Stars Microelectronics (Thailand) PCL (SMT) — Working Capital to Net Assets Ratio
Stars Microelectronics (Thailand) PCL (SMT) has a Working Capital to Net Assets ratio of 41.7% as of September 2025. Working capital of ฿716.97 Million (current assets of ฿1.31 Billion minus current liabilities of ฿592.12 Million) is measured against net assets of ฿1.72 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See SMT financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Stars Microelectronics (Thailand) PCL Working Capital to Net Assets (2008–2024)
This chart shows how Stars Microelectronics (Thailand) PCL's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2008 to 2024. As of September 2025, the ratio stands at 41.7%, reflecting working capital of ฿716.97 Million against net assets of ฿1.72 Billion THB. See SMT cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Stars Microelectronics (Thailand) PCL (2008–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Stars Microelectronics (Thailand) PCL from 2008 to 2024, covering 17 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see SMT stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 40.0% | ฿726.55 Million | ฿1.82 Billion | ฿1.25 Billion | ฿525.27 Million | ▲ +2.9 pp |
| 2023 | 37.1% | ฿766.24 Million | ฿2.07 Billion | ฿1.02 Billion | ฿250.20 Million | ▲ +3.9 pp |
| 2022 | 33.1% | ฿626.02 Million | ฿1.89 Billion | ฿1.21 Billion | ฿585.68 Million | ▲ +2.4 pp |
| 2021 | 30.7% | ฿485.38 Million | ฿1.58 Billion | ฿1.04 Billion | ฿555.18 Million | ▲ +57.0 pp |
| 2020 | -26.3% | ฿-348.76 Million | ฿1.33 Billion | ฿727.22 Million | ฿1.08 Billion | ▲ +19.5 pp |
| 2019 | -45.8% | ฿-570.26 Million | ฿1.25 Billion | ฿697.21 Million | ฿1.27 Billion | ▼ -22.3 pp |
| 2018 | -23.5% | ฿-305.92 Million | ฿1.30 Billion | ฿675.20 Million | ฿981.12 Million | ▲ +33.8 pp |
| 2017 | -57.3% | ฿-701.49 Million | ฿1.22 Billion | ฿585.92 Million | ฿1.29 Billion | ▼ -64.7 pp |
| 2016 | 7.4% | ฿130.58 Million | ฿1.77 Billion | ฿1.09 Billion | ฿964.04 Million | ▲ +7.4 pp |
| 2015 | 0.0% | ฿244.42K | ฿1.75 Billion | ฿1.31 Billion | ฿1.31 Billion | ▲ +19.9 pp |
| 2014 | -19.9% | ฿-358.32 Million | ฿1.80 Billion | ฿1.32 Billion | ฿1.68 Billion | ▲ +0.1 pp |
| 2013 | -20.0% | ฿-383.73 Million | ฿1.92 Billion | ฿1.08 Billion | ฿1.46 Billion | ▲ +9.5 pp |
| 2012 | -29.5% | ฿-519.01 Million | ฿1.76 Billion | ฿1.46 Billion | ฿1.98 Billion | ▲ +9.6 pp |
| 2011 | -39.1% | ฿-397.83 Million | ฿1.02 Billion | ฿627.41 Million | ฿1.03 Billion | ▼ -38.5 pp |
| 2010 | -0.5% | ฿-10.81 Million | ฿2.10 Billion | ฿1.90 Billion | ฿1.91 Billion | ▼ -1.9 pp |
| 2009 | 1.4% | ฿24.18 Million | ฿1.70 Billion | ฿2.11 Billion | ฿2.09 Billion | ▲ +105.8 pp |
| 2008 | -104.4% | ฿-1.17 Billion | ฿1.12 Billion | ฿1.72 Billion | ฿2.89 Billion | — |