Shanghai Feilo Acoustics Co Ltd (600651) — Working Capital to Net Assets Ratio
Shanghai Feilo Acoustics Co Ltd (600651) has a Working Capital to Net Assets ratio of 37.7% as of September 2025. Working capital of CN¥968.00 Million (current assets of CN¥2.46 Billion minus current liabilities of CN¥1.49 Billion) is measured against net assets of CN¥2.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shanghai Feilo Acoustics Co Ltd balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shanghai Feilo Acoustics Co Ltd Working Capital to Net Assets (1990–2024)
This chart shows how Shanghai Feilo Acoustics Co Ltd's Working Capital to Net Assets ratio has evolved across 35 annual periods from 1990 to 2024. As of September 2025, the ratio stands at 37.7%, reflecting working capital of CN¥968.00 Million against net assets of CN¥2.57 Billion CNY. Check 600651 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Shanghai Feilo Acoustics Co Ltd (1990–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shanghai Feilo Acoustics Co Ltd from 1990 to 2024, covering 35 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 600651 market cap overview.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 57.9% | CN¥1.46 Billion | CN¥2.53 Billion | CN¥2.49 Billion | CN¥1.03 Billion | ▲ +0.9 pp |
| 2023 | 57.0% | CN¥1.42 Billion | CN¥2.50 Billion | CN¥2.49 Billion | CN¥1.07 Billion | ▼ -18.9 pp |
| 2022 | 75.9% | CN¥1.88 Billion | CN¥2.48 Billion | CN¥2.95 Billion | CN¥1.07 Billion | ▲ +61.4 pp |
| 2021 | 14.5% | CN¥333.74 Million | CN¥2.31 Billion | CN¥4.77 Billion | CN¥4.44 Billion | ▼ -50.2 pp |
| 2020 | 64.7% | CN¥1.84 Billion | CN¥2.84 Billion | CN¥4.51 Billion | CN¥2.67 Billion | ▼ -49.4 pp |
| 2019 | 114.1% | CN¥-1.69 Billion | CN¥-1.48 Billion | CN¥5.77 Billion | CN¥7.46 Billion | ▲ +957.0 pp |
| 2018 | -842.9% | CN¥-2.44 Billion | CN¥289.92 Million | CN¥7.44 Billion | CN¥9.88 Billion | ▼ -829.5 pp |
| 2017 | -13.4% | CN¥-480.36 Million | CN¥3.58 Billion | CN¥8.31 Billion | CN¥8.79 Billion | ▼ -13.3 pp |
| 2016 | -0.1% | CN¥-4.01 Million | CN¥3.82 Billion | CN¥5.79 Billion | CN¥5.80 Billion | ▲ +11.6 pp |
| 2015 | -11.7% | CN¥-394.73 Million | CN¥3.36 Billion | CN¥4.26 Billion | CN¥4.65 Billion | ▼ -32.9 pp |
| 2014 | 21.2% | CN¥637.04 Million | CN¥3.01 Billion | CN¥2.66 Billion | CN¥2.02 Billion | ▼ -9.6 pp |
| 2013 | 30.8% | CN¥390.74 Million | CN¥1.27 Billion | CN¥1.13 Billion | CN¥741.41 Million | ▲ +20.3 pp |
| 2012 | 10.4% | CN¥127.72 Million | CN¥1.23 Billion | CN¥1.03 Billion | CN¥907.24 Million | ▼ -10.7 pp |
| 2011 | 21.1% | CN¥269.61 Million | CN¥1.28 Billion | CN¥1.04 Billion | CN¥768.80 Million | ▲ +19.2 pp |
| 2010 | 1.9% | CN¥22.86 Million | CN¥1.18 Billion | CN¥956.15 Million | CN¥933.29 Million | ▲ +1.5 pp |
| 2009 | 0.5% | CN¥4.48 Million | CN¥971.49 Million | CN¥588.73 Million | CN¥584.25 Million | ▼ -1.8 pp |
| 2008 | 2.3% | CN¥21.33 Million | CN¥947.52 Million | CN¥740.24 Million | CN¥718.91 Million | ▼ -3.2 pp |
| 2007 | 5.5% | CN¥49.21 Million | CN¥899.53 Million | CN¥736.04 Million | CN¥686.84 Million | ▼ -4.4 pp |
| 2006 | 9.9% | CN¥88.74 Million | CN¥900.22 Million | CN¥1.07 Billion | CN¥977.54 Million | ▼ -19.7 pp |
| 2005 | 29.6% | CN¥254.93 Million | CN¥861.48 Million | CN¥1.34 Billion | CN¥1.09 Billion | ▼ -7.1 pp |
| 2004 | 36.7% | CN¥320.41 Million | CN¥872.24 Million | CN¥1.04 Billion | CN¥722.68 Million | ▲ +2.0 pp |
| 2003 | 34.7% | CN¥290.63 Million | CN¥837.11 Million | CN¥981.82 Million | CN¥691.19 Million | ▼ -5.5 pp |
| 2002 | 40.2% | CN¥321.89 Million | CN¥800.71 Million | CN¥970.24 Million | CN¥648.34 Million | ▼ -22.2 pp |
| 2001 | 62.4% | CN¥467.12 Million | CN¥748.57 Million | CN¥1.20 Billion | CN¥733.27 Million | ▲ +14.5 pp |
| 2000 | 47.9% | CN¥157.48 Million | CN¥328.68 Million | CN¥638.74 Million | CN¥481.27 Million | ▲ +3.5 pp |
| 1999 | 44.4% | CN¥78.34 Million | CN¥176.24 Million | CN¥191.34 Million | CN¥113.00 Million | ▼ -14.7 pp |
| 1998 | 59.2% | CN¥97.19 Million | CN¥164.20 Million | CN¥175.72 Million | CN¥78.53 Million | ▼ -6.8 pp |
| 1997 | 66.0% | CN¥96.67 Million | CN¥146.39 Million | CN¥141.52 Million | CN¥44.85 Million | ▲ +3.9 pp |
| 1996 | 62.1% | CN¥81.91 Million | CN¥131.85 Million | CN¥93.87 Million | CN¥11.96 Million | ▼ -1.5 pp |
| 1995 | 63.7% | CN¥78.04 Million | CN¥122.58 Million | CN¥85.36 Million | CN¥7.32 Million | ▼ -3.9 pp |
| 1994 | 67.5% | CN¥79.69 Million | CN¥118.02 Million | CN¥85.29 Million | CN¥5.60 Million | ▲ +11.6 pp |
| 1993 | 55.9% | CN¥23.71 Million | CN¥42.39 Million | CN¥34.76 Million | CN¥11.05 Million | ▼ -17.2 pp |
| 1992 | 73.1% | CN¥17.64 Million | CN¥24.13 Million | CN¥24.61 Million | CN¥6.97 Million | ▼ -25.9 pp |
| 1991 | 99.0% | CN¥22.03 Million | CN¥22.25 Million | CN¥25.04 Million | CN¥3.01 Million | ▲ +16.0 pp |
| 1990 | 83.0% | CN¥1.79 Million | CN¥2.15 Million | CN¥5.47 Million | CN¥3.69 Million | — |