Taiwan Mask Corp (2338) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.116x

Based on the latest financial reports, Taiwan Mask Corp (2338) has a cash flow conversion efficiency ratio of 0.116x 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$541.21 Million ≈ $17.05 Million USD) by net assets (NT$4.65 Billion ≈ $146.47 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Taiwan Mask Corp - Cash Flow Conversion Efficiency Trend (2002–2024)

This chart illustrates how Taiwan Mask Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read 2338 liabilities breakdown for a breakdown of total debt and financial obligations.

Taiwan Mask Corp Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Taiwan Mask Corp ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Jiangsu Wanlin Modern Logistic SHG:603117	0.017x
Gladstone Land Corporation NASDAQ:LAND	0.016x
RPG Life Sciences Limited NSE:RPGLIFE	0.020x
Priority Technology Holdings Inc NASDAQ:PRTH	-0.399x
Luxfer Holdings PLC NYSE:LXFR	0.052x
Bhakti Multi Artha Pt JK:BHAT	-0.003x
Shanghai Lisheng Racing Co Ltd SHE:002858	0.016x
Axis Bank Ltd GDR IL:AXB	N/A

Annual Cash Flow Conversion Efficiency for Taiwan Mask Corp (2002–2024)

The table below shows the annual cash flow conversion efficiency of Taiwan Mask Corp from 2002 to 2024. For the full company profile with market capitalisation and key ratios, see how much is Taiwan Mask Corp worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	NT$4.07 Billion ≈ $128.29 Million	NT$1.90 Billion ≈ $59.97 Million	0.467x	+188.92%
2023-12-31	NT$5.05 Billion ≈ $159.08 Million	NT$817.03 Million ≈ $25.74 Million	0.162x	-49.21%
2022-12-31	NT$4.43 Billion ≈ $139.70 Million	NT$1.41 Billion ≈ $44.51 Million	0.319x	+222.54%
2021-12-31	NT$4.87 Billion ≈ $153.44 Million	NT$-1.27 Billion ≈ $-39.89 Million	-0.260x	-1170.03%
2020-12-31	NT$3.42 Billion ≈ $107.64 Million	NT$-69.94 Million ≈ $-2.20 Million	-0.020x	-109.51%
2019-12-31	NT$3.12 Billion ≈ $98.34 Million	NT$671.75 Million ≈ $21.16 Million	0.215x	+447.40%
2018-12-31	NT$2.57 Billion ≈ $81.09 Million	NT$-159.44 Million ≈ $-5.02 Million	-0.062x	-125.67%
2017-12-31	NT$2.48 Billion ≈ $78.11 Million	NT$598.37 Million ≈ $18.85 Million	0.241x	+1642.61%
2016-12-31	NT$3.22 Billion ≈ $101.37 Million	NT$44.56 Million ≈ $1.40 Million	0.014x	-82.96%
2015-12-31	NT$3.62 Billion ≈ $113.98 Million	NT$294.11 Million ≈ $9.27 Million	0.081x	+16.70%
2014-12-31	NT$3.88 Billion ≈ $122.36 Million	NT$270.56 Million ≈ $8.52 Million	0.070x	-35.08%
2013-12-31	NT$3.99 Billion ≈ $125.70 Million	NT$428.14 Million ≈ $13.49 Million	0.107x	-57.51%
2012-12-31	NT$4.10 Billion ≈ $129.09 Million	NT$1.03 Billion ≈ $32.60 Million	0.253x	+131.43%
2011-12-31	NT$4.35 Billion ≈ $137.20 Million	NT$475.17 Million ≈ $14.97 Million	0.109x	-47.41%
2010-12-31	NT$4.63 Billion ≈ $146.00 Million	NT$961.57 Million ≈ $30.29 Million	0.207x	+352.86%
2009-12-31	NT$5.04 Billion ≈ $158.79 Million	NT$230.93 Million ≈ $7.28 Million	0.046x	-89.67%
2008-12-31	NT$5.05 Billion ≈ $159.19 Million	NT$2.24 Billion ≈ $70.64 Million	0.444x	+115.71%
2007-12-31	NT$5.84 Billion ≈ $184.08 Million	NT$1.20 Billion ≈ $37.86 Million	0.206x	-17.42%
2006-12-31	NT$5.45 Billion ≈ $171.77 Million	NT$1.36 Billion ≈ $42.79 Million	0.249x	-0.91%
2005-12-31	NT$5.04 Billion ≈ $158.72 Million	NT$1.27 Billion ≈ $39.90 Million	0.251x	-10.40%
2004-12-31	NT$4.70 Billion ≈ $148.07 Million	NT$1.32 Billion ≈ $41.54 Million	0.281x	+1.06%
2003-12-31	NT$5.25 Billion ≈ $165.37 Million	NT$1.46 Billion ≈ $45.91 Million	0.278x	+1.21%
2002-12-31	NT$5.46 Billion ≈ $171.94 Million	NT$1.50 Billion ≈ $47.17 Million	0.274x	--

About Taiwan Mask Corp

TW:2338 Taiwan Semiconductor Equipment & Materials

Market Cap

$410.22 Million

NT$13.02 Billion TWD

Market Cap Rank

#13559 Global

#513 in Taiwan

Share Price

NT$47.00

Change (1 day)

-0.74%

52-Week Range

NT$27.10 - NT$56.10

All Time High

NT$110.56