Ray Co. Ltd
RAY Co., Ltd. provides x-ray diagnostic equipment in the dental industry. The company offers RAYSACN Series, RAYios, RAYFace, RAYDENT Microscan, RIO Series, RAYDENT designer and tray, RAYSmiler, RAYDENT Studio, and RAYDENT Mill 4X and 5X, as well as consumables. RAY Co., Ltd. was incorporated in 2004 and is headquartered in Seongnam-si, South Korea.
Ray Co. Ltd (228670) - Total Assets
Latest total assets as of September 2025: ₩210.17 Billion KRW
Based on the latest financial reports, Ray Co. Ltd (228670) holds total assets worth ₩210.17 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.
Ray Co. Ltd - Total Assets Trend (2016–2024)
This chart illustrates how Ray Co. Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ray Co. Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Ray Co. Ltd's total assets of ₩210.17 Billion consist of 58.4% current assets and 41.6% non-current assets.
| Asset Category | Amount (KRW) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₩22.09 Billion | 10.8% |
| Accounts Receivable | ₩54.33 Billion | 26.6% |
| Inventory | ₩26.66 Billion | 13.1% |
| Property, Plant & Equipment | ₩42.53 Billion | 20.8% |
| Intangible Assets | ₩9.16 Billion | 4.5% |
| Goodwill | ₩7.98 Billion | 3.9% |
Asset Composition Trend (2016–2024)
This chart illustrates how Ray 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: Ray Co. Ltd's current assets represent 58.4% of total assets in 2024, a decrease from 76.1% in 2016.
- Cash Position: Cash and equivalents constituted 10.8% of total assets in 2024, down from 20.7% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, a decrease from 9.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 26.6% of total assets.
Ray Co. Ltd Competitors by Total Assets
Key competitors of Ray Co. Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Cheelcare Inc.
V:CHER
|
Canada | CA$4.27 Million |
|
FluroTech Ltd
OTCQB:FLURF
|
USA | $282.20K |
|
DRGEM Corporation
KQ:263690
|
Korea | ₩119.28 Billion |
|
Shanghai Kehua Bio-Engineering Co Ltd
SHE:002022
|
China | CN¥5.17 Billion |
|
Jiangsu Yuyue Medical Equipment & Supply Co Ltd
SHE:002223
|
China | CN¥16.67 Billion |
|
Double Medical Technology Inc
SHE:002901
|
China | CN¥4.55 Billion |
|
Wuhan Easy Diagnosis Biomedicine Co Ltd Class A
SHE:002932
|
China | CN¥6.10 Billion |
|
Shinhung
KO:004080
|
Korea | ₩153.50 Billion |
Ray 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
Lower asset utilization - Ray Co. Ltd generates 0.39x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Ray Co. Ltd is currently not profitable relative to its asset base.
Ray 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 | 1.15 | 1.46 | 3.57 |
| Quick Ratio | 0.87 | 1.19 | 2.59 |
| Cash Ratio | 0.00 | 0.19 | 0.00 |
| Working Capital | ₩15.75 Billion | ₩ 40.41 Billion | ₩ 45.76 Billion |
Ray Co. Ltd - Advanced Valuation Insights
This section examines the relationship between Ray 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 | 0.97 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -21.3% |
| Total Assets | ₩204.22 Billion |
| Market Capitalization | $33.13 Million USD |
Valuation Analysis
Below Book Valuation: The market values Ray 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: Ray Co. Ltd's assets decreased by 21.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Ray Co. Ltd (2016–2024)
The table below shows the annual total assets of Ray Co. Ltd from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ₩204.22 Billion | -21.32% |
| 2023-12-31 | ₩259.55 Billion | +16.81% |
| 2022-12-31 | ₩222.20 Billion | +25.32% |
| 2021-12-31 | ₩177.31 Billion | +98.78% |
| 2020-12-31 | ₩89.20 Billion | +16.36% |
| 2019-12-31 | ₩76.66 Billion | +85.73% |
| 2018-12-31 | ₩41.27 Billion | +59.93% |
| 2017-12-31 | ₩25.81 Billion | +6.02% |
| 2016-12-31 | ₩24.34 Billion | -- |