Iron Force Industrial Co Ltd (2228) - 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.
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. Read 2228 liabilities breakdown for a breakdown of total debt and financial obligations.
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.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Meteoric Resources NL
F:RNF
|
-0.820x |
|
StealthGas Inc
F:S6W
|
0.040x |
|
Paik Kwang Ind
KO:001340
|
0.021x |
|
Jin Air Co Ltd
KO:272450
|
0.154x |
|
PETROTAL CORP.
F:SER1
|
N/A |
|
T'way Air Co Ltd
KO:091810
|
0.196x |
|
Leadtek Research Inc
TW:2465
|
-0.338x |
|
Teixeira Duarte
LS:TDSA
|
0.035x |
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. For the full company profile with market capitalisation and key ratios, see 2228 market cap.
| 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
Iron Force Industrial Co., Ltd., together with its subsidiaries, manufactures and trades in airbag inflators for automotive safety systems in Taiwan and internationally. Its auto parts include airbag inflators and precision metal parts for automotive safety systems; steering columns/shafts and diesel engine cooling pipes; high precision metal tubes for seatbelt retractor/pre-tensioner systems; in… Read more