Sanxiang Advanced Materials (603663) — Working Capital to Net Assets Ratio
Sanxiang Advanced Materials (603663) has a Working Capital to Net Assets ratio of 12.7% as of September 2025. Working capital of CN¥178.53 Million (current assets of CN¥897.05 Million minus current liabilities of CN¥718.53 Million) is measured against net assets of CN¥1.40 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Sanxiang Advanced Materials (603663) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Sanxiang Advanced Materials Working Capital to Net Assets (2011–2024)
This chart shows how Sanxiang Advanced Materials's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 12.7%, reflecting working capital of CN¥178.53 Million against net assets of CN¥1.40 Billion CNY. See Sanxiang Advanced Materials liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Sanxiang Advanced Materials (2011–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Sanxiang Advanced Materials from 2011 to 2024, covering 14 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 market cap of Sanxiang Advanced Materials.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 8.7% | CN¥118.73 Million | CN¥1.37 Billion | CN¥765.87 Million | CN¥647.14 Million | ▼ -4.9 pp |
| 2023 | 13.6% | CN¥182.39 Million | CN¥1.34 Billion | CN¥801.87 Million | CN¥619.48 Million | ▼ -7.9 pp |
| 2022 | 21.5% | CN¥279.24 Million | CN¥1.30 Billion | CN¥710.22 Million | CN¥430.98 Million | ▼ -7.9 pp |
| 2021 | 29.4% | CN¥349.36 Million | CN¥1.19 Billion | CN¥587.14 Million | CN¥237.78 Million | ▲ +5.0 pp |
| 2020 | 24.4% | CN¥183.04 Million | CN¥749.97 Million | CN¥485.83 Million | CN¥302.80 Million | ▲ +5.6 pp |
| 2019 | 18.8% | CN¥107.30 Million | CN¥569.64 Million | CN¥453.12 Million | CN¥345.81 Million | ▼ -6.1 pp |
| 2018 | 24.9% | CN¥144.74 Million | CN¥580.88 Million | CN¥385.87 Million | CN¥241.12 Million | ▼ -28.3 pp |
| 2017 | 53.3% | CN¥249.01 Million | CN¥467.58 Million | CN¥348.75 Million | CN¥99.74 Million | ▼ -21.7 pp |
| 2016 | 75.0% | CN¥319.34 Million | CN¥425.93 Million | CN¥373.40 Million | CN¥54.05 Million | ▲ +20.0 pp |
| 2015 | 55.0% | CN¥131.32 Million | CN¥238.89 Million | CN¥184.98 Million | CN¥53.66 Million | ▲ +2.0 pp |
| 2014 | 53.0% | CN¥116.61 Million | CN¥220.21 Million | CN¥169.88 Million | CN¥53.27 Million | ▲ +4.1 pp |
| 2013 | 48.9% | CN¥99.56 Million | CN¥203.79 Million | CN¥170.83 Million | CN¥71.28 Million | ▲ +1.7 pp |
| 2012 | 47.1% | CN¥82.48 Million | CN¥175.03 Million | CN¥168.43 Million | CN¥85.95 Million | ▲ +4.9 pp |
| 2011 | 42.2% | CN¥61.65 Million | CN¥146.14 Million | CN¥194.91 Million | CN¥133.27 Million | — |