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 600365 equity to assets ratio to measure how much of total assets are equity-financed.
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. Check Tonghua Grape Wine Co Ltd (600365) tangible equity ratio to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see Tonghua Grape Wine Co Ltd stock valuation.
| 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 | — |