Hana Must SPAC 2 (208370) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.013x

Based on the latest financial reports, Hana Must SPAC 2 (208370) has a cash flow conversion efficiency ratio of 0.013x 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 (₩838.06 Million ≈ $567.94K USD) by net assets (₩63.95 Billion ≈ $43.34 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Hana Must SPAC 2 - Cash Flow Conversion Efficiency Trend (2015–2024)

This chart illustrates how Hana Must SPAC 2's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Hana Must SPAC 2 balance sheet liabilities for a breakdown of total debt and financial obligations.

Hana Must SPAC 2 Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Hana Must SPAC 2 ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Ak Holdings KO:006840	0.084x
Danang Rubber JSC VN:DRC	0.052x
Vinyl Group Ltd AU:VNL	-0.277x
Hwacheon Machi KO:010660	-0.024x
QPM Energy Ltd AU:QPM	0.164x
Billion Electric Co Ltd TW:3027	-0.017x
Inovio Pharmaceuticals Inc NASDAQ:INO	2.795x
United Polyfab Gujarat Limited NSE:UNITEDPOLY	0.101x

Annual Cash Flow Conversion Efficiency for Hana Must SPAC 2 (2015–2024)

The table below shows the annual cash flow conversion efficiency of Hana Must SPAC 2 from 2015 to 2024. For the full company profile with market capitalisation and key ratios, see 208370 market cap overview.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	₩63.80 Billion ≈ $43.24 Million	₩4.50 Billion ≈ $3.05 Million	0.071x	+22.09%
2023-12-31	₩60.10 Billion ≈ $40.73 Million	₩3.47 Billion ≈ $2.35 Million	0.058x	+3640.27%
2022-12-31	₩32.89 Billion ≈ $22.29 Million	₩50.81 Million ≈ $34.43K	0.002x	-98.52%
2021-12-31	₩28.06 Billion ≈ $19.02 Million	₩2.93 Billion ≈ $1.98 Million	0.104x	-38.53%
2020-12-31	₩24.89 Billion ≈ $16.87 Million	₩4.23 Billion ≈ $2.86 Million	0.170x	+11.18%
2019-12-31	₩24.14 Billion ≈ $16.36 Million	₩3.69 Billion ≈ $2.50 Million	0.153x	+132.33%
2018-12-31	₩14.60 Billion ≈ $9.90 Million	₩-6.90 Billion ≈ $-4.67 Million	-0.472x	-205.32%
2017-12-31	₩27.81 Billion ≈ $18.85 Million	₩-4.30 Billion ≈ $-2.92 Million	-0.155x	+33.13%
2016-12-31	₩26.92 Billion ≈ $18.24 Million	₩-6.23 Billion ≈ $-4.22 Million	-0.231x	-2788.35%
2015-12-31	₩19.09 Billion ≈ $12.94 Million	₩164.29 Million ≈ $111.33K	0.009x	--

About Hana Must SPAC 2

KQ:208370 Korea Medical Devices

Market Cap

$75.64 Million

₩111.61 Billion KRW

Market Cap Rank

#20270 Global

#1175 in Korea

Share Price

₩4340.00

Change (1 day)

-2.03%

52-Week Range

₩3430.00 - ₩6650.00

All Time High

₩12885.20