THiRA-UTECH CO. LTD
LS THiRA-UTECH Co., Ltd. operates as a smart factory and smart logistics specialized solution provider in South Korea. It offers THiRA Planner, a solution that establishes production plans; THiRA Scheduler, a work planning solution; THiRA SCP, a supply plan solution; THiRA DCP, a solution for demand planning, forecast consensus, and sales and operation; THiRA Optimizer algorithum; THiRA MES and R… Read more
THiRA-UTECH CO. LTD (322180) - Net Assets
Latest net assets as of September 2025: ₩56.09 Billion KRW
Based on the latest financial reports, THiRA-UTECH CO. LTD (322180) has net assets worth ₩56.09 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 (₩89.21 Billion) and total liabilities (₩33.12 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 | ₩56.09 Billion |
| % of Total Assets | 62.87% |
| Annual Growth Rate | 34.68% |
| 5-Year Change | 49.56% |
| 10-Year Change | N/A |
| Growth Volatility | 115.26 |
THiRA-UTECH CO. LTD - Net Assets Trend (2017–2024)
This chart illustrates how THiRA-UTECH 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 THiRA-UTECH CO. LTD (2017–2024)
The table below shows the annual net assets of THiRA-UTECH CO. LTD from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩38.95 Billion | +173.09% |
| 2023-12-31 | ₩14.26 Billion | -16.77% |
| 2022-12-31 | ₩17.14 Billion | -11.65% |
| 2021-12-31 | ₩19.40 Billion | -25.52% |
| 2020-12-31 | ₩26.04 Billion | -8.42% |
| 2019-12-31 | ₩28.43 Billion | +299.18% |
| 2018-12-31 | ₩7.12 Billion | +47.06% |
| 2017-12-31 | ₩4.84 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to THiRA-UTECH 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 142.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩2.09 Billion | 5.38% |
| Other Components | ₩38.63 Billion | 99.19% |
| Total Equity | ₩38.95 Billion | 100.00% |
THiRA-UTECH CO. LTD Competitors by Market Cap
The table below lists competitors of THiRA-UTECH CO. LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Skyline Builders Group Holding Limited Class A Ordinary Shares
NASDAQ:SKBL
|
$42.08 Million |
|
Pettenati S.A. Industria Têxtil
SA:PTNT3
|
$42.08 Million |
|
LumenRadio AB
ST:LUMEN
|
$42.11 Million |
|
Medicenna Therapeutics Corp
OTCQX:MDNAF
|
$42.11 Million |
|
DEEZER S.A. EO 1
F:L0A
|
$42.07 Million |
|
Surya Fajar Capital Tbk PT
JK:SFAN
|
$42.07 Million |
|
EQ Inc.
V:EQ
|
$42.06 Million |
|
Finbar Group Ltd
AU:FRI
|
$42.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in THiRA-UTECH CO. LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,261,337,860 to 38,946,794,990, a change of 24,685,457,130 (173.1%).
- Net loss of 2,169,236,200 reduced equity.
- Share repurchases of 24,986,845,790 reduced equity.
- New share issuances of 24,986,845,790 increased equity.
- Other factors increased equity by 26,854,693,330.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.17 Billion | -5.57% |
| Share Repurchases | ₩24.99 Billion | -64.16% |
| Share Issuances | ₩24.99 Billion | +64.16% |
| Other Changes | ₩26.85 Billion | +68.95% |
| Total Change | ₩- | 173.09% |
Book Value vs Market Value Analysis
This analysis compares THiRA-UTECH 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: 4.29x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.95x to 4.29x 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 | ₩1614.59 | ₩8000.00 | x |
| 2018-12-31 | ₩2374.34 | ₩8000.00 | x |
| 2019-12-31 | ₩5301.09 | ₩8000.00 | x |
| 2020-12-31 | ₩4962.39 | ₩8000.00 | x |
| 2021-12-31 | ₩1224.45 | ₩8000.00 | x |
| 2022-12-31 | ₩1046.29 | ₩8000.00 | x |
| 2023-12-31 | ₩863.30 | ₩8000.00 | x |
| 2024-12-31 | ₩1862.86 | ₩8000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently THiRA-UTECH 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): -5.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.77%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.15x
- Recent ROE (-5.57%) is above the historical average (-8.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 27.56% | 6.08% | 1.41x | 3.21x | ₩850.80 Million |
| 2018 | 21.42% | 6.70% | 1.11x | 2.89x | ₩813.12 Million |
| 2019 | 9.20% | 9.17% | 0.82x | 1.22x | ₩-227.26 Million |
| 2020 | -4.16% | -3.13% | 1.05x | 1.27x | ₩-3.69 Billion |
| 2021 | -44.85% | -22.12% | 1.28x | 1.59x | ₩-10.64 Billion |
| 2022 | -26.19% | -12.49% | 1.00x | 2.09x | ₩-6.20 Billion |
| 2023 | -43.57% | -11.43% | 0.86x | 4.42x | ₩-7.64 Billion |
| 2024 | -5.57% | -3.77% | 0.69x | 2.15x | ₩-6.06 Billion |
Industry Comparison
This section compares THiRA-UTECH CO. LTD's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $45,786,090,292
- Average return on equity (ROE) among peers: -4.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| THiRA-UTECH CO. LTD (322180) | ₩56.09 Billion | 27.56% | 0.59x | $42.07 Million |
| Douzone Bizon Co Ltd (012510) | $82.16 Billion | 20.47% | 1.34x | $1.46 Billion |
| NuriFlex Co.Ltd (040160) | $60.32 Billion | 2.29% | 0.53x | $46.47 Million |
| Raonsecure Co. Ltd (042510) | $50.48 Billion | 7.96% | 0.42x | $39.59 Million |
| Osangjaiel Co. Ltd (053980) | $35.39 Billion | 4.33% | 0.74x | $26.27 Million |
| Emro Inc. (058970) | $11.53 Billion | 8.73% | 1.15x | $159.67 Million |
| LONGTU KOREA Inc (060240) | $3.59 Billion | 0.00% | 5.53x | $3.02 Million |
| Younglimwon Soft Lab Co. Ltd. (060850) | $4.11 Billion | -86.33% | 4.58x | $23.73 Million |
| Gemvaxlink Co. Ltd (064800) | $169.44 Billion | -11.42% | 0.21x | $44.93 Million |
| 088340 (088340) | $8.99 Billion | 9.77% | 1.57x | $20.38 Million |
| Mobileleader Co.Ltd (100030) | $31.85 Billion | 0.00% | 0.11x | $19.75 Million |