Pelikan International Corp (5231) — Working Capital to Net Assets Ratio
Pelikan International Corp (5231) has a Working Capital to Net Assets ratio of 173.4% as of December 2025. Working capital of RM106.09 Million (current assets of RM112.42 Million minus current liabilities of RM6.33 Million) is measured against net assets of RM61.18 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 5231 equity to assets ratio to measure how much of total assets are equity-financed.
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 December 2025, the ratio stands at 173.4%, reflecting working capital of RM106.09 Million against net assets of RM61.18 Million MYR. Check 5231 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see market value of Pelikan International Corp.
| 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 | — |