Guangdong Songyang Recycle Resources Co Ltd (603863) — Working Capital to Net Assets Ratio
Guangdong Songyang Recycle Resources Co Ltd (603863) has a Working Capital to Net Assets ratio of -149.3% as of September 2025. Working capital of CN¥-547.78 Million (current assets of CN¥88.92 Million minus current liabilities of CN¥636.70 Million) is measured against net assets of CN¥366.88 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Guangdong Songyang Recycle Resources Co (603863) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Guangdong Songyang Recycle Resources Co Ltd Working Capital to Net Assets (2012–2024)
This chart shows how Guangdong Songyang Recycle Resources Co Ltd'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 -149.3%, reflecting working capital of CN¥-547.78 Million against net assets of CN¥366.88 Million CNY. Check tangible equity quality of Guangdong Songyang Recycle Resources Co to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Guangdong Songyang Recycle Resources Co Ltd (2012–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Guangdong Songyang Recycle Resources Co Ltd 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 603863 company net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -115.5% | CN¥-541.24 Million | CN¥468.49 Million | CN¥181.33 Million | CN¥722.56 Million | ▼ -57.1 pp |
| 2023 | -58.4% | CN¥-385.57 Million | CN¥660.39 Million | CN¥224.61 Million | CN¥610.18 Million | ▼ -30.8 pp |
| 2022 | -27.6% | CN¥-247.56 Million | CN¥897.10 Million | CN¥152.58 Million | CN¥400.14 Million | ▼ -41.6 pp |
| 2021 | 14.0% | CN¥165.60 Million | CN¥1.18 Billion | CN¥479.37 Million | CN¥313.77 Million | ▼ -31.6 pp |
| 2020 | 45.6% | CN¥535.77 Million | CN¥1.18 Billion | CN¥793.30 Million | CN¥257.53 Million | ▼ -18.3 pp |
| 2019 | 63.9% | CN¥714.24 Million | CN¥1.12 Billion | CN¥891.97 Million | CN¥177.73 Million | ▲ +15.8 pp |
| 2018 | 48.0% | CN¥274.83 Million | CN¥572.36 Million | CN¥540.94 Million | CN¥266.11 Million | ▲ +14.0 pp |
| 2017 | 34.0% | CN¥162.54 Million | CN¥477.45 Million | CN¥338.44 Million | CN¥175.90 Million | ▲ +34.9 pp |
| 2016 | -0.8% | CN¥-1.82 Million | CN¥221.86 Million | CN¥392.51 Million | CN¥394.33 Million | ▲ +108.1 pp |
| 2015 | -108.9% | CN¥-109.27 Million | CN¥100.34 Million | CN¥77.53 Million | CN¥186.81 Million | ▲ +159.7 pp |
| 2014 | -268.6% | CN¥-97.42 Million | CN¥36.27 Million | CN¥56.41 Million | CN¥153.83 Million | ▲ +95.5 pp |
| 2013 | -364.1% | CN¥-110.27 Million | CN¥30.28 Million | CN¥53.09 Million | CN¥163.36 Million | ▲ +104.3 pp |
| 2012 | -468.4% | CN¥-120.99 Million | CN¥25.83 Million | CN¥37.21 Million | CN¥158.20 Million | — |