Ming Yang Smart Energy Group Ltd (601615) — Working Capital to Net Assets Ratio
Ming Yang Smart Energy Group Ltd (601615) has a Working Capital to Net Assets ratio of 31.2% as of March 2026. Working capital of CN¥8.57 Billion (current assets of CN¥60.22 Billion minus current liabilities of CN¥51.66 Billion) is measured against net assets of CN¥27.48 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Ming Yang Smart Energy Group Ltd (601615) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Ming Yang Smart Energy Group Ltd Working Capital to Net Assets (2007–2025)
This chart shows how Ming Yang Smart Energy Group Ltd's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of March 2026, the ratio stands at 31.2%, reflecting working capital of CN¥8.57 Billion against net assets of CN¥27.48 Billion CNY. Check 601615 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Ming Yang Smart Energy Group Ltd (2007–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ming Yang Smart Energy Group Ltd from 2007 to 2025, covering 19 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 601615 market cap overview.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 28.3% | CN¥7.76 Billion | CN¥27.40 Billion | CN¥58.34 Billion | CN¥50.58 Billion | ▼ -12.0 pp |
| 2024 | 40.3% | CN¥10.99 Billion | CN¥27.26 Billion | CN¥50.13 Billion | CN¥39.14 Billion | ▲ +20.8 pp |
| 2023 | 19.5% | CN¥5.55 Billion | CN¥28.45 Billion | CN¥43.36 Billion | CN¥37.82 Billion | ▼ -5.6 pp |
| 2022 | 25.1% | CN¥7.11 Billion | CN¥28.37 Billion | CN¥35.46 Billion | CN¥28.36 Billion | ▲ +1.4 pp |
| 2021 | 23.7% | CN¥4.38 Billion | CN¥18.49 Billion | CN¥37.63 Billion | CN¥33.25 Billion | ▼ -16.6 pp |
| 2020 | 40.3% | CN¥6.08 Billion | CN¥15.08 Billion | CN¥33.13 Billion | CN¥27.04 Billion | ▼ -22.0 pp |
| 2019 | 62.3% | CN¥4.42 Billion | CN¥7.09 Billion | CN¥22.58 Billion | CN¥18.16 Billion | ▲ +30.3 pp |
| 2018 | 32.0% | CN¥1.56 Billion | CN¥4.89 Billion | CN¥11.66 Billion | CN¥10.10 Billion | ▲ +21.8 pp |
| 2017 | 10.2% | CN¥433.30 Million | CN¥4.26 Billion | CN¥9.79 Billion | CN¥9.36 Billion | ▲ +4.2 pp |
| 2016 | 6.0% | CN¥222.33 Million | CN¥3.70 Billion | CN¥11.87 Billion | CN¥11.64 Billion | ▼ -2.5 pp |
| 2015 | 8.5% | CN¥276.22 Million | CN¥3.26 Billion | CN¥10.65 Billion | CN¥10.37 Billion | ▲ +8.2 pp |
| 2014 | 0.2% | CN¥7.10 Million | CN¥2.88 Billion | CN¥8.89 Billion | CN¥8.88 Billion | ▼ -68.5 pp |
| 2013 | 68.7% | CN¥2.07 Billion | CN¥3.02 Billion | CN¥7.83 Billion | CN¥5.76 Billion | ▼ -15.4 pp |
| 2012 | 84.1% | CN¥2.51 Billion | CN¥2.98 Billion | CN¥8.50 Billion | CN¥6.00 Billion | ▲ +4.5 pp |
| 2011 | 79.5% | CN¥2.49 Billion | CN¥3.13 Billion | CN¥8.55 Billion | CN¥6.06 Billion | ▼ -18.5 pp |
| 2010 | 98.0% | CN¥2.81 Billion | CN¥2.86 Billion | CN¥6.95 Billion | CN¥4.14 Billion | ▲ +6.1 pp |
| 2009 | 91.9% | CN¥1.06 Billion | CN¥1.16 Billion | CN¥3.45 Billion | CN¥2.39 Billion | ▲ +23.8 pp |
| 2008 | 68.1% | CN¥231.75 Million | CN¥340.51 Million | CN¥950.57 Million | CN¥718.82 Million | ▼ -30.4 pp |
| 2007 | 98.4% | CN¥225.28 Million | CN¥228.88 Million | CN¥248.16 Million | CN¥22.88 Million | — |