United Paper Public Company Limited (UTP) — Working Capital to Net Assets Ratio
United Paper Public Company Limited (UTP) has a Working Capital to Net Assets ratio of 68.0% as of September 2025. Working capital of ฿3.19 Billion (current assets of ฿3.60 Billion minus current liabilities of ฿404.02 Million) is measured against net assets of ฿4.70 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See United Paper Public Company Limited balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
United Paper Public Company Limited Working Capital to Net Assets (2006–2024)
This chart shows how United Paper Public Company Limited's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2006 to 2024. As of September 2025, the ratio stands at 68.0%, reflecting working capital of ฿3.19 Billion against net assets of ฿4.70 Billion THB. Check tangible equity quality of United Paper Public Company Limited to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for United Paper Public Company Limited (2006–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for United Paper Public Company Limited from 2006 to 2024, 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. For live market cap and the full company profile, see United Paper Public Company Limited market cap and net worth.
| Year | WC/NA Ratio | Working Capital (THB) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 66.8% | ฿3.13 Billion | ฿4.69 Billion | ฿3.57 Billion | ฿432.23 Million | ▲ +1.0 pp |
| 2023 | 65.9% | ฿3.03 Billion | ฿4.61 Billion | ฿3.42 Billion | ฿386.75 Million | ▲ +7.2 pp |
| 2022 | 58.7% | ฿2.42 Billion | ฿4.12 Billion | ฿2.86 Billion | ฿440.71 Million | ▲ +1.0 pp |
| 2021 | 57.6% | ฿2.22 Billion | ฿3.86 Billion | ฿2.59 Billion | ฿369.90 Million | ▲ +7.9 pp |
| 2020 | 49.7% | ฿1.72 Billion | ฿3.46 Billion | ฿2.12 Billion | ฿406.45 Million | ▲ +7.7 pp |
| 2019 | 42.0% | ฿1.32 Billion | ฿3.15 Billion | ฿1.61 Billion | ฿289.68 Million | ▲ +4.8 pp |
| 2018 | 37.2% | ฿995.40 Million | ฿2.68 Billion | ฿1.58 Billion | ฿588.73 Million | ▼ -2.0 pp |
| 2017 | 39.2% | ฿885.32 Million | ฿2.26 Billion | ฿1.39 Billion | ฿504.13 Million | ▲ +18.2 pp |
| 2016 | 20.9% | ฿427.30 Million | ฿2.04 Billion | ฿903.07 Million | ฿475.77 Million | ▲ +3.5 pp |
| 2015 | 17.5% | ฿340.37 Million | ฿1.95 Billion | ฿871.22 Million | ฿530.85 Million | ▼ -27.4 pp |
| 2014 | 44.9% | ฿830.17 Million | ฿1.85 Billion | ฿1.08 Billion | ฿252.07 Million | ▲ +0.5 pp |
| 2013 | 44.4% | ฿787.14 Million | ฿1.77 Billion | ฿1.07 Billion | ฿279.18 Million | ▲ +1.6 pp |
| 2012 | 42.8% | ฿544.09 Million | ฿1.27 Billion | ฿839.12 Million | ฿295.04 Million | ▲ +11.0 pp |
| 2011 | 31.8% | ฿391.24 Million | ฿1.23 Billion | ฿693.47 Million | ฿302.23 Million | ▲ +1.0 pp |
| 2010 | 30.8% | ฿385.02 Million | ฿1.25 Billion | ฿779.43 Million | ฿394.41 Million | ▲ +1.6 pp |
| 2009 | 29.2% | ฿359.78 Million | ฿1.23 Billion | ฿702.11 Million | ฿342.33 Million | ▲ +8.6 pp |
| 2008 | 20.6% | ฿252.89 Million | ฿1.23 Billion | ฿703.13 Million | ฿450.24 Million | ▼ -11.1 pp |
| 2007 | 31.8% | ฿344.40 Million | ฿1.08 Billion | ฿753.32 Million | ฿408.91 Million | ▼ -8.0 pp |
| 2006 | 39.7% | ฿440.98 Million | ฿1.11 Billion | ฿791.94 Million | ฿350.96 Million | — |