Pelikan International Corp (5231) — Working Capital to Net Assets Ratio
Pelikan International Corp (5231) has a Working Capital to Net Assets ratio of 110.6% as of March 2026. Working capital of RM67.70 Million (current assets of RM102.69 Million minus current liabilities of RM34.99 Million) is measured against net assets of RM61.21 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Pelikan International Corp defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pelikan International Corp Working Capital to Net Assets (2006–2025)
This chart shows how Pelikan International Corp's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2006 to 2025. As of March 2026, the ratio stands at 110.6%, reflecting working capital of RM67.70 Million against net assets of RM61.21 Million MYR. For the complete balance sheet picture, see 5231 total asset value.
Annual Working Capital to Net Assets for Pelikan International Corp (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pelikan International Corp from 2006 to 2025, covering 20 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 Pelikan International Corp liquidity resilience 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 | 173.4% | RM106.09 Million | RM61.18 Million | RM112.42 Million | RM6.33 Million | ▼ -37.9 pp |
| 2024 | 211.3% | RM129.45 Million | RM61.26 Million | RM134.66 Million | RM5.21 Million | ▲ +97.2 pp |
| 2023 | 114.1% | RM616.35 Million | RM540.18 Million | RM641.31 Million | RM24.96 Million | ▲ +71.7 pp |
| 2022 | 42.4% | RM220.15 Million | RM519.38 Million | RM641.38 Million | RM421.23 Million | ▲ +2.1 pp |
| 2021 | 40.3% | RM172.35 Million | RM428.02 Million | RM650.80 Million | RM478.45 Million | ▼ -17.5 pp |
| 2020 | 57.8% | RM267.38 Million | RM462.52 Million | RM721.55 Million | RM454.17 Million | ▲ +52.1 pp |
| 2019 | 5.7% | RM25.13 Million | RM443.28 Million | RM539.48 Million | RM514.35 Million | ▼ -2.0 pp |
| 2018 | 7.7% | RM33.77 Million | RM438.57 Million | RM567.76 Million | RM533.99 Million | ▲ +5.3 pp |
| 2017 | 2.4% | RM10.69 Million | RM446.84 Million | RM649.29 Million | RM638.60 Million | ▲ +2.1 pp |
| 2016 | 0.2% | RM1.03 Million | RM420.71 Million | RM678.77 Million | RM677.74 Million | ▼ -0.2 pp |
| 2015 | 0.5% | RM2.20 Million | RM463.46 Million | RM687.15 Million | RM684.94 Million | ▼ -25.4 pp |
| 2014 | 25.9% | RM127.23 Million | RM490.85 Million | RM700.40 Million | RM573.17 Million | ▼ -1.9 pp |
| 2013 | 27.8% | RM153.57 Million | RM552.16 Million | RM725.50 Million | RM571.93 Million | ▼ -2.5 pp |
| 2012 | 30.3% | RM166.96 Million | RM551.38 Million | RM806.60 Million | RM639.63 Million | ▲ +5.4 pp |
| 2011 | 24.9% | RM169.06 Million | RM679.84 Million | RM898.78 Million | RM729.72 Million | ▼ -7.5 pp |
| 2010 | 32.4% | RM272.12 Million | RM840.31 Million | RM919.05 Million | RM646.93 Million | ▼ -7.0 pp |
| 2009 | 39.4% | RM237.55 Million | RM603.14 Million | RM717.39 Million | RM479.84 Million | ▼ -11.1 pp |
| 2008 | 50.5% | RM284.33 Million | RM562.80 Million | RM733.66 Million | RM449.33 Million | ▼ -11.1 pp |
| 2007 | 61.6% | RM313.77 Million | RM509.51 Million | RM787.69 Million | RM473.92 Million | ▲ +17.4 pp |
| 2006 | 44.2% | RM191.54 Million | RM433.24 Million | RM427.23 Million | RM235.69 Million | — |