Smart Radar System Inc.
Smart Radar System Inc. provides RF antenna design, hardware module, radar signal processing algorithm, and software API in South Korea and internationally. It offers imaging radar and package products; and single radar, package, and modules. It serves automotive, industrial, healthcare, and smart place sectors. Smart Radar System Inc. was founded in 2017 and is headquartered in Seongnam-si, Sout… Read more
Smart Radar System Inc. (424960) - Net Assets
Latest net assets as of March 2025: ₩13.64 Billion KRW
Based on the latest financial reports, Smart Radar System Inc. (424960) has net assets worth ₩13.64 Billion KRW as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩31.88 Billion) and total liabilities (₩18.24 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 | ₩13.64 Billion |
| % of Total Assets | 42.79% |
| Annual Growth Rate | 36.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 88.21 |
Smart Radar System Inc. - Net Assets Trend (2022–2024)
This chart illustrates how Smart Radar System 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 Smart Radar System Inc. (2022–2024)
The table below shows the annual net assets of Smart Radar System Inc. from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩16.13 Billion | -25.45% |
| 2023-12-31 | ₩21.64 Billion | +150.97% |
| 2022-12-31 | ₩8.62 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smart Radar System 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 1155770015000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩7.83 Billion | 48.51% |
| Other Components | ₩42.53 Billion | 263.58% |
| Total Equity | ₩16.13 Billion | 100.00% |
Smart Radar System Inc. Competitors by Market Cap
The table below lists competitors of Smart Radar System Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Future Vision II Acquisition Corporation Units
NASDAQ:FVNNU
|
$53.76 Million |
|
Frontage Holdings Corporation
PINK:FGHQF
|
$53.77 Million |
|
Grown Rogue International Inc
OTCQB:GRUSF
|
$53.77 Million |
|
F & M Bank Corp
OTCQX:FMBM
|
$53.77 Million |
|
BTCS INC. DL-001
F:BIC
|
$53.75 Million |
|
NSTS Bancorp Inc
NASDAQ:NSTS
|
$53.73 Million |
|
Creative Newtech Limited
NSE:CREATIVE
|
$53.71 Million |
|
Payfare Inc
OTCQX:PYFRF
|
$53.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smart Radar System Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,642,924,640 to 16,134,564,720, a change of -5,508,359,920 (-25.5%).
- Net loss of 6,459,495,580 reduced equity.
- Share repurchases of 888,747,800 reduced equity.
- Other factors increased equity by 1,839,883,460.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-6.46 Billion | -40.04% |
| Share Repurchases | ₩888.75 Million | -5.51% |
| Other Changes | ₩1.84 Billion | +11.4% |
| Total Change | ₩- | -25.45% |
Book Value vs Market Value Analysis
This analysis compares Smart Radar System 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: 6.96x
- 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 12.34x to 6.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩581.26 | ₩7170.00 | x |
| 2023-12-31 | ₩1426.38 | ₩7170.00 | x |
| 2024-12-31 | ₩1030.81 | ₩7170.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smart Radar System 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): -40.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -136.37%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.99x
- Recent ROE (-40.04%) is above the historical average (-51.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -89.73% | -192.25% | 0.32x | 1.44x | ₩-8.60 Billion |
| 2023 | -23.56% | -125.08% | 0.16x | 1.20x | ₩-7.26 Billion |
| 2024 | -40.04% | -136.37% | 0.15x | 1.99x | ₩-8.07 Billion |
Industry Comparison
This section compares Smart Radar System Inc.'s net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $52,614,905,221
- Average return on equity (ROE) among peers: 5.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smart Radar System Inc. (424960) | ₩13.64 Billion | -89.73% | 1.34x | $53.76 Million |
| NanoenTekInc (039860) | $52.34 Billion | 13.99% | 0.19x | $78.08 Million |
| 068100 (068100) | $13.01 Billion | -14.55% | 0.45x | $9.84 Million |
| THINKWARE Corporation (084730) | $143.81 Billion | 1.98% | 0.43x | $34.13 Million |
| Mobile Appliance Inc. (087260) | $49.03 Billion | 2.86% | 0.62x | $36.99 Million |
| HyVision System. Inc (126700) | $123.98 Billion | 6.77% | 0.34x | $134.20 Million |
| DAIHAN Scientific Co. Ltd (131220) | $39.20 Billion | 9.81% | 0.63x | $13.57 Million |
| Parksystems Corp (140860) | $30.56 Billion | 14.87% | 0.21x | $774.08 Million |
| LET co. Ltd (297890) | $30.28 Billion | 24.36% | 0.77x | $65.92 Million |
| Wintec Co. Ltd (320000) | $6.32 Billion | -0.15% | 0.09x | $21.07 Million |
| Amosense Co. Ltd. (357580) | $37.62 Billion | -2.41% | 1.41x | $65.92 Million |