Milkyway Chemical Supply Chain Service Co Ltd (603713) — Working Capital to Net Assets Ratio
Milkyway Chemical Supply Chain Service Co Ltd (603713) has a Working Capital to Net Assets ratio of 31.7% as of September 2025. Working capital of CN¥1.64 Billion (current assets of CN¥13.56 Billion minus current liabilities of CN¥11.92 Billion) is measured against net assets of CN¥5.16 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Milkyway Chemical Supply Chain Service C to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Milkyway Chemical Supply Chain Service Co Ltd Working Capital to Net Assets (2014–2024)
This chart shows how Milkyway Chemical Supply Chain Service Co Ltd's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 31.7%, reflecting working capital of CN¥1.64 Billion against net assets of CN¥5.16 Billion CNY. See how many days can Milkyway Chemical Supply Chain Service C fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Milkyway Chemical Supply Chain Service Co Ltd (2014–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Milkyway Chemical Supply Chain Service Co Ltd from 2014 to 2024, covering 11 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 603713 market cap overview.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 36.0% | CN¥1.72 Billion | CN¥4.77 Billion | CN¥8.05 Billion | CN¥6.33 Billion | ▲ +14.4 pp |
| 2023 | 21.7% | CN¥946.47 Million | CN¥4.37 Billion | CN¥5.76 Billion | CN¥4.81 Billion | ▼ -24.6 pp |
| 2022 | 46.2% | CN¥1.80 Billion | CN¥3.89 Billion | CN¥5.52 Billion | CN¥3.72 Billion | ▲ +9.8 pp |
| 2021 | 36.5% | CN¥1.17 Billion | CN¥3.22 Billion | CN¥4.45 Billion | CN¥3.28 Billion | ▲ +24.8 pp |
| 2020 | 11.7% | CN¥208.44 Million | CN¥1.78 Billion | CN¥1.80 Billion | CN¥1.59 Billion | ▼ -15.6 pp |
| 2019 | 27.3% | CN¥403.07 Million | CN¥1.48 Billion | CN¥1.13 Billion | CN¥726.29 Million | ▼ -25.8 pp |
| 2018 | 53.1% | CN¥672.45 Million | CN¥1.27 Billion | CN¥1.10 Billion | CN¥432.09 Million | ▲ +6.5 pp |
| 2017 | 46.6% | CN¥343.51 Million | CN¥736.51 Million | CN¥689.84 Million | CN¥346.32 Million | ▼ -7.1 pp |
| 2016 | 53.7% | CN¥340.80 Million | CN¥634.26 Million | CN¥527.39 Million | CN¥186.59 Million | ▼ -1.1 pp |
| 2015 | 54.8% | CN¥247.38 Million | CN¥451.08 Million | CN¥392.27 Million | CN¥144.88 Million | ▲ +24.3 pp |
| 2014 | 30.5% | CN¥69.87 Million | CN¥229.11 Million | CN¥221.29 Million | CN¥151.42 Million | — |