Worksport Ltd
Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and … Read more
Worksport Ltd (WKSP) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2025: -0.210x
Based on the latest financial reports, Worksport Ltd (WKSP) has a cash flow conversion efficiency ratio of -0.210x 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 ($-4.26 Million) by net assets ($20.29 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Worksport Ltd - Cash Flow Conversion Efficiency Trend (2002–2024)
This chart illustrates how Worksport Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Worksport Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Worksport Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
CLEANTECH LITH. LS -01
F:T2N
|
N/A |
|
Green River Holding Co Ltd
TWO:8444
|
-0.174x |
|
Gyldendal ASA
OL:GYL
|
-0.206x |
|
Saedong Co.Ltd
KQ:053060
|
0.067x |
|
WooGene B&G Co. Ltd
KQ:018620
|
0.015x |
|
Jooyontech
KO:044380
|
0.014x |
|
NGE Capital Limited
PINK:NGELF
|
0.011x |
|
Voyageur Mineral Explorers Corp
PINK:CPEFF
|
-0.048x |
Annual Cash Flow Conversion Efficiency for Worksport Ltd (2002–2024)
The table below shows the annual cash flow conversion efficiency of Worksport Ltd from 2002 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $17.41 Million | $-10.14 Million | -0.582x | +11.29% |
| 2023-12-31 | $18.18 Million | $-11.93 Million | -0.656x | -98.41% |
| 2022-12-31 | $24.12 Million | $-7.98 Million | -0.331x | -179.40% |
| 2021-12-31 | $34.18 Million | $-4.05 Million | -0.118x | +97.24% |
| 2020-12-31 | $169.47K | $-726.30K | -4.286x | -28639.22% |
| 2019-12-31 | $-882.56K | $-13.25K | 0.015x | -99.11% |
| 2018-12-31 | $-223.56K | $-379.28K | 1.697x | +423.33% |
| 2017-12-31 | $371.53K | $-194.94K | -0.525x | -322.45% |
| 2016-12-31 | $-1.00 Million | $-237.02K | 0.236x | +100.16% |
| 2015-12-31 | $3.72K | $-542.04K | -145.749x | -3522.90% |
| 2014-12-31 | $-7.43K | $-31.65K | 4.258x | +100.22% |
| 2013-12-31 | $10.00 | $-19.66K | -1965.600x | -11430.29% |
| 2012-12-31 | $-1.21K | $-21.03K | 17.348x | +27.30% |
| 2010-12-31 | $-886.00 | $-12.07K | 13.628x | +1427803.55% |
| 2008-12-31 | $-630.78K | $-602.00 | 0.001x | -95.42% |
| 2002-12-31 | $-450.61K | $-9.40K | 0.021x | -- |