Income Statement Korea Zinc Company, Ltd.

Equities

A010130

KR7010130003

Specialty Mining & Metals

End-of-day quote Korea S.E. Other stock markets 06/12/2024			5-day change	1st Jan Change
18,13,000.00 ^KRW	-9.35%		+81.30%	+264.06%

03/12	Korea Zinc agrees to shareholder meeting to discuss Young Poong's board expansion proposal	RE
27/11	South Korean Shares Close Lower Over Lackluster Domestic Business Sentiment, Weakened Business Outlook	MT

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Published financial data: KOREA ZINC COMPANY, LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6,69500Cr	7,58200Cr	9,97700Cr	11,21900Cr	9,70500Cr
Other Revenues, Total	300	-10	-	-	-
Total Revenues	6,69500Cr	7,58200Cr	9,97700Cr	11,21900Cr	9,70500Cr
Cost of Goods Sold, Total	5,74500Cr	6,54800Cr	8,72200Cr	10,05300Cr	8,74500Cr
Gross Profit	95TCr	1,03400Cr	1,25500Cr	1,16700Cr	96TCr
Selling General & Admin Expenses, Total	14TCr	12TCr	15TCr	22TCr	26TCr
Provision for Bad Debts	-13Cr	212.45Cr	11Cr	17Cr	421.29Cr
Depreciation & Amortization - (IS)	649.38Cr	803.08Cr	924.39Cr	1.56TCr	2.54TCr
Amortization of Goodwill and Intangible Assets - (IS)	22Cr	14Cr	45Cr	314.8Cr	556.24Cr
Other Operating Expenses	218.63Cr	328.62Cr	369.85Cr	513.72Cr	526.26Cr
Other Operating Expenses, Total	14TCr	14TCr	16TCr	25TCr	30TCr
Operating Income	81TCr	90TCr	1,09600Cr	92TCr	66TCr
Interest Expense, Total	-140.43Cr	-166.57Cr	-416.51Cr	-3.44TCr	-4.24TCr
Interest And Investment Income	5.61TCr	2.61TCr	2.78TCr	4.98TCr	8.53TCr
Net Interest Expenses	5.47TCr	2.44TCr	2.36TCr	1.54TCr	4.29TCr
Income (Loss) On Equity Invest.	155.05Cr	-53Cr	1.6TCr	2.9TCr	-938.58Cr
Currency Exchange Gains (Loss)	-613.76Cr	3.08TCr	-1.08TCr	-4.32TCr	-1.58TCr
Other Non Operating Income (Expenses)	852.9Cr	-5TCr	-5.17TCr	3.61TCr	2.32TCr
EBT, Excl. Unusual Items	86TCr	90TCr	1,07300Cr	96TCr	70TCr
Gain (Loss) On Sale Of Investments	1.16TCr	-5.5TCr	6.88TCr	-7.49TCr	5.94TCr
Gain (Loss) On Sale Of Assets	-321.26Cr	-3.46TCr	13Cr	45Cr	286.59Cr
Asset Writedown	-	-	-318.94Cr	-42Cr	-3.27TCr
EBT, Incl. Unusual Items	87TCr	81TCr	1,13900Cr	88TCr	73TCr
Income Tax Expense	23TCr	24TCr	33TCr	8.32TCr	19TCr
Earnings From Continuing Operations	64TCr	57TCr	81TCr	80TCr	53TCr
Net Income to Company	64TCr	57TCr	81TCr	80TCr	53TCr
Minority Interest	-568.69Cr	-187.29Cr	-431.11Cr	-1.77TCr	-611.72Cr
Net Income - (IS)	63TCr	57TCr	81TCr	78TCr	53TCr
Net Income to Common Incl Extra Items	63TCr	57TCr	81TCr	78TCr	53TCr
Net Income to Common Excl. Extra Items	63TCr	57TCr	81TCr	78TCr	53TCr
Per Share Items
