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. See 2038 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

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.

Company	Cash Flow Conversion Efficiency
Phenixfin Corporation NASDAQ:PFX	0.000x
Coloray International Investment Co. Ltd KQ:900310	0.003x
Quantum Graphite Ltd AU:QGL	-0.115x
Freetrailer Group A/S ST:FREETR	-0.022x
DENARIUS METALS CORP. F:T7C0	-0.039x
SUN KWANG CO.Ltd KQ:003100	0.035x
Columbus Acquisition Corp Unit NASDAQ:COLAU	-0.002x
Bamboo Capital JSC VN:BCG	0.044x

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. For the full company profile with market capitalisation and key ratios, see market cap of Hai Kwang Enterprise Corp.

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

$84.71 Million

NT$2.69 Billion TWD

Market Cap Rank

#19916 Global

#1176 in Taiwan

Share Price

NT$13.85

Change (1 day)

-0.36%

52-Week Range

NT$13.00 - NT$16.65

All Time High

NT$59.17