Spigen Korea Co. Ltd (192440) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Spigen Korea Co. Ltd (192440) has a cash flow conversion efficiency ratio of 0.019x 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 (₩9.73 Billion ≈ $6.60 Million USD) by net assets (₩520.47 Billion ≈ $352.71 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 how leveraged is Spigen Korea Co. Ltd's balance sheet to measure how much of total assets are equity-financed.
Spigen Korea Co. Ltd - Cash Flow Conversion Efficiency Trend (2014–2024)
This chart illustrates how Spigen Korea Co. Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check 192440 cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Spigen Korea Co. Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Spigen Korea Co. Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
TCM Group
CO:TCM
|
0.022x |
|
Magyar Bancorp Inc
NASDAQ:MGYR
|
0.030x |
|
Go Hub Capital Berhad
KLSE:0311
|
0.017x |
|
CONDOR ENERGIES INC.
F:WQ6
|
0.162x |
|
Inseego Corp
NASDAQ:INSG
|
-0.067x |
|
Accel Solutions Group Ltd
TA:ACCL
|
-0.026x |
|
Bokusgruppen AB
ST:BOKUS
|
-0.100x |
|
IRM ENERGY LTD
NSE:IRMENERGY
|
0.085x |
Annual Cash Flow Conversion Efficiency for Spigen Korea Co. Ltd (2014–2024)
The table below shows the annual cash flow conversion efficiency of Spigen Korea Co. Ltd from 2014 to 2024. For the full company profile with market capitalisation and key ratios, see Spigen Korea Co. Ltd market cap and net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | ₩517.10 Billion ≈ $350.43 Million |
₩29.41 Billion ≈ $19.93 Million |
0.057x | -20.14% |
| 2023-12-31 | ₩469.59 Billion ≈ $318.24 Million |
₩33.44 Billion ≈ $22.66 Million |
0.071x | +45.61% |
| 2022-12-31 | ₩423.05 Billion ≈ $286.69 Million |
₩20.69 Billion ≈ $14.02 Million |
0.049x | -53.33% |
| 2021-12-31 | ₩396.83 Billion ≈ $268.93 Million |
₩41.59 Billion ≈ $28.18 Million |
0.105x | -56.03% |
| 2020-12-31 | ₩336.03 Billion ≈ $227.73 Million |
₩80.09 Billion ≈ $54.27 Million |
0.238x | +115.11% |
| 2019-12-31 | ₩294.46 Billion ≈ $199.55 Million |
₩32.62 Billion ≈ $22.11 Million |
0.111x | -23.80% |
| 2018-12-31 | ₩261.30 Billion ≈ $177.08 Million |
₩37.99 Billion ≈ $25.75 Million |
0.145x | -10.40% |
| 2017-12-31 | ₩221.37 Billion ≈ $150.02 Million |
₩35.92 Billion ≈ $24.34 Million |
0.162x | +11.58% |
| 2016-12-31 | ₩193.60 Billion ≈ $131.20 Million |
₩28.16 Billion ≈ $19.08 Million |
0.145x | -46.05% |
| 2015-12-31 | ₩158.62 Billion ≈ $107.50 Million |
₩42.76 Billion ≈ $28.98 Million |
0.270x | +14.13% |
| 2014-12-31 | ₩128.90 Billion ≈ $87.35 Million |
₩30.45 Billion ≈ $20.63 Million |
0.236x | -- |
About Spigen Korea Co. Ltd
Spigen Korea Co.,Ltd, together with its subsidiaries, engages in manufacture, wholesale, and retail of accessories for small mobile devices and electronic devices in South Korea, rest of Asia, Europe, North America, and internationally. The company offers smartphone cases, screen protectors, charging accessories, lifestyle products, bicycle products, and vehicle products under the Spigen brand; a… Read more