Nexen Tire (002350) - Total Assets
Based on the latest financial reports, Nexen Tire (002350) holds total assets worth ₩4.94 Trillion KRW (≈ $3.35 Billion USD) 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. Check cash flow reinvestment rate of Nexen Tire to assess the company's total reinvestment commitment from operating cash flow.
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 002350 long-term investment intensity to see how much of total assets are deployed in long-term investments.
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. For live market cap, price, and company overview, see Nexen Tire market capitalisation.
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 |
|---|---|---|
|
Bridgestone Corporation
F:BGTA
|
Germany | €5.75 Trillion |
|
CONTINENTAL AG ADR 1/10
F:CONA
|
Germany | €17.79 Billion |
|
Balkrishna Industries Limited
NSE:BALKRISIND
|
India | Rs165.05 Billion |
|
Xiangyang Changyuan Donggu Industry Co Ltd
SHG:603950
|
China | CN¥5.96 Billion |
|
Ningbo Kbe Electrical Technology Co
SHE:300863
|
China | CN¥4.15 Billion |
|
Shenzhen Changhong Tech
SHE:300151
|
China | CN¥2.68 Billion |
|
NINGBO HENGSHUAI Co. LTD.
SHE:300969
|
China | CN¥1.98 Billion |
|
Kunshan Huguang Auto Harness Co Ltd
SHG:605333
|
China | CN¥8.27 Billion |
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 | $464.65 Million USD |
Valuation Analysis
Below Book Valuation: The market values Nexen Tire's assets below their book value (0.00x), 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 ≈ $3.10 Billion |
+8.08% |
| 2023-12-31 | ₩4.23 Trillion ≈ $2.87 Billion |
+7.31% |
| 2022-12-31 | ₩3.94 Trillion ≈ $2.67 Billion |
+3.16% |
| 2021-12-31 | ₩3.82 Trillion ≈ $2.59 Billion |
+7.97% |
| 2020-12-31 | ₩3.54 Trillion ≈ $2.40 Billion |
+3.06% |
| 2019-12-31 | ₩3.44 Trillion ≈ $2.33 Billion |
+5.98% |
| 2018-12-31 | ₩3.24 Trillion ≈ $2.20 Billion |
+16.04% |
| 2017-12-31 | ₩2.79 Trillion ≈ $1.89 Billion |
+6.73% |
| 2016-12-31 | ₩2.62 Trillion ≈ $1.77 Billion |
+1.44% |
| 2015-12-31 | ₩2.58 Trillion ≈ $1.75 Billion |
+2.12% |
| 2014-12-31 | ₩2.53 Trillion ≈ $1.71 Billion |
+9.89% |
| 2013-12-31 | ₩2.30 Trillion ≈ $1.56 Billion |
+12.97% |
| 2012-12-31 | ₩2.04 Trillion ≈ $1.38 Billion |
+7.02% |
| 2011-12-31 | ₩1.90 Trillion ≈ $1.29 Billion |
+58.27% |
| 2010-12-31 | ₩1.20 Trillion ≈ $814.48 Million |
+17.81% |
| 2009-12-31 | ₩1.02 Trillion ≈ $691.35 Million |
+2.15% |
| 2008-12-31 | ₩998.71 Billion ≈ $676.81 Million |
+40.18% |
| 2007-12-31 | ₩712.47 Billion ≈ $482.83 Million |
+26.80% |
| 2006-12-31 | ₩561.89 Billion ≈ $380.79 Million |
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About 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.