Test Rite International Co Ltd (2908) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.132x

Based on the latest financial reports, Test Rite International Co Ltd (2908) has a cash flow conversion efficiency ratio of 0.132x as of December 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$1.16 Billion ≈ $36.46 Million USD) by net assets (NT$8.77 Billion ≈ $276.36 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See 2908 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Test Rite International Co Ltd - Cash Flow Conversion Efficiency Trend (2000–2025)

This chart illustrates how Test Rite International Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Test Rite International Co Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Test Rite International Co Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Jmicron Technology TWO:4925	0.005x
Miwon Specialty Chemical Co Ltd KO:268280	0.059x
Wonderla Holidays Limited NSE:WONDERLA	0.024x
MPS Limited NSE:MPSLTD	0.176x
BayCom Corp NASDAQ:BCML	0.022x
Phuoc Hoa Rubber JSC VN:PHR	0.033x
AB Traction ST:TRAC-B	0.030x
Xiamen Goldenhome Co Ltd SHG:603180	-0.071x

Annual Cash Flow Conversion Efficiency for Test Rite International Co Ltd (2000–2025)

The table below shows the annual cash flow conversion efficiency of Test Rite International Co Ltd from 2000 to 2025. For the full company profile with market capitalisation and key ratios, see 2908 market cap overview.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	NT$8.77 Billion ≈ $276.36 Million	NT$1.94 Billion ≈ $61.02 Million	0.221x	-29.11%
2024-12-31	NT$7.65 Billion ≈ $240.88 Million	NT$2.38 Billion ≈ $75.02 Million	0.311x	-0.35%
2023-12-31	NT$6.79 Billion ≈ $214.04 Million	NT$2.12 Billion ≈ $66.90 Million	0.313x	+4010.03%
2022-12-31	NT$7.08 Billion ≈ $222.95 Million	NT$-56.56 Million ≈ $-1.78 Million	-0.008x	-103.76%
2021-12-31	NT$6.98 Billion ≈ $220.00 Million	NT$1.48 Billion ≈ $46.77 Million	0.213x	-70.64%
2020-12-31	NT$6.78 Billion ≈ $213.73 Million	NT$4.91 Billion ≈ $154.78 Million	0.724x	+107.89%
2019-12-31	NT$6.44 Billion ≈ $202.79 Million	NT$2.24 Billion ≈ $70.64 Million	0.348x	+162.15%
2018-12-31	NT$7.41 Billion ≈ $233.57 Million	NT$985.08 Million ≈ $31.04 Million	0.133x	+199.69%
2017-12-31	NT$7.67 Billion ≈ $241.72 Million	NT$340.18 Million ≈ $10.72 Million	0.044x	-86.67%
2016-12-31	NT$7.42 Billion ≈ $233.65 Million	NT$2.47 Billion ≈ $77.71 Million	0.333x	+59.93%
2015-12-31	NT$7.43 Billion ≈ $234.07 Million	NT$1.54 Billion ≈ $48.68 Million	0.208x	+772.00%
2014-12-31	NT$7.36 Billion ≈ $231.91 Million	NT$175.54 Million ≈ $5.53 Million	0.024x	-86.96%
2013-12-31	NT$6.79 Billion ≈ $214.02 Million	NT$1.24 Billion ≈ $39.13 Million	0.183x	-64.56%
2012-12-31	NT$6.77 Billion ≈ $213.14 Million	NT$3.49 Billion ≈ $109.97 Million	0.516x	+127.72%
2011-12-31	NT$7.23 Billion ≈ $227.81 Million	NT$1.64 Billion ≈ $51.61 Million	0.227x	+67.24%
2010-12-31	NT$6.73 Billion ≈ $212.14 Million	NT$912.24 Million ≈ $28.74 Million	0.135x	-60.84%
2009-12-31	NT$6.45 Billion ≈ $203.11 Million	NT$2.23 Billion ≈ $70.26 Million	0.346x	+344.19%
2008-12-31	NT$5.91 Billion ≈ $186.24 Million	NT$460.37 Million ≈ $14.50 Million	0.078x	-4.91%
2007-12-31	NT$8.18 Billion ≈ $257.67 Million	NT$669.84 Million ≈ $21.10 Million	0.082x	-79.54%
2006-12-31	NT$8.11 Billion ≈ $255.37 Million	NT$3.24 Billion ≈ $102.22 Million	0.400x	+277.07%
2005-12-31	NT$6.99 Billion ≈ $220.09 Million	NT$-1.58 Billion ≈ $-49.76 Million	-0.226x	-496.68%
2004-12-31	NT$5.85 Billion ≈ $184.31 Million	NT$333.39 Million ≈ $10.50 Million	0.057x	+56.22%
2003-12-31	NT$4.86 Billion ≈ $153.20 Million	NT$177.39 Million ≈ $5.59 Million	0.036x	+115.09%
2002-12-31	NT$5.10 Billion ≈ $160.64 Million	NT$86.48 Million ≈ $2.72 Million	0.017x	-78.85%
2001-12-31	NT$4.24 Billion ≈ $133.72 Million	NT$340.32 Million ≈ $10.72 Million	0.080x	+100.51%
2000-12-31	NT$3.58 Billion ≈ $112.70 Million	NT$143.04 Million ≈ $4.51 Million	0.040x	--

About Test Rite International Co Ltd

TW:2908 Taiwan Home Improvement Retail

Market Cap

$334.14 Million

NT$10.61 Billion TWD

Market Cap Rank

#14423 Global

#618 in Taiwan

Share Price

NT$20.80

Change (1 day)

-1.89%

52-Week Range

NT$19.50 - NT$21.80

All Time High

NT$25.07