SEC Electric Mach Co Ltd (603988) — Working Capital to Net Assets Ratio
SEC Electric Mach Co Ltd (603988) has a Working Capital to Net Assets ratio of 82.6% as of September 2025. Working capital of CN¥554.51 Million (current assets of CN¥958.94 Million minus current liabilities of CN¥404.43 Million) is measured against net assets of CN¥671.20 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See SEC Electric Mach Co Ltd balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
SEC Electric Mach Co Ltd Working Capital to Net Assets (2011–2024)
This chart shows how SEC Electric Mach Co Ltd's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 82.6%, reflecting working capital of CN¥554.51 Million against net assets of CN¥671.20 Million CNY. Check how tangible is SEC Electric Mach Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for SEC Electric Mach Co Ltd (2011–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for SEC Electric Mach Co Ltd from 2011 to 2024, covering 14 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 cap of SEC Electric Mach Co Ltd.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 81.6% | CN¥523.43 Million | CN¥641.39 Million | CN¥962.02 Million | CN¥438.60 Million | ▼ -1.0 pp |
| 2023 | 82.6% | CN¥548.83 Million | CN¥664.59 Million | CN¥952.63 Million | CN¥403.79 Million | ▲ +3.6 pp |
| 2022 | 79.0% | CN¥500.25 Million | CN¥633.31 Million | CN¥1.01 Billion | CN¥507.44 Million | ▲ +0.4 pp |
| 2021 | 78.6% | CN¥464.86 Million | CN¥591.73 Million | CN¥1.05 Billion | CN¥580.29 Million | ▼ -2.5 pp |
| 2020 | 81.0% | CN¥613.27 Million | CN¥756.68 Million | CN¥1.09 Billion | CN¥481.06 Million | ▲ +2.5 pp |
| 2019 | 78.5% | CN¥545.54 Million | CN¥694.84 Million | CN¥895.42 Million | CN¥349.89 Million | ▲ +4.5 pp |
| 2018 | 74.0% | CN¥497.21 Million | CN¥671.92 Million | CN¥785.04 Million | CN¥287.83 Million | ▼ -2.1 pp |
| 2017 | 76.1% | CN¥507.97 Million | CN¥667.13 Million | CN¥749.17 Million | CN¥241.20 Million | ▲ +0.1 pp |
| 2016 | 76.0% | CN¥491.23 Million | CN¥646.05 Million | CN¥681.06 Million | CN¥189.83 Million | ▼ -3.7 pp |
| 2015 | 79.8% | CN¥507.17 Million | CN¥635.75 Million | CN¥677.86 Million | CN¥170.68 Million | ▲ +1.1 pp |
| 2014 | 78.7% | CN¥479.42 Million | CN¥608.98 Million | CN¥671.13 Million | CN¥191.71 Million | ▲ +28.3 pp |
| 2013 | 50.5% | CN¥145.04 Million | CN¥287.42 Million | CN¥392.94 Million | CN¥247.90 Million | ▲ +14.8 pp |
| 2012 | 35.7% | CN¥81.24 Million | CN¥227.58 Million | CN¥325.25 Million | CN¥244.00 Million | ▲ +27.0 pp |
| 2011 | 8.7% | CN¥15.27 Million | CN¥174.79 Million | CN¥332.93 Million | CN¥317.65 Million | — |