Changhae Ethanol Co. Ltd
Changhae Ethanol Co., Ltd. produces and sells spirits from sugar cane, tapioca, rice, and barley crops in South Korea. The company offers fermented ethyl alcohol and refined alcohol. It also provides DDGS, a raw material for manufacturing high quality feed; CO2, a carbon dioxide gas generated during fermentation process; and CDS, a raw material for liquid feed and fertilizer. In addition, the com… Read more
Changhae Ethanol Co. Ltd (004650) - Total Assets
Latest total assets as of September 2025: ₩193.25 Billion KRW
Based on the latest financial reports, Changhae Ethanol Co. Ltd (004650) holds total assets worth ₩193.25 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.
Changhae Ethanol Co. Ltd - Total Assets Trend (2014–2024)
This chart illustrates how Changhae Ethanol Co. Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Changhae Ethanol Co. Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Changhae Ethanol Co. Ltd's total assets of ₩193.25 Billion consist of 35.2% current assets and 64.8% non-current assets.
| Asset Category | Amount (KRW) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₩6.45 Billion | 3.4% |
| Accounts Receivable | ₩24.22 Billion | 12.7% |
| Inventory | ₩23.31 Billion | 12.3% |
| Property, Plant & Equipment | ₩39.51 Billion | 20.8% |
| Intangible Assets | ₩303.76 Million | 0.2% |
| Goodwill | ₩46.92 Billion | 24.7% |
Asset Composition Trend (2014–2024)
This chart illustrates how Changhae Ethanol Co. Ltd'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: Changhae Ethanol Co. Ltd's current assets represent 35.2% of total assets in 2024, a decrease from 44.9% in 2014.
- Cash Position: Cash and equivalents constituted 3.4% of total assets in 2024, down from 3.7% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 24.0% of total assets, an increase from 1.0% in 2014.
- Asset Diversification: The largest asset category is goodwill at 24.7% of total assets.
Changhae Ethanol Co. Ltd Competitors by Total Assets
Key competitors of Changhae Ethanol Co. Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hite Jinro
KO:000080
|
Korea | ₩3.44 Trillion |
|
Luzhou Lao Jiao Co Ltd
SHE:000568
|
China | CN¥65.50 Billion |
|
Jiugui Liquor Co Ltd
SHE:000799
|
China | CN¥4.65 Billion |
|
Wuliangye Yibin Co Ltd
SHE:000858
|
China | CN¥181.07 Billion |
|
Beijing Shunxin Agriculture Co Ltd
SHE:000860
|
China | CN¥12.93 Billion |
|
Yantai Changyu Pioneer Wine Co Ltd
SHE:000869
|
China | CN¥12.16 Billion |
|
Bohae Brewery
KO:000890
|
Korea | ₩143.36 Billion |
|
Jiangsu Yanghe Brewery Joint-Stock Co Ltd
SHE:002304
|
China | CN¥59.50 Billion |
Changhae Ethanol Co. Ltd - 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 - Changhae Ethanol Co. Ltd generates 0.72x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Changhae Ethanol Co. Ltd generates $6.59 in net profit.
Changhae Ethanol Co. Ltd - 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 | 1.32 | 1.43 | 0.95 |
| Quick Ratio | 0.99 | 0.96 | 0.68 |
| Cash Ratio | 0.00 | 0.17 | 0.00 |
| Working Capital | ₩16.50 Billion | ₩ 19.90 Billion | ₩ -2.95 Billion |
Changhae Ethanol Co. Ltd - Advanced Valuation Insights
This section examines the relationship between Changhae Ethanol Co. Ltd'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 | 0.54 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -0.7% |
| Total Assets | ₩190.09 Billion |
| Market Capitalization | $32.47 Million USD |
Valuation Analysis
Below Book Valuation: The market values Changhae Ethanol Co. Ltd's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Changhae Ethanol Co. Ltd's assets decreased by 0.7% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Changhae Ethanol Co. Ltd (2014–2024)
The table below shows the annual total assets of Changhae Ethanol Co. Ltd from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ₩190.09 Billion | -0.72% |
| 2023-12-31 | ₩191.47 Billion | -1.85% |
| 2022-12-31 | ₩195.08 Billion | +2.67% |
| 2021-12-31 | ₩190.02 Billion | -2.93% |
| 2020-12-31 | ₩195.75 Billion | +1.40% |
| 2019-12-31 | ₩193.04 Billion | -47.17% |
| 2018-12-31 | ₩365.40 Billion | -4.63% |
| 2017-12-31 | ₩383.13 Billion | -4.10% |
| 2016-12-31 | ₩399.50 Billion | +16.25% |
| 2015-12-31 | ₩343.67 Billion | +10.39% |
| 2014-12-31 | ₩311.31 Billion | -- |