Thai Mitsuwa Public Company Limited (TMW) — Working Capital to Net Assets Ratio
Thai Mitsuwa Public Company Limited (TMW) has a Working Capital to Net Assets ratio of 43.0% as of December 2025. Working capital of ฿1.65 Billion (current assets of ฿2.33 Billion minus current liabilities of ฿681.58 Million) is measured against net assets of ฿3.84 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TMW defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thai Mitsuwa Public Company Limited Working Capital to Net Assets (2007–2025)
This chart shows how Thai Mitsuwa Public Company Limited's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of December 2025, the ratio stands at 43.0%, reflecting working capital of ฿1.65 Billion against net assets of ฿3.84 Billion THB. For the complete balance sheet picture, see Thai Mitsuwa Public Company Limited balance sheet assets.
Annual Working Capital to Net Assets for Thai Mitsuwa Public Company Limited (2007–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thai Mitsuwa Public Company Limited from 2007 to 2025, covering 19 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. Check financial resilience of Thai Mitsuwa Public Company Limited to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 41.0% | ฿1.45 Billion | ฿3.53 Billion | ฿2.11 Billion | ฿660.96 Million | ▼ -1.3 pp |
| 2024 | 42.3% | ฿1.36 Billion | ฿3.22 Billion | ฿2.09 Billion | ฿724.10 Million | ▲ +8.6 pp |
| 2023 | 33.8% | ฿924.03 Million | ฿2.74 Billion | ฿1.65 Billion | ฿726.77 Million | ▲ +6.9 pp |
| 2022 | 26.9% | ฿685.04 Million | ฿2.55 Billion | ฿1.26 Billion | ฿576.31 Million | ▲ +4.9 pp |
| 2021 | 22.0% | ฿538.04 Million | ฿2.45 Billion | ฿1.24 Billion | ฿697.15 Million | ▲ +1.2 pp |
| 2020 | 20.8% | ฿510.47 Million | ฿2.46 Billion | ฿1.15 Billion | ฿635.89 Million | ▼ -5.4 pp |
| 2019 | 26.2% | ฿613.28 Million | ฿2.34 Billion | ฿1.28 Billion | ฿671.32 Million | ▼ -12.6 pp |
| 2018 | 38.8% | ฿804.44 Million | ฿2.07 Billion | ฿1.59 Billion | ฿787.98 Million | ▼ -7.3 pp |
| 2017 | 46.1% | ฿824.17 Million | ฿1.79 Billion | ฿1.36 Billion | ฿531.61 Million | ▲ +8.7 pp |
| 2016 | 37.4% | ฿618.57 Million | ฿1.65 Billion | ฿1.11 Billion | ฿494.80 Million | ▼ -5.5 pp |
| 2015 | 42.9% | ฿664.54 Million | ฿1.55 Billion | ฿1.07 Billion | ฿408.57 Million | ▲ +11.5 pp |
| 2014 | 31.3% | ฿459.70 Million | ฿1.47 Billion | ฿838.68 Million | ฿378.98 Million | ▲ +5.9 pp |
| 2013 | 25.4% | ฿353.77 Million | ฿1.39 Billion | ฿837.47 Million | ฿483.69 Million | ▲ +17.4 pp |
| 2012 | 8.0% | ฿73.03 Million | ฿909.64 Million | ฿889.97 Million | ฿816.95 Million | ▼ -14.8 pp |
| 2011 | 22.8% | ฿209.91 Million | ฿919.72 Million | ฿569.83 Million | ฿359.92 Million | ▼ -6.4 pp |
| 2010 | 29.2% | ฿255.40 Million | ฿874.67 Million | ฿507.70 Million | ฿252.31 Million | ▲ +7.3 pp |
| 2009 | 21.9% | ฿187.16 Million | ฿854.00 Million | ฿354.82 Million | ฿167.67 Million | ▼ -2.5 pp |
| 2008 | 24.4% | ฿208.14 Million | ฿851.29 Million | ฿528.22 Million | ฿320.07 Million | ▲ +8.8 pp |
| 2007 | 15.6% | ฿127.08 Million | ฿813.53 Million | ฿391.62 Million | ฿264.53 Million | — |