Worksport Ltd (WKSP) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Worksport Ltd (WKSP) has a cash flow conversion efficiency ratio of -0.267x as of December 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 ($-6.12 Million) by net assets ($22.93 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 (2002–2025)
This chart illustrates how Worksport Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Worksport Ltd balance sheet liabilities for a breakdown of total debt and financial obligations.
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 |
|---|---|
|
SL Private Equity
LSE:SLPE
|
-0.001x |
|
Inotiv Inc
NASDAQ:NOTV
|
-0.050x |
|
Finsbury Growth & Income Trust
LSE:FGT
|
0.013x |
|
Artemis Resources Ltd
AU:ARV
|
-0.059x |
|
Atlantis Yatirim Holding AS
IS:ATSYH
|
-0.001x |
|
Patriot Resources Ltd
AU:PAT
|
0.050x |
|
S. Pack & Print Public Company Limited
BK:SPACK
|
0.027x |
|
Multibax Public Company Limited
BK:MBAX
|
0.159x |
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 Worksport Ltd market capitalisation.
| 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 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