Mi Chang Oil
Michang Oil Ind. Co., Ltd. engages in the petrochemical business in South Korea. It offers automotive lubricants, including motor, gasoline engine, diesel engine, gear, and automatic transmission oils, as well as other application oils; and transformer oils. The company also provides industrial lubricants, such as hydraulic, gear, turbine, and heat transfer oils; and rubber process oils comprisin… Read more
Mi Chang Oil (003650) - Total Assets
Latest total assets as of September 2025: ₩512.60 Billion KRW
Based on the latest financial reports, Mi Chang Oil (003650) holds total assets worth ₩512.60 Billion 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.
Mi Chang Oil - Total Assets Trend (2009–2024)
This chart illustrates how Mi Chang Oil’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Mi Chang Oil - Asset Composition Analysis
Current Asset Composition (December 2024)
Mi Chang Oil's total assets of ₩512.60 Billion consist of 73.8% current assets and 26.2% non-current assets.
| Asset Category | Amount (KRW) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₩0.00 | 6.9% |
| Accounts Receivable | ₩68.30 Billion | 14.0% |
| Inventory | ₩57.29 Billion | 11.7% |
| Property, Plant & Equipment | ₩0.00 | 0.0% |
| Intangible Assets | ₩342.94 Million | 0.1% |
| Goodwill | ₩0.00 | 0.0% |
Asset Composition Trend (2009–2024)
This chart illustrates how Mi Chang Oil'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: Mi Chang Oil's current assets represent 73.8% of total assets in 2024, a decrease from 84.9% in 2009.
- Cash Position: Cash and equivalents constituted 6.9% of total assets in 2024, up from 0.9% in 2009.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2009.
- Asset Diversification: The largest asset category is accounts receivable at 14.0% of total assets.
Mi Chang Oil Competitors by Total Assets
Key competitors of Mi Chang Oil based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shandong Shengli Co Ltd
SHE:000407
|
China | CN¥6.05 Billion |
|
Sinopec Shandong Taishan Petroleum Co Ltd
SHE:000554
|
China | CN¥1.77 Billion |
|
Jiangsu Gaoke Petrochemical Co
SHE:002778
|
China | CN¥905.01 Million |
|
Hankook Shell Oil
KO:002960
|
Korea | ₩188.72 Billion |
|
SK Discovery Co Ltd
KO:006120
|
Korea | ₩15.46 Trillion |
|
S-Oil Corp
KO:010950
|
Korea | ₩24.99 Trillion |
|
The LEADCORP Inc
KQ:012700
|
Korea | ₩1.05 Trillion |
|
Hiap Huat Holdings Bhd
KLSE:0160
|
Malaysia | RM396.34 Million |
Mi Chang Oil - 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
Strong asset utilization - Mi Chang Oil generates 0.88x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Mi Chang Oil generates $ 10.76 in net profit.
Mi Chang Oil - 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 | 8.87 | 4.62 | 7.97 |
| Quick Ratio | 7.47 | 3.87 | 6.33 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | ₩332.98 Billion | ₩ 294.64 Billion | ₩ 191.62 Billion |
Mi Chang Oil - Advanced Valuation Insights
This section examines the relationship between Mi Chang Oil'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 | 0.46 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 17.5% |
| Total Assets | ₩488.93 Billion |
| Market Capitalization | $49.26 Million USD |
Valuation Analysis
Below Book Valuation: The market values Mi Chang Oil's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Mi Chang Oil's assets grew by 17.5% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Mi Chang Oil (2009–2024)
The table below shows the annual total assets of Mi Chang Oil from 2009 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ₩488.93 Billion | +17.46% |
| 2023-12-31 | ₩416.24 Billion | +16.49% |
| 2022-12-31 | ₩357.33 Billion | +2.80% |
| 2021-12-31 | ₩347.60 Billion | +11.48% |
| 2020-12-31 | ₩311.81 Billion | +5.57% |
| 2019-12-31 | ₩295.37 Billion | +4.31% |
| 2018-12-31 | ₩283.17 Billion | +0.83% |
| 2017-12-31 | ₩280.84 Billion | +0.23% |
| 2016-12-31 | ₩280.21 Billion | +11.34% |
| 2015-12-31 | ₩251.66 Billion | +16.69% |
| 2014-12-31 | ₩215.67 Billion | +4.26% |
| 2013-12-31 | ₩206.85 Billion | +1.84% |
| 2012-12-31 | ₩203.12 Billion | +4.66% |
| 2011-12-31 | ₩194.07 Billion | +6.47% |
| 2010-12-31 | ₩182.27 Billion | +10.26% |
| 2009-12-31 | ₩165.31 Billion | -- |