Novoray Corporation (688300) — Working Capital to Net Assets Ratio
Novoray Corporation (688300) has a Working Capital to Net Assets ratio of 57.0% as of September 2025. Working capital of CN¥931.14 Million (current assets of CN¥1.38 Billion minus current liabilities of CN¥449.52 Million) is measured against net assets of CN¥1.63 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 688300 days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Novoray Corporation Working Capital to Net Assets (2012–2024)
This chart shows how Novoray Corporation'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 57.0%, reflecting working capital of CN¥931.14 Million against net assets of CN¥1.63 Billion CNY. For the complete balance sheet picture, see 688300 asset base.
Annual Working Capital to Net Assets for Novoray Corporation (2012–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Novoray Corporation 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. Check 688300 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 51.2% | CN¥771.71 Million | CN¥1.51 Billion | CN¥1.11 Billion | CN¥336.84 Million | ▼ -0.7 pp |
| 2023 | 51.9% | CN¥699.23 Million | CN¥1.35 Billion | CN¥949.73 Million | CN¥250.50 Million | ▼ -2.8 pp |
| 2022 | 54.7% | CN¥672.64 Million | CN¥1.23 Billion | CN¥848.03 Million | CN¥175.39 Million | ▼ -8.5 pp |
| 2021 | 63.2% | CN¥690.78 Million | CN¥1.09 Billion | CN¥821.79 Million | CN¥131.01 Million | ▼ -10.2 pp |
| 2020 | 73.3% | CN¥706.88 Million | CN¥963.95 Million | CN¥797.06 Million | CN¥90.17 Million | ▼ -8.6 pp |
| 2019 | 81.9% | CN¥733.92 Million | CN¥896.15 Million | CN¥826.26 Million | CN¥92.34 Million | ▲ +13.0 pp |
| 2018 | 68.9% | CN¥220.26 Million | CN¥319.55 Million | CN¥272.51 Million | CN¥52.26 Million | ▲ +1.1 pp |
| 2017 | 67.8% | CN¥130.87 Million | CN¥192.98 Million | CN¥195.79 Million | CN¥64.92 Million | ▲ +7.2 pp |
| 2016 | 60.6% | CN¥98.62 Million | CN¥162.73 Million | CN¥154.92 Million | CN¥56.30 Million | ▲ +5.8 pp |
| 2015 | 54.8% | CN¥67.62 Million | CN¥123.33 Million | CN¥109.21 Million | CN¥41.59 Million | ▲ +3.9 pp |
| 2014 | 50.9% | CN¥48.96 Million | CN¥96.16 Million | CN¥90.55 Million | CN¥41.59 Million | ▲ +22.3 pp |
| 2013 | 28.6% | CN¥22.11 Million | CN¥77.26 Million | CN¥97.91 Million | CN¥75.81 Million | ▼ -11.1 pp |
| 2012 | 39.7% | CN¥48.84 Million | CN¥123.02 Million | CN¥79.55 Million | CN¥30.72 Million | — |