Shandong Donghong Pipe Ind Co (603856) — Working Capital to Net Assets Ratio
Shandong Donghong Pipe Ind Co (603856) has a Working Capital to Net Assets ratio of 68.7% as of September 2025. Working capital of CN¥1.86 Billion (current assets of CN¥2.59 Billion minus current liabilities of CN¥730.42 Million) is measured against net assets of CN¥2.71 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shandong Donghong Pipe Ind Co (603856) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shandong Donghong Pipe Ind Co Working Capital to Net Assets (2012–2024)
This chart shows how Shandong Donghong Pipe Ind Co's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2012 to 2024. As of September 2025, the ratio stands at 68.7%, reflecting working capital of CN¥1.86 Billion against net assets of CN¥2.71 Billion CNY. Check Shandong Donghong Pipe Ind Co tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Shandong Donghong Pipe Ind Co (2012–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shandong Donghong Pipe Ind Co from 2012 to 2024, covering 13 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 Shandong Donghong Pipe Ind Co market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 63.5% | CN¥1.49 Billion | CN¥2.35 Billion | CN¥2.50 Billion | CN¥1.00 Billion | ▲ +7.6 pp |
| 2023 | 55.9% | CN¥1.26 Billion | CN¥2.25 Billion | CN¥2.50 Billion | CN¥1.24 Billion | ▼ -7.8 pp |
| 2022 | 63.8% | CN¥1.35 Billion | CN¥2.12 Billion | CN¥2.84 Billion | CN¥1.49 Billion | ▲ +12.0 pp |
| 2021 | 51.8% | CN¥1.04 Billion | CN¥2.00 Billion | CN¥2.40 Billion | CN¥1.36 Billion | ▼ -20.3 pp |
| 2020 | 72.1% | CN¥1.41 Billion | CN¥1.96 Billion | CN¥2.25 Billion | CN¥834.00 Million | ▼ -3.8 pp |
| 2019 | 75.9% | CN¥1.29 Billion | CN¥1.70 Billion | CN¥1.60 Billion | CN¥304.03 Million | ▼ -0.6 pp |
| 2018 | 76.4% | CN¥1.19 Billion | CN¥1.55 Billion | CN¥1.46 Billion | CN¥270.74 Million | ▼ -4.1 pp |
| 2017 | 80.5% | CN¥1.15 Billion | CN¥1.43 Billion | CN¥1.38 Billion | CN¥230.11 Million | ▲ +15.1 pp |
| 2016 | 65.4% | CN¥555.31 Million | CN¥849.05 Million | CN¥800.62 Million | CN¥245.31 Million | ▲ +5.1 pp |
| 2015 | 60.3% | CN¥448.78 Million | CN¥744.34 Million | CN¥831.57 Million | CN¥382.78 Million | ▲ +7.0 pp |
| 2014 | 53.3% | CN¥347.58 Million | CN¥651.85 Million | CN¥799.97 Million | CN¥452.39 Million | ▲ +4.1 pp |
| 2013 | 49.2% | CN¥277.51 Million | CN¥564.28 Million | CN¥798.30 Million | CN¥520.79 Million | ▲ +7.0 pp |
| 2012 | 42.2% | CN¥160.20 Million | CN¥380.04 Million | CN¥687.43 Million | CN¥527.23 Million | — |