Cash flow OPASNET co., Ltd.

Stocks

A173130

KR7173130006

IT Services & Consulting

End-of-day quote Korea S.E. 2026-09-10			5-day change	1st Jan Change
6,300.00 ^KRW	-0.32%		+12.50%	-5.12%

12-14	OPASNET co., Ltd. announces Annual dividend, payable on April 22, 2026	CI
23-05-14	OPASNET co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	CI

64a175a6d80cf1be0049cf7c.V_a7wGwpKOV2uR-mJdso69uRoillKH3QTtBdNcELOkI.EcTxkQNtd4IgimvfbuIdopbj9UgVTRKgd4JlTZF_DhcVpuH5QWQfnTvAfA

Published financial data: OPASNET CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Revenues	122B	171B	225B	193B	233B
Other Revenues, Total	-	-10	-10	-	-
Total Revenues	122B	171B	225B	193B	233B
Cost of Goods Sold, Total	102B	145B	192B	159B	193B
Gross Profit	19.34B	25.67B	32.72B	33.46B	39.93B
Selling General & Admin Expenses, Total	12.91B	16.36B	17.95B	21.07B	23.25B
Provision for Bad Debts	-27.32M	-41.1M	-37.19M	309M	899M
R&D Expenses	191M	270M	226M	269M	484M
Depreciation & Amortization - (IS)	417M	480M	554M	1.03B	1.1B
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	2.29M
Other Operating Expenses	49.29M	82.45M	78.94M	130M	144M
Other Operating Expenses, Total	13.54B	17.15B	18.77B	22.81B	25.88B
Operating Income	5.8B	8.52B	13.95B	10.65B	14.04B
Interest Expense, Total	-202M	-873M	-1.67B	-1.41B	-885M
Interest And Investment Income	127M	194M	414M	1.89B	937M
Net Interest Expenses	-75.18M	-678M	-1.25B	482M	51.75M
Currency Exchange Gains (Loss)	29.91M	-97.25M	44.73M	47.26M	23.31M
Other Non Operating Income (Expenses)	138M	99.87M	-305M	1.05B	-64.61M
EBT, Excl. Unusual Items	5.89B	7.85B	12.44B	12.23B	14.06B
Gain (Loss) On Sale Of Investments	-5.36M	-590M	525M	-166M	923M
Gain (Loss) On Sale Of Assets	-	-5.74M	-4.56M	2.53M	-4K
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	5.88B	7.25B	12.96B	12.07B	14.98B
Income Tax Expense	-347M	1.18B	2.5B	2.42B	2.96B
Earnings From Continuing Operations	6.23B	6.07B	10.46B	9.65B	12.01B
Net Income to Company	6.23B	6.07B	10.46B	9.65B	12.01B
Minority Interest	-	-	-6.19M	-102M	648M
Net Income - (IS)	6.23B	6.07B	10.45B	9.54B	12.66B
Net Income to Common Incl Extra Items	6.23B	6.07B	10.45B	9.54B	12.66B
Net Income to Common Excl. Extra Items	6.23B	6.07B	10.45B	9.54B	12.66B
Per Share Items
Net EPS - Basic	482.01	469.45	806.91	731.73	970.85
Basic EPS - Continuing Operations	482.01	469.45	806.91	731.73	970.85
Basic Weighted Average Shares Outstanding	12.93M	12.93M	12.96M	13.04M	13.04M
Net EPS - Diluted	481.82	469.09	806.91	731.73	970.85
Diluted EPS - Continuing Operations	481.82	469.09	806.91	731.73	970.85
Diluted Weighted Average Shares Outstanding	12.93M	12.93M	12.96M	13.04M	13.04M
Normalized Basic EPS	284.74	379.44	599.51	578.16	723.18
Normalized Diluted EPS	284.74	379.44	599.51	578.16	723.18
Dividend Per Share	45.45	45.45	90.91	100	-
Payout Ratio	-	9.68	5.62	12.43	10.3
Supplemental Items
EBITDA	6.73B	9.53B	15.14B	12B	15.43B
EBITA	5.8B	8.52B	13.95B	10.65B	14.05B
EBIT	5.8B	8.52B	13.95B	10.65B	14.04B
EBITDAR	6.92B	9.76B	15.36B	12.23B	15.68B
Effective Tax Rate - (Ratio)	-5.9	16.33	19.27	20.05	19.78
Normalized Net Income	3.68B	4.91B	7.77B	7.54B	9.43B
Supplemental Operating Expense Items
Advertising Expense	16.86M	14.23M	56.29M	13.1M	49.79M
Selling and Marketing Expenses	843M	1.21B	1.26B	1.04B	1.12B
General and Administrative Expenses	141M	179M	172M	219M	244M
Research And Development Expense From Footnotes	191M	270M	226M	269M	484M
Net Rental Expense, Total	187M	236M	221M	228M	247M
Imputed Operating Lease Interest Expense	81.06M	82.45M	110M	134M	136M
Imputed Operating Lease Depreciation	106M	154M	112M	93.27M	112M
Maintenance & Repair Expenses, Total	110M	135M	144M	149M	156M

