Hai Kwang Enterprise Corp (2038) - Cash Flow Conversion Efficiency

Latest as of March 2026: 0.183x

Based on the latest financial reports, Hai Kwang Enterprise Corp (2038) has a cash flow conversion efficiency ratio of 0.183x 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 (NT$735.70 Million ≈ $23.18 Million USD) by net assets (NT$4.02 Billion ≈ $126.67 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see 2038 stock market capitalisation for the company's overall valuation and market capitalisation.

Hai Kwang Enterprise Corp - Cash Flow Conversion Efficiency Trend (2008–2025)

This chart illustrates how Hai Kwang Enterprise Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Hai Kwang Enterprise Corp Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Hai Kwang Enterprise Corp ranked by their cash flow conversion efficiency. Explore how high is Hai Kwang Enterprise Corp's earnings quality to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
5E Advanced Materials Inc AU:5EA	-0.057x
Vissem Electronics Co. Ltd KQ:072950	0.023x
Kelly Services B Inc NASDAQ:KELYB	0.050x
Gowa Makassar Tourism Develop JK:GMTD	-0.016x
kenturn Nano Tec Co Ltd TWO:4561	-0.005x
ORIENTBIO Inc. KO:002630	0.026x
Gain Therapeutics Inc NASDAQ:GANX	-0.330x
Brii Biosciences Limited F:7SS	N/A

Annual Cash Flow Conversion Efficiency for Hai Kwang Enterprise Corp (2008–2025)

The table below shows the annual cash flow conversion efficiency of Hai Kwang Enterprise Corp from 2008 to 2025. View 2038 live share price for real-time trading data and today's change.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	NT$3.99 Billion ≈ $125.68 Million	NT$374.43 Million ≈ $11.80 Million	0.094x	+235.02%
2024-12-31	NT$4.21 Billion ≈ $132.49 Million	NT$-292.36 Million ≈ $-9.21 Million	-0.070x	-350.49%
2023-12-31	NT$3.96 Billion ≈ $124.72 Million	NT$109.87 Million ≈ $3.46 Million	0.028x	+139.89%
2022-12-31	NT$3.95 Billion ≈ $124.36 Million	NT$45.67 Million ≈ $1.44 Million	0.012x	-96.18%
2021-12-31	NT$3.91 Billion ≈ $123.22 Million	NT$1.18 Billion ≈ $37.33 Million	0.303x	+2049.51%
2020-12-31	NT$3.54 Billion ≈ $111.54 Million	NT$-55.02 Million ≈ $-1.73 Million	-0.016x	-114.48%
2019-12-31	NT$3.45 Billion ≈ $108.63 Million	NT$369.91 Million ≈ $11.65 Million	0.107x	+148.52%
2018-12-31	NT$3.72 Billion ≈ $117.35 Million	NT$-823.64 Million ≈ $-25.95 Million	-0.221x	+24.78%
2017-12-31	NT$4.22 Billion ≈ $132.99 Million	NT$-1.24 Billion ≈ $-39.10 Million	-0.294x	-228.41%
2016-12-31	NT$3.77 Billion ≈ $118.83 Million	NT$863.47 Million ≈ $27.20 Million	0.229x	-55.86%
2015-12-31	NT$2.94 Billion ≈ $92.65 Million	NT$1.53 Billion ≈ $48.06 Million	0.519x	+481.22%
2014-12-31	NT$3.15 Billion ≈ $99.30 Million	NT$-428.84 Million ≈ $-13.51 Million	-0.136x	-164.78%
2013-12-31	NT$3.30 Billion ≈ $104.00 Million	NT$693.35 Million ≈ $21.84 Million	0.210x	+244.48%
2012-12-31	NT$3.21 Billion ≈ $100.99 Million	NT$-466.01 Million ≈ $-14.68 Million	-0.145x	-174.19%
2011-12-31	NT$3.31 Billion ≈ $104.32 Million	NT$648.82 Million ≈ $20.44 Million	0.196x	+495.88%
2010-12-31	NT$2.96 Billion ≈ $93.30 Million	NT$-146.59 Million ≈ $-4.62 Million	-0.049x	+67.98%
2009-12-31	NT$2.93 Billion ≈ $92.24 Million	NT$-452.51 Million ≈ $-14.26 Million	-0.155x	-128.62%
2008-12-31	NT$3.05 Billion ≈ $96.00 Million	NT$1.65 Billion ≈ $51.85 Million	0.540x	--

About Hai Kwang Enterprise Corp

TW:2038 Taiwan Steel

Market Cap

$73.40 Million

NT$2.33 Billion TWD

Market Cap Rank

#20480 Global

#1203 in Taiwan

Share Price

NT$12.00

Change (1 day)

+2.13%

52-Week Range

NT$11.75 - NT$16.55

All Time High

NT$59.17