Net EPS - Basic	35.81T	32.42T	45.65T	42.97T	26.14T
Basic EPS - Continuing Operations	35.81T	32.42T	45.65T	42.97T	26.14T
Basic Weighted Average Shares Outstanding	1.77Cr	1.77Cr	1.77Cr	1.82Cr	2.02Cr
Net EPS - Diluted	35.81T	32.42T	45.65T	42.97T	26.14T
Diluted EPS - Continuing Operations	35.81T	32.42T	45.65T	42.97T	26.14T
Diluted Weighted Average Shares Outstanding	1.77Cr	1.77Cr	1.77Cr	1.82Cr	2.02Cr
Normalized Basic EPS	30.23T	31.79T	37.71T	31.93T	21.34T
Normalized Diluted EPS	30.23T	31.79T	37.71T	31.93T	21.34T
Dividend Per Share	14T	15T	20T	20T	15T
Payout Ratio	30.96	45.35	34.4	45.48	113.61
Supplemental Items
EBITDA	1,08500Cr	1,17600Cr	1,38600Cr	1,22300Cr	98TCr
EBITA	81TCr	90TCr	1,09700Cr	92TCr	67TCr
EBIT	81TCr	90TCr	1,09600Cr	92TCr	66TCr
EBITDAR	1,08600Cr	1,17800Cr	1,38700Cr	1,22600Cr	98TCr
Effective Tax Rate - (Ratio)	26.8	29.24	28.79	9.44	26.74
Normalized Net Income	53TCr	56TCr	67TCr	58TCr	43TCr
Supplemental Operating Expense Items
Advertising Expense	20Cr	22Cr	75Cr	333.87Cr	395.74Cr
Selling and Marketing Expenses	7.96TCr	6.53TCr	7.83TCr	10TCr	11TCr
General and Administrative Expenses	106.12Cr	105.91Cr	123.08Cr	255.83Cr	374.84Cr
Net Rental Expense, Total	146.5Cr	156.75Cr	140.77Cr	304.44Cr	327.97Cr
Imputed Operating Lease Interest Expense	46Cr	24Cr	16Cr	111.93Cr	112.57Cr
Imputed Operating Lease Depreciation	100.29Cr	133.19Cr	124.67Cr	192.51Cr	215.39Cr
Maintenance & Repair Expenses, Total	145.5Cr	156.23Cr	135.36Cr	229.3Cr	204.91Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	69TCr	43TCr	47TCr	78TCr	68TCr
Short Term Investments	28TCr	29TCr	18TCr	16TCr	22TCr
Trading Asset Securities, Total	1,65500Cr	1,45500Cr	1,39300Cr	1,40200Cr	1,17600Cr
Total Cash And Short Term Investments	2,62100Cr	2,16600Cr	2,04500Cr	2,34600Cr	2,07300Cr
Accounts Receivable, Total	34TCr	38TCr	52TCr	62TCr	54TCr
Other Receivables	4.61TCr	6.7TCr	7.59TCr	3.87TCr	5.57TCr
Notes Receivable	2.74Cr	5.91Cr	1.93TCr	176.34Cr	1.18TCr
Total Receivables	38TCr	45TCr	61TCr	66TCr	60TCr
Inventory	1,55600Cr	2,25000Cr	2,90900Cr	2,82500Cr	2,63800Cr
Prepaid Expenses	1.56TCr	869.86Cr	840.38Cr	9.37TCr	11TCr
Other Current Assets, Total	2.1TCr	4.03TCr	12TCr	15TCr	14TCr
Total Current Assets	4,59800Cr	4,91300Cr	5,68900Cr	6,07100Cr	5,57200Cr
Gross Property Plant And Equipment	5,70400Cr	6,23200Cr	6,79500Cr	7,41500Cr	4,56800Cr
Accumulated Depreciation	-2,80000Cr	-3,01400Cr	-3,31300Cr	-3,67600Cr	-63TCr
Net Property Plant And Equipment	2,90500Cr	3,21800Cr	3,48200Cr	3,73900Cr	3,93800Cr
Long-term Investments	19TCr	21TCr	58TCr	1,19200Cr	1,50700Cr
Goodwill	2.3TCr	2.26TCr	4.18TCr	42TCr	44TCr
