Hengyuan Refining Company Bhd (4324) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.281x

Based on the latest financial reports, Hengyuan Refining Company Bhd (4324) has a cash flow conversion efficiency ratio of 0.281x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (RM217.90 Million ≈ $54.71 Million USD) by net assets (RM776.30 Million ≈ $194.90 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Hengyuan Refining Company Bhd (4324) balance sheet quality index to measure how much of total assets are equity-financed.

Hengyuan Refining Company Bhd - Cash Flow Conversion Efficiency Trend (2012–2024)

This chart illustrates how Hengyuan Refining Company Bhd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Hengyuan Refining Company Bhd (4324) cash flow quality to evaluate the quality of earnings relative to operating cash generation.

Hengyuan Refining Company Bhd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Hengyuan Refining Company Bhd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Xinjiang Youhao Group Co Ltd SHG:600778	0.262x
Hyundai Hcn KO:126560	0.020x
Sichuan Langsha Holding Ltd SHG:600137	-0.016x
Super-Dragon Engineering Plastics Co. Ltd SHE:301131	-0.004x
TriSalus Life Sciences Inc. NASDAQ:TLSI	0.139x
Firich Enterprises Co Ltd TWO:8076	0.015x
CMC Corp VN:CMG	0.060x
NORTHERN OCEAN LTD. F:4JO	N/A

Annual Cash Flow Conversion Efficiency for Hengyuan Refining Company Bhd (2012–2024)

The table below shows the annual cash flow conversion efficiency of Hengyuan Refining Company Bhd from 2012 to 2024. For the full company profile with market capitalisation and key ratios, see 4324 stock market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	RM1.15 Billion ≈ $288.77 Million	RM134.10 Million ≈ $33.67 Million	0.117x	+751.20%
2023-12-31	RM1.40 Billion ≈ $352.14 Million	RM-25.11 Million ≈ $-6.30 Million	-0.018x	-248.51%
2022-12-31	RM1.37 Billion ≈ $344.92 Million	RM16.56 Million ≈ $4.16 Million	0.012x	-88.95%
2021-12-31	RM2.05 Billion ≈ $515.18 Million	RM223.95 Million ≈ $56.23 Million	0.109x	-45.57%
2020-12-31	RM2.17 Billion ≈ $544.41 Million	RM434.76 Million ≈ $109.16 Million	0.201x	-12.23%
2019-12-31	RM5.51 Billion ≈ $1.38 Billion	RM1.26 Billion ≈ $316.09 Million	0.228x	+21.57%
2018-12-31	RM2.02 Billion ≈ $507.57 Million	RM379.92 Million ≈ $95.39 Million	0.188x	-29.50%
2017-12-31	RM1.79 Billion ≈ $449.08 Million	RM476.81 Million ≈ $119.71 Million	0.267x	+5314.94%
2016-12-31	RM1.01 Billion ≈ $253.69 Million	RM-5.17 Million ≈ $-1.30 Million	-0.005x	-100.44%
2015-12-31	RM677.09 Million ≈ $169.99 Million	RM783.50 Million ≈ $196.71 Million	1.157x	+224.20%
2014-12-31	RM325.00 Million ≈ $81.60 Million	RM116.00 Million ≈ $29.12 Million	0.357x	+314.30%
2013-12-31	RM1.51 Billion ≈ $379.86 Million	RM-252.00 Million ≈ $-63.27 Million	-0.167x	-647.31%
2012-12-31	RM1.71 Billion ≈ $428.07 Million	RM-38.00 Million ≈ $-9.54 Million	-0.022x	--

About Hengyuan Refining Company Bhd

KLSE:4324 Malaysia Oil & Gas Refining & Marketing

Market Cap

$216.92 Million

RM864.00 Million MYR

Market Cap Rank

#16190 Global

#204 in Malaysia

Share Price

RM1.44

Change (1 day)

+0.70%

52-Week Range

RM0.73 - RM1.90

All Time High

RM17.37