Codes Combine Co Ltd

Codes Combine Co Ltd maintains a strong liquidity position, with a current ratio of 3.37 and cash and equivalents amounting to KRW 29.77 billion, which is significantly higher than the typical liquidity levels observed in the apparel and accessories industry. The company's debt-to-equity ratio is 0.11, indicating a conservative capital structure with minimal reliance on debt financing. This low leverage is supported by a total equity of KRW 64.47 billion and total liabilities of KRW 22.39 billion.

In terms of profitability, the company reported a net income of KRW 938.10 million and an operating income of KRW 573.80 million in the latest period. Its return on equity (ROE) is 1.46%, and return on assets (ROA) is 1.08%, which are below the industry median for ROE and ROA in the apparel and accessories sector. These figures suggest that the company is generating modest returns relative to its equity and asset base.

The company's revenue is concentrated in a single business segment, as no segmental breakdown is provided in the available data. Geographically, the company is based in South Korea, and there is no indication of significant international revenue exposure. This concentration may pose a risk in the event of regional economic downturns or supply chain disruptions.

Looking ahead, the company's growth trajectory appears to be modest. While the company has reported a free cash flow of KRW 1.71 billion and an operating cash flow of KRW 977.17 million, there is no indication of significant revenue growth in the near term. The capital expenditure of KRW -250.17 million suggests a reduction in investment in new projects or facilities.

The company's risk profile is characterized by low liquidity and dilution risks. No immediate filing-based liquidity or dilution flags were detected, and the company's capital structure remains stable with a low debt-to-equity ratio. There is no evidence of dilution potential in the basic shares outstanding, which remain unchanged at 37.75 million.

No recent events, such as significant filings or transcripts, were identified in the available data. The company's financial performance and risk profile appear to be stable, with no major disruptions or strategic shifts reported in the latest financial snapshot.

Net income surged 112.4% year-over-year to 4.4 trillion KRW, demonstrating significant recent profitability acceleration.

Operating income jumped 133.3% year-over-year, indicating a substantial improvement in core operational efficiency and margins.

Revenue growth stagnated with only a 0.9% CAGR over the past four fiscal years.

Return on equity of 1.46% falls significantly below the cohort median of 3.56%, indicating poor capital efficiency.

Return on assets of 1.08% suggests the company generates minimal profit relative to its total asset base.