Polaris Bay Group Co Ltd (600155) — Working Capital to Net Assets Ratio
Polaris Bay Group Co Ltd (600155) has a Working Capital to Net Assets ratio of -18.9% as of September 2025. Working capital of CN¥-4.01 Billion (current assets of CN¥8.83 Billion minus current liabilities of CN¥12.84 Billion) is measured against net assets of CN¥21.17 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Polaris Bay Group Co Ltd leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Polaris Bay Group Co Ltd Working Capital to Net Assets (1995–2023)
This chart shows how Polaris Bay Group Co Ltd's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1995 to 2023. As of September 2025, the ratio stands at -18.9%, reflecting working capital of CN¥-4.01 Billion against net assets of CN¥21.17 Billion CNY. See Polaris Bay Group Co Ltd (600155) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Polaris Bay Group Co Ltd (1995–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Polaris Bay Group Co Ltd from 1995 to 2023, covering 29 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 Polaris Bay Group Co Ltd stock valuation.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 44.1% | CN¥8.74 Billion | CN¥19.84 Billion | CN¥16.27 Billion | CN¥7.53 Billion | ▲ +20.5 pp |
| 2022 | 23.6% | CN¥4.62 Billion | CN¥19.60 Billion | CN¥11.98 Billion | CN¥7.36 Billion | ▼ -6.2 pp |
| 2021 | 29.8% | CN¥4.85 Billion | CN¥16.28 Billion | CN¥12.19 Billion | CN¥7.34 Billion | ▼ -77.9 pp |
| 2020 | 107.6% | CN¥16.41 Billion | CN¥15.24 Billion | CN¥39.33 Billion | CN¥22.92 Billion | ▲ +52.2 pp |
| 2019 | 55.5% | CN¥8.33 Billion | CN¥15.02 Billion | CN¥25.45 Billion | CN¥17.12 Billion | ▲ +47.2 pp |
| 2018 | 8.2% | CN¥1.25 Billion | CN¥15.22 Billion | CN¥19.78 Billion | CN¥18.53 Billion | ▲ +7.2 pp |
| 2017 | 1.0% | CN¥159.16 Million | CN¥15.23 Billion | CN¥17.56 Billion | CN¥17.40 Billion | ▼ -49.7 pp |
| 2016 | 50.7% | CN¥7.70 Billion | CN¥15.17 Billion | CN¥19.47 Billion | CN¥11.77 Billion | ▲ +1.0 pp |
| 2015 | 49.7% | CN¥181.70 Million | CN¥365.61 Million | CN¥475.10 Million | CN¥293.41 Million | ▲ +23.2 pp |
| 2014 | 26.5% | CN¥39.37 Million | CN¥148.53 Million | CN¥1.79 Billion | CN¥1.75 Billion | ▲ +90.8 pp |
| 2013 | -64.3% | CN¥-67.64 Million | CN¥105.15 Million | CN¥1.62 Billion | CN¥1.69 Billion | ▼ -256.9 pp |
| 2012 | 192.6% | CN¥-1.18 Billion | CN¥-613.24 Million | CN¥113.39 Million | CN¥1.29 Billion | ▲ +20.6 pp |
| 2011 | 172.0% | CN¥-816.45 Million | CN¥-474.67 Million | CN¥261.96 Million | CN¥1.08 Billion | ▲ +59.1 pp |
| 2010 | 112.9% | CN¥-2.98 Billion | CN¥-2.64 Billion | CN¥227.41 Million | CN¥3.20 Billion | ▲ +33.1 pp |
| 2009 | 79.8% | CN¥-2.11 Billion | CN¥-2.64 Billion | CN¥138.28 Million | CN¥2.25 Billion | ▲ +28.7 pp |
| 2008 | 51.0% | CN¥-1.20 Billion | CN¥-2.34 Billion | CN¥119.00 Million | CN¥1.31 Billion | ▼ -131.8 pp |
| 2007 | 182.8% | CN¥-2.83 Billion | CN¥-1.55 Billion | CN¥631.98 Million | CN¥3.46 Billion | ▲ +5.1 pp |
| 2006 | 177.7% | CN¥-2.77 Billion | CN¥-1.56 Billion | CN¥670.77 Million | CN¥3.44 Billion | ▲ +1180.9 pp |
| 2005 | -1003.2% | CN¥-1.22 Billion | CN¥121.39 Million | CN¥2.22 Billion | CN¥3.43 Billion | ▼ -993.2 pp |
| 2004 | -9.9% | CN¥-100.68 Million | CN¥1.02 Billion | CN¥937.20 Million | CN¥1.04 Billion | ▼ -0.5 pp |
| 2003 | -9.4% | CN¥-91.96 Million | CN¥977.11 Million | CN¥829.11 Million | CN¥921.07 Million | ▼ -12.7 pp |
| 2002 | 3.3% | CN¥35.64 Million | CN¥1.07 Billion | CN¥906.22 Million | CN¥870.58 Million | ▲ +0.2 pp |
| 2001 | 3.1% | CN¥32.17 Million | CN¥1.03 Billion | CN¥784.84 Million | CN¥752.67 Million | ▼ -8.9 pp |
| 2000 | 12.1% | CN¥113.96 Million | CN¥943.36 Million | CN¥742.90 Million | CN¥628.95 Million | ▼ -4.2 pp |
| 1999 | 16.3% | CN¥122.11 Million | CN¥748.66 Million | CN¥573.99 Million | CN¥451.88 Million | ▼ -2.4 pp |
| 1998 | 18.7% | CN¥115.76 Million | CN¥619.42 Million | CN¥423.50 Million | CN¥307.74 Million | ▲ +17.2 pp |
| 1997 | 1.5% | CN¥3.23 Million | CN¥220.70 Million | CN¥252.68 Million | CN¥249.44 Million | ▲ +0.2 pp |
| 1996 | 1.2% | CN¥1.95 Million | CN¥156.19 Million | CN¥221.57 Million | CN¥219.62 Million | ▼ -1.8 pp |
| 1995 | 3.0% | CN¥3.79 Million | CN¥125.61 Million | CN¥141.97 Million | CN¥138.18 Million | — |