Pan Asia Chemical Co (4707) — Working Capital to Net Assets Ratio
Pan Asia Chemical Co (4707) has a Working Capital to Net Assets ratio of -18.5% as of September 2025. Working capital of NT$-1.11 Billion (current assets of NT$866.67 Million minus current liabilities of NT$1.98 Billion) is measured against net assets of NT$6.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Pan Asia Chemical Co leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pan Asia Chemical Co Working Capital to Net Assets (2017–2024)
This chart shows how Pan Asia Chemical Co's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2017 to 2024. As of September 2025, the ratio stands at -18.5%, reflecting working capital of NT$-1.11 Billion against net assets of NT$6.01 Billion TWD. See 4707 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Pan Asia Chemical Co (2017–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pan Asia Chemical Co from 2017 to 2024, covering 8 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Pan Asia Chemical Co (4707) market capitalisation.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -18.7% | NT$-1.13 Billion | NT$6.03 Billion | NT$1.01 Billion | NT$2.14 Billion | ▲ +4.0 pp |
| 2023 | -22.7% | NT$-1.37 Billion | NT$6.01 Billion | NT$925.48 Million | NT$2.29 Billion | ▲ +2.5 pp |
| 2022 | -25.2% | NT$-1.43 Billion | NT$5.68 Billion | NT$993.44 Million | NT$2.43 Billion | ▼ -4.8 pp |
| 2021 | -20.4% | NT$-1.19 Billion | NT$5.83 Billion | NT$1.06 Billion | NT$2.25 Billion | ▼ -0.9 pp |
| 2020 | -19.5% | NT$-1.10 Billion | NT$5.63 Billion | NT$1.07 Billion | NT$2.17 Billion | ▲ +4.1 pp |
| 2019 | -23.7% | NT$-1.08 Billion | NT$4.57 Billion | NT$903.22 Million | NT$1.98 Billion | ▲ +7.3 pp |
| 2018 | -30.9% | NT$-1.43 Billion | NT$4.62 Billion | NT$721.27 Million | NT$2.15 Billion | ▲ +0.9 pp |
| 2017 | -31.8% | NT$-1.35 Billion | NT$4.24 Billion | NT$741.64 Million | NT$2.09 Billion | — |