $862.69 Billion | 2.82% | 0.16x | $664.01 Million |
| Tongyang Inc (001527) | $834.11 Billion | 0.40% | 0.17x | $1.13 Million |
| Asia Cement (002030) | $652.87 Billion | 2.60% | 0.54x | $208.69 Million |
| Hanil Cement Co Ltd (003300) | $934.74 Billion | 6.34% | 0.19x | $361.88 Million |
| Korea Petroleum Industries Co (004090) | $21.04 Billion | 5.80% | 1.54x | $99.38 Million |
| Samil C&S Co Ltd (004440) | $278.77 Billion | 0.96% | 0.21x | $40.34 Million |
| TWay Holdings (004870) | $137.74 Billion | -62.05% | 4.56x | $29.22 Million |
About Tongyang Pile Inc
Tongyang Pile Inc. engages in the manufacture and sale of pretensioned spun high strength concrete piles in South Korea. The company was founded in 1992 and is headquartered in Asan-si, South Korea.