IQuest Co. Ltd. (262840) - Net Assets
Based on the latest financial reports, IQuest Co. Ltd. (262840) has net assets worth ₩57.02 Billion KRW (≈ $38.64 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 (₩104.88 Billion ≈ $71.07 Million USD) and total liabilities (₩47.86 Billion ≈ $32.44 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 262840 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩57.02 Billion |
| % of Total Assets | 54.36% |
| Annual Growth Rate | 16.08% |
| 5-Year Change | 137.98% |
| 10-Year Change | N/A |
| Growth Volatility | 39.8 |
IQuest Co. Ltd. - Net Assets Trend (2017–2024)
This chart illustrates how IQuest Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is IQuest Co. Ltd.'s balance sheet for the complete picture of this company's asset base.
Annual Net Assets for IQuest Co. Ltd. (2017–2024)
The table below shows the annual net assets of IQuest Co. Ltd. from 2017 to 2024. For live valuation and market cap data, see market value of IQuest Co. Ltd..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩47.76 Billion ≈ $32.37 Million |
-8.18% |
| 2023-12-31 | ₩52.02 Billion ≈ $35.25 Million |
+19.32% |
| 2022-12-31 | ₩43.59 Billion ≈ $29.54 Million |
+4.20% |
| 2021-12-31 | ₩41.84 Billion ≈ $28.35 Million |
+108.46% |
| 2020-12-31 | ₩20.07 Billion ≈ $13.60 Million |
+29.09% |
| 2019-12-31 | ₩15.55 Billion ≈ $10.54 Million |
+25.13% |
| 2018-12-31 | ₩12.42 Billion ≈ $8.42 Million |
-26.14% |
| 2017-12-31 | ₩16.82 Billion ≈ $11.40 Million |
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Equity Component Analysis
This analysis shows how different components contribute to IQuest 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 133.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩31.85 Billion | 66.69% |
| Common Stock | ₩1.93 Billion | 4.04% |
| Other Components | ₩13.98 Billion | 29.27% |
| Total Equity | ₩47.76 Billion | 100.00% |
IQuest Co. Ltd. Competitors by Market Cap
The table below lists competitors of IQuest Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jupiter Energy Ltd
AU:JPR
|
$24.47 Million |
|
EnWave Corporation
V:ENW
|
$24.47 Million |
|
Superlon Holdings Bhd
KLSE:7235
|
$24.49 Million |
|
Excel Force MSC Bhd
KLSE:0065
|
$24.50 Million |
|
CANADIAN NORTH RESOURCES
F:EO0
|
$24.46 Million |
|
Viking Kagit ve Seluloz AS
IS:VKING
|
$24.46 Million |
|
Natural Health Trend
NASDAQ:NHTC
|
$24.45 Million |
|
Satcom Systems Ltd
TA:STCM
|
$24.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IQuest Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 45,688,692,710 to 47,764,052,430, a change of 2,075,359,720 (4.5%).
- Net income of 3,773,977,190 contributed positively to equity growth.
- Dividend payments of 943,000,000 reduced retained earnings.
- Share repurchases of 691,356,960 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.77 Billion | +7.9% |
| Dividends Paid | ₩943.00 Million | -1.97% |
| Share Repurchases | ₩691.36 Million | -1.45% |
| Other Changes | ₩-64.26 Million | -0.13% |
| Total Change | ₩- | 4.54% |
Book Value vs Market Value Analysis
This analysis compares IQuest 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: 0.77x
- 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 1.04x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩1716.53 | ₩1780.00 | x |
| 2018-12-31 | ₩1690.46 | ₩1780.00 | x |
| 2019-12-31 | ₩2115.27 | ₩1780.00 | x |
| 2020-12-31 | ₩2730.65 | ₩1780.00 | x |
| 2021-12-31 | ₩4446.20 | ₩1780.00 | x |
| 2022-12-31 | ₩4622.94 | ₩1780.00 | x |
| 2023-12-31 | ₩4845.04 | ₩1780.00 | x |
| 2024-12-31 | ₩2307.32 | ₩1780.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IQuest 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): 7.90%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.29%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.31x
- Recent ROE (7.90%) is below the historical average (14.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 17.63% | 25.79% | 0.55x | 1.24x | ₩1.28 Billion |
| 2018 | 17.14% | 18.42% | 0.53x | 1.76x | ₩887.05 Million |
| 2019 | 23.61% | 25.30% | 0.69x | 1.35x | ₩2.12 Billion |
| 2020 | 25.60% | 33.65% | 0.51x | 1.48x | ₩3.13 Billion |
| 2021 | 8.42% | 22.47% | 0.29x | 1.27x | ₩-660.70 Million |
| 2022 | 6.59% | 10.89% | 0.44x | 1.36x | ₩-1.49 Billion |
| 2023 | 6.93% | 7.90% | 0.66x | 1.34x | ₩-1.40 Billion |
| 2024 | 7.90% | 9.29% | 0.65x | 1.31x | ₩-1.00 Billion |
Industry Comparison
This section compares IQuest Co. Ltd.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $56,154,750,292
- Average return on equity (ROE) among peers: 6.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IQuest Co. Ltd. (262840) | ₩57.02 Billion | 17.63% | 0.84x | $24.46 Million |
| Douzone Bizon Co Ltd (012510) | $64.65 Billion | 7.61% | 1.59x | $2.28 Billion |
| NuriFlex Co.Ltd (040160) | $77.47 Billion | -5.36% | 1.08x | $128.40 Million |
| Raonsecure Co. Ltd (042510) | $21.69 Billion | 9.64% | 1.36x | $91.98 Million |
| Osangjaiel Co. Ltd (053980) | $64.51 Billion | 7.09% | 0.47x | $42.11 Million |
| Gemvaxlink Co. Ltd (064800) | $189.31 Billion | 18.25% | 0.26x | $68.25 Million |
| Mobileleader Co.Ltd (100030) | $31.85 Billion | 0.00% | 0.11x | $34.15 Million |
| Selvas Ai Inc. (108860) | $29.18 Billion | 0.00% | 0.19x | $239.67 Million |
| RSUPPORT Co. Ltd (131370) | $53.89 Billion | 9.30% | 0.09x | $91.85 Million |
| KineMaster Corporation (139670) | $16.68 Billion | 15.73% | 0.18x | $20.57 Million |
| Bflysoft Co. Ltd. (148780) | $12.32 Billion | 5.95% | 0.34x | $27.38 Million |
About IQuest Co. Ltd.
IQUEST Co., Ltd. engages in the development and sale of ERP software in South Korea. The company was founded in 1996 and is headquartered in Seoul, South Korea.