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Assets
Cash And Equivalents	22.56B	13B	25.99B	33.69B	49.36B
Short Term Investments	2.45B	2.52B	2.53B	2.67B	2.59B
Trading Asset Securities, Total	1.65B	1.14B	1.62B	865M	5.4B
Total Cash And Short Term Investments	26.65B	16.66B	30.15B	37.23B	57.35B
Accounts Receivable, Total	16.13B	23.86B	30.87B	35.88B	32.05B
Other Receivables	21.41M	2.34B	1.42B	1.75B	2.84B
Notes Receivable	125M	82.6M	194M	108M	96M
Total Receivables	16.27B	26.28B	32.49B	37.74B	34.98B
Inventory	16.89B	48.33B	28.07B	27.91B	27.91B
Prepaid Expenses	3.46B	4.24B	4.82B	6.07B	4.66B
Other Current Assets, Total	1.67B	4.72B	3.32B	2.79B	2.58B
Total Current Assets	64.94B	100B	98.84B	112B	127B
Gross Property Plant And Equipment	3.48B	3.73B	2.62B	6.73B	6.48B
Accumulated Depreciation	-1.85B	-2.07B	-	-3.21B	-3.76B
Net Property Plant And Equipment	1.63B	1.65B	2.62B	3.52B	2.72B
Long-term Investments	1.96B	1.92B	2B	2.05B	2.3B
Other Intangibles, Total	754M	754M	1.03B	1.03B	1.02B
Accounts Receivable Long-Term	468M	7.55B	10.98B	9.28B	5.32B
Loans Receivable Long-Term	245M	224M	246M	212M	172M
Deferred Tax Assets Long-Term	1.87B	1.72B	1.82B	2.31B	2.94B
Other Long-Term Assets, Total	5.02B	5.23B	8.46B	7.94B	7.1B
Total Assets	76.89B	119B	126B	138B	149B
Liabilities
Accounts Payable, Total	20.51B	25.49B	28.76B	23.28B	30.12B
Accrued Expenses, Total	364M	387M	942M	1.05B	1.08B
Short-term Borrowings	5.34B	29.83B	16.35B	14.85B	5.53B
Current Portion of Long-Term Debt	-	531M	552M	552M	552M
Current Portion of Leases	633M	637M	691M	761M	474M
Current Income Taxes Payable	744M	969M	2.07B	1.68B	2.18B
Other Current Liabilities	11.43B	16.18B	18.66B	25.33B	24.97B
Total Current Liabilities	39.02B	74.02B	68.02B	67.5B	64.91B
Long-Term Debt	-	2.21B	1.65B	1.1B	551M
Long-Term Leases	405M	462M	880M	809M	604M
Pension & Other Post Retirement Benefits	5.4B	4.35B	5.83B	7.23B	8.73B
Deferred Tax Liability Non Current	109M	109M	109M	109M	109M
Other Non Current Liabilities	2.95B	2.82B	2.78B	6.64B	9.27B
Total Liabilities	47.88B	83.96B	79.28B	83.39B	84.17B
Common Stock, Total	5.93B	5.93B	5.93B	6.52B	6.52B
Additional Paid In Capital	7.3B	7.3B	7.92B	7.92B	7.92B
Retained Earnings	16.99B	23.3B	32.43B	39.72B	50.57B
Treasury Stock	-936M	-936M	-	-28.98M	-28.98M
Comprehensive Income and Other	-273M	-273M	-290M	-275M	-271M
Total Common Equity	29.01B	35.33B	46B	53.86B	64.72B
Minority Interest	-	-	716M	818M	177M
Total Equity	29.01B	35.33B	46.71B	54.68B	64.9B
Total Liabilities And Equity	76.89B	119B	126B	138B	149B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.05M	12.93M	13.05M	13.04M	13.04M
ECS Total Common Shares Outstanding	13.05M	12.93M	13.05M	13.04M	13.04M
Book Value / Share	2.22K	2.73K	3.53K	4.13K	4.96K
Tangible Book Value	28.26B	34.58B	44.97B	52.83B	63.7B
Tangible Book Value Per Share	2.17K	2.67K	3.45K	4.05K	4.88K
Total Debt	6.38B	33.67B	20.12B	18.08B	7.72B
Net Debt	-20.27B	17.01B	-10.02B	-19.15B	-49.63B
Debt Equivalent Oper. Leases	1.49B	1.89B	1.77B	1.82B	1.98B
Minority Interest, Total (Incl. Fin. Div)	-	-	716M	818M	177M
Equity Method Investments, Total	55.67M	34.36M	-	-	-
Inventories - Raw Materials, Total	18.08B	49.68B	28.07B	29.03B	29.72B
Inventories - Others	240	10	-270	-50	-800
Machinery, Total	750M	869M	247M	954M	1.17B
Accumulated Allowance for Doubtful Accounts (Supple)	283M	235M	205M	506M	504M

