Earnings quality
Compare earnings and operating cash flow for earnings quality.
LG Energy Solution, Ltd.
Ticker 373220 Β· π°π· Korea Β· Consolidated K-IFRS Β· amounts in won
Filed 2025-03-31 Β· Period end 2024-12-31
Takeaway
Dig deeperThe numbers send mixed signals β dig into cash flow and leverage before drawing a conclusion.
operating margin is 2.2%; equity ratio is 51.3%.
Mixed signals β use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin2.2%
Equity ratio51.3%
Last priceβ
Trailing P/Eβ
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
LG Energy Solution, Ltd. is a Korea-listed company with consolidated financial statements filed on DART (Open DART).
Financial statements
Income statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Revenue | β©33.7T | β©25.6T |
| Cost of sales* | β©28.8T | β©22.2T |
| Gross profit | β©4.9T | β©3.4T |
| Operating profit | β©2.2T | β©575.4B |
| Finance income | β©985.0B | β©1.0T |
| Finance costs | β©857.2B | β©1.3T |
| Income tax | β©405.5B | β©10.3B |
| Profit for the period | β©1.6T | β©338.6B |
| Profit to owners | β©1.6T | β©338.6B |
| Basic EPS | β | β |
Balance sheet
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Cash & equivalents | β©5.1T | β©3.9T |
| Current assets | β©17.2T | β©15.3T |
| Non-current assets | β©28.2T | β©45.0T |
| Total assets | β©45.4T | β©60.3T |
| Current liabilities | β©10.9T | β©12.1T |
| Short-term borrowings | β | β |
| Non-current liabilities* | β©10.1T | β©17.3T |
| Total liabilities | β©21.1T | β©29.3T |
| Ownersβ equity | β©24.4T | β©31.0T |
| Total equity | β©24.4T | β©31.0T |
Cash flow statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Operating cash flow | β©4.4T | β©5.1T |
| Investing cash flow | -β©9.7T | -β©12.1T |
| Financing cash flow | β©4.4T | β©5.4T |
| Net change in cash | β | β |
| Cash at end of period | β©5.1T | β©3.9T |
Five-year trends
Key metrics
| Metric | Trend | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|
| Revenue | β | β | β | β©33.7T | β©25.6T | |
| Operating profit | β©5.7B | β©768.5B | β©1.2T | β©2.2T | β©575.4B | |
| Profit to owners | β | β©929.9B | β©779.8B | β©1.6T | β©338.6B | |
| Total assets | β©19.9T | β©23.8T | β©38.3T | β©45.4T | β©60.3T | |
| Cash & equivalents | β©1.5T | β©1.3T | β©5.9T | β©5.1T | β©3.9T | |
| Ownersβ equity | β©7.6T | β©8.7T | β©20.6T | β©24.4T | β©31.0T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals β dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from β©33.7T to β©25.6T (βΌ -24.1%). Operating profit went from β©2.2T to β©575.4B (βΌ -73.4%).
Operating cash flow was β©5.1T (prior β©4.4T), with cash on the balance sheet at β©3.9T versus β©5.1T.
Liquidity & leverage
Watch short-term liabilities against the cash balance.
Capital buffer
Total equity moved from β©24.4T to β©31.0T.
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Source: DART 20250312000405
((μ£Ό)μμ§μλμ§μ루μ
), period end 2024-12-31.