Apple Flavor&Fragrance Grp (603020) — Working Capital to Net Assets Ratio
Apple Flavor&Fragrance Grp (603020) has a Working Capital to Net Assets ratio of 71.8% as of March 2026. Working capital of CN¥2.49 Billion (current assets of CN¥2.66 Billion minus current liabilities of CN¥169.17 Million) is measured against net assets of CN¥3.47 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Apple Flavor&Fragrance Grp to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Apple Flavor&Fragrance Grp Working Capital to Net Assets (2011–2025)
This chart shows how Apple Flavor&Fragrance Grp'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 71.8%, reflecting working capital of CN¥2.49 Billion against net assets of CN¥3.47 Billion CNY. For the complete balance sheet picture, see 603020 total assets.
Annual Working Capital to Net Assets for Apple Flavor&Fragrance Grp (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Apple Flavor&Fragrance Grp 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. Check 603020 financial resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 71.1% | CN¥2.44 Billion | CN¥3.43 Billion | CN¥2.59 Billion | CN¥154.01 Million | ▲ +0.7 pp |
| 2024 | 70.4% | CN¥2.39 Billion | CN¥3.40 Billion | CN¥2.59 Billion | CN¥192.44 Million | ▲ +14.2 pp |
| 2023 | 56.3% | CN¥1.91 Billion | CN¥3.39 Billion | CN¥2.27 Billion | CN¥363.54 Million | ▲ +0.7 pp |
| 2022 | 55.5% | CN¥1.84 Billion | CN¥3.32 Billion | CN¥2.32 Billion | CN¥473.84 Million | ▼ -5.1 pp |
| 2021 | 60.7% | CN¥2.03 Billion | CN¥3.35 Billion | CN¥2.46 Billion | CN¥426.92 Million | ▼ -8.9 pp |
| 2020 | 69.6% | CN¥1.69 Billion | CN¥2.43 Billion | CN¥2.02 Billion | CN¥330.90 Million | ▼ -2.5 pp |
| 2019 | 72.0% | CN¥1.65 Billion | CN¥2.29 Billion | CN¥1.96 Billion | CN¥310.75 Million | ▼ -0.7 pp |
| 2018 | 72.7% | CN¥1.57 Billion | CN¥2.16 Billion | CN¥1.80 Billion | CN¥226.03 Million | ▼ -5.6 pp |
| 2017 | 78.3% | CN¥1.55 Billion | CN¥1.98 Billion | CN¥1.77 Billion | CN¥224.85 Million | ▼ -5.4 pp |
| 2016 | 83.6% | CN¥1.60 Billion | CN¥1.91 Billion | CN¥1.83 Billion | CN¥230.58 Million | ▼ -2.8 pp |
| 2015 | 86.5% | CN¥1.54 Billion | CN¥1.78 Billion | CN¥1.81 Billion | CN¥270.18 Million | ▲ +11.5 pp |
| 2014 | 74.9% | CN¥665.90 Million | CN¥888.74 Million | CN¥887.56 Million | CN¥221.67 Million | ▲ +4.8 pp |
| 2013 | 70.1% | CN¥544.20 Million | CN¥776.28 Million | CN¥782.78 Million | CN¥238.58 Million | ▲ +6.0 pp |
| 2012 | 64.1% | CN¥416.00 Million | CN¥649.01 Million | CN¥621.27 Million | CN¥205.27 Million | ▲ +7.5 pp |
| 2011 | 56.6% | CN¥300.99 Million | CN¥531.86 Million | CN¥591.72 Million | CN¥290.72 Million | — |