BitNine Co. Ltd. (357880) - Net Assets
Based on the latest financial reports, BitNine Co. Ltd. (357880) has net assets worth ₩10.34 Billion KRW (≈ $7.01 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 (₩34.30 Billion ≈ $23.25 Million USD) and total liabilities (₩23.96 Billion ≈ $16.24 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 financial resilience of BitNine Co. Ltd. to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩10.34 Billion |
| % of Total Assets | 30.15% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 23.5 |
BitNine Co. Ltd. - Net Assets Trend (2018–2024)
This chart illustrates how BitNine Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore BitNine Co. Ltd. (357880) total assets for the complete picture of this company's asset base.
Annual Net Assets for BitNine Co. Ltd. (2018–2024)
The table below shows the annual net assets of BitNine Co. Ltd. from 2018 to 2024. For live valuation and market cap data, see 357880 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩10.36 Billion ≈ $7.02 Million |
-41.55% |
| 2023-12-31 | ₩17.73 Billion ≈ $12.01 Million |
-49.04% |
| 2022-12-31 | ₩34.79 Billion ≈ $23.57 Million |
+4.12% |
| 2021-12-31 | ₩33.41 Billion ≈ $22.64 Million |
+917.30% |
| 2020-12-31 | ₩-4.09 Billion ≈ $-2.77 Million |
+78.14% |
| 2019-12-31 | ₩-18.70 Billion ≈ $-12.67 Million |
-112.24% |
| 2018-12-31 | ₩-8.81 Billion ≈ $-5.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BitNine 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 5998285894000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩16.96 Billion | 163.71% |
| Other Components | ₩62.64 Billion | 604.58% |
| Total Equity | ₩10.36 Billion | 100.00% |
BitNine Co. Ltd. Competitors by Market Cap
The table below lists competitors of BitNine Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hennessy Ad
NASDAQ:HNNA
|
$79.08 Million |
|
Sutro Biopharma
NASDAQ:STRO
|
$79.09 Million |
|
Ksolves India Limited
NSE:KSOLVES
|
$79.10 Million |
|
Sandon Capital Investments Ltd
AU:SNC
|
$79.15 Million |
|
Advero Properties SOCIMI S.A.
MC:YADV
|
$79.03 Million |
|
Horizon Space Acquisition II Corp. Ordinary share
NASDAQ:HSPT
|
$79.00 Million |
|
Tenax Therapeutics Inc
NASDAQ:TENX
|
$78.98 Million |
|
Trias Sentosa Tbk
JK:TRST
|
$78.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BitNine Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,283,920,270 to 10,360,745,000, a change of -4,923,175,270 (-32.2%).
- Net loss of 23,779,373,510 reduced equity.
- Share repurchases of 21,943,367,050 reduced equity.
- New share issuances of 21,943,367,050 increased equity.
- Other factors increased equity by 18,856,198,240.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-23.78 Billion | -229.51% |
| Share Repurchases | ₩21.94 Billion | -211.79% |
| Share Issuances | ₩21.94 Billion | +211.79% |
| Other Changes | ₩18.86 Billion | +182.0% |
| Total Change | ₩- | -32.21% |
Book Value vs Market Value Analysis
This analysis compares BitNine 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: 10.80x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ₩-850.79 | ₩3300.00 | x |
| 2019-12-31 | ₩-1805.72 | ₩3300.00 | x |
| 2020-12-31 | ₩-394.79 | ₩3300.00 | x |
| 2021-12-31 | ₩3226.64 | ₩3300.00 | x |
| 2022-12-31 | ₩3235.56 | ₩3300.00 | x |
| 2023-12-31 | ₩1463.42 | ₩3300.00 | x |
| 2024-12-31 | ₩305.42 | ₩3300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BitNine 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): -229.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -119.80%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 2.97x
- Recent ROE (-229.51%) is below the historical average (-48.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -62.93% | 1.01x | 0.00x | ₩-7.74 Billion |
| 2019 | 0.00% | -72.03% | 1.62x | 0.00x | ₩-7.97 Billion |
| 2020 | 0.00% | -88.34% | 1.63x | 0.00x | ₩-9.82 Billion |
| 2021 | 3.49% | 7.10% | 0.47x | 1.05x | ₩-2.18 Billion |
| 2022 | -1.31% | -2.29% | 0.27x | 2.15x | ₩-3.79 Billion |
| 2023 | -108.95% | -68.63% | 0.40x | 3.94x | ₩-18.18 Billion |
| 2024 | -229.51% | -119.80% | 0.65x | 2.97x | ₩-24.82 Billion |
Industry Comparison
This section compares BitNine Co. Ltd.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $120,939,435,865
- Average return on equity (ROE) among peers: 6.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BitNine Co. Ltd. (357880) | ₩10.34 Billion | 0.00% | 2.32x | $79.05 Million |
| Kginicis Co.Ltd (035600) | $358.53 Billion | 13.42% | 2.99x | $206.55 Million |
| Nice Information & Telecommunication Inc (036800) | $230.05 Billion | 13.09% | 1.79x | $166.06 Million |
| Cafe24 Corp (042000) | $8.78 Billion | -14.49% | 4.23x | $411.27 Million |
| AhnLab Inc (053800) | $140.72 Billion | 9.98% | 0.31x | $407.95 Million |
| NHN KCP Corp (060250) | $223.62 Billion | 15.78% | 1.33x | $502.25 Million |
| Danal Co. Ltd (064260) | $84.32 Billion | 3.53% | 2.39x | $331.79 Million |
| nTels Co. Ltd (069410) | $49.08 Billion | 15.01% | 0.23x | $31.62 Million |
| Plantynet Co. Ltd (075130) | $67.24 Billion | -2.32% | 0.36x | $26.41 Million |
| Secuve Co. Ltd (131090) | $21.95 Billion | 6.73% | 0.35x | $21.78 Million |
| FASOO.COM Co Ltd (150900) | $25.10 Billion | 8.68% | 0.31x | $43.41 Million |
About BitNine Co. Ltd.
SKAI worldwide Co., Ltd. engages in the development, production, and sale of software products in South Korea. It offers AgensSQL, a software that provides technical support for modification and development; and AgensGraph, an enterprise graph database management system that stores and manages various data. The company was formerly known as Bitnine Co, Ltd. and changed its name to SKAI worldwide … Read more