White Horse Bhd (5009) - Cash Flow Conversion Efficiency

Latest as of March 2026: -0.024x

Based on the latest financial reports, White Horse Bhd (5009) has a cash flow conversion efficiency ratio of -0.024x as of March 2026. 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 (RM-12.74 Million ≈ $-3.20 Million USD) by net assets (RM541.53 Million ≈ $135.96 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 White Horse Bhd balance sheet quality to measure how much of total assets are equity-financed.

White Horse Bhd - Cash Flow Conversion Efficiency Trend (2011–2025)

This chart illustrates how White Horse Bhd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check how high is White Horse Bhd's earnings quality to evaluate the quality of earnings relative to operating cash generation.

White Horse Bhd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of White Horse Bhd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
LMS Co. Ltd KQ:073110	-0.044x
GRITEE Inc KQ:204020	0.076x
Evaxion Biotech AS NASDAQ:EVAX	-0.390x
QPM Energy Ltd AU:QPM	-0.108x
Rossell India Limited NSE:ROSSELLIND	-0.043x
Maral Overseas Limited NSE:MARALOVER	0.606x
A SPAC III Acquisition Corp. Class A Ordinary Shares NASDAQ:ASPC	-0.056x
Sewoo Global Co., Ltd KO:013000	0.028x

Annual Cash Flow Conversion Efficiency for White Horse Bhd (2011–2025)

The table below shows the annual cash flow conversion efficiency of White Horse Bhd from 2011 to 2025. For the full company profile with market capitalisation and key ratios, see how much is White Horse Bhd worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	RM548.88 Million ≈ $137.80 Million	RM29.00 Million ≈ $7.28 Million	0.053x	+75.87%
2024-12-31	RM565.63 Million ≈ $142.01 Million	RM16.99 Million ≈ $4.27 Million	0.030x	-41.55%
2023-12-31	RM585.23 Million ≈ $146.93 Million	RM30.08 Million ≈ $7.55 Million	0.051x	+151.84%
2022-12-31	RM597.15 Million ≈ $149.92 Million	RM-59.20 Million ≈ $-14.86 Million	-0.099x	-514.84%
2021-12-31	RM600.67 Million ≈ $150.81 Million	RM14.36 Million ≈ $3.60 Million	0.024x	-78.59%
2020-12-31	RM587.50 Million ≈ $147.50 Million	RM65.58 Million ≈ $16.47 Million	0.112x	+15.77%
2019-12-31	RM641.98 Million ≈ $161.18 Million	RM61.90 Million ≈ $15.54 Million	0.096x	+92.54%
2018-12-31	RM706.46 Million ≈ $177.37 Million	RM35.38 Million ≈ $8.88 Million	0.050x	+100.97%
2017-12-31	RM745.43 Million ≈ $187.15 Million	RM18.58 Million ≈ $4.66 Million	0.025x	-70.23%
2016-12-31	RM768.30 Million ≈ $192.89 Million	RM64.30 Million ≈ $16.14 Million	0.084x	-32.24%
2015-12-31	RM761.00 Million ≈ $191.06 Million	RM94.00 Million ≈ $23.60 Million	0.124x	+94.22%
2014-12-31	RM739.00 Million ≈ $185.54 Million	RM47.00 Million ≈ $11.80 Million	0.064x	-47.70%
2013-12-31	RM699.00 Million ≈ $175.50 Million	RM85.00 Million ≈ $21.34 Million	0.122x	+481.95%
2012-12-31	RM670.00 Million ≈ $168.21 Million	RM14.00 Million ≈ $3.51 Million	0.021x	-77.92%
2011-12-31	RM655.00 Million ≈ $164.45 Million	RM62.00 Million ≈ $15.57 Million	0.095x	--

About White Horse Bhd

KLSE:5009 Malaysia Building Materials

Market Cap

$25.16 Million

RM100.22 Million MYR

Market Cap Rank

#24333 Global

#631 in Malaysia

Share Price

RM0.46

Change (1 day)

-1.09%

52-Week Range

RM0.46 - RM0.91

All Time High

RM2.05