Shenzhen Topway Video Communication Co Ltd (002238) — Working Capital to Net Assets Ratio
Shenzhen Topway Video Communication Co Ltd (002238) has a Working Capital to Net Assets ratio of -21.3% as of March 2026. Working capital of CN¥-427.36 Million (current assets of CN¥981.15 Million minus current liabilities of CN¥1.41 Billion) is measured against net assets of CN¥2.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shenzhen Topway Video Communication Co L free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shenzhen Topway Video Communication Co Ltd Working Capital to Net Assets (2005–2025)
This chart shows how Shenzhen Topway Video Communication Co Ltd's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of March 2026, the ratio stands at -21.3%, reflecting working capital of CN¥-427.36 Million against net assets of CN¥2.01 Billion CNY. See Shenzhen Topway Video Communication Co L liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Shenzhen Topway Video Communication Co Ltd (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shenzhen Topway Video Communication Co Ltd from 2005 to 2025, covering 21 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 Shenzhen Topway Video Communication Co L (002238) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -22.0% | CN¥-446.13 Million | CN¥2.03 Billion | CN¥1.00 Billion | CN¥1.45 Billion | ▼ -12.4 pp |
| 2024 | -9.6% | CN¥-222.63 Million | CN¥2.32 Billion | CN¥1.45 Billion | CN¥1.68 Billion | ▼ -3.4 pp |
| 2023 | -6.2% | CN¥-148.25 Million | CN¥2.41 Billion | CN¥1.52 Billion | CN¥1.67 Billion | ▼ -6.5 pp |
| 2022 | 0.3% | CN¥8.09 Million | CN¥2.37 Billion | CN¥1.57 Billion | CN¥1.56 Billion | ▼ -3.1 pp |
| 2021 | 3.4% | CN¥79.77 Million | CN¥2.35 Billion | CN¥1.32 Billion | CN¥1.24 Billion | ▲ +4.8 pp |
| 2020 | -1.4% | CN¥-32.90 Million | CN¥2.29 Billion | CN¥1.48 Billion | CN¥1.52 Billion | ▼ -26.5 pp |
| 2019 | 25.1% | CN¥687.93 Million | CN¥2.74 Billion | CN¥1.67 Billion | CN¥983.77 Million | ▼ -2.8 pp |
| 2018 | 27.8% | CN¥800.06 Million | CN¥2.87 Billion | CN¥1.74 Billion | CN¥934.99 Million | ▲ +1.1 pp |
| 2017 | 26.7% | CN¥755.29 Million | CN¥2.83 Billion | CN¥1.70 Billion | CN¥946.75 Million | ▼ -3.0 pp |
| 2016 | 29.7% | CN¥824.95 Million | CN¥2.78 Billion | CN¥1.74 Billion | CN¥913.56 Million | ▼ -4.8 pp |
| 2015 | 34.5% | CN¥902.36 Million | CN¥2.61 Billion | CN¥1.79 Billion | CN¥888.03 Million | ▲ +2.3 pp |
| 2014 | 32.2% | CN¥787.36 Million | CN¥2.44 Billion | CN¥1.33 Billion | CN¥546.61 Million | ▲ +9.5 pp |
| 2013 | 22.7% | CN¥374.97 Million | CN¥1.65 Billion | CN¥746.66 Million | CN¥371.69 Million | ▲ +7.3 pp |
| 2012 | 15.4% | CN¥234.27 Million | CN¥1.52 Billion | CN¥634.68 Million | CN¥400.41 Million | ▲ +4.2 pp |
| 2011 | 11.2% | CN¥157.46 Million | CN¥1.41 Billion | CN¥629.25 Million | CN¥471.79 Million | ▼ -22.4 pp |
| 2010 | 33.6% | CN¥444.55 Million | CN¥1.32 Billion | CN¥792.52 Million | CN¥347.97 Million | ▲ +4.4 pp |
| 2009 | 29.2% | CN¥367.89 Million | CN¥1.26 Billion | CN¥694.10 Million | CN¥326.21 Million | ▲ +1.5 pp |
| 2008 | 27.7% | CN¥333.63 Million | CN¥1.20 Billion | CN¥645.80 Million | CN¥312.17 Million | ▲ +54.9 pp |
| 2007 | -27.2% | CN¥-184.51 Million | CN¥679.34 Million | CN¥268.21 Million | CN¥452.72 Million | ▼ -24.5 pp |
| 2006 | -2.6% | CN¥-19.30 Million | CN¥731.24 Million | CN¥358.65 Million | CN¥377.95 Million | ▼ -8.7 pp |
| 2005 | 6.0% | CN¥41.97 Million | CN¥693.96 Million | CN¥326.10 Million | CN¥284.13 Million | — |