Novoray Corporation
Novoray Corporation provides industrial powder materials in China and internationally. The company offers crystalline silica powder, fused silica powder, soft composite silica powder, round corner crystalline silica powder, spherical silica powder, spherical aluminum oxide powder, sub-micron spherical silica powder, and acicular powder. It serves electronic materials, electrical insulating materi… Read more
Novoray Corporation - Asset Resilience Ratio
Novoray Corporation (688300) has an Asset Resilience Ratio of 9.73% as of September 2025. 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 (2020–2024)
This chart shows how Novoray Corporation's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.
Liquid Assets Composition Over Time
This chart breaks down Novoray Corporation'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¥215.91 Million | 9.73% |
| Total Liquid Assets | CN¥215.91 Million | 9.73% |
Asset Resilience Insights
- Limited Liquidity: Novoray Corporation maintains only 9.73% 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.
Novoray Corporation Industry Peers by Asset Resilience Ratio
Compare Novoray Corporation'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 Novoray Corporation (2020–2024)
The table below shows the annual Asset Resilience Ratio data for Novoray Corporation.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2024-12-31 | 10.89% | CN¥214.67 Million | CN¥1.97 Billion | -10.52pp |
| 2023-12-31 | 21.41% | CN¥375.66 Million | CN¥1.75 Billion | +1.58pp |
| 2022-12-31 | 19.83% | CN¥304.97 Million | CN¥1.54 Billion | +2.54pp |
| 2021-12-31 | 17.29% | CN¥225.67 Million | CN¥1.30 Billion | +16.19pp |
| 2020-12-31 | 1.10% | CN¥12.05 Million | CN¥1.09 Billion | -- |