Sanxiang Advanced Materials Working Capital to Net Assets Ratio
Sanxiang Advanced Materials 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. Check how tangible is Sanxiang Advanced Materials's equity to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Sanxiang Advanced Materials (2011–2024)
Working capital to net assets ratio of Sanxiang Advanced Materials from 2011 to 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 603663 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Sanxiang Advanced Materials Working Capital to Net Assets Ratio by Year (2011–2024)
Sanxiang Advanced Materials working capital to net assets ratio by year from 2011 to 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 the complete balance sheet picture, see how large is Sanxiang Advanced Materials's balance sheet.
| 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 | — |