Global Tax Free Co. Ltd
Global Tax Free Co., Ltd. operates as tax refund company for foreign tourists in South Korea, Singapore, Japan, and France. The company offers electronic tax refund system; and marketing services for clients and merchants. It also engages in the manufacturing and online and offline sales of cosmetics; and construction and sales of IT. The company was formerly known as TAX FREE KOREA CO., LTD. and… Read more
Global Tax Free Co. Ltd (204620) - Total Assets
Latest total assets as of September 2025: ₩203.81 Billion KRW
Based on the latest financial reports, Global Tax Free Co. Ltd (204620) holds total assets worth ₩203.81 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.
Global Tax Free Co. Ltd - Total Assets Trend (2016–2024)
This chart illustrates how Global Tax Free Co. Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Global Tax Free Co. Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Global Tax Free Co. Ltd's total assets of ₩203.81 Billion consist of 77.4% current assets and 22.6% non-current assets.
| Asset Category | Amount (KRW) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₩22.00 Billion | 43.7% |
| Accounts Receivable | ₩634.61 Million | 0.4% |
| Inventory | ₩1.38 Billion | 0.8% |
| Property, Plant & Equipment | ₩2.62 Billion | 1.5% |
| Intangible Assets | ₩3.18 Billion | 1.8% |
| Goodwill | ₩4.92 Billion | 2.8% |
Asset Composition Trend (2016–2024)
This chart illustrates how Global Tax Free 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: Global Tax Free Co. Ltd's current assets represent 77.4% of total assets in 2024, a decrease from 100.0% in 2016.
- Cash Position: Cash and equivalents constituted 43.7% of total assets in 2024, down from 378.3% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, a decrease from 20.0% in 2016.
- Asset Diversification: The largest asset category is cash and equivalents at 43.7% of total assets.
Global Tax Free Co. Ltd Competitors by Total Assets
Key competitors of Global Tax Free Co. Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shaanxi Jinye Science Technology and Education Group Co Ltd
SHE:000812
|
China | CN¥5.75 Billion |
|
Tungkong Inc
SHE:002117
|
China | CN¥1.92 Billion |
|
Eternal Asia Supply Chain Management Ltd
SHE:002183
|
China | CN¥54.04 Billion |
|
Hongbo Co Ltd
SHE:002229
|
China | CN¥2.43 Billion |
|
Beijing Shengtong Printing Co Ltd
SHE:002599
|
China | CN¥2.14 Billion |
|
Shanghai Nar Industrial Co Ltd
SHE:002825
|
China | CN¥2.78 Billion |
|
Xuchang Ketop Testing Research Ins
SHE:003008
|
China | CN¥1.10 Billion |
|
GFM Services Bhd
KLSE:0039
|
Malaysia | RM644.83 Million |
Global Tax Free 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 - Global Tax Free Co. Ltd generates 0.74x 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, Global Tax Free Co. Ltd generates $ 3.20 in net profit.
Global Tax Free 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 | 3.68 | 2.98 | 2.56 |
| Quick Ratio | 3.68 | 2.95 | 2.46 |
| Cash Ratio | 0.00 | 0.52 | 0.00 |
| Working Capital | ₩128.97 Billion | ₩ 90.38 Billion | ₩ 31.83 Billion |
Global Tax Free Co. Ltd - Advanced Valuation Insights
This section examines the relationship between Global Tax Free 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 | 3.64 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 4.6% |
| Total Assets | ₩174.54 Billion |
| Market Capitalization | $149.87 Million USD |
Valuation Analysis
Below Book Valuation: The market values Global Tax Free Co. Ltd's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Global Tax Free Co. Ltd's assets grew by 4.6% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Global Tax Free Co. Ltd (2016–2024)
The table below shows the annual total assets of Global Tax Free Co. Ltd from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ₩174.54 Billion | +4.56% |
| 2023-12-31 | ₩166.93 Billion | +14.84% |
| 2022-12-31 | ₩145.36 Billion | +11.83% |
| 2021-12-31 | ₩129.99 Billion | +22.09% |
| 2020-12-31 | ₩106.47 Billion | -15.86% |
| 2019-12-31 | ₩126.54 Billion | +12.81% |
| 2018-12-31 | ₩112.17 Billion | +47.69% |
| 2017-12-31 | ₩75.95 Billion | +479.43% |
| 2016-12-31 | ₩13.11 Billion | -- |