GuangZhou BaiYun Elec Equip Co (603861) — Working Capital to Net Assets Ratio
GuangZhou BaiYun Elec Equip Co (603861) has a Working Capital to Net Assets ratio of 25.0% as of September 2025. Working capital of CN¥1.05 Billion (current assets of CN¥6.29 Billion minus current liabilities of CN¥5.25 Billion) is measured against net assets of CN¥4.20 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See GuangZhou BaiYun Elec Equip Co balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
GuangZhou BaiYun Elec Equip Co Working Capital to Net Assets (2008–2024)
This chart shows how GuangZhou BaiYun Elec Equip Co's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2008 to 2024. As of September 2025, the ratio stands at 25.0%, reflecting working capital of CN¥1.05 Billion against net assets of CN¥4.20 Billion CNY. Check 603861 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for GuangZhou BaiYun Elec Equip Co (2008–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for GuangZhou BaiYun Elec Equip Co from 2008 to 2024, covering 17 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 GuangZhou BaiYun Elec Equip Co stock valuation.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 4.3% | CN¥158.45 Million | CN¥3.70 Billion | CN¥5.88 Billion | CN¥5.73 Billion | ▼ -18.1 pp |
| 2023 | 22.4% | CN¥693.98 Million | CN¥3.10 Billion | CN¥5.00 Billion | CN¥4.31 Billion | ▲ +10.5 pp |
| 2022 | 11.9% | CN¥358.64 Million | CN¥3.01 Billion | CN¥4.37 Billion | CN¥4.01 Billion | ▼ -37.9 pp |
| 2021 | 49.8% | CN¥1.49 Billion | CN¥2.99 Billion | CN¥5.11 Billion | CN¥3.62 Billion | ▼ -4.2 pp |
| 2020 | 54.0% | CN¥1.56 Billion | CN¥2.88 Billion | CN¥4.62 Billion | CN¥3.06 Billion | ▼ -16.3 pp |
| 2019 | 70.4% | CN¥1.96 Billion | CN¥2.79 Billion | CN¥4.70 Billion | CN¥2.73 Billion | ▲ +22.5 pp |
| 2018 | 47.9% | CN¥1.22 Billion | CN¥2.55 Billion | CN¥3.24 Billion | CN¥2.02 Billion | ▲ +6.8 pp |
| 2017 | 41.1% | CN¥849.29 Million | CN¥2.07 Billion | CN¥1.99 Billion | CN¥1.14 Billion | ▼ -8.7 pp |
| 2016 | 49.7% | CN¥945.23 Million | CN¥1.90 Billion | CN¥1.79 Billion | CN¥840.34 Million | ▲ +11.3 pp |
| 2015 | 38.4% | CN¥523.06 Million | CN¥1.36 Billion | CN¥1.37 Billion | CN¥851.24 Million | ▼ -3.0 pp |
| 2014 | 41.4% | CN¥506.34 Million | CN¥1.22 Billion | CN¥1.40 Billion | CN¥889.34 Million | ▼ -5.7 pp |
| 2013 | 47.1% | CN¥528.28 Million | CN¥1.12 Billion | CN¥1.27 Billion | CN¥746.70 Million | ▼ -12.2 pp |
| 2012 | 59.2% | CN¥606.24 Million | CN¥1.02 Billion | CN¥1.09 Billion | CN¥486.97 Million | ▲ +1.8 pp |
| 2011 | 57.5% | CN¥528.50 Million | CN¥919.70 Million | CN¥1.03 Billion | CN¥498.41 Million | ▼ -14.6 pp |
| 2010 | 72.0% | CN¥595.38 Million | CN¥826.68 Million | CN¥1.06 Billion | CN¥465.01 Million | ▼ -9.5 pp |
| 2009 | 81.5% | CN¥422.22 Million | CN¥518.00 Million | CN¥946.38 Million | CN¥524.16 Million | ▲ +21.8 pp |
| 2008 | 59.7% | CN¥281.81 Million | CN¥472.22 Million | CN¥965.07 Million | CN¥683.26 Million | — |