VC Inc.
VC Inc. manufactures and sells wireless communication devices and parts for golf courses in South Korea. It offers range finders, such as digital yardage books, watches, laser type products, and phonetic products; launch monitors; and various accessories. The company was founded in 2005 and is based in Seoul, South Korea.
VC Inc. (365900) - Net Assets
Latest net assets as of September 2025: ₩32.10 Billion KRW
Based on the latest financial reports, VC Inc. (365900) has net assets worth ₩32.10 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 (₩80.51 Billion) and total liabilities (₩48.42 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 | ₩32.10 Billion |
| % of Total Assets | 39.86% |
| Annual Growth Rate | 28.16% |
| 5-Year Change | 89.36% |
| 10-Year Change | N/A |
| Growth Volatility | 45.61 |
VC Inc. - Net Assets Trend (2019–2024)
This chart illustrates how VC Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for VC Inc. (2019–2024)
The table below shows the annual net assets of VC Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩33.55 Billion | -11.70% |
| 2023-12-31 | ₩37.99 Billion | -22.62% |
| 2022-12-31 | ₩49.09 Billion | +50.70% |
| 2021-12-31 | ₩32.58 Billion | +83.89% |
| 2020-12-31 | ₩17.72 Billion | +82.71% |
| 2019-12-31 | ₩9.70 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to VC Inc.'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 68.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩2.26 Billion | 6.63% |
| Common Stock | ₩3.66 Billion | 10.74% |
| Other Components | ₩28.12 Billion | 82.63% |
| Total Equity | ₩34.03 Billion | 100.00% |
VC Inc. Competitors by Market Cap
The table below lists competitors of VC Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DC HEALTHCARE HOLDINGS BERHAD
KLSE:0283
|
$5.67 Million |
|
Silver Hammer Mining Corp
PINK:HAMRF
|
$5.67 Million |
|
UAS Drone Corp
OTCQB:USDR
|
$5.67 Million |
|
Blueberry NFT CO.LTD
KQ:044480
|
$5.67 Million |
|
Ewon Comfortech Co. Ltd
KQ:088290
|
$5.66 Million |
|
0O45
LSE:0O45
|
$5.66 Million |
|
Index International Group Public Company Limited
BK:IND
|
$5.66 Million |
|
WCM BETEILIGUNG
HM:WCMK
|
$5.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VC Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 38,494,471,460 to 34,026,571,200, a change of -4,467,900,260 (-11.6%).
- Net loss of 5,867,388,800 reduced equity.
- Share repurchases of 1,499,947,590 reduced equity.
- New share issuances of 1,499,948,000 increased equity.
- Other factors increased equity by 1,399,488,130.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-5.87 Billion | -17.24% |
| Share Repurchases | ₩1.50 Billion | -4.41% |
| Share Issuances | ₩1.50 Billion | +4.41% |
| Other Changes | ₩1.40 Billion | +4.11% |
| Total Change | ₩- | -11.61% |
Book Value vs Market Value Analysis
This analysis compares VC Inc.'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: 0.60x
- 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 2.01x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₩1387.55 | ₩2790.00 | x |
| 2020-12-31 | ₩2535.18 | ₩2790.00 | x |
| 2021-12-31 | ₩5467.99 | ₩2790.00 | x |
| 2022-12-31 | ₩6715.86 | ₩2790.00 | x |
| 2023-12-31 | ₩5265.79 | ₩2790.00 | x |
| 2024-12-31 | ₩4654.61 | ₩2790.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VC Inc. 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): -17.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.29%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.39x
- Recent ROE (-17.24%) is below the historical average (3.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 22.20% | 6.33% | 1.20x | 2.93x | ₩1.18 Billion |
| 2020 | 25.67% | 11.16% | 1.15x | 2.00x | ₩2.78 Billion |
| 2021 | 21.52% | 13.06% | 0.91x | 1.81x | ₩3.75 Billion |
| 2022 | 2.76% | 2.50% | 0.57x | 1.96x | ₩-3.55 Billion |
| 2023 | -31.09% | -32.15% | 0.43x | 2.26x | ₩-15.82 Billion |
| 2024 | -17.24% | -13.29% | 0.54x | 2.39x | ₩-9.27 Billion |
Industry Comparison
This section compares VC Inc.'s net assets metrics with peer companies in the Leisure Products industry.
Industry Context
- Industry: Leisure Products
- Average net assets among peers: $227,880,199,532
- Average return on equity (ROE) among peers: -3.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VC Inc. (365900) | ₩32.10 Billion | 22.20% | 1.51x | $5.67 Million |
| ES Cube Co. Ltd (050120) | $69.41 Billion | -35.42% | 9.30x | $11.95 Million |
| SONOKONG Co. Ltd (066910) | $32.30 Billion | 0.04% | 1.58x | $9.90 Million |
| Innox Corporation (088390) | $128.70 Billion | 7.29% | 0.62x | $22.79 Million |
| GOLFZON NEWDIN HOLDINGS Co. Ltd (121440) | $681.11 Billion | 12.76% | 0.48x | $63.59 Million |