Winking Studios Limited
Winking Studios Limited, an investment holding company, operates as an art outsourcing and game development studio in Mainland China, Taiwan, South Korea, the United States, Japan, and internationally. The company operates three segments: Original Equipment Manufacturer (Art Outsourcing), Original Design Manufacturer (Game Development), and Global Publishing and Others. It creates and develops di… Read more
Winking Studios Limited (WKS) - Net Assets
Latest net assets as of June 2024: GBX20.98 Million GBX
Based on the latest financial reports, Winking Studios Limited (WKS) has net assets worth GBX20.98 Million GBX as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX29.35 Million) and total liabilities (GBX8.37 Million). 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 | GBX20.98 Million |
| % of Total Assets | 71.48% |
| Annual Growth Rate | 41.39% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 37.38 |
Winking Studios Limited - Net Assets Trend (2020–2023)
This chart illustrates how Winking Studios Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Winking Studios Limited (2020–2023)
The table below shows the annual net assets of Winking Studios Limited from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | GBX21.45 Million | +92.70% |
| 2022-12-31 | GBX11.13 Million | +1.16% |
| 2021-12-31 | GBX11.00 Million | +44.90% |
| 2020-12-31 | GBX7.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Winking Studios Limited'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 grown by 100.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX8.22 Million | 38.34% |
| Other Components | GBX13.22 Million | 61.66% |
| Total Equity | GBX21.45 Million | 100.00% |
Winking Studios Limited Competitors by Market Cap
The table below lists competitors of Winking Studios Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Syong Shun Metal Co. Ltd.
TWO:2073
|
$8.52K |
|
Flagship Investments Ltd
AU:FSI
|
$8.53K |
|
Indos S.A.
WAR:INS
|
$8.53K |
|
UNITED BUS SERVICE LTD
SEM:UBS
|
$8.53K |
|
AI Technology Group Inc
PINK:AIPG
|
$8.51K |
|
CVK Maden Isletmeleri Sanayi ve Ticaret A.S.
IS:CVKMD
|
$8.51K |
|
Anam Electronics Co. Ltd.
KQ:008700
|
$8.50K |
|
Tiasang Battery JSC
VN:TSB
|
$8.50K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Winking Studios Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 11,130,000 to 21,447,000, a change of 10,317,000 (92.7%).
- Net income of 1,780,000 contributed positively to equity growth.
- New share issuances of 8,613,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX1.78 Million | +8.3% |
| Share Issuances | GBX8.61 Million | +40.16% |
| Other Changes | GBX-76.00K | -0.35% |
| Total Change | GBX- | 92.70% |
Book Value vs Market Value Analysis
This analysis compares Winking Studios Limited'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: 172.80x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 487.76x to 172.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | GBX0.03 | GBX13.25 | x |
| 2021-12-31 | GBX0.04 | GBX13.25 | x |
| 2022-12-31 | GBX0.04 | GBX13.25 | x |
| 2023-12-31 | GBX0.08 | GBX13.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Winking Studios Limited 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): 8.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.08%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.42x
- Recent ROE (8.30%) is below the historical average (17.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 24.40% | 12.80% | 1.25x | 1.53x | GBX1.09 Million |
| 2021 | 28.26% | 13.12% | 1.28x | 1.68x | GBX2.01 Million |
| 2022 | 9.32% | 4.23% | 1.26x | 1.75x | GBX-76.00K |
| 2023 | 8.30% | 6.08% | 0.96x | 1.42x | GBX-364.70K |
Industry Comparison
This section compares Winking Studios Limited's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $3,807,600
- Average return on equity (ROE) among peers: -414.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winking Studios Limited (WKS) | GBX20.98 Million | 24.40% | 0.40x | $8.52K |
| Devolver Digital Inc (DEVO) | $9.12 Million | 0.00% | 0.68x | $14.15K |
| Everplay Group PLC (EVPL) | $7.44 Million | 59.04% | 7.06x | $48.41K |
| SURETRACK MON (STK) | $28.00K | -2143.14% | 4.71x | $331.60 |
| Tinybuild Inc (TBLD) | $38.76 Million | 12.75% | 0.22x | $3.23K |
| Winvia Entertainment PLC (WVIA) | $-36.31 Million | 0.00% | 0.00x | $2.69 Million |