iRay Technology Co Ltd (688301) — Working Capital to Net Assets Ratio
iRay Technology Co Ltd (688301) has a Working Capital to Net Assets ratio of 63.8% as of September 2025. Working capital of CN¥3.87 Billion (current assets of CN¥5.22 Billion minus current liabilities of CN¥1.35 Billion) is measured against net assets of CN¥6.07 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 688301 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
iRay Technology Co Ltd Working Capital to Net Assets (2015–2024)
This chart shows how iRay Technology Co Ltd's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2015 to 2024. As of September 2025, the ratio stands at 63.8%, reflecting working capital of CN¥3.87 Billion against net assets of CN¥6.07 Billion CNY. For the complete balance sheet picture, see iRay Technology Co Ltd asset portfolio.
Annual Working Capital to Net Assets for iRay Technology Co Ltd (2015–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for iRay Technology Co Ltd from 2015 to 2024, covering 10 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 688301 financial resilience 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 | 65.7% | CN¥3.05 Billion | CN¥4.65 Billion | CN¥3.95 Billion | CN¥900.18 Million | ▲ +11.7 pp |
| 2023 | 54.0% | CN¥2.35 Billion | CN¥4.35 Billion | CN¥3.72 Billion | CN¥1.37 Billion | ▼ -48.6 pp |
| 2022 | 102.6% | CN¥4.01 Billion | CN¥3.90 Billion | CN¥4.53 Billion | CN¥523.01 Million | ▲ +15.8 pp |
| 2021 | 86.8% | CN¥2.67 Billion | CN¥3.08 Billion | CN¥3.05 Billion | CN¥376.47 Million | ▼ -7.8 pp |
| 2020 | 94.6% | CN¥2.49 Billion | CN¥2.63 Billion | CN¥2.73 Billion | CN¥235.50 Million | ▲ +28.8 pp |
| 2019 | 65.7% | CN¥279.73 Million | CN¥425.61 Million | CN¥514.29 Million | CN¥234.56 Million | ▼ -0.4 pp |
| 2018 | 66.2% | CN¥218.97 Million | CN¥331.02 Million | CN¥365.02 Million | CN¥146.05 Million | ▼ -4.5 pp |
| 2017 | 70.6% | CN¥177.62 Million | CN¥251.42 Million | CN¥294.51 Million | CN¥116.89 Million | ▼ -10.3 pp |
| 2016 | 80.9% | CN¥143.80 Million | CN¥177.70 Million | CN¥218.10 Million | CN¥74.30 Million | ▼ -5.3 pp |
| 2015 | 86.2% | CN¥116.31 Million | CN¥134.92 Million | CN¥157.57 Million | CN¥41.26 Million | — |