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

Latest as of September 2025: -0.032x

Based on the latest financial reports, Hai Kwang Enterprise Corp (2038) has a cash flow conversion efficiency ratio of -0.032x as of September 2025. 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$-131.95 Million ≈ $-4.16 Million USD) by net assets (NT$4.12 Billion ≈ $129.84 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Hai Kwang Enterprise Corp - Cash Flow Conversion Efficiency Trend (2008–2024)

This chart illustrates how Hai Kwang Enterprise Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read 2038 total liabilities for a breakdown of total debt and financial obligations.

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
Tycoons Group Enterprise Co Ltd TW:2022	-0.058x
Biomea Fusion Inc NASDAQ:BMEA	-0.780x
AGF A/S CO:AGF-B	-0.067x
JASTECH Ltd KQ:090470	0.083x
Arena Bilgisayar Sanayi ve Ticaret AS IS:ARENA	0.621x
AI TRANSPORTATION ACQUISITION CORP Ordinary shares NASDAQ:AITR	-0.002x
Airtasker Ltd AU:ART	1.179x
IF Bancorp Inc NASDAQ:IROQ	0.018x

Annual Cash Flow Conversion Efficiency for Hai Kwang Enterprise Corp (2008–2024)

The table below shows the annual cash flow conversion efficiency of Hai Kwang Enterprise Corp from 2008 to 2024. 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
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

$86.24 Million

NT$2.74 Billion TWD

Market Cap Rank

#19746 Global

#1138 in Taiwan

Share Price

NT$14.10

Change (1 day)

-1.05%

52-Week Range

NT$13.00 - NT$16.80

All Time High

NT$59.17