Appasia Bhd (0119) — Working Capital to Net Assets Ratio
Appasia Bhd (0119) has a Working Capital to Net Assets ratio of 81.1% as of September 2025. Working capital of RM36.07 Million (current assets of RM38.04 Million minus current liabilities of RM1.97 Million) is measured against net assets of RM44.50 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 0119 FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Appasia Bhd Working Capital to Net Assets (2015–2024)
This chart shows how Appasia Bhd's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2015 to 2024. As of September 2025, the ratio stands at 81.1%, reflecting working capital of RM36.07 Million against net assets of RM44.50 Million MYR. See Appasia Bhd (0119) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Appasia Bhd (2015–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Appasia Bhd from 2015 to 2024, covering 10 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 0119 stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 86.3% | RM34.20 Million | RM39.63 Million | RM36.75 Million | RM2.55 Million | ▲ +4.5 pp |
| 2023 | 81.8% | RM20.59 Million | RM25.17 Million | RM24.00 Million | RM3.41 Million | ▲ +4.8 pp |
| 2022 | 77.0% | RM18.75 Million | RM24.33 Million | RM22.97 Million | RM4.22 Million | ▼ -0.5 pp |
| 2021 | 77.5% | RM18.70 Million | RM24.11 Million | RM24.79 Million | RM6.10 Million | ▲ +0.2 pp |
| 2020 | 77.3% | RM22.37 Million | RM28.92 Million | RM28.06 Million | RM5.69 Million | ▼ -1.0 pp |
| 2019 | 78.3% | RM20.78 Million | RM26.54 Million | RM25.68 Million | RM4.90 Million | ▼ -5.4 pp |
| 2018 | 83.7% | RM22.69 Million | RM27.12 Million | RM26.30 Million | RM3.61 Million | ▼ -1.3 pp |
| 2017 | 85.0% | RM22.63 Million | RM26.62 Million | RM122.10 Million | RM99.47 Million | ▲ +36.4 pp |
| 2016 | 48.6% | RM4.88 Million | RM10.04 Million | RM6.44 Million | RM1.55 Million | ▼ -34.7 pp |
| 2015 | 83.3% | RM12.65 Million | RM15.18 Million | RM14.73 Million | RM2.08 Million | — |