Other Intangibles, Total	7.08TCr	6.83TCr	8.15TCr	43TCr	44TCr
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	100Cr	200Cr	530.74Cr	860.83Cr	713.67Cr
Deferred Tax Assets Long-Term	1.99TCr	1.94TCr	2.32TCr	10TCr	2.87TCr
Other Long-Term Assets, Total	3.59TCr	4.71TCr	6.59TCr	13TCr	11TCr
Total Assets	7,84100Cr	8,50000Cr	9,96400Cr	12,09800Cr	12,04600Cr
Liabilities
Accounts Payable, Total	38TCr	68TCr	1,02500Cr	96TCr	90TCr
Accrued Expenses, Total	2.5TCr	3.3TCr	2.58TCr	4.78TCr	4.85TCr
Short-term Borrowings	3.06TCr	12TCr	30TCr	79TCr	62TCr
Current Portion of Long-Term Debt	124.41Cr	92Cr	842.98Cr	1.22TCr	7.43TCr
Current Portion of Leases	-	246.63Cr	332.99Cr	634.74Cr	1.15TCr
Current Income Taxes Payable	16TCr	14TCr	20TCr	34TCr	10TCr
Unearned Revenue Current, Total	123.42Cr	110.74Cr	115.12Cr	1.32TCr	1.08TCr
Other Current Liabilities	11TCr	15TCr	22TCr	15TCr	13TCr
Total Current Liabilities	70TCr	1,11800Cr	1,77100Cr	2,31900Cr	1,90300Cr
Long-Term Debt	596.92Cr	471.96Cr	13TCr	21TCr	17TCr
Long-Term Leases	289.69Cr	1.31TCr	1.15TCr	3.08TCr	5.2TCr
Pension & Other Post Retirement Benefits	-	-	137.68Cr	46Cr	123.86Cr
Deferred Tax Liability Non Current	26TCr	24TCr	27TCr	20TCr	12TCr
Other Non Current Liabilities	3.05TCr	3.27TCr	5.29TCr	10TCr	16TCr
Total Liabilities	1,00200Cr	1,41300Cr	2,23000Cr	2,86600Cr	2,40400Cr
Common Stock, Total	9.44TCr	9.44TCr	9.44TCr	9.93TCr	10TCr
Additional Paid In Capital	5.66TCr	5.66TCr	5.73TCr	1,08600Cr	1,62200Cr
Retained Earnings	6,59200Cr	6,94000Cr	7,51800Cr	7,95300Cr	7,84300Cr
Treasury Stock	-5.35TCr	-5.35TCr	-5.35TCr	-	-5.19TCr
Comprehensive Income and Other	2.63TCr	-6.73TCr	-886.09Cr	-9.59TCr	-13TCr
Total Common Equity	6,71500Cr	6,97000Cr	7,60800Cr	9,04300Cr	9,39000Cr
Minority Interest	12TCr	12TCr	13TCr	19TCr	25TCr
Total Equity	6,83800Cr	7,08700Cr	7,73400Cr	9,23200Cr	9,64200Cr
Total Liabilities And Equity	7,84100Cr	8,50000Cr	9,96400Cr	12,09800Cr	12,04600Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.77Cr	1.77Cr	1.77Cr	1.77Cr	2.09Cr
ECS Total Common Shares Outstanding	1.77Cr	1.77Cr	1.77Cr	1.77Cr	2.09Cr
Book Value / Share	4L	4L	4L	5L	4L
Tangible Book Value	6,62200Cr	6,87900Cr	7,48400Cr	8,19100Cr	8,50800Cr
Tangible Book Value Per Share	4L	4L	4L	5L	4L
Total Debt	4.07TCr	14TCr	45TCr	1,05000Cr	93TCr
Net Debt	-2,58100Cr	-2,03000Cr	-1,59900Cr	-1,29600Cr	-1,14700Cr
Debt Equivalent Oper. Leases	1.17TCr	1.25TCr	1.13TCr	2.44TCr	2.62TCr
Minority Interest, Total (Incl. Fin. Div)	12TCr	12TCr	13TCr	19TCr	25TCr
Equity Method Investments, Total	2.2TCr	2.13TCr	14TCr	43TCr	49TCr
