Shin Yang Shipping Corporation Bhd (5173) — Working Capital to Net Assets Ratio
Shin Yang Shipping Corporation Bhd (5173) has a Working Capital to Net Assets ratio of 39.7% as of March 2026. Working capital of RM646.71 Million (current assets of RM995.70 Million minus current liabilities of RM349.00 Million) is measured against net assets of RM1.63 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shin Yang Shipping Corporation Bhd leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shin Yang Shipping Corporation Bhd Working Capital to Net Assets (2012–2025)
This chart shows how Shin Yang Shipping Corporation Bhd's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2012 to 2025. As of March 2026, the ratio stands at 39.7%, reflecting working capital of RM646.71 Million against net assets of RM1.63 Billion MYR. See 5173 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Shin Yang Shipping Corporation Bhd (2012–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shin Yang Shipping Corporation Bhd from 2012 to 2025, covering 14 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 Shin Yang Shipping Corporation Bhd (5173) market capitalisation.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 37.4% | RM565.13 Million | RM1.51 Billion | RM950.68 Million | RM385.55 Million | ▼ -0.2 pp |
| 2024 | 37.6% | RM489.83 Million | RM1.30 Billion | RM723.25 Million | RM233.42 Million | ▲ +8.2 pp |
| 2023 | 29.4% | RM360.79 Million | RM1.23 Billion | RM624.92 Million | RM264.13 Million | ▲ +11.0 pp |
| 2022 | 18.5% | RM196.25 Million | RM1.06 Billion | RM524.10 Million | RM327.85 Million | ▲ +15.7 pp |
| 2021 | 2.8% | RM25.84 Million | RM928.19 Million | RM377.69 Million | RM351.84 Million | ▲ +3.8 pp |
| 2020 | -1.0% | RM-9.18 Million | RM911.27 Million | RM369.27 Million | RM378.45 Million | ▼ -1.9 pp |
| 2019 | 0.9% | RM9.61 Million | RM1.07 Billion | RM443.72 Million | RM434.12 Million | ▼ -7.0 pp |
| 2018 | 7.9% | RM93.24 Million | RM1.17 Billion | RM504.95 Million | RM411.70 Million | ▲ +10.6 pp |
| 2017 | -2.6% | RM-30.40 Million | RM1.16 Billion | RM423.39 Million | RM453.79 Million | ▼ -1.2 pp |
| 2016 | -1.5% | RM-16.93 Million | RM1.15 Billion | RM565.52 Million | RM582.45 Million | ▲ +2.7 pp |
| 2015 | -4.1% | RM-48.00 Million | RM1.16 Billion | RM638.00 Million | RM686.00 Million | ▲ +3.2 pp |
| 2014 | -7.3% | RM-83.00 Million | RM1.13 Billion | RM734.00 Million | RM817.00 Million | ▼ -2.0 pp |
| 2013 | -5.3% | RM-60.00 Million | RM1.12 Billion | RM848.00 Million | RM908.00 Million | ▼ -6.4 pp |
| 2012 | 1.1% | RM12.00 Million | RM1.13 Billion | RM630.00 Million | RM618.00 Million | — |