Shui-Mu International Co Ltd (8443) — Working Capital to Net Assets Ratio
Shui-Mu International Co Ltd (8443) has a Working Capital to Net Assets ratio of 19.5% as of September 2025. Working capital of NT$134.28 Million (current assets of NT$801.15 Million minus current liabilities of NT$666.87 Million) is measured against net assets of NT$688.15 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shui-Mu International Co Ltd (8443) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shui-Mu International Co Ltd Working Capital to Net Assets (2010–2024)
This chart shows how Shui-Mu International Co Ltd's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2010 to 2024. As of September 2025, the ratio stands at 19.5%, reflecting working capital of NT$134.28 Million against net assets of NT$688.15 Million TWD. See how many days can Shui-Mu International Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Shui-Mu International Co Ltd (2010–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shui-Mu International Co Ltd from 2010 to 2024, covering 15 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 Shui-Mu International Co Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 28.9% | NT$224.66 Million | NT$777.71 Million | NT$855.13 Million | NT$630.47 Million | ▼ -0.1 pp |
| 2023 | 29.0% | NT$241.21 Million | NT$831.88 Million | NT$873.21 Million | NT$632.00 Million | ▲ +6.4 pp |
| 2022 | 22.6% | NT$184.04 Million | NT$814.91 Million | NT$832.15 Million | NT$648.11 Million | ▼ -1.3 pp |
| 2021 | 23.9% | NT$243.49 Million | NT$1.02 Billion | NT$896.14 Million | NT$652.64 Million | ▼ -5.9 pp |
| 2020 | 29.8% | NT$384.69 Million | NT$1.29 Billion | NT$1.02 Billion | NT$632.38 Million | ▼ -9.8 pp |
| 2019 | 39.6% | NT$589.13 Million | NT$1.49 Billion | NT$1.34 Billion | NT$752.40 Million | ▼ -22.0 pp |
| 2018 | 61.7% | NT$967.12 Million | NT$1.57 Billion | NT$1.58 Billion | NT$610.12 Million | ▲ +2.9 pp |
| 2017 | 58.8% | NT$920.98 Million | NT$1.57 Billion | NT$1.62 Billion | NT$703.96 Million | ▼ -6.4 pp |
| 2016 | 65.1% | NT$1.06 Billion | NT$1.62 Billion | NT$1.82 Billion | NT$759.48 Million | ▼ -12.6 pp |
| 2015 | 77.7% | NT$1.33 Billion | NT$1.71 Billion | NT$2.15 Billion | NT$816.79 Million | ▲ +3.8 pp |
| 2014 | 73.8% | NT$1.27 Billion | NT$1.73 Billion | NT$2.01 Billion | NT$737.59 Million | ▲ +5.7 pp |
| 2013 | 68.1% | NT$1.03 Billion | NT$1.50 Billion | NT$1.77 Billion | NT$741.93 Million | ▲ +6.2 pp |
| 2012 | 61.9% | NT$1.00 Billion | NT$1.62 Billion | NT$1.82 Billion | NT$820.53 Million | ▼ -4.0 pp |
| 2011 | 65.9% | NT$812.12 Million | NT$1.23 Billion | NT$1.87 Billion | NT$1.05 Billion | ▼ -11.9 pp |
| 2010 | 77.9% | NT$960.14 Million | NT$1.23 Billion | NT$1.76 Billion | NT$799.29 Million | — |