Iron Force Industrial Co Ltd (2228) — Working Capital to Net Assets Ratio
Iron Force Industrial Co Ltd (2228) has a Working Capital to Net Assets ratio of 58.6% as of September 2025. Working capital of NT$2.78 Billion (current assets of NT$3.81 Billion minus current liabilities of NT$1.04 Billion) is measured against net assets of NT$4.74 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 2228 net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Iron Force Industrial Co Ltd Working Capital to Net Assets (2009–2024)
This chart shows how Iron Force Industrial Co Ltd's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2009 to 2024. As of September 2025, the ratio stands at 58.6%, reflecting working capital of NT$2.78 Billion against net assets of NT$4.74 Billion TWD. Check 2228 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Iron Force Industrial Co Ltd (2009–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Iron Force Industrial Co Ltd from 2009 to 2024, covering 16 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 2228 stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 63.3% | NT$3.32 Billion | NT$5.25 Billion | NT$4.04 Billion | NT$711.12 Million | ▼ -2.4 pp |
| 2023 | 65.7% | NT$2.87 Billion | NT$4.36 Billion | NT$4.00 Billion | NT$1.13 Billion | ▲ +3.3 pp |
| 2022 | 62.4% | NT$2.60 Billion | NT$4.16 Billion | NT$4.01 Billion | NT$1.41 Billion | ▼ -1.6 pp |
| 2021 | 64.0% | NT$2.43 Billion | NT$3.80 Billion | NT$3.29 Billion | NT$861.37 Million | ▲ +3.7 pp |
| 2020 | 60.4% | NT$2.22 Billion | NT$3.68 Billion | NT$3.26 Billion | NT$1.04 Billion | ▲ +7.2 pp |
| 2019 | 53.2% | NT$2.10 Billion | NT$3.94 Billion | NT$2.83 Billion | NT$734.39 Million | ▼ -2.1 pp |
| 2018 | 55.3% | NT$2.08 Billion | NT$3.76 Billion | NT$2.80 Billion | NT$721.37 Million | ▼ -2.1 pp |
| 2017 | 57.4% | NT$2.15 Billion | NT$3.75 Billion | NT$2.82 Billion | NT$671.68 Million | ▼ -0.5 pp |
| 2016 | 57.9% | NT$2.12 Billion | NT$3.66 Billion | NT$3.02 Billion | NT$897.12 Million | ▼ -0.3 pp |
| 2015 | 58.2% | NT$1.94 Billion | NT$3.34 Billion | NT$2.56 Billion | NT$618.77 Million | ▲ +2.1 pp |
| 2014 | 56.2% | NT$1.46 Billion | NT$2.60 Billion | NT$2.01 Billion | NT$549.70 Million | ▼ -0.3 pp |
| 2013 | 56.4% | NT$1.29 Billion | NT$2.29 Billion | NT$1.72 Billion | NT$429.19 Million | ▼ 0.0 pp |
| 2012 | 56.4% | NT$886.75 Million | NT$1.57 Billion | NT$1.41 Billion | NT$520.98 Million | ▲ +16.3 pp |
| 2011 | 40.2% | NT$664.96 Million | NT$1.65 Billion | NT$1.24 Billion | NT$572.18 Million | ▲ +28.0 pp |
| 2010 | 12.2% | NT$166.95 Million | NT$1.37 Billion | NT$475.76 Million | NT$308.81 Million | ▼ -5.0 pp |
| 2009 | 17.2% | NT$217.01 Million | NT$1.26 Billion | NT$394.88 Million | NT$177.87 Million | — |