Inventories - Raw Materials, Total	46TCr	72TCr	93TCr	86TCr	71TCr
Inventories - Work In Process, Total	33TCr	46TCr	55TCr	69TCr	75TCr
Inventories - Finished Goods, Total	76TCr	1,07200Cr	1,43000Cr	1,19400Cr	1,03400Cr
Inventories - Others	4.55Cr	17Cr	17Cr	9.98TCr	17TCr
Land - (BS)	26TCr	31TCr	36TCr	38TCr	47TCr
Buildings, Total	1,12100Cr	1,11400Cr	1,27100Cr	1,59900Cr	1,76100Cr
Machinery, Total	4,10800Cr	4,12500Cr	4,55000Cr	4,88700Cr	1,73700Cr
Accumulated Allowance for Doubtful Accounts (Supple)	256.84Cr	266.33Cr	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	63TCr	57TCr	81TCr	78TCr	53TCr
Depreciation & Amortization - CF	28TCr	28TCr	29TCr	30TCr	31TCr
Amortization of Goodwill and Intangible Assets - (CF)	22Cr	14Cr	45Cr	529.18Cr	742.29Cr
Depreciation & Amortization, Total	28TCr	28TCr	29TCr	30TCr	32TCr
(Gain) Loss From Sale Of Asset	321.26Cr	3.46TCr	-1.31TCr	75Cr	-286.59Cr
(Gain) Loss on Sale of Investments - (CF)	-1.16TCr	5.5TCr	-6.88TCr	7.49TCr	-5.94TCr
Asset Writedown & Restructuring Costs	-	-	318.94Cr	42Cr	3.27TCr
(Income) Loss On Equity Investments - (CF)	-155.05Cr	53Cr	-302.62Cr	-3.02TCr	938.58Cr
Provision and Write-off of Bad Debts	-13Cr	212.45Cr	11Cr	17Cr	421.29Cr
Other Operating Activities, Total	4.83TCr	1.33TCr	14TCr	-24TCr	-25TCr
Change In Accounts Receivable	-3.74TCr	-5.2TCr	-11TCr	-9.4TCr	9.78TCr
Change In Inventories	-26TCr	-71TCr	-63TCr	21TCr	34TCr
Change In Accounts Payable	9.66TCr	32TCr	33TCr	-10TCr	-5.92TCr
Change in Unearned Revenues	-	-	-37Cr	1.22TCr	-
Change in Other Net Operating Assets	-5.59TCr	-5.86TCr	-13TCr	-13TCr	-14TCr
Cash from Operations	69TCr	46TCr	61TCr	78TCr	82TCr
Capital Expenditure	-36TCr	-66TCr	-46TCr	-37TCr	-42TCr
Sale of Property, Plant, and Equipment	65Cr	192.73Cr	1.04TCr	299.81Cr	846.08Cr
Cash Acquisitions	-	-	-1.07TCr	-85TCr	-15TCr
Divestitures	3.03TCr	-	4.15TCr	18TCr	1.36TCr
Sale (Purchase) of Intangible assets	-367.54Cr	-626.16Cr	-1.49TCr	-636.65Cr	-1.89TCr
Investment in Marketable and Equity Securities, Total	-15TCr	12TCr	-13TCr	-78TCr	-11TCr
Net (Increase) Decrease in Loans Originated / Sold - Investing	274.4Cr	-101.17Cr	-2.13TCr	1.86TCr	-396.96Cr
Other Investing Activities, Total	176.78Cr	-189.98Cr	1.3TCr	943.2Cr	5.06TCr
Cash from Investing	-47TCr	-55TCr	-58TCr	-1,79700Cr	-62TCr
Short Term Debt Issued, Total	1.19TCr	8.5TCr	14TCr	51TCr	-
Long-Term Debt Issued, Total	-	-	14TCr	8.03TCr	505.5Cr
Total Debt Issued	1.19TCr	8.5TCr	28TCr	59TCr	505.5Cr
Short Term Debt Repaid, Total	-	-	-	-	-20TCr
Long-Term Debt Repaid, Total	-819.23Cr	-402.49Cr	-431.62Cr	-6.16TCr	-1.09TCr
