Phenix Optical Co Ltd (600071) — Working Capital to Net Assets Ratio
Phenix Optical Co Ltd (600071) has a Working Capital to Net Assets ratio of -25.4% as of March 2026. Working capital of CN¥-143.03 Million (current assets of CN¥1.10 Billion minus current liabilities of CN¥1.24 Billion) is measured against net assets of CN¥562.41 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Phenix Optical Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Phenix Optical Co Ltd Working Capital to Net Assets (1994–2024)
This chart shows how Phenix Optical Co Ltd's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1994 to 2024. As of March 2026, the ratio stands at -25.4%, reflecting working capital of CN¥-143.03 Million against net assets of CN¥562.41 Million CNY. For the complete balance sheet picture, see balance sheet size of Phenix Optical Co Ltd.
Annual Working Capital to Net Assets for Phenix Optical Co Ltd (1994–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Phenix Optical Co Ltd from 1994 to 2024, covering 31 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 600071 asset liquidity 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) |
|---|---|---|---|---|---|---|
| 2024 | -19.9% | CN¥-110.30 Million | CN¥553.93 Million | CN¥1.16 Billion | CN¥1.27 Billion | ▼ -15.7 pp |
| 2023 | -4.2% | CN¥-21.81 Million | CN¥518.87 Million | CN¥1.13 Billion | CN¥1.15 Billion | ▼ -18.8 pp |
| 2022 | 14.6% | CN¥89.53 Million | CN¥614.21 Million | CN¥1.28 Billion | CN¥1.19 Billion | ▲ +21.2 pp |
| 2021 | -6.6% | CN¥-40.43 Million | CN¥608.17 Million | CN¥1.17 Billion | CN¥1.21 Billion | ▼ -3.2 pp |
| 2020 | -3.5% | CN¥-20.80 Million | CN¥595.03 Million | CN¥1.07 Billion | CN¥1.09 Billion | ▼ -56.3 pp |
| 2019 | 52.8% | CN¥302.90 Million | CN¥573.71 Million | CN¥990.64 Million | CN¥687.74 Million | ▼ -0.4 pp |
| 2018 | 53.2% | CN¥268.24 Million | CN¥504.47 Million | CN¥746.48 Million | CN¥478.24 Million | ▲ +27.3 pp |
| 2017 | 25.9% | CN¥125.37 Million | CN¥484.01 Million | CN¥565.35 Million | CN¥439.97 Million | ▲ +9.8 pp |
| 2016 | 16.1% | CN¥79.22 Million | CN¥491.75 Million | CN¥524.44 Million | CN¥445.22 Million | ▼ -14.7 pp |
| 2015 | 30.8% | CN¥192.72 Million | CN¥625.77 Million | CN¥646.85 Million | CN¥454.12 Million | ▲ +6.5 pp |
| 2014 | 24.3% | CN¥152.91 Million | CN¥629.91 Million | CN¥576.03 Million | CN¥423.12 Million | ▼ -9.9 pp |
| 2013 | 34.1% | CN¥255.00 Million | CN¥746.97 Million | CN¥419.37 Million | CN¥164.37 Million | ▼ -4.8 pp |
| 2012 | 38.9% | CN¥307.80 Million | CN¥791.05 Million | CN¥527.40 Million | CN¥219.60 Million | ▼ -5.8 pp |
| 2011 | 44.7% | CN¥362.12 Million | CN¥809.92 Million | CN¥663.36 Million | CN¥301.24 Million | ▲ +4.9 pp |
| 2010 | 39.8% | CN¥318.34 Million | CN¥798.94 Million | CN¥637.33 Million | CN¥318.99 Million | ▲ +5.9 pp |
| 2009 | 34.0% | CN¥259.81 Million | CN¥764.82 Million | CN¥639.39 Million | CN¥379.58 Million | ▲ +14.1 pp |
| 2008 | 19.8% | CN¥144.86 Million | CN¥730.31 Million | CN¥502.31 Million | CN¥357.45 Million | ▼ -1.2 pp |
| 2007 | 21.1% | CN¥148.89 Million | CN¥707.09 Million | CN¥561.36 Million | CN¥412.46 Million | ▼ -1.3 pp |
| 2006 | 22.4% | CN¥143.86 Million | CN¥643.58 Million | CN¥468.82 Million | CN¥324.96 Million | ▼ -7.3 pp |
| 2005 | 29.7% | CN¥181.48 Million | CN¥611.75 Million | CN¥458.87 Million | CN¥277.38 Million | ▲ +1.2 pp |
| 2004 | 28.4% | CN¥157.22 Million | CN¥552.73 Million | CN¥402.43 Million | CN¥245.21 Million | ▼ -5.5 pp |
| 2003 | 34.0% | CN¥172.16 Million | CN¥506.52 Million | CN¥443.24 Million | CN¥271.08 Million | ▼ -6.7 pp |
| 2002 | 40.7% | CN¥192.47 Million | CN¥472.79 Million | CN¥369.37 Million | CN¥176.90 Million | ▲ +0.4 pp |
| 2001 | 40.4% | CN¥173.56 Million | CN¥430.06 Million | CN¥404.50 Million | CN¥230.94 Million | ▼ -9.0 pp |
| 2000 | 49.3% | CN¥191.37 Million | CN¥388.11 Million | CN¥367.15 Million | CN¥175.78 Million | ▼ -7.2 pp |
| 1999 | 56.5% | CN¥196.00 Million | CN¥346.93 Million | CN¥314.54 Million | CN¥118.54 Million | ▼ -13.7 pp |
| 1998 | 70.2% | CN¥155.47 Million | CN¥221.34 Million | CN¥190.34 Million | CN¥34.87 Million | ▼ -13.7 pp |
| 1997 | 84.0% | CN¥164.84 Million | CN¥196.32 Million | CN¥231.49 Million | CN¥66.64 Million | ▲ +36.5 pp |
| 1996 | 47.4% | CN¥24.29 Million | CN¥51.21 Million | CN¥74.22 Million | CN¥49.93 Million | ▲ +40.5 pp |
| 1995 | 6.9% | CN¥2.16 Million | CN¥31.21 Million | CN¥67.50 Million | CN¥65.34 Million | ▼ -15.6 pp |
| 1994 | 22.6% | CN¥6.23 Million | CN¥27.64 Million | CN¥44.02 Million | CN¥37.79 Million | — |