Samsung Financial Performance from Time to Time– Samsung electronics is one of the biggest electronic companies in the World. Samsung electronics still become the subsidiary of Samsung Group was founded by Lee Byung-chul in 1938 as a trading company. At present this company has a primary office in Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, South Korea.
Until 2022, there are some institutions and individuals that become shareholders of Samsung Electronics. The South Korea National Pension Service, Samsung Life Insurance, Samsung C&T Corporation, Hong Ra-hee, The Vanguard Group, Lee Jae-Yong, and Samsung Fire & Marine Insurance are some of the major stakeholders of Samsung Electronics.
Table of Assets, Liabilities, and Equities of Samsung Electronics From 2010 to 2023
| Years | Assets | Liabilities | Equities |
|---|---|---|---|
| in US. Dollars | in US. Dollars | in US. Dollars | |
| 2010 | 116.4 billion | 38.9 billion | 77.4 billion |
| 2011 | 134.9 billion | 46.6 billion | 88.3 billion |
| 2012 | 171.5 billion | 56.4 billion | 115.1 billion |
| 2013 | 202.8 billion | 60.7 billion | 142.1 billion |
| 2014 | 203 billion | 55.1 billion | 148.5 billion |
| 2015 | 214 billion | 55.7 billion | 158.2 billion |
| 2016 | 231.7 billion | 61.1 billion | 170.6 billion |
| 2017 | 266.7 billion | 77.1 billion | 189.6 billion |
| 2018 | 291.1 billion | 78.5 billion | 212.5 billion |
| 2019 | 302.5 billion | 76.9 billion | 225.5 billion |
| 2020 | 330.5 billion | 89.4 billion | 241.1 billion |
| 2021 | 372.8 billion | 106.3 billion | 266.4 billion |
| 2022 | 343 billion | 70.6 billion | 271.6 billion |
| 2023 | 349 billion | 71.7 billion | 278.6 billion |
Sources : Samsung Electronics Annual Report, 2010-2023 | |||
Samsung entered the electronics business since its establishment on January 19th, 1969, with joint venture of Samsung with foreign electronics companies, namely Sanyo, Sumitomo, and Nippon electric Companies (NEC). From time to time, the business of Samsung has developed gradually. Samsung is known as a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, image sensors, camera modules. More importantly, Samsung electronics still become the world’s largest manufacturer of mobile phones and smartphones.
As a leading electronic company, especially in the smartphone industry, Samsung has a long journey in its electronic business. They struggle in the world of electronic industries. In telecommunication tools, they strive to compete with Nokia, Erickson, Sony, Blackberry, Motorola, and the other companies in the late 1990s and the early 2000s. After the fall of Nokia, Erickson, Motorola, and Blackberry, there is an alteration of the handphone/ smartphone industries. Samsung can go up in boosting their sales products. The Brand of “Galaxy” can be accepted by some people around the world. Several times, the sales of smartphone products can compete with Apple smartphones or commonly known as iPhones. Nowadays, Samsung electronics is composed of four main diversified businesses. These are CE (Consumer Electronics), IM (Information Technology & Mobile Communications), DS (Device Solutions), and Harman (Harman International Industries).
Based on the Balance sheets of the Annual report of Samsung electronics from 2010 to 2021, there is growth in assets, liabilities, and equities. In 2010, the assets of Samsung electronics were around 116 billion US. Dollars and Liabilities around 38.9 billion US. Dollars. In 2023, the assets become 349 billion US. Dollars, Liabilities becomes 71.7 billion US. Dollars. Both assets and liabilities increase three times in the last decade.
Table of Revenue and Net Income of Samsung Electronics From 2010 to 2023
| Years | Revenue | Net income |
|---|---|---|
| in US. Dollars | in US. Dollars | |
| 2010 | 134 billion | 14 billion |
| 2011 | 143 billion | 11.9 billion |
| 2012 | 190.5 billion | 22.5 billion |
| 2013 | 216.7 billion | 28.8 billion |
| 2014 | 182.2 billion | 20.6 billion |
| 2015 | 177.3 billion | 16.8 billion |
| 2016 | 178.4 billion | 20 billion |
| 2017 | 211.8 billion | 37.2 billion |
| 2018 | 209.1 billion | 38 billion |
| 2019 | 197.6 billion | 18.6 billion |
| 2020 | 206.9 billion | 23 billion |
| 2021 | 244.3 billion | 34.8 billion |
| 2022 | 231.1 billion | 42.6 billion |
| 2023 | 198.2 billion | 11.8 billion |
Sources : Samsung Electronics Annual Report, 2010-2023 | ||
In the Income Statement of Annual Report in Samsung Electronics from 2010 to 2023, there are some fluctuations in revenue and net income. In 2010, the revenue of Samsung electronics reached 134 billion US. Dollar and net income reached 14 billion US Dollars. In several years, the revenue and income faced mixed trends with up and down conditions. Finally, in 2023, the revenue of Samsung electronics reached 198 billion US. Dollars and Net Income reached 11 billion US. Dollars.
The electronics industry is one of the most competitive businesses. Companies from this industry compete to display exceptional technologies that are beyond the consumer’s imagination. The models of Smartphones is always changed with the additional technology in the devices. Samsung is always still struggling with some competitors to increase the market share of its products. In the Technological business, Research and Development (R&D) is the key to sustain for the long term. The company needs to invent a breakthrough continuously.
Maybe, by the way, Samsung Electronic is the reflection of the developing technologies of South Korea. From time to time, Samsung tries to introduce the new product with exceptional features. Besides LG, Hyundai, and Kia, this company has the vision to increase its market shares. That’s the example of Rising of South Korea’s company in technology.
Bibliography of Samsung Financial Performance from Time to Time
Samsung electronics. 2024. Investor Relations. Accessed via https://www.samsung.com/global/ir/financial-information/audited-financial-statements/ on February 25th, 2024