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Net Income	6.23B	6.07B	10.45B	9.54B	12.66B
Depreciation & Amortization - CF	935M	1B	1.19B	1.34B	1.38B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	1.14M	2.29M	2.29M
Depreciation & Amortization, Total	935M	1B	1.19B	1.35B	1.38B
(Gain) Loss From Sale Of Asset	-	-	4.56M	-2.53M	4K
(Gain) Loss on Sale of Investments - (CF)	-22.69M	568M	-473M	166M	-923M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	34.33M	21.31M	-51.5M	-	-
Provision and Write-off of Bad Debts	-27.32M	-41.1M	-37.19M	309M	899M
Other Operating Activities, Total	1.16B	2.35B	3.33B	-1.42B	1.33B
Change In Accounts Receivable	-1.36B	-14.86B	-10.45B	-1.85B	8.87B
Change In Inventories	-9.28B	-31.6B	20.27B	-263M	-692M
Change In Accounts Payable	7.9B	4.81B	3.25B	-5.83B	5.54B
Change In Income Taxes	200M	-364M	-426M	-	-
Change In Deferred Taxes	-250M	149M	-94.4M	-	-
Change in Other Net Operating Assets	3.3B	-3.35B	876M	9.34B	2.59B
Cash from Operations	8.83B	-35.25B	27.84B	11.36B	31.66B
Capital Expenditure	-91.01M	-119M	-592M	-117M	-276M
Sale of Property, Plant, and Equipment	-	-	320K	27.73M	-
Sale (Purchase) of Intangible assets	-	-	-269M	-	-
Investment in Marketable and Equity Securities, Total	-251M	-249M	-723M	410M	-3.72B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-234M	65.67M	-146M	118M	52.5M
Other Investing Activities, Total	-282M	-14.39K	-340M	-226M	-30.65M
Cash from Investing	-858M	-302M	-2.07B	214M	-3.97B
Short Term Debt Issued, Total	20.21B	59.85B	47.36B	48.2B	39.48B
Long-Term Debt Issued, Total	-	2.76B	-	-	-
Total Debt Issued	20.21B	62.6B	47.36B	48.2B	39.48B
Short Term Debt Repaid, Total	-14.94B	-35.35B	-60.85B	-49.69B	-48.8B
Long-Term Debt Repaid, Total	-770M	-690M	-1.3B	-1.29B	-1.34B
Total Debt Repaid	-15.71B	-36.04B	-62.14B	-50.98B	-50.14B
Issuance of Common Stock	-	-	1.56B	-	-
Repurchase of Common Stock	-	-	-	-28.98M	-
Common & Preferred Stock Dividends Paid	-	-588M	-588M	-1.19B	-1.3B
Common & Preferred Stock Dividends Paid	-	-588M	-588M	-1.19B	-1.3B
Other Financing Activities, Total	-	-10	1.05B	0	-
Cash from Financing	4.51B	25.98B	-12.77B	-4B	-11.96B
Foreign Exchange Rate Adjustments	21.54M	20.64M	-14.8M	121M	-50.88M
Miscellaneous Cash Flow Adjustments	-10	-	-20	-	-20
Net Change in Cash	12.5B	-9.55B	12.99B	7.69B	15.67B
Supplemental Items
Cash Interest Paid	161M	804M	1.6B	1.35B	890M
Cash Income Tax Paid (Refund)	-75.35M	588M	969M	3.18B	3.14B
Levered Free Cash Flow	5.42B	-29.65B	30.3B	2.09B	20.72B
Unlevered Free Cash Flow	5.55B	-29.11B	31.35B	2.97B	21.27B
Change In Net Working Capital	-1.08B	35.32B	-22.3B	4.92B	-11.39B
Net Debt Issued / Repaid	4.51B	26.56B	-14.78B	-2.78B	-10.66B

