Test Research Inc
Test Research, Inc., together with its subsidiaries, designs, assembles, manufactures, sells, repairs, and maintains automated inspection and testing equipment in Asia, America, Europe, and internationally. The company offers optical inspection solutions, including 3D solder paste inspection; pre-reflow and post-reflow automated optical inspection; conformal coating inspection; and automated x-ra… Read more
Test Research Inc (3030) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of December 2025: 0.085x
Based on the latest financial reports, Test Research Inc (3030) has a cash flow conversion efficiency ratio of 0.085x 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$819.28 Million) by net assets (NT$9.60 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Test Research Inc - Cash Flow Conversion Efficiency Trend (2002–2025)
This chart illustrates how Test Research Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Test Research Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Test Research Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Soulbrain Co. Ltd
KQ:357780
|
0.047x |
|
Establishment Labs Holdings Inc
NASDAQ:ESTA
|
-0.688x |
|
GuoChuang Software Co Ltd
SHE:300520
|
0.007x |
|
Seojin System Co.Ltd
KQ:178320
|
-0.054x |
|
SpareBank 1 Østlandet
OL:SPOL
|
-0.018x |
|
Zhejiang Jingu Co Ltd
SHE:002488
|
0.004x |
|
Dlocal Ltd
NASDAQ:DLO
|
0.189x |
|
TS TECH Co., Ltd.
PINK:TTCAF
|
0.031x |
Annual Cash Flow Conversion Efficiency for Test Research Inc (2002–2025)
The table below shows the annual cash flow conversion efficiency of Test Research Inc from 2002 to 2025.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | NT$9.60 Billion | NT$1.72 Billion | 0.179x | +27.82% |
| 2024-12-31 | NT$8.28 Billion | NT$1.16 Billion | 0.140x | -46.42% |
| 2023-12-31 | NT$7.19 Billion | NT$1.88 Billion | 0.261x | +29.43% |
| 2022-12-31 | NT$7.27 Billion | NT$1.47 Billion | 0.202x | +108.12% |
| 2021-12-31 | NT$6.10 Billion | NT$591.41 Million | 0.097x | -50.62% |
| 2020-12-31 | NT$5.70 Billion | NT$1.12 Billion | 0.196x | -22.15% |
| 2019-12-31 | NT$5.38 Billion | NT$1.36 Billion | 0.252x | +115.32% |
| 2018-12-31 | NT$5.35 Billion | NT$626.81 Million | 0.117x | +136.25% |
| 2017-12-31 | NT$5.01 Billion | NT$248.47 Million | 0.050x | -53.99% |
| 2016-12-31 | NT$5.13 Billion | NT$553.03 Million | 0.108x | -9.29% |
| 2015-12-31 | NT$5.69 Billion | NT$675.76 Million | 0.119x | -41.16% |
| 2014-12-31 | NT$5.72 Billion | NT$1.16 Billion | 0.202x | -5.41% |
| 2013-12-31 | NT$5.22 Billion | NT$1.12 Billion | 0.214x | -21.63% |
| 2012-12-31 | NT$5.25 Billion | NT$1.43 Billion | 0.272x | +32.15% |
| 2011-12-31 | NT$4.42 Billion | NT$911.56 Million | 0.206x | +21.64% |
| 2010-12-31 | NT$3.89 Billion | NT$659.46 Million | 0.170x | +64.93% |
| 2009-12-31 | NT$3.11 Billion | NT$319.27 Million | 0.103x | -54.30% |
| 2008-12-31 | NT$3.04 Billion | NT$683.64 Million | 0.225x | -19.54% |
| 2007-12-31 | NT$2.76 Billion | NT$771.25 Million | 0.280x | +28.70% |
| 2006-12-31 | NT$2.15 Billion | NT$466.75 Million | 0.217x | -5.74% |
| 2005-12-31 | NT$1.68 Billion | NT$385.99 Million | 0.230x | +26.05% |
| 2004-12-31 | NT$1.42 Billion | NT$260.25 Million | 0.183x | +205.29% |
| 2003-12-31 | NT$1.02 Billion | NT$61.04 Million | 0.060x | -69.89% |
| 2002-12-31 | NT$865.05 Million | NT$172.02 Million | 0.199x | -- |