Tong Ming Enterprise Co Ltd (5538) — Working Capital to Net Assets Ratio
Tong Ming Enterprise Co Ltd (5538) has a Working Capital to Net Assets ratio of 75.8% as of December 2025. Working capital of NT$5.81 Billion (current assets of NT$11.32 Billion minus current liabilities of NT$5.50 Billion) is measured against net assets of NT$7.67 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 5538 equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tong Ming Enterprise Co Ltd Working Capital to Net Assets (2010–2025)
This chart shows how Tong Ming Enterprise Co Ltd's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2010 to 2025. As of December 2025, the ratio stands at 75.8%, reflecting working capital of NT$5.81 Billion against net assets of NT$7.67 Billion TWD. Check 5538 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Tong Ming Enterprise Co Ltd (2010–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tong Ming Enterprise Co Ltd from 2010 to 2025, 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 Tong Ming Enterprise Co Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 75.8% | NT$5.81 Billion | NT$7.67 Billion | NT$11.32 Billion | NT$5.50 Billion | ▼ -0.8 pp |
| 2024 | 76.5% | NT$5.47 Billion | NT$7.15 Billion | NT$10.37 Billion | NT$4.90 Billion | ▼ -7.2 pp |
| 2023 | 83.7% | NT$5.48 Billion | NT$6.54 Billion | NT$8.72 Billion | NT$3.25 Billion | ▲ +12.7 pp |
| 2022 | 71.0% | NT$4.92 Billion | NT$6.93 Billion | NT$10.62 Billion | NT$5.70 Billion | ▼ -19.5 pp |
| 2021 | 90.6% | NT$5.92 Billion | NT$6.54 Billion | NT$9.91 Billion | NT$3.98 Billion | ▼ -10.0 pp |
| 2020 | 100.5% | NT$4.20 Billion | NT$4.18 Billion | NT$7.58 Billion | NT$3.38 Billion | ▲ +10.3 pp |
| 2019 | 90.3% | NT$3.51 Billion | NT$3.89 Billion | NT$6.09 Billion | NT$2.58 Billion | ▲ +7.0 pp |
| 2018 | 83.3% | NT$3.24 Billion | NT$3.89 Billion | NT$6.41 Billion | NT$3.17 Billion | ▲ +8.6 pp |
| 2017 | 74.6% | NT$2.87 Billion | NT$3.84 Billion | NT$5.56 Billion | NT$2.69 Billion | ▼ -1.0 pp |
| 2016 | 75.7% | NT$2.68 Billion | NT$3.54 Billion | NT$4.02 Billion | NT$1.34 Billion | ▲ +4.2 pp |
| 2015 | 71.4% | NT$2.52 Billion | NT$3.53 Billion | NT$3.96 Billion | NT$1.44 Billion | ▲ +2.3 pp |
| 2014 | 69.2% | NT$2.58 Billion | NT$3.73 Billion | NT$3.98 Billion | NT$1.40 Billion | ▲ +5.4 pp |
| 2013 | 63.7% | NT$2.10 Billion | NT$3.30 Billion | NT$4.03 Billion | NT$1.93 Billion | ▲ +4.3 pp |
| 2012 | 59.4% | NT$1.75 Billion | NT$2.95 Billion | NT$3.21 Billion | NT$1.45 Billion | ▲ +0.9 pp |
| 2011 | 58.5% | NT$1.68 Billion | NT$2.88 Billion | NT$3.20 Billion | NT$1.52 Billion | ▼ -4.8 pp |
| 2010 | 63.2% | NT$1.62 Billion | NT$2.56 Billion | NT$3.46 Billion | NT$1.84 Billion | — |