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Profitability
Return on Assets	5.67	5.43	7.11	5.04	6.11
Return on Total Capital	12.27	10.21	12.84	9.54	12.08
Return On Equity %	24.15	18.86	25.5	19.03	20.1
Return on Common Equity	24.15	18.86	25.71	19.12	21.36
Margin Analysis
Gross Profit Margin %	15.88	15.05	14.55	17.35	17.11
SG&A Margin	10.6	9.59	7.98	10.92	9.97
EBITDA Margin %	5.53	5.58	6.73	6.22	6.61
EBITA Margin %	4.76	5	6.2	5.52	6.02
EBIT Margin %	4.76	5	6.2	5.52	6.02
Income From Continuing Operations Margin %	5.12	3.56	4.65	5	5.15
Net Income Margin %	5.12	3.56	4.65	4.95	5.43
Net Avail. For Common Margin %	5.12	3.56	4.65	4.95	5.43
Normalized Net Income Margin	3.02	2.88	3.45	3.91	4.04
Levered Free Cash Flow Margin	4.45	-17.38	13.47	1.08	8.88
Unlevered Free Cash Flow Margin	4.56	-17.06	13.93	1.54	9.12
Asset Turnover
Asset Turnover	1.91	1.74	1.83	1.46	1.62
Fixed Assets Turnover	71.92	103.84	105.32	62.9	74.8
Receivables Turnover (Average Receivables)	7.94	8.53	8.22	5.78	6.87
Inventory Turnover (Average Inventory)	8.33	4.44	5.03	5.7	6.93
Short Term Liquidity
Current Ratio	1.66	1.35	1.45	1.66	1.96
Quick Ratio	1.1	0.58	0.92	1.11	1.42
Operating Cash Flow to Current Liabilities	0.23	-0.48	0.41	0.17	0.49
Days Sales Outstanding (Average Receivables)	45.97	42.78	44.4	63.33	53.14
Days Outstanding Inventory (Average Inventory)	43.8	82.15	72.52	64.25	52.69
Average Days Payable Outstanding	53.87	47.6	57.56	59.79	50.4
Cash Conversion Cycle (Average Days)	35.9	77.32	59.36	67.79	55.43
Long Term Solvency
Total Debt/Equity	21.98	95.3	43.08	33.06	11.89
Total Debt / Total Capital	18.02	48.8	30.11	24.85	10.63
LT Debt/Equity	1.4	7.55	5.43	3.5	1.78
Long-Term Debt / Total Capital	1.14	3.87	3.79	2.63	1.59
Total Liabilities / Total Assets	62.27	70.38	62.92	60.4	56.46
EBIT / Interest Expense	28.65	9.77	8.37	7.56	15.87
EBITDA / Interest Expense	33.27	10.91	9.08	8.51	17.44
(EBITDA - Capex) / Interest Expense	32.82	10.78	8.73	8.43	17.12
Total Debt / EBITDA	0.95	3.53	1.33	1.51	0.5
Net Debt / EBITDA	-3.01	1.79	-0.66	-1.6	-3.22
Total Debt / (EBITDA - Capex)	0.96	3.58	1.38	1.52	0.51
Net Debt / (EBITDA - Capex)	-3.05	1.81	-0.69	-1.61	-3.28
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.74	40.1	31.89	-14.27	20.95
Gross Profit, 1 Yr. Growth %	13.94	32.78	27.46	2.25	19.33
EBITDA, 1 Yr. Growth %	-3.93	41.5	58.92	-20.74	28.6
EBITA, 1 Yr. Growth %	-5.26	47.05	63.68	-23.64	31.85
EBIT, 1 Yr. Growth %	-5.26	47.05	63.67	-23.65	31.86
Earnings From Cont. Operations, 1 Yr. Growth %	3.54	-2.61	72.37	-7.78	24.55
Net Income, 1 Yr. Growth %	3.54	-2.61	72.27	-8.7	32.67
Normalized Net Income, 1 Yr. Growth %	-8.45	33.26	58.35	-2.91	25.07
Diluted EPS Before Extra, 1 Yr. Growth %	3.52	-2.64	72.02	-9.21	32.63
Accounts Receivable, 1 Yr. Growth %	10.86	47.99	29.38	16.21	-10.67
Inventory, 1 Yr. Growth %	119.68	186.15	-41.94	-0.55	0.01
Net Property, Plant and Equip., 1 Yr. Growth %	-7.06	1.44	58.2	34.29	-22.55
Total Assets, 1 Yr. Growth %	50.97	55.15	5.62	9.59	7.97
Tangible Book Value, 1 Yr. Growth %	29.36	22.36	30.06	17.49	20.56
Common Equity, 1 Yr. Growth %	28.38	21.78	30.2	17.1	20.16
Cash From Operations, 1 Yr. Growth %	710.64	-499.09	-179	-59.22	178.81
Capital Expenditures, 1 Yr. Growth %	8.95	30.43	399.06	-80.33	136.81
Levered Free Cash Flow, 1 Yr. Growth %	-	-646.8	-202.2	-93.11	893.04
