Xinjiang Daqo New Energy Co Ltd (688303) — Working Capital to Net Assets Ratio
Xinjiang Daqo New Energy Co Ltd (688303) has a Working Capital to Net Assets ratio of 32.2% as of March 2026. Working capital of CN¥12.28 Billion (current assets of CN¥15.17 Billion minus current liabilities of CN¥2.89 Billion) is measured against net assets of CN¥38.17 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 688303 equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Xinjiang Daqo New Energy Co Ltd Working Capital to Net Assets (2013–2025)
This chart shows how Xinjiang Daqo New Energy Co Ltd's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 32.2%, reflecting working capital of CN¥12.28 Billion against net assets of CN¥38.17 Billion CNY. Check tangible equity quality of Xinjiang Daqo New Energy Co Ltd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Xinjiang Daqo New Energy Co Ltd (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Xinjiang Daqo New Energy Co Ltd from 2013 to 2025, 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 Xinjiang Daqo New Energy Co Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 15.8% | CN¥12.91 Billion | CN¥81.79 Billion | CN¥16.37 Billion | CN¥3.46 Billion | ▼ -16.1 pp |
| 2024 | 31.9% | CN¥12.81 Billion | CN¥40.16 Billion | CN¥16.57 Billion | CN¥3.76 Billion | ▼ -8.0 pp |
| 2023 | 39.9% | CN¥17.50 Billion | CN¥43.88 Billion | CN¥23.37 Billion | CN¥5.87 Billion | ▼ -21.9 pp |
| 2022 | 61.8% | CN¥28.12 Billion | CN¥45.54 Billion | CN¥33.66 Billion | CN¥5.53 Billion | ▲ +17.8 pp |
| 2021 | 43.9% | CN¥7.23 Billion | CN¥16.47 Billion | CN¥12.35 Billion | CN¥5.11 Billion | ▲ +60.3 pp |
| 2020 | -16.4% | CN¥-764.27 Million | CN¥4.67 Billion | CN¥2.14 Billion | CN¥2.90 Billion | ▲ +44.7 pp |
| 2019 | -61.1% | CN¥-2.04 Billion | CN¥3.33 Billion | CN¥2.35 Billion | CN¥4.38 Billion | ▼ -56.8 pp |
| 2018 | -4.3% | CN¥-128.69 Million | CN¥3.01 Billion | CN¥1.51 Billion | CN¥1.64 Billion | ▲ +31.1 pp |
| 2017 | -35.4% | CN¥-639.56 Million | CN¥1.81 Billion | CN¥1.10 Billion | CN¥1.74 Billion | ▲ +81.2 pp |
| 2016 | -116.6% | CN¥-1.31 Billion | CN¥1.13 Billion | CN¥363.89 Million | CN¥1.68 Billion | ▲ +25.6 pp |
| 2015 | -142.2% | CN¥-1.19 Billion | CN¥839.57 Million | CN¥336.65 Million | CN¥1.53 Billion | ▲ +81.5 pp |
| 2014 | -223.8% | CN¥-1.50 Billion | CN¥670.88 Million | CN¥412.76 Million | CN¥1.91 Billion | ▲ +603.0 pp |
| 2013 | -826.7% | CN¥-1.26 Billion | CN¥152.62 Million | CN¥335.97 Million | CN¥1.60 Billion | — |