Morn Sun Feed Mill Corp (1240) — Working Capital to Net Assets Ratio
Morn Sun Feed Mill Corp (1240) has a Working Capital to Net Assets ratio of 36.5% as of September 2025. Working capital of NT$546.77 Million (current assets of NT$1.11 Billion minus current liabilities of NT$558.94 Million) is measured against net assets of NT$1.50 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Morn Sun Feed Mill Corp net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Morn Sun Feed Mill Corp Working Capital to Net Assets (2017–2024)
This chart shows how Morn Sun Feed Mill Corp's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2017 to 2024. As of September 2025, the ratio stands at 36.5%, reflecting working capital of NT$546.77 Million against net assets of NT$1.50 Billion TWD. Check 1240 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Morn Sun Feed Mill Corp (2017–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Morn Sun Feed Mill Corp from 2017 to 2024, covering 8 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 Morn Sun Feed Mill Corp market capitalisation.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 40.1% | NT$599.81 Million | NT$1.49 Billion | NT$1.18 Billion | NT$576.70 Million | ▲ +3.9 pp |
| 2023 | 36.3% | NT$513.50 Million | NT$1.41 Billion | NT$1.25 Billion | NT$737.04 Million | ▲ +0.8 pp |
| 2022 | 35.5% | NT$467.43 Million | NT$1.32 Billion | NT$1.33 Billion | NT$864.56 Million | ▼ -0.8 pp |
| 2021 | 36.3% | NT$500.49 Million | NT$1.38 Billion | NT$1.20 Billion | NT$694.54 Million | ▲ +4.4 pp |
| 2020 | 31.8% | NT$401.27 Million | NT$1.26 Billion | NT$983.70 Million | NT$582.43 Million | ▼ -5.5 pp |
| 2019 | 37.3% | NT$382.89 Million | NT$1.03 Billion | NT$958.38 Million | NT$575.49 Million | ▼ -8.3 pp |
| 2018 | 45.6% | NT$532.76 Million | NT$1.17 Billion | NT$953.43 Million | NT$420.67 Million | ▲ +14.7 pp |
| 2017 | 30.9% | NT$284.50 Million | NT$919.69 Million | NT$909.64 Million | NT$625.14 Million | — |