Willings Co. Ltd (313760) - Net Assets
Based on the latest financial reports, Willings Co. Ltd (313760) has net assets worth ₩21.35 Billion KRW (≈ $14.47 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 (₩52.65 Billion ≈ $35.68 Million USD) and total liabilities (₩31.30 Billion ≈ $21.21 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 313760 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩21.35 Billion |
| % of Total Assets | 40.55% |
| Annual Growth Rate | 3.11% |
| 5-Year Change | -40.69% |
| 10-Year Change | N/A |
| Growth Volatility | 38.03 |
Willings Co. Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Willings Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Willings Co. Ltd for the complete picture of this company's asset base.
Annual Net Assets for Willings Co. Ltd (2017–2025)
The table below shows the annual net assets of Willings Co. Ltd from 2017 to 2025. For live valuation and market cap data, see Willings Co. Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩21.35 Billion ≈ $14.47 Million |
+6.45% |
| 2024-12-31 | ₩20.06 Billion ≈ $13.59 Million |
+55.50% |
| 2023-12-31 | ₩12.90 Billion ≈ $8.74 Million |
-56.80% |
| 2022-12-31 | ₩29.86 Billion ≈ $20.24 Million |
-17.06% |
| 2021-12-31 | ₩36.00 Billion ≈ $24.40 Million |
-0.58% |
| 2020-12-31 | ₩36.21 Billion ≈ $24.54 Million |
-0.08% |
| 2019-12-31 | ₩36.24 Billion ≈ $24.56 Million |
+71.78% |
| 2018-12-31 | ₩21.10 Billion ≈ $14.30 Million |
+26.26% |
| 2017-12-31 | ₩16.71 Billion ≈ $11.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Willings 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 decreased by 318.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩53.44 Billion | 250.55% |
| Total Equity | ₩21.33 Billion | 100.00% |
Willings Co. Ltd Competitors by Market Cap
The table below lists competitors of Willings Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kedaung Indah Can Tbk
JK:KICI
|
$3.53 Million |
|
Searchlight Resources Inc
V:SCLT
|
$3.53 Million |
|
Bakrieland Development Tbk
JK:ELTY
|
$3.53 Million |
|
Oblong Inc
NASDAQ:OBLG
|
$3.53 Million |
|
Xiwang Property Holdings Company Limited
F:XSA
|
$3.52 Million |
|
Young & Co’S Brewery A
LSE:YNGA
|
$3.52 Million |
|
Global IBO Group Ltd
NASDAQ:GIBO
|
$3.51 Million |
|
Pinnacle Minerals Ltd
AU:PIM
|
$3.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Willings Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,047,470,880 to 21,327,312,830, a change of 1,279,841,950 (6.4%).
- New share issuances of 5,299,748,340 increased equity.
- Other factors decreased equity by 4,019,906,390.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩0.00 | -0.0% |
| Share Issuances | ₩5.30 Billion | +24.85% |
| Other Changes | ₩-4.02 Billion | -18.85% |
| Total Change | ₩- | 6.38% |
Book Value vs Market Value Analysis
This analysis compares Willings 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: 0.24x
- 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 increased from 0.11x to 0.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩4336.84 | ₩468.00 | x |
| 2018-12-31 | ₩5475.87 | ₩468.00 | x |
| 2019-12-31 | ₩7453.45 | ₩468.00 | x |
| 2020-12-31 | ₩7447.37 | ₩468.00 | x |
| 2021-12-31 | ₩7246.54 | ₩468.00 | x |
| 2022-12-31 | ₩5343.74 | ₩468.00 | x |
| 2023-12-31 | ₩2267.26 | ₩468.00 | x |
| 2024-12-31 | ₩2580.73 | ₩468.00 | x |
| 2025-12-31 | ₩1920.38 | ₩468.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Willings 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): -64.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -159.11%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.11x
- Recent ROE (-64.88%) is below the historical average (-25.57%), 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 | 14.25% | 6.28% | 0.85x | 2.66x | ₩710.06 Million |
| 2018 | 20.35% | 7.90% | 1.23x | 2.09x | ₩2.18 Billion |
| 2019 | 8.53% | 7.21% | 0.88x | 1.34x | ₩-533.79 Million |
| 2020 | 0.88% | 0.51% | 1.43x | 1.22x | ₩-3.30 Billion |
| 2021 | -0.82% | -0.82% | 0.62x | 1.62x | ₩-3.90 Billion |
| 2022 | -46.63% | -26.61% | 1.13x | 1.55x | ₩-16.91 Billion |
| 2023 | -136.22% | -103.42% | 0.65x | 2.04x | ₩-18.86 Billion |
| 2024 | -64.88% | -159.11% | 0.19x | 2.11x | ₩-15.01 Billion |
Industry Comparison
This section compares Willings Co. Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $161,130,705,092
- Average return on equity (ROE) among peers: 82.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Willings Co. Ltd (313760) | ₩21.35 Billion | 14.25% | 1.47x | $3.52 Million |
| Hwacheon Mac (000850) | $131.77 Billion | 7.91% | 0.65x | $57.77 Million |
| Daidong Elec (008110) | $88.61 Billion | 9.10% | 0.47x | $71.25 Million |
| Booster Co. Ltd (008470) | $65.94 Billion | 9.50% | 0.26x | $21.20 Million |
| Simpac (009160) | $240.83 Billion | 5.35% | 0.58x | $101.09 Million |
| Kyung Dong Navien Co Ltd (009450) | $695.42 Billion | 17.88% | 0.95x | $761.04 Million |
| Korea Refract (010040) | $25.31 Billion | -5.89% | 3.13x | $48.01 Million |
| Woojin I&S Co Ltd (010400) | $106.95 Billion | 1.99% | 0.25x | $18.75 Million |
| Hwacheon Machi (010660) | $124.32 Billion | -0.54% | 0.30x | $75.74 Million |
| Han Shin Mach (011700) | $89.60 Billion | -1.35% | 0.41x | $101.16 Million |
| STX Corporation (011810) | $42.56 Billion | 785.68% | 13.74x | $74.11 Million |
About Willings Co. Ltd
Carry Co., Ltd. engages in the manufacture and sale of power conversion systems in South Korea. It operates through Renewable Energy and Power Solution divisions. The company offers photovoltaic inverters, ESS PCS, EPC for photovoltaic system; and power solutions, including induction heating inverters, battery pack, and PCS for ballast water management and water purifier systems. It also develops… Read more