Tunghsu Azure Renewable Energy Co Ltd (000040) — Working Capital to Net Assets Ratio
Tunghsu Azure Renewable Energy Co Ltd (000040) has a Working Capital to Net Assets ratio of 28.2% as of September 2024. Working capital of CN¥3.09 Billion (current assets of CN¥10.83 Billion minus current liabilities of CN¥7.74 Billion) is measured against net assets of CN¥10.96 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 000040 financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tunghsu Azure Renewable Energy Co Ltd Working Capital to Net Assets (2015–2023)
This chart shows how Tunghsu Azure Renewable Energy Co Ltd's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2015 to 2023. As of September 2024, the ratio stands at 28.2%, reflecting working capital of CN¥3.09 Billion against net assets of CN¥10.96 Billion CNY. See defensive interval ratio of Tunghsu Azure Renewable Energy Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tunghsu Azure Renewable Energy Co Ltd (2015–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tunghsu Azure Renewable Energy Co Ltd from 2015 to 2023, 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 market cap of Tunghsu Azure Renewable Energy Co Ltd.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 22.0% | CN¥2.44 Billion | CN¥11.10 Billion | CN¥11.26 Billion | CN¥8.82 Billion | ▼ -10.1 pp |
| 2022 | 32.2% | CN¥3.62 Billion | CN¥11.26 Billion | CN¥12.61 Billion | CN¥8.98 Billion | ▲ +16.0 pp |
| 2021 | 16.1% | CN¥1.87 Billion | CN¥11.58 Billion | CN¥12.80 Billion | CN¥10.93 Billion | ▼ -9.3 pp |
| 2020 | 25.4% | CN¥3.10 Billion | CN¥12.20 Billion | CN¥12.87 Billion | CN¥9.77 Billion | ▼ -11.8 pp |
| 2019 | 37.3% | CN¥5.04 Billion | CN¥13.52 Billion | CN¥17.08 Billion | CN¥12.04 Billion | ▼ -17.3 pp |
| 2018 | 54.5% | CN¥7.95 Billion | CN¥14.57 Billion | CN¥21.37 Billion | CN¥13.42 Billion | ▼ -32.3 pp |
| 2017 | 86.8% | CN¥10.03 Billion | CN¥11.56 Billion | CN¥20.62 Billion | CN¥10.59 Billion | ▲ +0.5 pp |
| 2016 | 86.3% | CN¥9.47 Billion | CN¥10.96 Billion | CN¥13.13 Billion | CN¥3.66 Billion | ▼ -144.7 pp |
| 2015 | 231.0% | CN¥3.06 Billion | CN¥1.33 Billion | CN¥6.36 Billion | CN¥3.30 Billion | — |