Taier Heavy Industry Co Ltd (002347) - Cash Flow Conversion Efficiency

Latest as of September 2023: -0.014x

Based on the latest financial reports, Taier Heavy Industry Co Ltd (002347) has a cash flow conversion efficiency ratio of -0.014x as of September 2023. 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 (CN¥-17.23 Million ≈ $-2.52 Million USD) by net assets (CN¥1.26 Billion ≈ $184.67 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Taier Heavy Industry Co Ltd balance sheet quality to measure how much of total assets are equity-financed.

Taier Heavy Industry Co Ltd - Cash Flow Conversion Efficiency Trend (2006–2024)

This chart illustrates how Taier Heavy Industry Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check earnings quality score of Taier Heavy Industry Co Ltd to evaluate the quality of earnings relative to operating cash generation.

Taier Heavy Industry Co Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Taier Heavy Industry Co Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Heidelberger Druckmaschinen Aktiengesellschaft F:HDD	-0.009x
Trade-Van Information Services Co TW:6183	0.038x
Nouveau Monde Graphite Inc NYSE:NMG	-0.133x
Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited F:GU5	0.050x
Coca-Cola Europacific Partners PLC LSE:CCEP	0.233x
Menivim The New REIT Ltd TA:MNRT	0.010x
Fanli Digital Technology Co Ltd SHG:600228	-0.081x
Ram Ratna Wires Limited NSE:RAMRAT	0.019x

Annual Cash Flow Conversion Efficiency for Taier Heavy Industry Co Ltd (2006–2024)

The table below shows the annual cash flow conversion efficiency of Taier Heavy Industry Co Ltd from 2006 to 2024. For the full company profile with market capitalisation and key ratios, see 002347 company net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	CN¥1.24 Billion ≈ $181.69 Million	CN¥-2.79 Million ≈ $-408.65K	-0.002x	-103.43%
2023-12-31	CN¥1.22 Billion ≈ $178.67 Million	CN¥80.13 Million ≈ $11.73 Million	0.066x	-23.77%
2022-12-31	CN¥1.26 Billion ≈ $184.72 Million	CN¥108.68 Million ≈ $15.90 Million	0.086x	+81.96%
2021-12-31	CN¥1.37 Billion ≈ $201.09 Million	CN¥65.02 Million ≈ $9.51 Million	0.047x	-15.60%
2020-12-31	CN¥1.17 Billion ≈ $170.61 Million	CN¥65.36 Million ≈ $9.56 Million	0.056x	-30.01%
2019-12-31	CN¥1.18 Billion ≈ $172.09 Million	CN¥94.19 Million ≈ $13.78 Million	0.080x	+10666.70%
2018-12-31	CN¥1.15 Billion ≈ $168.16 Million	CN¥854.86K ≈ $125.09K	0.001x	+102.08%
2017-12-31	CN¥1.13 Billion ≈ $165.96 Million	CN¥-40.64 Million ≈ $-5.95 Million	-0.036x	-1026.49%
2016-12-31	CN¥1.22 Billion ≈ $178.84 Million	CN¥4.73 Million ≈ $691.71K	0.004x	+6.57%
2015-12-31	CN¥1.21 Billion ≈ $177.27 Million	CN¥4.40 Million ≈ $643.36K	0.004x	-92.50%
2014-12-31	CN¥1.21 Billion ≈ $176.57 Million	CN¥58.41 Million ≈ $8.55 Million	0.048x	+31.42%
2011-12-31	CN¥843.72 Million ≈ $123.46 Million	CN¥31.07 Million ≈ $4.55 Million	0.037x	+180.19%
2010-12-31	CN¥802.67 Million ≈ $117.46 Million	CN¥10.55 Million ≈ $1.54 Million	0.013x	-94.99%
2009-12-31	CN¥203.92 Million ≈ $29.84 Million	CN¥53.52 Million ≈ $7.83 Million	0.262x	-24.72%
2008-12-31	CN¥158.57 Million ≈ $23.20 Million	CN¥55.28 Million ≈ $8.09 Million	0.349x	+290.41%
2007-12-31	CN¥103.63 Million ≈ $15.16 Million	CN¥9.25 Million ≈ $1.35 Million	0.089x	-83.62%
2006-12-31	CN¥38.51 Million ≈ $5.64 Million	CN¥21.00 Million ≈ $3.07 Million	0.545x	--

About Taier Heavy Industry Co Ltd

SHE:002347 China Specialty Industrial Machinery

Market Cap

$434.26 Million

CN¥2.97 Billion CNY

Market Cap Rank

#12837 Global

#3742 in China

Share Price

CN¥5.88

Change (1 day)

+4.63%

52-Week Range

CN¥5.03 - CN¥13.72

All Time High

CN¥13.72