POLARIS WORKS Inc (123010) - Total Assets
Based on the latest financial reports, POLARIS WORKS Inc (123010) holds total assets worth ₩51.95 Billion KRW (≈ $35.21 Million 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. Explore how well can POLARIS WORKS Inc service its debt to assess how comfortably operating cash covers total debt obligations.
POLARIS WORKS Inc - Total Assets Trend (2014–2024)
This chart illustrates how POLARIS WORKS Inc's total assets have evolved over time, based on quarterly financial data. See POLARIS WORKS Inc book value and equity for net asset value and shareholders' equity analysis.
POLARIS WORKS Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
POLARIS WORKS Inc's total assets of ₩51.95 Billion consist of 36.9% current assets and 63.1% non-current assets.
| Asset Category | Amount (KRW) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₩0.00 | 6.8% |
| Accounts Receivable | ₩7.19 Billion | 13.7% |
| Inventory | ₩2.18 Billion | 4.2% |
| Property, Plant & Equipment | ₩0.00 | 0.0% |
| Intangible Assets | ₩635.22 Million | 1.2% |
| Goodwill | ₩822.17 Million | 1.6% |
Asset Composition Trend (2014–2024)
This chart illustrates how POLARIS WORKS Inc'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 market cap of POLARIS WORKS Inc.
Key Asset Composition Facts
- Current vs. Non-Current Assets: POLARIS WORKS Inc's current assets represent 36.9% of total assets in 2024, a decrease from 40.2% in 2014.
- Cash Position: Cash and equivalents constituted 6.8% of total assets in 2024, down from 8.2% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 2014.
- Asset Diversification: The largest asset category is accounts receivable at 13.7% of total assets.
POLARIS WORKS Inc Competitors by Total Assets
Key competitors of POLARIS WORKS Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
TongFu Microelectronics Co Ltd
SHE:002156
|
China | CN¥45.47 Billion |
|
Anji Microelectronics Tech Co Ltd
SHG:688019
|
China | CN¥5.45 Billion |
|
Beijing Huafeng Test & Control Technology Co Ltd
SHG:688200
|
China | CN¥3.94 Billion |
|
Shenzhen Newway Photomask Making Co. Ltd. A
SHG:688401
|
China | CN¥3.18 Billion |
|
JHT Design Co. Ltd. Cl A
SHG:603061
|
China | CN¥2.36 Billion |
|
Adaptive Plasma Technology Corp
KQ:089970
|
Korea | ₩212.75 Billion |
|
Zhejiang Mtcn Technology Co Ltd
SHE:003026
|
China | CN¥1.26 Billion |
|
Spectra7 Microsystems Inc
V:SEV
|
Canada | CA$3.23 Million |
POLARIS WORKS Inc - 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 | 1.48 | 1.07 | 1.46 |
| Quick Ratio | 1.27 | 0.92 | 1.40 |
| Cash Ratio | 0.00 | 0.14 | 0.00 |
| Working Capital | ₩7.23 Billion | ₩1.44 Billion | ₩6.31 Billion |
POLARIS WORKS Inc - Advanced Valuation Insights
This section examines the relationship between POLARIS WORKS Inc'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 | 1.32 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -30.8% |
| Total Assets | ₩52.47 Billion |
| Market Capitalization | $50.76 Million USD |
Valuation Analysis
Below Book Valuation: The market values POLARIS WORKS Inc's assets below their book value (0.00x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: POLARIS WORKS Inc's assets decreased by 30.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for POLARIS WORKS Inc (2014–2024)
The table below shows the annual total assets of POLARIS WORKS Inc from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ₩52.47 Billion ≈ $35.56 Million |
-30.78% |
| 2023-12-31 | ₩75.81 Billion ≈ $51.37 Million |
-5.18% |
| 2022-12-31 | ₩79.95 Billion ≈ $54.18 Million |
+79.13% |
| 2021-12-31 | ₩44.63 Billion ≈ $30.25 Million |
+6.86% |
| 2020-12-31 | ₩41.77 Billion ≈ $28.30 Million |
+44.87% |
| 2019-12-31 | ₩28.83 Billion ≈ $19.54 Million |
+63.55% |
| 2018-12-31 | ₩17.63 Billion ≈ $11.95 Million |
-19.21% |
| 2017-12-31 | ₩21.82 Billion ≈ $14.79 Million |
-22.26% |
| 2016-12-31 | ₩28.07 Billion ≈ $19.02 Million |
+4.27% |
| 2015-12-31 | ₩26.92 Billion ≈ $18.24 Million |
+16.45% |
| 2014-12-31 | ₩23.12 Billion ≈ $15.67 Million |
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About POLARIS WORKS Inc
iWIN PLUS CO.,LTD., together with its subsidiaries, provides image sensor packaging and testing solutions in South Korea, Taiwan, China, Germany, and internationally. It operates in three segments: Image Sensor, Automobile Parts, and Mobile Phone Parts. The company offers NeoPac, a photo sensor chip scale package for application in image sensors. It also develops and sells semiconductor chips for… Read more