Southern Acids (M) Bhd (5134) — Working Capital to Net Assets Ratio
Southern Acids (M) Bhd (5134) has a Working Capital to Net Assets ratio of 57.9% as of December 2025. Working capital of RM503.13 Million (current assets of RM596.24 Million minus current liabilities of RM93.11 Million) is measured against net assets of RM868.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of Southern Acids (M) Bhd to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Southern Acids (M) Bhd Working Capital to Net Assets (2013–2025)
This chart shows how Southern Acids (M) Bhd's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 57.9%, reflecting working capital of RM503.13 Million against net assets of RM868.60 Million MYR. For the complete balance sheet picture, see balance sheet size of Southern Acids (M) Bhd.
Annual Working Capital to Net Assets for Southern Acids (M) Bhd (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Southern Acids (M) Bhd from 2013 to 2025, covering 13 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 Southern Acids (M) Bhd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 66.2% | RM515.88 Million | RM779.74 Million | RM608.61 Million | RM92.73 Million | ▲ +0.7 pp |
| 2024 | 65.4% | RM510.04 Million | RM779.57 Million | RM612.70 Million | RM102.66 Million | ▼ -2.9 pp |
| 2023 | 68.3% | RM515.84 Million | RM754.93 Million | RM591.77 Million | RM75.93 Million | ▲ +2.7 pp |
| 2022 | 65.7% | RM477.72 Million | RM727.47 Million | RM593.12 Million | RM115.40 Million | ▲ +9.3 pp |
| 2021 | 56.3% | RM359.16 Million | RM637.66 Million | RM433.06 Million | RM73.90 Million | ▲ +4.0 pp |
| 2020 | 52.3% | RM310.86 Million | RM594.42 Million | RM362.44 Million | RM51.57 Million | ▲ +5.6 pp |
| 2019 | 46.7% | RM280.61 Million | RM601.28 Million | RM341.17 Million | RM60.56 Million | ▲ +0.2 pp |
| 2018 | 46.4% | RM272.27 Million | RM586.38 Million | RM339.65 Million | RM67.37 Million | ▼ -1.8 pp |
| 2017 | 48.2% | RM274.34 Million | RM568.76 Million | RM339.01 Million | RM64.66 Million | ▲ +7.9 pp |
| 2016 | 40.3% | RM225.00 Million | RM558.00 Million | RM281.00 Million | RM56.00 Million | ▲ +1.2 pp |
| 2015 | 39.1% | RM211.00 Million | RM539.00 Million | RM267.00 Million | RM56.00 Million | ▼ -2.9 pp |
| 2014 | 42.1% | RM217.00 Million | RM516.00 Million | RM275.00 Million | RM58.00 Million | ▲ +2.0 pp |
| 2013 | 40.0% | RM193.00 Million | RM482.00 Million | RM248.00 Million | RM55.00 Million | — |