Guangdong Tianan New Material (603725) — Working Capital to Net Assets Ratio
Guangdong Tianan New Material (603725) has a Working Capital to Net Assets ratio of 15.2% as of March 2026. Working capital of CN¥155.96 Million (current assets of CN¥1.57 Billion minus current liabilities of CN¥1.41 Billion) is measured against net assets of CN¥1.03 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Guangdong Tianan New Material (603725) 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
Guangdong Tianan New Material Working Capital to Net Assets (2007–2025)
This chart shows how Guangdong Tianan New Material's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of March 2026, the ratio stands at 15.2%, reflecting working capital of CN¥155.96 Million against net assets of CN¥1.03 Billion CNY. See Guangdong Tianan New Material defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Guangdong Tianan New Material (2007–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Guangdong Tianan New Material from 2007 to 2025, covering 19 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 value of Guangdong Tianan New Material.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 9.0% | CN¥90.28 Million | CN¥1.01 Billion | CN¥1.67 Billion | CN¥1.58 Billion | ▲ +13.9 pp |
| 2024 | -5.0% | CN¥-45.13 Million | CN¥905.44 Million | CN¥1.58 Billion | CN¥1.63 Billion | ▲ +3.2 pp |
| 2023 | -8.2% | CN¥-69.13 Million | CN¥846.68 Million | CN¥1.57 Billion | CN¥1.63 Billion | ▲ +25.5 pp |
| 2022 | -33.7% | CN¥-208.17 Million | CN¥618.58 Million | CN¥1.61 Billion | CN¥1.82 Billion | ▼ -22.1 pp |
| 2021 | -11.6% | CN¥-95.86 Million | CN¥829.55 Million | CN¥1.69 Billion | CN¥1.78 Billion | ▼ -40.9 pp |
| 2020 | 29.3% | CN¥241.33 Million | CN¥823.34 Million | CN¥843.75 Million | CN¥602.41 Million | ▲ +3.0 pp |
| 2019 | 26.3% | CN¥212.25 Million | CN¥806.90 Million | CN¥630.25 Million | CN¥418.00 Million | ▼ -6.2 pp |
| 2018 | 32.5% | CN¥264.98 Million | CN¥816.22 Million | CN¥695.49 Million | CN¥430.51 Million | ▼ -8.8 pp |
| 2017 | 41.2% | CN¥323.30 Million | CN¥784.18 Million | CN¥795.06 Million | CN¥471.76 Million | ▲ +35.1 pp |
| 2016 | 6.1% | CN¥25.33 Million | CN¥412.53 Million | CN¥484.00 Million | CN¥458.67 Million | ▲ +14.7 pp |
| 2015 | -8.6% | CN¥-30.24 Million | CN¥351.64 Million | CN¥327.70 Million | CN¥357.94 Million | ▼ -26.9 pp |
| 2014 | 18.3% | CN¥51.02 Million | CN¥278.61 Million | CN¥271.30 Million | CN¥220.28 Million | ▲ +5.5 pp |
| 2013 | 12.8% | CN¥26.75 Million | CN¥208.50 Million | CN¥217.31 Million | CN¥190.56 Million | ▼ -22.6 pp |
| 2012 | 35.5% | CN¥63.84 Million | CN¥179.93 Million | CN¥169.36 Million | CN¥105.52 Million | ▲ +53.1 pp |
| 2011 | -17.6% | CN¥-15.13 Million | CN¥85.83 Million | CN¥174.58 Million | CN¥189.71 Million | ▼ -7.2 pp |
| 2010 | -10.4% | CN¥-11.31 Million | CN¥108.30 Million | CN¥138.68 Million | CN¥149.98 Million | ▲ +10.9 pp |
| 2009 | -21.3% | CN¥-22.13 Million | CN¥103.86 Million | CN¥109.50 Million | CN¥131.63 Million | ▼ -12.8 pp |
| 2008 | -8.5% | CN¥-7.68 Million | CN¥90.07 Million | CN¥121.47 Million | CN¥129.15 Million | ▼ -10.8 pp |
| 2007 | 2.3% | CN¥1.87 Million | CN¥82.18 Million | CN¥117.61 Million | CN¥115.74 Million | — |