Thai Vegetable Oil Public Company Limited (TVO) — Working Capital to Net Assets Ratio
Thai Vegetable Oil Public Company Limited (TVO) has a Working Capital to Net Assets ratio of 55.6% as of September 2025. Working capital of ฿6.36 Billion (current assets of ฿9.61 Billion minus current liabilities of ฿3.25 Billion) is measured against net assets of ฿11.45 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Thai Vegetable Oil Public Company Limite (TVO) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thai Vegetable Oil Public Company Limited Working Capital to Net Assets (2002–2024)
This chart shows how Thai Vegetable Oil Public Company Limited's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2002 to 2024. As of September 2025, the ratio stands at 55.6%, reflecting working capital of ฿6.36 Billion against net assets of ฿11.45 Billion THB. See Thai Vegetable Oil Public Company Limite liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Thai Vegetable Oil Public Company Limited (2002–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thai Vegetable Oil Public Company Limited from 2002 to 2024, covering 23 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 TVO market cap.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 56.4% | ฿6.39 Billion | ฿11.33 Billion | ฿9.73 Billion | ฿3.35 Billion | ▼ -5.6 pp |
| 2023 | 62.0% | ฿6.49 Billion | ฿10.47 Billion | ฿8.89 Billion | ฿2.40 Billion | ▼ -6.6 pp |
| 2022 | 68.6% | ฿7.28 Billion | ฿10.63 Billion | ฿14.88 Billion | ฿7.59 Billion | ▲ +1.9 pp |
| 2021 | 66.6% | ฿6.60 Billion | ฿9.90 Billion | ฿9.85 Billion | ฿3.25 Billion | ▲ +1.2 pp |
| 2020 | 65.5% | ฿6.24 Billion | ฿9.53 Billion | ฿10.44 Billion | ฿4.20 Billion | ▼ -1.1 pp |
| 2019 | 66.5% | ฿6.02 Billion | ฿9.05 Billion | ฿8.58 Billion | ฿2.56 Billion | ▼ -1.6 pp |
| 2018 | 68.2% | ฿6.03 Billion | ฿8.85 Billion | ฿8.10 Billion | ฿2.07 Billion | ▼ -0.1 pp |
| 2017 | 68.3% | ฿5.85 Billion | ฿8.57 Billion | ฿8.78 Billion | ฿2.94 Billion | ▼ -3.4 pp |
| 2016 | 71.7% | ฿6.39 Billion | ฿8.92 Billion | ฿8.45 Billion | ฿2.06 Billion | ▲ +0.6 pp |
| 2015 | 71.1% | ฿5.61 Billion | ฿7.89 Billion | ฿8.05 Billion | ฿2.44 Billion | ▲ +3.8 pp |
| 2014 | 67.3% | ฿5.03 Billion | ฿7.47 Billion | ฿7.75 Billion | ฿2.72 Billion | ▲ +5.9 pp |
| 2013 | 61.4% | ฿4.22 Billion | ฿6.87 Billion | ฿8.12 Billion | ฿3.89 Billion | ▲ +3.0 pp |
| 2012 | 58.4% | ฿4.04 Billion | ฿6.92 Billion | ฿9.03 Billion | ฿4.99 Billion | ▲ +5.8 pp |
| 2011 | 52.6% | ฿3.05 Billion | ฿5.79 Billion | ฿7.41 Billion | ฿4.36 Billion | ▲ +0.2 pp |
| 2010 | 52.5% | ฿3.26 Billion | ฿6.22 Billion | ฿7.34 Billion | ฿4.07 Billion | ▲ +9.8 pp |
| 2009 | 42.6% | ฿2.20 Billion | ฿5.16 Billion | ฿6.16 Billion | ฿3.96 Billion | ▲ +16.3 pp |
| 2008 | 26.3% | ฿810.72 Million | ฿3.09 Billion | ฿5.31 Billion | ฿4.50 Billion | ▼ -21.8 pp |
| 2007 | 48.1% | ฿1.75 Billion | ฿3.64 Billion | ฿5.47 Billion | ฿3.72 Billion | ▲ +20.0 pp |
| 2006 | 28.1% | ฿785.38 Million | ฿2.79 Billion | ฿4.80 Billion | ฿4.02 Billion | ▲ +12.0 pp |
| 2005 | 16.1% | ฿413.89 Million | ฿2.57 Billion | ฿4.32 Billion | ฿3.90 Billion | ▲ +2.1 pp |
| 2004 | 14.0% | ฿329.79 Million | ฿2.35 Billion | ฿3.52 Billion | ฿3.19 Billion | ▼ -9.3 pp |
| 2003 | 23.3% | ฿557.81 Million | ฿2.39 Billion | ฿4.67 Billion | ฿4.12 Billion | ▲ +11.9 pp |
| 2002 | 11.4% | ฿227.21 Million | ฿1.99 Billion | ฿3.21 Billion | ฿2.98 Billion | — |