Thai Poly Acrylic Public Company Limited (TPA) — Working Capital to Net Assets Ratio
Thai Poly Acrylic Public Company Limited (TPA) has a Working Capital to Net Assets ratio of 49.3% as of September 2025. Working capital of ฿174.26 Million (current assets of ฿311.03 Million minus current liabilities of ฿136.77 Million) is measured against net assets of ฿353.26 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TPA net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thai Poly Acrylic Public Company Limited Working Capital to Net Assets (2003–2024)
This chart shows how Thai Poly Acrylic Public Company Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2003 to 2024. As of September 2025, the ratio stands at 49.3%, reflecting working capital of ฿174.26 Million against net assets of ฿353.26 Million THB. Check TPA tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Thai Poly Acrylic Public Company Limited (2003–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thai Poly Acrylic Public Company Limited from 2003 to 2024, covering 22 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 TPA market cap.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 49.3% | ฿182.77 Million | ฿370.56 Million | ฿356.66 Million | ฿173.89 Million | ▼ -3.8 pp |
| 2023 | 53.2% | ฿225.12 Million | ฿423.45 Million | ฿448.70 Million | ฿223.58 Million | ▲ +1.8 pp |
| 2022 | 51.4% | ฿209.46 Million | ฿407.42 Million | ฿386.76 Million | ฿177.30 Million | ▼ -5.1 pp |
| 2021 | 56.5% | ฿270.88 Million | ฿479.19 Million | ฿464.12 Million | ฿193.24 Million | ▼ -1.5 pp |
| 2020 | 58.0% | ฿296.38 Million | ฿510.95 Million | ฿609.18 Million | ฿312.80 Million | ▲ +1.5 pp |
| 2019 | 56.5% | ฿287.41 Million | ฿508.71 Million | ฿491.05 Million | ฿203.64 Million | ▲ +3.5 pp |
| 2018 | 53.0% | ฿282.65 Million | ฿533.66 Million | ฿611.42 Million | ฿328.77 Million | ▼ -6.6 pp |
| 2017 | 59.6% | ฿363.05 Million | ฿609.57 Million | ฿707.42 Million | ฿344.36 Million | ▲ +12.4 pp |
| 2016 | 47.2% | ฿315.33 Million | ฿668.23 Million | ฿607.87 Million | ฿292.54 Million | ▲ +2.8 pp |
| 2015 | 44.4% | ฿287.30 Million | ฿647.48 Million | ฿544.67 Million | ฿257.36 Million | ▲ +5.4 pp |
| 2014 | 38.9% | ฿237.69 Million | ฿610.52 Million | ฿539.72 Million | ฿302.03 Million | ▲ +2.2 pp |
| 2013 | 36.7% | ฿223.78 Million | ฿609.48 Million | ฿583.43 Million | ฿359.65 Million | ▼ -6.0 pp |
| 2012 | 42.7% | ฿271.78 Million | ฿636.65 Million | ฿702.61 Million | ฿430.84 Million | ▲ +0.2 pp |
| 2011 | 42.5% | ฿259.53 Million | ฿610.69 Million | ฿587.46 Million | ฿327.93 Million | ▼ -9.2 pp |
| 2010 | 51.7% | ฿312.03 Million | ฿603.55 Million | ฿739.64 Million | ฿427.61 Million | ▲ +3.7 pp |
| 2009 | 48.0% | ฿291.26 Million | ฿606.24 Million | ฿665.59 Million | ฿374.33 Million | ▲ +7.8 pp |
| 2008 | 40.3% | ฿238.98 Million | ฿593.65 Million | ฿569.80 Million | ฿330.82 Million | ▲ +3.0 pp |
| 2007 | 37.2% | ฿230.20 Million | ฿618.38 Million | ฿632.18 Million | ฿401.98 Million | ▼ -3.1 pp |
| 2006 | 40.3% | ฿263.46 Million | ฿653.27 Million | ฿510.31 Million | ฿246.85 Million | ▼ -8.1 pp |
| 2005 | 48.4% | ฿292.58 Million | ฿604.35 Million | ฿527.20 Million | ฿234.62 Million | ▼ -4.6 pp |
| 2004 | 53.0% | ฿296.28 Million | ฿558.64 Million | ฿540.80 Million | ฿244.51 Million | ▲ +0.8 pp |
| 2003 | 52.2% | ฿289.53 Million | ฿554.60 Million | ฿469.45 Million | ฿179.92 Million | — |