Nexen Tire
Nexen Tire Corporation manufactures and sells tires in South Korea and internationally. The company offers passenger car, SUV, electric vehicle, van and light truck, winter, racing, global OE, and solid tires, as well as tubes and flaps. It also provides tire finder and warranty services. Nexen Tire Corporation was founded in 1942 and is headquartered in Yangsan-si, South Korea.
Nexen Tire (002350) - Total Assets
Latest total assets as of September 2025: ₩4.94 Trillion KRW
Based on the latest financial reports, Nexen Tire (002350) holds total assets worth ₩4.94 Trillion KRW as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Nexen Tire - Total Assets Trend (2006–2024)
This chart illustrates how Nexen Tire’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nexen Tire - Asset Composition Analysis
Current Asset Composition (December 2024)
Nexen Tire's total assets of ₩4.94 Trillion consist of 41.0% current assets and 59.0% non-current assets.
| Asset Category | Amount (KRW) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₩0.00 | 3.0% |
| Accounts Receivable | ₩513.73 Billion | 11.2% |
| Inventory | ₩894.01 Billion | 19.5% |
| Property, Plant & Equipment | ₩0.00 | 0.0% |
| Intangible Assets | ₩16.97 Billion | 0.4% |
| Goodwill | ₩1.44 Billion | 0.0% |
Asset Composition Trend (2006–2024)
This chart illustrates how Nexen Tire's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Nexen Tire's current assets represent 41.0% of total assets in 2024, an increase from 0.0% in 2006.
- Cash Position: Cash and equivalents constituted 3.0% of total assets in 2024, up from 2.9% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2006.
- Asset Diversification: The largest asset category is inventory at 19.5% of total assets.
Nexen Tire Competitors by Total Assets
Key competitors of Nexen Tire based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
iQ International AG
F:IQL
|
Germany | €35.73 Million |
|
Metaterra Corp.
PINK:MTRC
|
USA | $54.63K |
|
Daewonkangup
KO:000430
|
Korea | ₩1.39 Trillion |
|
Wanxiang Qianchao Co Ltd
SHE:000559
|
China | CN¥24.64 Billion |
|
Weifu High-Technology Group Co Ltd
SHE:000581
|
China | CN¥29.08 Billion |
|
Gui Zhou Tyre Co Ltd
SHE:000589
|
China | CN¥18.30 Billion |
|
Qingdao Doublestar Co Ltd
SHE:000599
|
China | CN¥9.23 Billion |
|
Hengli Industrial Development Group Co Ltd
SHE:000622
|
China | CN¥481.53 Million |
Nexen Tire - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Nexen Tire generates 0.62x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Nexen Tire generates $ 2.76 in net profit.
Nexen Tire - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.33 | 1.25 | 1.57 |
| Quick Ratio | 0.79 | 0.75 | 1.11 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | ₩525.30 Billion | ₩ 369.63 Billion | ₩ 433.52 Billion |
Nexen Tire - Advanced Valuation Insights
This section examines the relationship between Nexen Tire's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.47 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 8.1% |
| Total Assets | ₩4.57 Trillion |
| Market Capitalization | $173.78 Million USD |
Valuation Analysis
Below Book Valuation: The market values Nexen Tire's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Nexen Tire's assets grew by 8.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Nexen Tire (2006–2024)
The table below shows the annual total assets of Nexen Tire from 2006 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ₩4.57 Trillion | +8.08% |
| 2023-12-31 | ₩4.23 Trillion | +7.31% |
| 2022-12-31 | ₩3.94 Trillion | +3.16% |
| 2021-12-31 | ₩3.82 Trillion | +7.97% |
| 2020-12-31 | ₩3.54 Trillion | +3.06% |
| 2019-12-31 | ₩3.44 Trillion | +5.98% |
| 2018-12-31 | ₩3.24 Trillion | +16.04% |
| 2017-12-31 | ₩2.79 Trillion | +6.73% |
| 2016-12-31 | ₩2.62 Trillion | +1.44% |
| 2015-12-31 | ₩2.58 Trillion | +2.12% |
| 2014-12-31 | ₩2.53 Trillion | +9.89% |
| 2013-12-31 | ₩2.30 Trillion | +12.97% |
| 2012-12-31 | ₩2.04 Trillion | +7.02% |
| 2011-12-31 | ₩1.90 Trillion | +58.27% |
| 2010-12-31 | ₩1.20 Trillion | +17.81% |
| 2009-12-31 | ₩1.02 Trillion | +2.15% |
| 2008-12-31 | ₩998.71 Billion | +40.18% |
| 2007-12-31 | ₩712.47 Billion | +26.80% |
| 2006-12-31 | ₩561.89 Billion | -- |