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 defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see how large is United Paper Public Company Limited's balance sheet.
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. Check UTP cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |