Guangdong Piano Customized Furniture Co Ltd (002853) — Tangible Net Worth Ratio
Guangdong Piano Customized Furniture Co Ltd (002853) has a Tangible Net Worth Ratio of 84.0% as of March 2026. This metric is calculated by deducting intangible assets (CN¥140.19 Million) from net assets (CN¥878.33 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital position of Guangdong Piano Customized Furniture Co to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Guangdong Piano Customized Furniture Co Ltd Tangible Net Worth Ratio (2012–2025)
This chart shows how Guangdong Piano Customized Furniture Co Ltd's Tangible Net Worth Ratio has changed across 14 annual periods from 2012 to 2025. As of March 2026, the ratio stands at 84.0%, reflecting net assets of CN¥878.33 Million with intangible assets of CN¥140.19 Million CNY. See Guangdong Piano Customized Furniture Co defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Guangdong Piano Customized Furniture Co Ltd (2012–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Guangdong Piano Customized Furniture Co Ltd from 2012 to 2025, covering 14 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see how much is Guangdong Piano Customized Furniture Co worth.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 84.1% | CN¥889.80 Million | CN¥141.57 Million | CN¥1.40 Billion | ▲ +3.1 pp |
| 2024 | 81.0% | CN¥931.54 Million | CN¥176.95 Million | CN¥1.54 Billion | ▼ -4.1 pp |
| 2023 | 85.1% | CN¥1.35 Billion | CN¥200.43 Million | CN¥2.31 Billion | ▲ +1.2 pp |
| 2022 | 83.9% | CN¥1.26 Billion | CN¥203.20 Million | CN¥2.42 Billion | ▲ +2.0 pp |
| 2021 | 81.9% | CN¥1.15 Billion | CN¥208.15 Million | CN¥2.39 Billion | ▼ -8.8 pp |
| 2020 | 90.7% | CN¥2.01 Billion | CN¥187.24 Million | CN¥3.13 Billion | ▼ -1.2 pp |
| 2019 | 91.8% | CN¥1.24 Billion | CN¥101.37 Million | CN¥2.00 Billion | ▲ +1.3 pp |
| 2018 | 90.5% | CN¥1.10 Billion | CN¥103.97 Million | CN¥1.59 Billion | ▲ +0.7 pp |
| 2017 | 89.8% | CN¥951.10 Million | CN¥96.99 Million | CN¥1.34 Billion | ▲ +7.4 pp |
| 2016 | 82.4% | CN¥380.68 Million | CN¥67.13 Million | CN¥645.06 Million | ▲ +4.0 pp |
| 2015 | 78.3% | CN¥311.75 Million | CN¥67.54 Million | CN¥515.17 Million | ▲ +6.6 pp |
| 2014 | 71.7% | CN¥243.22 Million | CN¥68.78 Million | CN¥391.54 Million | ▲ +28.3 pp |
| 2013 | 43.5% | CN¥123.02 Million | CN¥69.56 Million | CN¥322.15 Million | ▼ -13.2 pp |
| 2012 | 56.6% | CN¥72.90 Million | CN¥31.64 Million | CN¥191.72 Million | — |