Tunghsu Azure Renewable Energy Co Ltd Working Capital to Net Assets Ratio
Tunghsu Azure Renewable Energy Co Ltd 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. Check 000040 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Tunghsu Azure Renewable Energy Co Ltd (2015–2023)
Working capital to net assets ratio of Tunghsu Azure Renewable Energy Co Ltd from 2015 to 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 Tunghsu Azure Renewable Energy Co Ltd (000040) liquidity interval to measure how many days the company can operate on defensive assets alone.
Tunghsu Azure Renewable Energy Co Ltd Working Capital to Net Assets Ratio by Year (2015–2023)
Tunghsu Azure Renewable Energy Co Ltd working capital to net assets ratio by year from 2015 to 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 the complete balance sheet picture, see 000040 asset base.
| 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 | — |