Red Avenue New Materials Group Co Ltd
Red Avenue New Materials Group Co., Ltd. engages in the provision of new materials in China and internationally. The company offers resins, such as tackifying resin, P-tert-butyl Phenol formaldehyde tackifying resin, P-octyl Phenol formaldehyde tackifying resin, straight Phenol formaldehyde resin, tall oil modification Phenol formaldehyde resin, CNSL modified phenol formaldehyde reinforcing resin… Read more
Red Avenue New Materials Group Co Ltd - Asset Resilience Ratio
Red Avenue New Materials Group Co Ltd (603650) has an Asset Resilience Ratio of 1.96% as of December 2023. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2014–2023)
This chart shows how Red Avenue New Materials Group Co Ltd's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.
Liquid Assets Composition Over Time
This chart breaks down Red Avenue New Materials Group Co Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 0% |
| Short-term Investments | CN¥143.74 Million | 1.96% |
| Total Liquid Assets | CN¥143.74 Million | 1.96% |
Asset Resilience Insights
- Limited Liquidity: Red Avenue New Materials Group Co Ltd maintains only 1.96% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Red Avenue New Materials Group Co Ltd Industry Peers by Asset Resilience Ratio
Compare Red Avenue New Materials Group Co Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Akzo Nobel N.V
OTCQX:AKZOF |
Specialty Chemicals | 2.16% |
|
YeSUN Tech Co.Ltd.
KQ:250930 |
Specialty Chemicals | 2.89% |
|
Hangzhou Flariant Co Ltd
SHG:605566 |
Specialty Chemicals | 0.27% |
|
Samhwa Paint
KO:000390 |
Specialty Chemicals | 0.11% |
|
DL Holdings CO. LTD.
KO:000210 |
Specialty Chemicals | 0.30% |
|
Norooholdings
KO:000320 |
Specialty Chemicals | 6.58% |
|
Noroo Holdings Co Ltd
KO:000325 |
Specialty Chemicals | 6.58% |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565 |
Specialty Chemicals | 45.03% |
Annual Asset Resilience Ratio for Red Avenue New Materials Group Co Ltd (2014–2023)
The table below shows the annual Asset Resilience Ratio data for Red Avenue New Materials Group Co Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 1.96% | CN¥143.74 Million | CN¥7.33 Billion | +0.66pp |
| 2022-12-31 | 1.30% | CN¥88.87 Million | CN¥6.86 Billion | -3.69pp |
| 2021-12-31 | 4.99% | CN¥298.19 Million | CN¥5.98 Billion | +2.47pp |
| 2020-12-31 | 2.51% | CN¥115.14 Million | CN¥4.58 Billion | -0.32pp |
| 2019-12-31 | 2.83% | CN¥115.80 Million | CN¥4.09 Billion | +2.79pp |
| 2014-12-31 | 0.04% | CN¥528.18K | CN¥1.37 Billion | -- |