S.F. Holding Co. Ltd (002352) — Working Capital to Net Assets Ratio
S.F. Holding Co. Ltd (002352) has a Working Capital to Net Assets ratio of 21.0% as of September 2025. Working capital of CN¥22.83 Billion (current assets of CN¥92.80 Billion minus current liabilities of CN¥69.97 Billion) is measured against net assets of CN¥108.98 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 002352 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
S.F. Holding Co. Ltd Working Capital to Net Assets (2006–2024)
This chart shows how S.F. Holding Co. Ltd's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2006 to 2024. As of September 2025, the ratio stands at 21.0%, reflecting working capital of CN¥22.83 Billion against net assets of CN¥108.98 Billion CNY. See 002352 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for S.F. Holding Co. Ltd (2006–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for S.F. Holding Co. Ltd from 2006 to 2024, covering 19 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 S.F. Holding Co. Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 16.1% | CN¥16.49 Billion | CN¥102.34 Billion | CN¥88.69 Billion | CN¥72.19 Billion | ▼ -0.3 pp |
| 2023 | 16.5% | CN¥17.00 Billion | CN¥103.28 Billion | CN¥90.99 Billion | CN¥73.99 Billion | ▲ +3.2 pp |
| 2022 | 13.2% | CN¥13.00 Billion | CN¥98.29 Billion | CN¥90.67 Billion | CN¥77.68 Billion | ▼ -5.3 pp |
| 2021 | 18.5% | CN¥18.09 Billion | CN¥97.92 Billion | CN¥94.11 Billion | CN¥76.02 Billion | ▲ +1.1 pp |
| 2020 | 17.4% | CN¥9.87 Billion | CN¥56.76 Billion | CN¥51.68 Billion | CN¥41.81 Billion | ▼ -10.7 pp |
| 2019 | 28.0% | CN¥11.91 Billion | CN¥42.49 Billion | CN¥42.90 Billion | CN¥30.98 Billion | ▲ +13.0 pp |
| 2018 | 15.0% | CN¥5.55 Billion | CN¥36.91 Billion | CN¥31.92 Billion | CN¥26.37 Billion | ▼ -15.3 pp |
| 2017 | 30.4% | CN¥9.95 Billion | CN¥32.73 Billion | CN¥31.49 Billion | CN¥21.54 Billion | ▲ +16.1 pp |
| 2016 | 14.3% | CN¥2.95 Billion | CN¥20.56 Billion | CN¥21.33 Billion | CN¥18.39 Billion | ▼ -45.5 pp |
| 2015 | 59.8% | CN¥423.51 Million | CN¥708.00 Million | CN¥594.28 Million | CN¥170.77 Million | ▼ -5.3 pp |
| 2014 | 65.1% | CN¥467.28 Million | CN¥717.90 Million | CN¥659.67 Million | CN¥192.39 Million | ▲ +3.8 pp |
| 2013 | 61.3% | CN¥444.29 Million | CN¥724.90 Million | CN¥863.97 Million | CN¥419.68 Million | ▼ -2.4 pp |
| 2012 | 63.7% | CN¥453.61 Million | CN¥711.86 Million | CN¥754.59 Million | CN¥300.98 Million | ▼ -5.7 pp |
| 2011 | 69.4% | CN¥498.88 Million | CN¥718.56 Million | CN¥776.48 Million | CN¥277.60 Million | ▼ -5.8 pp |
| 2010 | 75.3% | CN¥538.88 Million | CN¥716.05 Million | CN¥627.03 Million | CN¥88.15 Million | ▼ -6.3 pp |
| 2009 | 81.5% | CN¥127.60 Million | CN¥156.49 Million | CN¥286.52 Million | CN¥158.92 Million | ▲ +22.5 pp |
| 2008 | 59.0% | CN¥74.67 Million | CN¥126.48 Million | CN¥210.17 Million | CN¥135.50 Million | ▼ -0.8 pp |
| 2007 | 59.8% | CN¥50.79 Million | CN¥84.90 Million | CN¥152.98 Million | CN¥102.19 Million | ▲ +40.7 pp |
| 2006 | 19.2% | CN¥5.35 Million | CN¥27.93 Million | CN¥87.15 Million | CN¥81.80 Million | — |