Topower Co Ltd (3226) — Working Capital to Net Assets Ratio
Topower Co Ltd (3226) has a Working Capital to Net Assets ratio of 31.4% as of December 2025. Working capital of NT$590.81 Million (current assets of NT$1.15 Billion minus current liabilities of NT$562.87 Million) is measured against net assets of NT$1.88 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Topower Co Ltd free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Topower Co Ltd Working Capital to Net Assets (2017–2025)
This chart shows how Topower Co Ltd's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of December 2025, the ratio stands at 31.4%, reflecting working capital of NT$590.81 Million against net assets of NT$1.88 Billion TWD. See Topower Co Ltd (3226) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Topower Co Ltd (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Topower Co Ltd from 2017 to 2025, covering 9 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 Topower Co Ltd stock valuation.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 31.4% | NT$590.81 Million | NT$1.88 Billion | NT$1.15 Billion | NT$562.87 Million | ▼ -10.2 pp |
| 2024 | 41.7% | NT$790.00 Million | NT$1.90 Billion | NT$1.48 Billion | NT$694.87 Million | ▲ +4.4 pp |
| 2023 | 37.2% | NT$584.32 Million | NT$1.57 Billion | NT$1.37 Billion | NT$787.75 Million | ▼ -3.1 pp |
| 2022 | 40.3% | NT$593.23 Million | NT$1.47 Billion | NT$1.34 Billion | NT$743.08 Million | ▼ -3.9 pp |
| 2021 | 44.2% | NT$579.29 Million | NT$1.31 Billion | NT$1.43 Billion | NT$853.14 Million | ▼ -14.0 pp |
| 2020 | 58.2% | NT$760.35 Million | NT$1.31 Billion | NT$1.62 Billion | NT$857.43 Million | ▼ -9.8 pp |
| 2019 | 68.0% | NT$799.11 Million | NT$1.18 Billion | NT$1.29 Billion | NT$491.80 Million | ▼ -1.8 pp |
| 2018 | 69.8% | NT$762.03 Million | NT$1.09 Billion | NT$1.26 Billion | NT$496.09 Million | ▼ -6.1 pp |
| 2017 | 75.9% | NT$709.72 Million | NT$935.14 Million | NT$1.12 Billion | NT$411.43 Million | — |