Earnings quality
Compare earnings and operating cash flow for earnings quality.
Doosan Enerbility Co., Ltd.
Ticker 034020 · 🇰🇷 Korea · Consolidated K-IFRS · amounts in won
Filed 2025-03-31 · Period end 2024-12-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
operating margin is 6.3%; equity ratio is 44.3%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin6.3%
Equity ratio44.3%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Doosan Enerbility Co., Ltd. is a Korea-listed company with consolidated financial statements filed on DART (Open DART).
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Tel 055-278-6114 · As of filing date 2024-12-31
Financial statements
Income statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Revenue | ₩17.6T | ₩16.2T |
| Cost of sales* | ₩14.6T | ₩13.5T |
| Gross profit | ₩3.0T | ₩2.7T |
| Operating profit | ₩1.5T | ₩1.0T |
| Finance income | ₩595.1B | ₩1.2T |
| Finance costs | ₩863.1B | ₩1.3T |
| Income tax | ₩221.0B | ₩263.1B |
| Profit for the period | ₩517.5B | ₩394.7B |
| Profit to owners | ₩517.5B | ₩394.7B |
| Basic EPS | 87.00 | 174.00 |
Balance sheet
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Cash & equivalents | ₩2.6T | ₩2.9T |
| Current assets | ₩9.6T | ₩10.0T |
| Non-current assets | ₩15.0T | ₩16.3T |
| Total assets | ₩24.6T | ₩26.3T |
| Current liabilities | ₩9.6T | ₩8.9T |
| Short-term borrowings | ₩1.2T | ₩2.1T |
| Non-current liabilities* | ₩4.2T | ₩5.7T |
| Total liabilities | ₩13.8T | ₩14.7T |
| Owners’ equity | ₩10.8T | ₩11.7T |
| Total equity | ₩10.8T | ₩11.7T |
Cash flow statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Operating cash flow | ₩2.1T | ₩242.2B |
| Investing cash flow | -₩816.6B | -₩821.4B |
| Financing cash flow | -₩52.9B | ₩608.4B |
| Net change in cash | — | — |
| Cash at end of period | ₩2.6T | ₩2.9T |
Five-year trends
Key metrics
| Metric | Trend | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|
| Revenue | ₩15.2T | ₩11.3T | ₩15.4T | ₩17.6T | ₩16.2T | |
| Operating profit | ₩409.2B | ₩877.9B | ₩1.1T | ₩1.5T | ₩1.0T | |
| Profit to owners | -₩622.6B | ₩645.8B | -₩453.1B | ₩517.5B | ₩394.7B | |
| Total assets | ₩25.6T | ₩23.7T | ₩23.0T | ₩24.6T | ₩26.3T | |
| Cash & equivalents | ₩2.3T | ₩1.9T | ₩1.4T | ₩2.6T | ₩2.9T | |
| Owners’ equity | ₩7.1T | ₩8.8T | ₩10.1T | ₩10.8T | ₩11.7T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from ₩17.6T to ₩16.2T (▼ -7.7%). Operating profit went from ₩1.5T to ₩1.0T (▼ -30.6%).
Operating cash flow was ₩242.2B (prior ₩2.1T), with cash on the balance sheet at ₩2.9T versus ₩2.6T.
Liquidity & leverage
Short-term borrowings moved from ₩1.2T to ₩2.1T.
Capital buffer
Total equity moved from ₩10.8T to ₩11.7T.
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Source: DART 20250320001103
(두산에너빌리티(주)), period end 2024-12-31.