Smarter Microelectronics (Guangzhou) Co. Ltd. A (688512) — Working Capital to Net Assets Ratio
Smarter Microelectronics (Guangzhou) Co. Ltd. A (688512) has a Working Capital to Net Assets ratio of 86.4% as of March 2026. Working capital of CN¥1.37 Billion (current assets of CN¥1.66 Billion minus current liabilities of CN¥286.31 Million) is measured against net assets of CN¥1.59 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Smarter Microelectronics (Guangzhou) Co. (688512) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Smarter Microelectronics (Guangzhou) Co. Ltd. A Working Capital to Net Assets (2021–2025)
This chart shows how Smarter Microelectronics (Guangzhou) Co. Ltd. A's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of March 2026, the ratio stands at 86.4%, reflecting working capital of CN¥1.37 Billion against net assets of CN¥1.59 Billion CNY. For the complete balance sheet picture, see Smarter Microelectronics (Guangzhou) Co. (688512) total assets.
Annual Working Capital to Net Assets for Smarter Microelectronics (Guangzhou) Co. Ltd. A (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Smarter Microelectronics (Guangzhou) Co. Ltd. A from 2021 to 2025, covering 5 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 how resilient are Smarter Microelectronics (Guangzhou) Co.'s assets to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 86.1% | CN¥1.41 Billion | CN¥1.64 Billion | CN¥1.59 Billion | CN¥180.43 Million | ▲ +17.8 pp |
| 2024 | 68.3% | CN¥1.23 Billion | CN¥1.81 Billion | CN¥1.49 Billion | CN¥251.85 Million | ▲ +2.8 pp |
| 2023 | 65.5% | CN¥1.42 Billion | CN¥2.17 Billion | CN¥1.53 Billion | CN¥106.98 Million | ▼ -19.7 pp |
| 2022 | 85.2% | CN¥1.21 Billion | CN¥1.43 Billion | CN¥1.29 Billion | CN¥80.61 Million | ▼ -11.1 pp |
| 2021 | 96.3% | CN¥1.50 Billion | CN¥1.56 Billion | CN¥1.59 Billion | CN¥83.12 Million | — |