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-624.51	-207.69	-90.53	616.88
Dividend Per Share, 1 Yr. Growth %	-	0	100	10	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	23.43	35.93	6.34	1.83
Gross Profit, 2 Yr. CAGR %	-	23	30.09	14.16	10.46
EBITDA, 2 Yr. CAGR %	-	16.59	49.96	12.23	0.96
EBITA, 2 Yr. CAGR %	-	18.03	55.14	11.8	0.34
EBIT, 2 Yr. CAGR %	-	18.03	55.13	11.79	0.34
Earnings From Cont. Operations, 2 Yr. CAGR %	-	0.42	29.57	26.08	7.17
Net Income, 2 Yr. CAGR %	-	0.42	29.53	25.41	10.06
Normalized Net Income, 2 Yr. CAGR %	-	10.45	45.27	24	10.2
Diluted EPS Before Extra, 2 Yr. CAGR %	-	0.39	29.41	24.9	9.75
Accounts Receivable, 2 Yr. CAGR %	-	28.09	38.37	22.62	1.89
Inventory, 2 Yr. CAGR %	-	150.72	28.9	-24.01	-0.27
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-2.9	26.68	45.75	1.98
Total Assets, 2 Yr. CAGR %	-	53.05	28.01	7.58	8.77
Tangible Book Value, 2 Yr. CAGR %	-	25.81	26.15	23.62	19.01
Common Equity, 2 Yr. CAGR %	-	25.04	25.92	23.47	18.62
Cash From Operations, 2 Yr. CAGR %	-	468.78	77.56	-43.24	6.63
Capital Expenditures, 2 Yr. CAGR %	-	19.21	155.14	-0.93	-31.76
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	136.39	-73.47	-17.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	137.66	-68.07	-17.62
Dividend Per Share, 2 Yr. CAGR %	-	-	41.42	48.32	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	26.19	16.57	11
Gross Profit, 3 Yr. CAGR %	-	-	24.47	20.06	15.86
EBITDA, 3 Yr. CAGR %	-	-	29.27	21.25	17.44
EBITA, 3 Yr. CAGR %	-	-	31.62	22.49	18.12
EBIT, 3 Yr. CAGR %	-	-	31.62	22.48	18.11
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	20.24	15.69	25.57
Net Income, 3 Yr. CAGR %	-	-	20.21	15.28	27.79
Normalized Net Income, 3 Yr. CAGR %	-	-	24.55	27.01	24.35
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	20.13	14.94	27.44
Accounts Receivable, 3 Yr. CAGR %	-	-	28.52	30.55	10.33
Inventory, 3 Yr. CAGR %	-	-	53.97	18.22	-16.72
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	14.25	29.17	18.06
Total Assets, 3 Yr. CAGR %	-	-	35.25	21.55	7.71
Tangible Book Value, 3 Yr. CAGR %	-	-	27.21	23.2	22.59
Common Equity, 3 Yr. CAGR %	-	-	26.73	22.91	22.36
Cash From Operations, 3 Yr. CAGR %	-	-	194.55	8.74	-3.51
Capital Expenditures, 3 Yr. CAGR %	-	-	92.13	8.58	32.46
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-27.27	-11.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-18.83	-9.92
Dividend Per Share, 3 Yr. CAGR %	-	-	-	30.06	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	15.81
Gross Profit, 5 Yr. CAGR %	-	-	-	-	18.66
EBITDA, 5 Yr. CAGR %	-	-	-	-	17.1
EBITA, 5 Yr. CAGR %	-	-	-	-	18.08
EBIT, 5 Yr. CAGR %	-	-	-	-	18.08
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	14.83
Net Income, 5 Yr. CAGR %	-	-	-	-	16.04
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	18.6
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	15.84
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	17.12
Inventory, 5 Yr. CAGR %	-	-	-	-	29.42
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	9.18
Total Assets, 5 Yr. CAGR %	-	-	-	-	23.96
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	23.87
Common Equity, 5 Yr. CAGR %	-	-	-	-	23.42
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	96.18
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	26.99