Papilon Savunma Guvenlik Sistemleri (PAPIL) — Working Capital to Net Assets Ratio
Papilon Savunma Guvenlik Sistemleri (PAPIL) has a Working Capital to Net Assets ratio of 75.5% as of June 2025. Working capital of TL355.93 Million (current assets of TL371.91 Million minus current liabilities of TL15.98 Million) is measured against net assets of TL471.61 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Papilon Savunma Guvenlik Sistemleri (PAPIL) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Papilon Savunma Guvenlik Sistemleri Working Capital to Net Assets (2016–2024)
This chart shows how Papilon Savunma Guvenlik Sistemleri's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2016 to 2024. As of June 2025, the ratio stands at 75.5%, reflecting working capital of TL355.93 Million against net assets of TL471.61 Million TRY. See Papilon Savunma Guvenlik Sistemleri (PAPIL) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Papilon Savunma Guvenlik Sistemleri (2016–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Papilon Savunma Guvenlik Sistemleri from 2016 to 2024, covering 9 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 Papilon Savunma Guvenlik Sistemleri market capitalisation.
| Year | WC/NA Ratio | Working Capital (TRY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 76.8% | TL342.67 Million | TL446.20 Million | TL368.32 Million | TL25.66 Million | ▼ -4.1 pp |
| 2023 | 80.9% | TL373.33 Million | TL461.74 Million | TL393.98 Million | TL20.65 Million | ▼ -8.7 pp |
| 2022 | 89.5% | TL134.95 Million | TL150.76 Million | TL142.57 Million | TL7.62 Million | ▼ -1.3 pp |
| 2021 | 90.8% | TL103.90 Million | TL114.41 Million | TL112.83 Million | TL8.93 Million | ▼ -2.6 pp |
| 2020 | 93.4% | TL84.12 Million | TL90.06 Million | TL87.10 Million | TL2.97 Million | ▼ -3.2 pp |
| 2019 | 96.6% | TL79.83 Million | TL82.60 Million | TL88.38 Million | TL8.55 Million | ▼ -2.0 pp |
| 2018 | 98.6% | TL58.59 Million | TL59.43 Million | TL61.26 Million | TL2.67 Million | ▼ -1.1 pp |
| 2017 | 99.7% | TL39.99 Million | TL40.12 Million | TL44.54 Million | TL4.55 Million | ▼ -0.1 pp |
| 2016 | 99.7% | TL24.00 Million | TL24.06 Million | TL26.84 Million | TL2.84 Million | — |