Worksport Ltd Cash Flow Conversion Efficiency
Worksport Ltd 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.
Cash Flow Conversion Efficiency of Worksport Ltd (2002–2025)
Cash flow conversion efficiency of Worksport Ltd from 2002 to 2025. This chart illustrates how Worksport Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. View WKSP share price today for real-time trading data and today's change.
Worksport Ltd Cash Flow Conversion Ratio Explained
Worksport Ltd cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
Worksport Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Worksport Ltd ranked by their cash flow conversion efficiency. Also see Worksport Ltd (WKSP) total market value for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Stellar AfricaGold Inc.
V:SPX
|
-0.152x |
|
Izolacja Jarocin SA
WAR:IZO
|
-0.020x |
|
Franchise Brands PLC
LSE:FRAN
|
0.043x |
|
Indo Pureco Pratama Tbk PT
JK:IPPE
|
0.000x |
|
Amesite Operating Co
NASDAQ:AMST
|
-0.345x |
|
Sonim Technologies Inc
NASDAQ:SONM
|
1.624x |
|
Liminatus Pharma, Inc. Class A Common Stock
NASDAQ:LIMN
|
-3.227x |
|
Soco Corporation Ltd
AU:SOC
|
-0.288x |
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. Review WKSP free cash flow to operating cash ratio to assess how much free cash flow the company generates relative to operating cash flow.
| 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