Southern Publishing&Media Co (601900) — Working Capital to Net Assets Ratio
Southern Publishing&Media Co (601900) has a Working Capital to Net Assets ratio of 20.8% as of March 2026. Working capital of CN¥2.07 Billion (current assets of CN¥9.26 Billion minus current liabilities of CN¥7.19 Billion) is measured against net assets of CN¥9.93 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 601900 financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Southern Publishing&Media Co Working Capital to Net Assets (2011–2025)
This chart shows how Southern Publishing&Media Co's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of March 2026, the ratio stands at 20.8%, reflecting working capital of CN¥2.07 Billion against net assets of CN¥9.93 Billion CNY. See 601900 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Southern Publishing&Media Co (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Southern Publishing&Media Co from 2011 to 2025, covering 15 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 how much is Southern Publishing&Media Co worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 18.2% | CN¥1.74 Billion | CN¥9.59 Billion | CN¥8.30 Billion | CN¥6.56 Billion | ▼ -1.0 pp |
| 2024 | 19.2% | CN¥1.73 Billion | CN¥9.04 Billion | CN¥8.09 Billion | CN¥6.35 Billion | ▲ +1.4 pp |
| 2023 | 17.7% | CN¥1.55 Billion | CN¥8.76 Billion | CN¥7.39 Billion | CN¥5.84 Billion | ▼ -6.5 pp |
| 2022 | 24.3% | CN¥1.95 Billion | CN¥8.05 Billion | CN¥7.40 Billion | CN¥5.45 Billion | ▲ +3.6 pp |
| 2021 | 20.6% | CN¥1.51 Billion | CN¥7.31 Billion | CN¥6.17 Billion | CN¥4.66 Billion | ▲ +3.7 pp |
| 2020 | 17.0% | CN¥1.15 Billion | CN¥6.77 Billion | CN¥5.21 Billion | CN¥4.06 Billion | ▲ +3.5 pp |
| 2019 | 13.5% | CN¥840.96 Million | CN¥6.24 Billion | CN¥4.62 Billion | CN¥3.77 Billion | ▲ +5.3 pp |
| 2018 | 8.1% | CN¥449.59 Million | CN¥5.53 Billion | CN¥3.70 Billion | CN¥3.25 Billion | ▼ -5.2 pp |
| 2017 | 13.3% | CN¥658.85 Million | CN¥4.94 Billion | CN¥4.27 Billion | CN¥3.61 Billion | ▼ -7.9 pp |
| 2016 | 21.3% | CN¥937.57 Million | CN¥4.41 Billion | CN¥4.54 Billion | CN¥3.60 Billion | ▼ -17.7 pp |
| 2015 | 39.0% | CN¥1.20 Billion | CN¥3.08 Billion | CN¥4.47 Billion | CN¥3.27 Billion | ▲ +13.1 pp |
| 2014 | 25.9% | CN¥675.35 Million | CN¥2.61 Billion | CN¥3.87 Billion | CN¥3.19 Billion | ▲ +11.4 pp |
| 2013 | 14.5% | CN¥322.79 Million | CN¥2.23 Billion | CN¥3.46 Billion | CN¥3.14 Billion | ▲ +1.3 pp |
| 2012 | 13.2% | CN¥235.28 Million | CN¥1.78 Billion | CN¥2.78 Billion | CN¥2.54 Billion | ▼ -28.3 pp |
| 2011 | 41.5% | CN¥572.08 Million | CN¥1.38 Billion | CN¥2.86 Billion | CN¥2.29 Billion | — |