Red Avenue New Materials Group Co Ltd - Asset Resilience Ratio

Latest as of December 2023: 1.96%

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. See how liquid is Red Avenue New Materials Group Co Ltd's working capital to evaluate short-term liquidity relative to the company's equity base.

Liquid Assets

CN¥143.74 Million

≈ $21.03 Million USD Cash + Short-term Investments

Total Assets

CN¥7.33 Billion

≈ $1.07 Billion USD All company assets

Resilience Assessment

Low

Financial Resilience Level

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. For the complete balance sheet picture, see 603650 total assets.

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. Read Red Avenue New Materials Group Co Ltd total liabilities for a breakdown of total debt and financial obligations.

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
Peric Special Gases Co. Ltd. A SHG:688146	Specialty Chemicals	5.10%
Akzo Nobel NV AS:AKZA	Specialty Chemicals	2.16%
Brenntag SE F:BNR	Specialty Chemicals	0.06%
Yunnan Chuangxin New Material Co Ltd SHE:002812	Specialty Chemicals	0.55%
Huaibei Mining Holdings Co Ltd SHG:600985	Specialty Chemicals	2.33%
LB Group Co Ltd SHE:002601	Specialty Chemicals	4.81%
Zhongfu Shenying Carbon Fiber Co. Ltd. A SHG:688295	Specialty Chemicals	2.48%
Suzhou Crystal Clear Chemical Co Ltd SHE:300655	Specialty Chemicals	18.02%

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 ≈ $21.03 Million	CN¥7.33 Billion ≈ $1.07 Billion	+0.66pp
2022-12-31	1.30%	CN¥88.87 Million ≈ $13.01 Million	CN¥6.86 Billion ≈ $1.00 Billion	-3.69pp
2021-12-31	4.99%	CN¥298.19 Million ≈ $43.64 Million	CN¥5.98 Billion ≈ $875.32 Million	+2.47pp
2020-12-31	2.51%	CN¥115.14 Million ≈ $16.85 Million	CN¥4.58 Billion ≈ $670.74 Million	-0.32pp
2019-12-31	2.83%	CN¥115.80 Million ≈ $16.95 Million	CN¥4.09 Billion ≈ $598.97 Million	+2.79pp
2014-12-31	0.04%	CN¥528.18K ≈ $77.29K	CN¥1.37 Billion ≈ $200.40 Million	--

pp = percentage points

About Red Avenue New Materials Group Co Ltd

SHG:603650 China Specialty Chemicals

Market Cap

$6.19 Billion

CN¥42.31 Billion CNY

Market Cap Rank

#3102 Global

#389 in China

Share Price

CN¥68.68

Change (1 day)

-0.79%

52-Week Range

CN¥37.36 - CN¥97.98

All Time High

CN¥97.98