About A003240

Founded: 1950
Employees: 837
CEO: Tae-ho Yoo
WebsiteView website: www.taekwang.co.kr

Taekwang Industrial Co., Ltd. engages in the petrochemical, synthetic fiber, textile, and advanced material businesses in South Korea and internationally. It offers petrochemical products, including purified terephthalic acid, propylene, acrylonitrile, sodium cyanide, acetonitrile, ammonium sulphate, and hydrogen peroxide. The company also provides synthetic fibers, such as acrylic fibers, nylon filaments, spandex, and low-melting fibers. In addition, it offers polyester fabrics and aramid fibers. The company was founded in 1950 and is headquartered in Seoul, South Korea.

Recent A003240 News & Updates

New Risk • Aug 31

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (8.2% net profit margin).

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Taekwang Industrial Co., Ltd. Key Details

About A003240

Recent A003240 News & Updates

New major risk - Earnings quality

Investors Can Find Comfort In Taekwang Industrial's (KRX:003240) Earnings Quality

Taekwang Industrial Co., Ltd. to Report Q1, 2026 Results on May 20, 2026

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