Rayence Co. Ltd
Rayence Co., Ltd., together with its subsidiaries, engages in the development, manufacture, and sale of digital X-ray detector products for dental, medical, veterinary, and industrial sectors in South Korea, the United States, Mexico, China, and internationally. The company offers TFT/CMOS X-ray detectors for general radiography, C-arm/RF, mammography, and radiotherapy; and CMOS/Super IGZO TFT/a-… Read more
Rayence Co. Ltd (228850) - Net Assets
Latest net assets as of September 2025: ₩243.99 Billion KRW
Based on the latest financial reports, Rayence Co. Ltd (228850) has net assets worth ₩243.99 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 (₩270.00 Billion) and total liabilities (₩26.02 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 | ₩243.99 Billion |
| % of Total Assets | 90.36% |
| Annual Growth Rate | 16.89% |
| 5-Year Change | 30.03% |
| 10-Year Change | N/A |
| Growth Volatility | 53.74 |
Rayence Co. Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Rayence 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 Rayence Co. Ltd (2015–2024)
The table below shows the annual net assets of Rayence Co. Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩244.67 Billion | +1.61% |
| 2023-12-31 | ₩240.80 Billion | +7.14% |
| 2022-12-31 | ₩224.75 Billion | +12.05% |
| 2021-12-31 | ₩200.58 Billion | +6.59% |
| 2020-12-31 | ₩188.17 Billion | -3.15% |
| 2019-12-31 | ₩194.30 Billion | +6.84% |
| 2018-12-31 | ₩181.86 Billion | +2.96% |
| 2017-12-31 | ₩176.64 Billion | +6.78% |
| 2016-12-31 | ₩165.42 Billion | +175.62% |
| 2015-12-31 | ₩60.02 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rayence 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 277.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩145.62 Billion | 59.59% |
| Common Stock | ₩8.30 Billion | 3.39% |
| Other Components | ₩90.48 Billion | 37.02% |
| Total Equity | ₩244.40 Billion | 100.00% |
Rayence Co. Ltd Competitors by Market Cap
The table below lists competitors of Rayence Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bizim Toptan Satis Magazalari AS
IS:BIZIM
|
$20.76 Million |
|
TAO Synergies Inc.
NASDAQ:TAOX
|
$20.76 Million |
|
Manolete Partners Plc
PINK:MANOF
|
$20.77 Million |
|
Aspire Mining Ltd
AU:AKM
|
$20.78 Million |
|
Shagrir Group Vehicle Services Ltd
PINK:SRRPF
|
$20.75 Million |
|
Reyon Pharmaceutical Co Ltd
KO:102460
|
$20.74 Million |
|
N. B. I. Industrial Finance Company Limited
NSE:NBIFIN
|
$20.74 Million |
|
Hyungkuk F&B Co Ltd
KQ:189980
|
$20.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rayence Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 240,221,444,870 to 244,396,535,960, a change of 4,175,091,090 (1.7%).
- Net income of 7,829,571,920 contributed positively to equity growth.
- Dividend payments of 1,573,644,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩7.83 Billion | +3.2% |
| Dividends Paid | ₩1.57 Billion | -0.64% |
| Other Changes | ₩-2.08 Billion | -0.85% |
| Total Change | ₩- | 1.74% |
Book Value vs Market Value Analysis
This analysis compares Rayence 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: 0.40x
- 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 0.61x to 0.40x 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 | ₩10149.52 | ₩6150.00 | x |
| 2017-12-31 | ₩11015.10 | ₩6150.00 | x |
| 2018-12-31 | ₩11485.37 | ₩6150.00 | x |
| 2019-12-31 | ₩12346.92 | ₩6150.00 | x |
| 2020-12-31 | ₩11957.43 | ₩6150.00 | x |
| 2021-12-31 | ₩12745.95 | ₩6150.00 | x |
| 2022-12-31 | ₩14281.99 | ₩6150.00 | x |
| 2023-12-31 | ₩15265.30 | ₩6150.00 | x |
| 2024-12-31 | ₩15530.61 | ₩6150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rayence 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): 3.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.24%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.10x
- Recent ROE (3.20%) is below the historical average (8.49%), 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 | 24.13% | 16.72% | 0.92x | 1.57x | ₩8.48 Billion |
| 2016 | 8.91% | 14.98% | 0.52x | 1.15x | ₩-1.80 Billion |
| 2017 | 8.28% | 13.73% | 0.54x | 1.11x | ₩-3.04 Billion |
| 2018 | 8.65% | 13.51% | 0.58x | 1.11x | ₩-2.46 Billion |
| 2019 | 7.56% | 11.64% | 0.54x | 1.19x | ₩-4.74 Billion |
| 2020 | -1.02% | -1.89% | 0.45x | 1.19x | ₩-20.73 Billion |
| 2021 | 7.21% | 10.74% | 0.56x | 1.21x | ₩-5.60 Billion |
| 2022 | 9.81% | 14.98% | 0.56x | 1.17x | ₩-425.87 Million |
| 2023 | 8.16% | 13.71% | 0.52x | 1.16x | ₩-4.42 Billion |
| 2024 | 3.20% | 6.24% | 0.47x | 1.10x | ₩-16.61 Billion |
Industry Comparison
This section compares Rayence Co. Ltd's net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $98,321,642,752
- Average return on equity (ROE) among peers: 7.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rayence Co. Ltd (228850) | ₩243.99 Billion | 24.13% | 0.11x | $20.76 Million |
| Shinhung (004080) | $87.31 Billion | 3.50% | 0.52x | $10.80 Million |
| Osang Healthcare Co.,Ltd (036220) | $199.86 Billion | 20.34% | 0.25x | $37.44 Million |
| HansBiomed Corporation (042520) | $43.16 Billion | 11.38% | 0.21x | $246.58 Million |
| JVM Co. Ltd (054950) | $98.83 Billion | 10.23% | 0.72x | $117.37 Million |
| Huvitz Co. Ltd (065510) | $51.68 Billion | 16.97% | 0.32x | $43.64 Million |
| Vieworks Co. Ltd (100120) | $188.04 Billion | 17.80% | 0.28x | $101.54 Million |
| Corentec Co Ltd (104540) | $48.30 Billion | -3.04% | 0.46x | $40.80 Million |
| Hironic Co. Ltd (149980) | $40.72 Billion | 7.13% | 0.15x | $23.71 Million |
| Laseroptek Co., Ltd. (199550) | $-3.94 Billion | 0.00% | 0.00x | $21.68 Million |
| Humasis Co. Ltd (205470) | $229.26 Billion | -13.28% | 0.45x | $48.97 Million |