Ace Hardware Indonesia Tbk (ACES) — Working Capital to Net Assets Ratio
Ace Hardware Indonesia Tbk (ACES) has a Working Capital to Net Assets ratio of 78.5% as of June 2025. Working capital of Rp4.89 Trillion (current assets of Rp6.17 Trillion minus current liabilities of Rp1.29 Trillion) is measured against net assets of Rp6.22 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Ace Hardware Indonesia Tbk to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Ace Hardware Indonesia Tbk Working Capital to Net Assets (2004–2024)
This chart shows how Ace Hardware Indonesia Tbk's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2004 to 2024. As of June 2025, the ratio stands at 78.5%, reflecting working capital of Rp4.89 Trillion against net assets of Rp6.22 Trillion IDR. Check ACES goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Ace Hardware Indonesia Tbk (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ace Hardware Indonesia Tbk from 2004 to 2024, covering 21 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 market value of Ace Hardware Indonesia Tbk.
| Year | WC/NA Ratio | Working Capital (IDR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 77.9% | Rp5.08 Trillion | Rp6.51 Trillion | Rp5.95 Trillion | Rp873.39 Billion | ▼ -1.2 pp |
| 2023 | 79.2% | Rp4.90 Trillion | Rp6.19 Trillion | Rp5.66 Trillion | Rp763.63 Billion | ▲ +2.5 pp |
| 2022 | 76.7% | Rp4.51 Trillion | Rp5.88 Trillion | Rp5.12 Trillion | Rp611.92 Billion | ▼ -4.4 pp |
| 2021 | 81.1% | Rp4.47 Trillion | Rp5.51 Trillion | Rp5.19 Trillion | Rp722.54 Billion | ▲ +0.8 pp |
| 2020 | 80.2% | Rp4.19 Trillion | Rp5.22 Trillion | Rp5.03 Trillion | Rp844.93 Billion | ▼ -4.5 pp |
| 2019 | 84.7% | Rp4.02 Trillion | Rp4.74 Trillion | Rp4.58 Trillion | Rp567.62 Billion | ▲ +2.9 pp |
| 2018 | 81.8% | Rp3.47 Trillion | Rp4.24 Trillion | Rp4.10 Trillion | Rp631.06 Billion | ▼ -0.2 pp |
| 2017 | 82.0% | Rp2.88 Trillion | Rp3.51 Trillion | Rp3.36 Trillion | Rp478.21 Billion | ▲ +2.2 pp |
| 2016 | 79.8% | Rp2.43 Trillion | Rp3.05 Trillion | Rp2.82 Trillion | Rp388.65 Billion | ▲ +1.6 pp |
| 2015 | 78.2% | Rp2.06 Trillion | Rp2.63 Trillion | Rp2.47 Trillion | Rp412.29 Billion | ▲ +4.3 pp |
| 2014 | 73.9% | Rp1.74 Trillion | Rp2.36 Trillion | Rp2.17 Trillion | Rp426.63 Billion | ▲ +5.6 pp |
| 2013 | 68.3% | Rp1.31 Trillion | Rp1.92 Trillion | Rp1.75 Trillion | Rp439.28 Billion | ▲ +5.8 pp |
| 2012 | 62.5% | Rp1.01 Trillion | Rp1.62 Trillion | Rp1.22 Trillion | Rp208.25 Billion | ▲ +7.2 pp |
| 2011 | 55.2% | Rp680.34 Billion | Rp1.23 Trillion | Rp846.87 Billion | Rp166.52 Billion | ▼ -16.8 pp |
| 2010 | 72.0% | Rp751.88 Billion | Rp1.04 Trillion | Rp862.19 Billion | Rp110.31 Billion | ▼ -9.0 pp |
| 2009 | 81.0% | Rp702.59 Billion | Rp867.77 Billion | Rp775.77 Billion | Rp73.19 Billion | ▲ +3.1 pp |
| 2008 | 77.9% | Rp527.43 Billion | Rp677.46 Billion | Rp619.28 Billion | Rp91.85 Billion | ▼ -2.5 pp |
| 2007 | 80.4% | Rp471.74 Billion | Rp586.88 Billion | Rp575.71 Billion | Rp103.97 Billion | ▲ +23.7 pp |
| 2006 | 56.7% | Rp46.14 Billion | Rp81.41 Billion | Rp169.31 Billion | Rp123.17 Billion | ▲ +7.3 pp |
| 2005 | 49.4% | Rp29.83 Billion | Rp60.40 Billion | Rp101.07 Billion | Rp71.25 Billion | ▲ +51.7 pp |
| 2004 | -2.3% | Rp-676.70 Million | Rp28.88 Billion | Rp50.14 Billion | Rp50.82 Billion | — |