Iron Force Industrial Co Ltd Cash Flow Conversion Efficiency

Latest as of September 2025: 0.080x

Iron Force Industrial Co Ltd cash flow conversion efficiency. 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.

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

Cash flow conversion efficiency of Iron Force Industrial Co Ltd from 2009 to 2024. This chart illustrates how Iron Force Industrial Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Iron Force Industrial Co Ltd stock price for real-time trading data and today's change.

Iron Force Industrial Co Ltd Cash Flow Conversion Ratio Explained

Iron Force Industrial Co Ltd cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

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. Also see market value of Iron Force Industrial Co Ltd for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
Sierra Metals Inc. TO:SMT	0.249x
SAMYANG NC Chem KQ:482630	0.012x
Kukdo Chemical KO:007690	-0.015x
Brightcom Group Limited NSE:BCG	0.003x
SC II Acquisition Corp. Class A ordinary share NASDAQ:SCII	-0.001x
LWSABAH KLSE:5328	N/A
Polytronics Technology Corp TW:6224	0.010x
Hi-Clearance TWO:1788	0.036x

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. Review 2228 free cash flow to operating cash ratio to assess how much free cash flow the company generates relative to operating cash flow.

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

$178.21 Million

NT$5.66 Billion TWD

Market Cap Rank

#16790 Global

#832 in Taiwan

Share Price

NT$70.90

Change (1 day)

-0.42%

52-Week Range

NT$68.00 - NT$111.50

All Time High

NT$194.08