Formetal Co. Ltd
Formetal Co., Ltd. operates as a metal forging company in Korea. It is involved in free, metal, composite, and non-ferrous metal forging activities. The company provides RV gears, hold flanges, and shafts for the wind power generation industry; eyes, ice cleats, sprockets, oil caps, wear rings, hubs, wheels, and alex arms for the defense industry; and boom, center, and front bearings, as well as … Read more
Formetal Co. Ltd (119500) - Total Assets
Latest total assets as of September 2025: ₩62.96 Billion KRW
Based on the latest financial reports, Formetal Co. Ltd (119500) holds total assets worth ₩62.96 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.
Formetal Co. Ltd - Total Assets Trend (2014–2024)
This chart illustrates how Formetal Co. Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Formetal Co. Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Formetal Co. Ltd's total assets of ₩62.96 Billion consist of 35.2% current assets and 64.8% non-current assets.
| Asset Category | Amount (KRW) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₩4.32 Billion | 0.0% |
| Accounts Receivable | ₩9.15 Billion | 14.7% |
| Inventory | ₩7.85 Billion | 12.6% |
| Property, Plant & Equipment | ₩40.05 Billion | 64.4% |
| Intangible Assets | ₩21.41 Million | 0.0% |
| Goodwill | ₩0.00 | 0.0% |
Asset Composition Trend (2014–2024)
This chart illustrates how Formetal 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: Formetal Co. Ltd's current assets represent 35.2% of total assets in 2024, an increase from 29.7% in 2014.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2024, down from 6.4% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2014.
- Asset Diversification: The largest asset category is property, plant & equipment at 64.4% of total assets.
Formetal Co. Ltd Competitors by Total Assets
Key competitors of Formetal Co. Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Hejin Holding Co Ltd
SHE:000633
|
China | CN¥311.40 Million |
|
Chongqing Changjiang River Moulding Material (Group) Co. Ltd.
SHE:001296
|
China | CN¥2.22 Billion |
|
Winstech Precision Hldg Co
SHE:001319
|
China | CN¥1.77 Billion |
|
Guangdong Jingyi Metal Co Ltd
SHE:002295
|
China | CN¥2.52 Billion |
|
Shanghai Xinpeng Industry Co Ltd
SHE:002328
|
China | CN¥5.66 Billion |
|
Beijing Lier High Temperature Materials Co Ltd
SHE:002392
|
China | CN¥10.29 Billion |
|
Suzhou Victory Precision Manufacture Co Ltd
SHE:002426
|
China | CN¥6.59 Billion |
|
Dajin Heavy Industry Corp
SHE:002487
|
China | CN¥14.23 Billion |
Formetal 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 - Formetal Co. Ltd generates 1.05x 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, Formetal Co. Ltd generates $ 2.52 in net profit.
Formetal 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 | 2.38 | 1.87 | 1.21 |
| Quick Ratio | 1.57 | 1.07 | 0.87 |
| Cash Ratio | 0.00 | 0.28 | 0.00 |
| Working Capital | ₩13.92 Billion | ₩ 11.12 Billion | ₩ 3.08 Billion |
Formetal Co. Ltd - Advanced Valuation Insights
This section examines the relationship between Formetal 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 | 0.98 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -5.1% |
| Total Assets | ₩62.22 Billion |
| Market Capitalization | $21.48 Million USD |
Valuation Analysis
Below Book Valuation: The market values Formetal Co. Ltd's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Formetal Co. Ltd's assets decreased by 5.1% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Formetal Co. Ltd (2014–2024)
The table below shows the annual total assets of Formetal Co. Ltd from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ₩62.22 Billion | -5.08% |
| 2023-12-31 | ₩65.55 Billion | -2.38% |
| 2022-12-31 | ₩67.15 Billion | +4.14% |
| 2021-12-31 | ₩64.48 Billion | +1.98% |
| 2020-12-31 | ₩63.22 Billion | +0.85% |
| 2019-12-31 | ₩62.69 Billion | +3.36% |
| 2018-12-31 | ₩60.66 Billion | -0.26% |
| 2017-12-31 | ₩60.82 Billion | +10.37% |
| 2016-12-31 | ₩55.10 Billion | -0.05% |
| 2015-12-31 | ₩55.13 Billion | -7.64% |
| 2014-12-31 | ₩59.69 Billion | -- |