So-Young International Inc (SY) — Working Capital to Net Assets Ratio
So-Young International Inc (SY) has a Working Capital to Net Assets ratio of 45.1% as of September 2025. Working capital of $807.74 Million (current assets of $1.48 Billion minus current liabilities of $672.61 Million) is measured against net assets of $1.79 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See So-Young International Inc financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
So-Young International Inc Working Capital to Net Assets (2016–2024)
This chart shows how So-Young International Inc's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2016 to 2024. As of September 2025, the ratio stands at 45.1%, reflecting working capital of $807.74 Million against net assets of $1.79 Billion USD. See defensive interval ratio of So-Young International Inc to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for So-Young International Inc (2016–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for So-Young International Inc from 2016 to 2024, covering 9 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 SY market cap overview.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 55.9% | $1.09 Billion | $1.96 Billion | $1.72 Billion | $630.21 Million | ▲ +9.7 pp |
| 2023 | 46.1% | $1.18 Billion | $2.56 Billion | $1.72 Billion | $540.42 Million | ▼ -6.7 pp |
| 2022 | 52.9% | $1.38 Billion | $2.61 Billion | $1.92 Billion | $538.04 Million | ▲ +0.6 pp |
| 2021 | 52.2% | $1.32 Billion | $2.52 Billion | $2.03 Billion | $712.40 Million | ▼ -32.7 pp |
| 2020 | 84.9% | $2.23 Billion | $2.62 Billion | $2.80 Billion | $570.87 Million | ▼ -9.3 pp |
| 2019 | 94.2% | $2.49 Billion | $2.64 Billion | $2.96 Billion | $466.51 Million | ▲ +0.2 pp |
| 2018 | 94.0% | $976.29 Million | $1.04 Billion | $1.28 Billion | $302.16 Million | ▼ -2.2 pp |
| 2017 | 96.3% | $411.51 Million | $427.46 Million | $552.44 Million | $140.93 Million | ▲ +6.1 pp |
| 2016 | 90.2% | $85.88 Million | $95.26 Million | $140.77 Million | $54.89 Million | — |