Iron Force Industrial Co Ltd (2228) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.080x

Based on the latest financial reports, Iron Force Industrial Co Ltd (2228) has a cash flow conversion efficiency ratio of 0.080x 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$378.85 Million ≈ $11.94 Million USD) by net assets (NT$4.74 Billion ≈ $149.23 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 2228 market cap for the company's overall valuation and market capitalisation.

Iron Force Industrial Co Ltd - Cash Flow Conversion Efficiency Trend (2009–2024)

This chart illustrates how Iron Force Industrial Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Iron Force Industrial Co Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Iron Force Industrial Co Ltd ranked by their cash flow conversion efficiency. Explore earnings quality score of Iron Force Industrial Co Ltd to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
Gulf Island Fabrication Inc NASDAQ:GIFI	0.030x
In The F KO:014990	0.009x
Syncom Formulations (India) Limited NSE:SYNCOMF	0.008x
Capstone Energy Plus, Inc. Common Stock NASDAQ:CEPL	0.182x
SOL-GEL TECHN. IS-10 F:4SG	N/A
Formosa Oilseed Processing Co Ltd TW:1225	-0.011x
Rico Auto Industries Limited NSE:RICOAUTO	0.190x
Humedix Co Ltd KQ:200670	0.019x

Annual Cash Flow Conversion Efficiency for Iron Force Industrial Co Ltd (2009–2024)

The table below shows the annual cash flow conversion efficiency of Iron Force Industrial Co Ltd from 2009 to 2024. View Iron Force Industrial Co Ltd (2228) share price today for real-time trading data and today's change.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	NT$5.25 Billion ≈ $165.33 Million	NT$474.66 Million ≈ $14.95 Million	0.090x	-69.48%
2023-12-31	NT$4.36 Billion ≈ $137.48 Million	NT$1.29 Billion ≈ $40.74 Million	0.296x	+527.65%
2022-12-31	NT$4.16 Billion ≈ $131.18 Million	NT$196.58 Million ≈ $6.19 Million	0.047x	-43.17%
2021-12-31	NT$3.80 Billion ≈ $119.59 Million	NT$315.36 Million ≈ $9.94 Million	0.083x	+25.93%
2020-12-31	NT$3.68 Billion ≈ $115.99 Million	NT$242.90 Million ≈ $7.65 Million	0.066x	-61.68%
2019-12-31	NT$3.94 Billion ≈ $124.28 Million	NT$679.17 Million ≈ $21.40 Million	0.172x	+20.59%
2018-12-31	NT$3.76 Billion ≈ $118.58 Million	NT$537.40 Million ≈ $16.93 Million	0.143x	-25.11%
2017-12-31	NT$3.75 Billion ≈ $118.09 Million	NT$714.62 Million ≈ $22.51 Million	0.191x	-10.09%
2016-12-31	NT$3.66 Billion ≈ $115.24 Million	NT$775.65 Million ≈ $24.44 Million	0.212x	-8.42%
2015-12-31	NT$3.34 Billion ≈ $105.11 Million	NT$772.51 Million ≈ $24.34 Million	0.232x	+15.04%
2014-12-31	NT$2.60 Billion ≈ $81.82 Million	NT$522.74 Million ≈ $16.47 Million	0.201x	+28.89%
2013-12-31	NT$2.29 Billion ≈ $72.25 Million	NT$358.09 Million ≈ $11.28 Million	0.156x	-0.60%
2012-12-31	NT$1.57 Billion ≈ $49.49 Million	NT$246.80 Million ≈ $7.78 Million	0.157x	+37.15%
2011-12-31	NT$1.65 Billion ≈ $52.14 Million	NT$189.56 Million ≈ $5.97 Million	0.115x	+58.61%
2010-12-31	NT$1.37 Billion ≈ $43.28 Million	NT$99.21 Million ≈ $3.13 Million	0.072x	-39.09%
2009-12-31	NT$1.26 Billion ≈ $39.78 Million	NT$149.69 Million ≈ $4.72 Million	0.119x	--

About Iron Force Industrial Co Ltd

TW:2228 Taiwan Auto Parts

Market Cap

$188.26 Million

NT$5.98 Billion TWD

Market Cap Rank

#16851 Global

#815 in Taiwan

Share Price

NT$74.90

Change (1 day)

+0.00%

52-Week Range

NT$73.60 - NT$118.50

All Time High

NT$194.08