Songz Automobile Air Conditioning Co Ltd (002454) — Working Capital to Net Assets Ratio
Songz Automobile Air Conditioning Co Ltd (002454) has a Working Capital to Net Assets ratio of 55.9% as of September 2025. Working capital of CN¥2.57 Billion (current assets of CN¥6.10 Billion minus current liabilities of CN¥3.53 Billion) is measured against net assets of CN¥4.60 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 002454 equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Songz Automobile Air Conditioning Co Ltd Working Capital to Net Assets (2007–2024)
This chart shows how Songz Automobile Air Conditioning Co Ltd's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2007 to 2024. As of September 2025, the ratio stands at 55.9%, reflecting working capital of CN¥2.57 Billion against net assets of CN¥4.60 Billion CNY. Check 002454 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Songz Automobile Air Conditioning Co Ltd (2007–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Songz Automobile Air Conditioning Co Ltd from 2007 to 2024, covering 18 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 Songz Automobile Air Conditioning Co Ltd (002454) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 54.6% | CN¥2.42 Billion | CN¥4.43 Billion | CN¥6.00 Billion | CN¥3.58 Billion | ▲ +1.7 pp |
| 2023 | 53.0% | CN¥2.30 Billion | CN¥4.35 Billion | CN¥5.21 Billion | CN¥2.91 Billion | ▲ +1.5 pp |
| 2022 | 51.4% | CN¥2.15 Billion | CN¥4.19 Billion | CN¥4.90 Billion | CN¥2.75 Billion | ▼ -0.3 pp |
| 2021 | 51.7% | CN¥2.12 Billion | CN¥4.10 Billion | CN¥4.84 Billion | CN¥2.72 Billion | ▼ -1.8 pp |
| 2020 | 53.6% | CN¥2.18 Billion | CN¥4.08 Billion | CN¥4.56 Billion | CN¥2.38 Billion | ▲ +0.5 pp |
| 2019 | 53.1% | CN¥1.98 Billion | CN¥3.73 Billion | CN¥3.86 Billion | CN¥1.88 Billion | ▲ +0.3 pp |
| 2018 | 52.8% | CN¥1.89 Billion | CN¥3.58 Billion | CN¥3.99 Billion | CN¥2.10 Billion | ▲ +1.2 pp |
| 2017 | 51.5% | CN¥1.74 Billion | CN¥3.37 Billion | CN¥4.30 Billion | CN¥2.56 Billion | ▼ -4.6 pp |
| 2016 | 56.2% | CN¥1.64 Billion | CN¥2.92 Billion | CN¥3.39 Billion | CN¥1.75 Billion | ▼ -4.0 pp |
| 2015 | 60.2% | CN¥1.61 Billion | CN¥2.68 Billion | CN¥3.18 Billion | CN¥1.57 Billion | ▼ -6.4 pp |
| 2014 | 66.5% | CN¥1.63 Billion | CN¥2.45 Billion | CN¥2.82 Billion | CN¥1.19 Billion | ▼ -7.2 pp |
| 2013 | 73.7% | CN¥1.68 Billion | CN¥2.28 Billion | CN¥2.65 Billion | CN¥967.50 Million | ▼ -11.6 pp |
| 2012 | 85.3% | CN¥1.70 Billion | CN¥1.99 Billion | CN¥2.36 Billion | CN¥660.84 Million | ▲ +1.8 pp |
| 2011 | 83.4% | CN¥1.61 Billion | CN¥1.93 Billion | CN¥2.24 Billion | CN¥636.85 Million | ▼ -2.2 pp |
| 2010 | 85.6% | CN¥1.53 Billion | CN¥1.78 Billion | CN¥1.99 Billion | CN¥464.68 Million | ▲ +21.4 pp |
| 2009 | 64.2% | CN¥324.57 Million | CN¥505.48 Million | CN¥894.44 Million | CN¥569.87 Million | ▼ -5.9 pp |
| 2008 | 70.1% | CN¥284.61 Million | CN¥406.01 Million | CN¥665.14 Million | CN¥380.53 Million | ▲ +10.1 pp |
| 2007 | 60.0% | CN¥174.59 Million | CN¥290.88 Million | CN¥563.74 Million | CN¥389.15 Million | — |