Focused Photonics Hangzhou Inc (300203) — Working Capital to Net Assets Ratio
Focused Photonics Hangzhou Inc (300203) has a Working Capital to Net Assets ratio of 27.3% as of March 2026. Working capital of CN¥765.16 Million (current assets of CN¥3.73 Billion minus current liabilities of CN¥2.96 Billion) is measured against net assets of CN¥2.80 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Focused Photonics Hangzhou Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Focused Photonics Hangzhou Inc Working Capital to Net Assets (2007–2025)
This chart shows how Focused Photonics Hangzhou Inc's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of March 2026, the ratio stands at 27.3%, reflecting working capital of CN¥765.16 Million against net assets of CN¥2.80 Billion CNY. For the complete balance sheet picture, see Focused Photonics Hangzhou Inc (300203) total assets.
Annual Working Capital to Net Assets for Focused Photonics Hangzhou Inc (2007–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Focused Photonics Hangzhou Inc from 2007 to 2025, 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. Check 300203 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 24.3% | CN¥701.41 Million | CN¥2.89 Billion | CN¥3.49 Billion | CN¥2.79 Billion | ▲ +7.2 pp |
| 2024 | 17.1% | CN¥580.62 Million | CN¥3.40 Billion | CN¥4.10 Billion | CN¥3.51 Billion | ▲ +2.9 pp |
| 2023 | 14.2% | CN¥449.12 Million | CN¥3.16 Billion | CN¥4.19 Billion | CN¥3.74 Billion | ▼ -0.3 pp |
| 2022 | 14.6% | CN¥516.38 Million | CN¥3.55 Billion | CN¥4.58 Billion | CN¥4.06 Billion | ▼ -6.5 pp |
| 2021 | 21.0% | CN¥822.34 Million | CN¥3.91 Billion | CN¥4.72 Billion | CN¥3.89 Billion | ▼ -18.0 pp |
| 2020 | 39.1% | CN¥1.64 Billion | CN¥4.19 Billion | CN¥4.83 Billion | CN¥3.19 Billion | ▼ -5.5 pp |
| 2019 | 44.5% | CN¥1.75 Billion | CN¥3.93 Billion | CN¥4.82 Billion | CN¥3.06 Billion | ▲ +17.7 pp |
| 2018 | 26.8% | CN¥1.05 Billion | CN¥3.91 Billion | CN¥4.74 Billion | CN¥3.69 Billion | ▼ -23.2 pp |
| 2017 | 50.1% | CN¥1.74 Billion | CN¥3.47 Billion | CN¥4.12 Billion | CN¥2.38 Billion | ▼ -4.3 pp |
| 2016 | 54.3% | CN¥1.65 Billion | CN¥3.04 Billion | CN¥3.44 Billion | CN¥1.79 Billion | ▲ +13.0 pp |
| 2015 | 41.3% | CN¥1.01 Billion | CN¥2.45 Billion | CN¥2.55 Billion | CN¥1.54 Billion | ▼ -22.1 pp |
| 2014 | 63.4% | CN¥1.34 Billion | CN¥2.11 Billion | CN¥1.93 Billion | CN¥595.52 Million | ▼ -5.5 pp |
| 2013 | 68.9% | CN¥1.32 Billion | CN¥1.92 Billion | CN¥1.69 Billion | CN¥373.75 Million | ▼ -0.7 pp |
| 2012 | 69.6% | CN¥1.25 Billion | CN¥1.79 Billion | CN¥1.66 Billion | CN¥415.92 Million | ▼ -7.6 pp |
| 2011 | 77.2% | CN¥1.25 Billion | CN¥1.62 Billion | CN¥1.74 Billion | CN¥491.47 Million | ▲ +5.1 pp |
| 2010 | 72.1% | CN¥438.41 Million | CN¥607.89 Million | CN¥835.55 Million | CN¥397.13 Million | ▲ +5.7 pp |
| 2009 | 66.4% | CN¥297.03 Million | CN¥447.26 Million | CN¥688.08 Million | CN¥391.05 Million | ▲ +11.5 pp |
| 2008 | 54.9% | CN¥92.35 Million | CN¥168.21 Million | CN¥357.41 Million | CN¥265.06 Million | ▼ -23.8 pp |
| 2007 | 78.7% | CN¥70.79 Million | CN¥89.90 Million | CN¥210.45 Million | CN¥139.67 Million | — |