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 equity financing ratio to measure how much of total assets are equity-financed.

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. Check cash flow quality index of Hai Kwang Enterprise Corp to evaluate the quality of earnings relative to operating cash generation.

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
Hainan Airlines Co Ltd B SHG:900945	0.424x
SRV Group plc HE:SRV1V	0.076x
Marshall Monteagle PLC JSE:MMP	-0.042x
Tacheng Real Estate Co Ltd TWO:6171	-0.098x
Billion Electric Co Ltd TW:3027	0.026x
CHAPEL DOWN GRP PLC LS-05 F:1U6	N/A
Shanghai Shibei Hi-Tech Co Ltd B SHG:900902	-0.011x
Sekar Laut Tbk JK:SKLT	-0.004x

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 Hai Kwang Enterprise Corp (2038) market capitalisation.

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

$74.62 Million

NT$2.37 Billion TWD

Market Cap Rank

#20258 Global

#1185 in Taiwan

Share Price

NT$12.20

Change (1 day)

+0.83%

52-Week Range

NT$12.10 - NT$16.65

All Time High

NT$59.17