TOPBI International Holdings Ltd (2929) - Cash Flow Conversion Efficiency

Latest as of December 2025: -0.042x

Based on the latest financial reports, TOPBI International Holdings Ltd (2929) has a cash flow conversion efficiency ratio of -0.042x 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$-114.14 Million ≈ $-3.60 Million USD) by net assets (NT$2.74 Billion ≈ $86.35 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 TOPBI International Holdings Ltd net asset quality index to measure how much of total assets are equity-financed.

TOPBI International Holdings Ltd - Cash Flow Conversion Efficiency Trend (2012–2025)

This chart illustrates how TOPBI International Holdings Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check TOPBI International Holdings Ltd (2929) cash flow quality to evaluate the quality of earnings relative to operating cash generation.

TOPBI International Holdings Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of TOPBI International Holdings Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Gensight Biologics SA PA:SIGHT	0.260x
Israel China Biotechnology (ICB) Ltd TA:ICB	-0.415x
Dong Il Steel MFG Co Ltd KO:002690	-0.025x
Premium Catering (Holdings) Limited NASDAQ:PC	N/A
Cashlez Worldwide Indonesia Tbk JK:CASH	0.596x
AIRA Factoring Public Company Limited BK:AF	-0.265x
Bangkok Union Insurance Public Co. Ltd. BK:BUI	0.024x
Alumil Rom Industry SA RO:ALU	-0.072x

Annual Cash Flow Conversion Efficiency for TOPBI International Holdings Ltd (2012–2025)

The table below shows the annual cash flow conversion efficiency of TOPBI International Holdings Ltd from 2012 to 2025. For the full company profile with market capitalisation and key ratios, see 2929 market cap.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	NT$2.74 Billion ≈ $86.35 Million	NT$-96.73 Million ≈ $-3.05 Million	-0.035x	-227.88%
2024-12-31	NT$2.91 Billion ≈ $91.80 Million	NT$80.42 Million ≈ $2.53 Million	0.028x	+7312.41%
2023-12-31	NT$2.80 Billion ≈ $88.26 Million	NT$1.04 Million ≈ $32.86K	0.000x	+101.01%
2022-12-31	NT$2.92 Billion ≈ $92.06 Million	NT$-107.54 Million ≈ $-3.39 Million	-0.037x	+92.19%
2021-12-31	NT$2.75 Billion ≈ $86.62 Million	NT$-1.30 Billion ≈ $-40.82 Million	-0.471x	-27.10%
2020-12-31	NT$3.49 Billion ≈ $109.95 Million	NT$-1.29 Billion ≈ $-40.77 Million	-0.371x	-283.13%
2019-12-31	NT$5.67 Billion ≈ $178.61 Million	NT$1.15 Billion ≈ $36.17 Million	0.202x	+2.53%
2018-12-31	NT$4.97 Billion ≈ $156.56 Million	NT$981.33 Million ≈ $30.92 Million	0.197x	-6.18%
2017-12-31	NT$4.50 Billion ≈ $141.91 Million	NT$948.14 Million ≈ $29.87 Million	0.210x	+8.75%
2016-12-31	NT$3.74 Billion ≈ $117.89 Million	NT$724.24 Million ≈ $22.82 Million	0.194x	-19.20%
2015-12-31	NT$3.53 Billion ≈ $111.09 Million	NT$844.64 Million ≈ $26.61 Million	0.240x	-11.41%
2014-12-31	NT$3.13 Billion ≈ $98.75 Million	NT$847.52 Million ≈ $26.70 Million	0.270x	+106.40%
2013-12-31	NT$2.52 Billion ≈ $79.30 Million	NT$329.72 Million ≈ $10.39 Million	0.131x	-76.16%
2012-12-31	NT$979.25 Million ≈ $30.85 Million	NT$538.19 Million ≈ $16.96 Million	0.550x	--

About TOPBI International Holdings Ltd

TW:2929 Taiwan Apparel Manufacturing

Market Cap

$19.46 Million

NT$617.55 Million TWD

Market Cap Rank

#25145 Global

#1559 in Taiwan

Share Price

NT$5.64

Change (1 day)

+0.89%

52-Week Range

NT$5.17 - NT$10.15

All Time High

NT$81.73