Total Debt Repaid	-819.23Cr	-402.49Cr	-431.62Cr	-6.16TCr	-21TCr
Issuance of Common Stock	-	-	-	1,25100Cr	53TCr
Repurchase of Common Stock	-	-	-	-	-5.19TCr
Common & Preferred Stock Dividends Paid	-20TCr	-26TCr	-28TCr	-36TCr	-60TCr
Common & Preferred Stock Dividends Paid	-20TCr	-26TCr	-28TCr	-36TCr	-60TCr
Other Financing Activities, Total	136.45Cr	744.7Cr	496.53Cr	-12TCr	1.42TCr
Cash from Financing	-19TCr	-17TCr	166.18Cr	1,29600Cr	-32TCr
Foreign Exchange Rate Adjustments	554.38Cr	-149.64Cr	1.01TCr	3.03TCr	1.3TCr
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	3.34TCr	-26TCr	4.09TCr	31TCr	-10TCr
Supplemental Items
Cash Interest Paid	73Cr	153.81Cr	464.2Cr	3.18TCr	5.2TCr
Cash Income Tax Paid (Refund)	21TCr	27TCr	27TCr	33TCr	43TCr
Levered Free Cash Flow	25TCr	-27TCr	5.93TCr	44TCr	18TCr
Unlevered Free Cash Flow	26TCr	-27TCr	6.19TCr	46TCr	21TCr
Change In Net Working Capital	17TCr	44TCr	43TCr	3.51TCr	8.44TCr
Net Debt Issued / Repaid	369.46Cr	8.1TCr	27TCr	53TCr	-21TCr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.68	6.86	7.42	5.21	3.4
Return on Total Capital	7.58	7.95	8.9	6.22	3.94
Return On Equity %	9.67	8.26	10.95	9.41	5.65
Return on Common Equity	9.76	8.37	11.07	9.38	5.72
Margin Analysis
Gross Profit Margin %	14.18	13.63	12.58	10.4	9.89
SG&A Margin	2.02	1.62	1.46	1.99	2.7
EBITDA Margin %	16.2	15.51	13.89	10.9	10.06
EBITA Margin %	12.03	11.84	10.99	8.24	6.85
EBIT Margin %	12.03	11.84	10.99	8.19	6.78
Income From Continuing Operations Margin %	9.54	7.58	8.13	7.12	5.5
Net Income Margin %	9.45	7.56	8.09	6.96	5.43
Net Avail. For Common Margin %	9.45	7.56	8.09	6.96	5.43
Normalized Net Income Margin	7.98	7.41	6.68	5.17	4.44
Levered Free Cash Flow Margin	3.8	-3.59	0.59	3.94	1.87
Unlevered Free Cash Flow Margin	3.82	-3.58	0.62	4.13	2.14
Asset Turnover
Asset Turnover	0.89	0.93	1.08	1.02	0.8
Fixed Assets Turnover	2.35	2.48	2.98	3.11	2.53
Receivables Turnover (Average Receivables)	20.86	21.1	22.26	19.83	16.86
Inventory Turnover (Average Inventory)	4.04	3.44	3.38	3.51	3.2
Short Term Liquidity
Current Ratio	6.53	4.39	3.21	2.62	2.93
Quick Ratio	4.27	2.34	1.49	1.29	1.4
Operating Cash Flow to Current Liabilities	0.98	0.41	0.34	0.34	0.43
Days Sales Outstanding (Average Receivables)	17.5	17.35	16.4	18.4	21.64
Days Outstanding Inventory (Average Inventory)	90.33	106.36	107.95	104.11	114.01
Average Days Payable Outstanding	20.14	26.67	33.08	36.27	39.66
Cash Conversion Cycle (Average Days)	87.69	97.04	91.27	86.24	96
Long Term Solvency
Total Debt/Equity	0.6	1.93	5.77	11.37	9.6
Total Debt / Total Capital	0.59	1.89	5.45	10.21	8.76
LT Debt/Equity