Tonghua Grape Wine Co Ltd (600365) — Working Capital to Net Assets Ratio
Tonghua Grape Wine Co Ltd (600365) has a Working Capital to Net Assets ratio of 49.8% as of September 2025. Working capital of CN¥130.32 Million (current assets of CN¥471.80 Million minus current liabilities of CN¥341.47 Million) is measured against net assets of CN¥261.59 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Tonghua Grape Wine 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
Tonghua Grape Wine Co Ltd Working Capital to Net Assets (1997–2024)
This chart shows how Tonghua Grape Wine Co Ltd's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1997 to 2024. As of September 2025, the ratio stands at 49.8%, reflecting working capital of CN¥130.32 Million against net assets of CN¥261.59 Million CNY. For the complete balance sheet picture, see 600365 current and non-current assets.
Annual Working Capital to Net Assets for Tonghua Grape Wine Co Ltd (1997–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tonghua Grape Wine Co Ltd from 1997 to 2024, covering 28 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 Tonghua Grape Wine Co Ltd asset resilience 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 | 47.8% | CN¥137.53 Million | CN¥287.63 Million | CN¥662.72 Million | CN¥525.20 Million | ▲ +6.2 pp |
| 2023 | 41.6% | CN¥128.30 Million | CN¥308.10 Million | CN¥565.82 Million | CN¥437.52 Million | ▲ +10.3 pp |
| 2022 | 31.4% | CN¥104.08 Million | CN¥331.91 Million | CN¥602.72 Million | CN¥498.64 Million | ▲ +3.7 pp |
| 2021 | 27.6% | CN¥100.85 Million | CN¥364.91 Million | CN¥506.37 Million | CN¥405.52 Million | ▼ -32.9 pp |
| 2020 | 60.5% | CN¥407.56 Million | CN¥673.67 Million | CN¥742.16 Million | CN¥334.60 Million | ▼ -1.9 pp |
| 2019 | 62.4% | CN¥458.29 Million | CN¥734.28 Million | CN¥794.34 Million | CN¥336.05 Million | ▼ -1.8 pp |
| 2018 | 64.2% | CN¥500.93 Million | CN¥779.98 Million | CN¥917.16 Million | CN¥416.23 Million | ▲ +5.0 pp |
| 2017 | 59.2% | CN¥450.99 Million | CN¥761.52 Million | CN¥800.90 Million | CN¥349.91 Million | ▼ -1.2 pp |
| 2016 | 60.4% | CN¥448.52 Million | CN¥742.71 Million | CN¥778.40 Million | CN¥329.89 Million | ▼ -1.8 pp |
| 2015 | 62.2% | CN¥452.03 Million | CN¥726.65 Million | CN¥708.96 Million | CN¥256.93 Million | ▼ -5.6 pp |
| 2014 | 67.8% | CN¥465.37 Million | CN¥686.52 Million | CN¥542.38 Million | CN¥77.01 Million | ▼ -14.0 pp |
| 2013 | 81.8% | CN¥557.90 Million | CN¥682.23 Million | CN¥626.94 Million | CN¥69.04 Million | ▲ +61.5 pp |
| 2012 | 20.2% | CN¥30.36 Million | CN¥150.01 Million | CN¥229.39 Million | CN¥199.03 Million | ▲ +15.4 pp |
| 2011 | 4.9% | CN¥6.68 Million | CN¥136.89 Million | CN¥139.09 Million | CN¥132.42 Million | ▲ +7.4 pp |
| 2010 | -2.5% | CN¥-3.36 Million | CN¥132.99 Million | CN¥123.49 Million | CN¥126.86 Million | ▼ -10.0 pp |
| 2009 | 7.5% | CN¥11.69 Million | CN¥155.85 Million | CN¥126.10 Million | CN¥114.41 Million | ▼ -14.3 pp |
| 2008 | 21.8% | CN¥42.22 Million | CN¥193.74 Million | CN¥146.01 Million | CN¥103.79 Million | ▲ +3.0 pp |
| 2007 | 18.8% | CN¥36.09 Million | CN¥191.60 Million | CN¥167.75 Million | CN¥131.67 Million | ▼ -39.4 pp |
| 2006 | 58.3% | CN¥250.84 Million | CN¥430.53 Million | CN¥323.39 Million | CN¥72.55 Million | ▲ +1.7 pp |
| 2005 | 56.6% | CN¥245.17 Million | CN¥433.19 Million | CN¥330.32 Million | CN¥85.15 Million | ▲ +1.2 pp |
| 2004 | 55.4% | CN¥239.10 Million | CN¥431.92 Million | CN¥339.19 Million | CN¥100.09 Million | ▼ -6.3 pp |
| 2003 | 61.7% | CN¥327.40 Million | CN¥530.66 Million | CN¥409.15 Million | CN¥81.75 Million | ▼ -4.7 pp |
| 2002 | 66.4% | CN¥349.15 Million | CN¥525.68 Million | CN¥474.12 Million | CN¥124.98 Million | ▼ -6.7 pp |
| 2001 | 73.1% | CN¥394.87 Million | CN¥540.12 Million | CN¥486.80 Million | CN¥91.93 Million | ▼ -8.5 pp |
| 2000 | 81.6% | CN¥434.13 Million | CN¥532.15 Million | CN¥581.28 Million | CN¥147.15 Million | ▲ +69.0 pp |
| 1999 | 12.6% | CN¥12.81 Million | CN¥101.60 Million | CN¥203.77 Million | CN¥190.96 Million | ▲ +10.0 pp |
| 1998 | 2.6% | CN¥2.17 Million | CN¥83.37 Million | CN¥147.08 Million | CN¥144.92 Million | ▲ +26.6 pp |
| 1997 | -24.0% | CN¥-16.04 Million | CN¥66.75 Million | CN¥115.87 Million | CN¥131.91 Million | — |