Shandong Daye Co Ltd Class A (603278) — Working Capital to Net Assets Ratio
Shandong Daye Co Ltd Class A (603278) has a Working Capital to Net Assets ratio of -33.4% as of September 2025. Working capital of CN¥-670.22 Million (current assets of CN¥3.86 Billion minus current liabilities of CN¥4.53 Billion) is measured against net assets of CN¥2.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shandong Daye Co Ltd Class A leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shandong Daye Co Ltd Class A Working Capital to Net Assets (2013–2024)
This chart shows how Shandong Daye Co Ltd Class A's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2013 to 2024. As of September 2025, the ratio stands at -33.4%, reflecting working capital of CN¥-670.22 Million against net assets of CN¥2.01 Billion CNY. See 603278 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Shandong Daye Co Ltd Class A (2013–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shandong Daye Co Ltd Class A from 2013 to 2024, covering 12 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 603278 stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 1.3% | CN¥32.09 Million | CN¥2.43 Billion | CN¥4.01 Billion | CN¥3.97 Billion | ▲ +11.5 pp |
| 2023 | -10.1% | CN¥-264.77 Million | CN¥2.61 Billion | CN¥3.63 Billion | CN¥3.90 Billion | ▲ +3.7 pp |
| 2022 | -13.8% | CN¥-282.91 Million | CN¥2.05 Billion | CN¥3.60 Billion | CN¥3.88 Billion | ▲ +2.2 pp |
| 2021 | -16.0% | CN¥-295.47 Million | CN¥1.84 Billion | CN¥3.66 Billion | CN¥3.96 Billion | ▼ -52.9 pp |
| 2020 | 36.9% | CN¥648.97 Million | CN¥1.76 Billion | CN¥3.42 Billion | CN¥2.77 Billion | ▲ +12.1 pp |
| 2019 | 24.8% | CN¥422.52 Million | CN¥1.70 Billion | CN¥2.24 Billion | CN¥1.82 Billion | ▼ -4.8 pp |
| 2018 | 29.6% | CN¥452.48 Million | CN¥1.53 Billion | CN¥2.01 Billion | CN¥1.56 Billion | ▼ -28.3 pp |
| 2017 | 57.9% | CN¥789.79 Million | CN¥1.36 Billion | CN¥2.06 Billion | CN¥1.27 Billion | ▲ +28.8 pp |
| 2016 | 29.2% | CN¥170.72 Million | CN¥584.76 Million | CN¥999.52 Million | CN¥828.80 Million | ▲ +11.6 pp |
| 2015 | 17.6% | CN¥77.72 Million | CN¥441.76 Million | CN¥879.51 Million | CN¥801.79 Million | ▲ +30.8 pp |
| 2014 | -13.2% | CN¥-48.71 Million | CN¥369.21 Million | CN¥821.90 Million | CN¥870.61 Million | ▼ -4.7 pp |
| 2013 | -8.5% | CN¥-27.69 Million | CN¥324.43 Million | CN¥703.31 Million | CN¥731.00 Million | — |