Worksport Ltd (WKSP) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Worksport Ltd (WKSP) has a cash flow conversion efficiency ratio of -0.412x 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 ($-8.23 Million) by net assets ($19.98 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See debt-free asset ratio of Worksport Ltd to measure how much of total assets are equity-financed.
Worksport Ltd - Cash Flow Conversion Efficiency Trend (2002–2025)
This chart illustrates how Worksport Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check WKSP cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
Hunting PLC
LSE:HTG
|
0.046x |
|
Syncona Limited
LSE:SYNC
|
0.006x |
|
Coloured Ties Capital Inc
V:TIE
|
-0.031x |
|
Kentima Holding publ AB
ST:KENH
|
0.127x |
|
Blue Gold Limited Class A Ordinary Shares
NASDAQ:BGL
|
0.010x |
|
Evergreen Lithium Ltd
AU:EG1
|
-0.253x |
|
Tokyo Plast International Limited
NSE:TOKYOPLAST
|
-0.028x |
|
Oceancash Pacific Bhd
KLSE:0049
|
-0.069x |
Annual Cash Flow Conversion Efficiency for Worksport Ltd (2002–2025)
The table below shows the annual cash flow conversion efficiency of Worksport Ltd from 2002 to 2025. For the full company profile with market capitalisation and key ratios, see market value of Worksport Ltd.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $22.93 Million | $-17.31 Million | -0.755x | -29.68% |
| 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 | -- |
About Worksport Ltd
Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in the United States and internationally. It operates through Hard Tonneau Covers and Soft Tonneau Covers segments. 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 provides SOLIS, … Read more