Test Research Inc (3030) - Cash Flow Conversion Efficiency

Latest as of March 2026: 0.050x

Based on the latest financial reports, Test Research Inc (3030) has a cash flow conversion efficiency ratio of 0.050x as of March 2026. 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$519.72 Million ≈ $16.37 Million USD) by net assets (NT$10.46 Billion ≈ $329.61 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Check Test Research Inc (3030) strategic investment index to assess the company's strategic physical and investment asset allocation.

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. See net assets of Test Research Inc for net asset value and shareholders' equity analysis.

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
Yantai Eddie Precision Mach SHG:603638	0.058x
Acer Inc TW:2353	-0.033x
Seacoast Banking Corporation of Florida NASDAQ:SBCF	0.010x
Corporación Inmobiliaria Vesta S.A.B. de C.V MX:VESTA	0.009x
Auras Technology Co Ltd TWO:3324	-0.044x
Bel Fuse B Inc NASDAQ:BELFB	0.026x
Chicony Electronics Co Ltd TW:2385	0.036x
INVENTURUS KNOWLEDGE SO L NSE:IKS	0.053x

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. For the full company profile with market capitalisation and key ratios, see market value of Test Research Inc.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	NT$9.60 Billion ≈ $302.58 Million	NT$1.72 Billion ≈ $54.16 Million	0.179x	+27.82%
2024-12-31	NT$8.28 Billion ≈ $260.90 Million	NT$1.16 Billion ≈ $36.53 Million	0.140x	-46.42%
2023-12-31	NT$7.19 Billion ≈ $226.39 Million	NT$1.88 Billion ≈ $59.16 Million	0.261x	+29.43%
2022-12-31	NT$7.27 Billion ≈ $228.95 Million	NT$1.47 Billion ≈ $46.23 Million	0.202x	+108.12%
2021-12-31	NT$6.10 Billion ≈ $192.07 Million	NT$591.41 Million ≈ $18.63 Million	0.097x	-50.62%
2020-12-31	NT$5.70 Billion ≈ $179.65 Million	NT$1.12 Billion ≈ $35.29 Million	0.196x	-22.15%
2019-12-31	NT$5.38 Billion ≈ $169.58 Million	NT$1.36 Billion ≈ $42.79 Million	0.252x	+115.32%
2018-12-31	NT$5.35 Billion ≈ $168.51 Million	NT$626.81 Million ≈ $19.75 Million	0.117x	+136.25%
2017-12-31	NT$5.01 Billion ≈ $157.81 Million	NT$248.47 Million ≈ $7.83 Million	0.050x	-53.99%
2016-12-31	NT$5.13 Billion ≈ $161.60 Million	NT$553.03 Million ≈ $17.42 Million	0.108x	-9.29%
2015-12-31	NT$5.69 Billion ≈ $179.12 Million	NT$675.76 Million ≈ $21.29 Million	0.119x	-41.16%
2014-12-31	NT$5.72 Billion ≈ $180.16 Million	NT$1.16 Billion ≈ $36.39 Million	0.202x	-5.41%
2013-12-31	NT$5.22 Billion ≈ $164.50 Million	NT$1.12 Billion ≈ $35.13 Million	0.214x	-21.63%
2012-12-31	NT$5.25 Billion ≈ $165.36 Million	NT$1.43 Billion ≈ $45.06 Million	0.272x	+32.15%
2011-12-31	NT$4.42 Billion ≈ $139.28 Million	NT$911.56 Million ≈ $28.72 Million	0.206x	+21.64%
2010-12-31	NT$3.89 Billion ≈ $122.56 Million	NT$659.46 Million ≈ $20.78 Million	0.170x	+64.93%
2009-12-31	NT$3.11 Billion ≈ $97.86 Million	NT$319.27 Million ≈ $10.06 Million	0.103x	-54.30%
2008-12-31	NT$3.04 Billion ≈ $95.76 Million	NT$683.64 Million ≈ $21.54 Million	0.225x	-19.54%
2007-12-31	NT$2.76 Billion ≈ $86.92 Million	NT$771.25 Million ≈ $24.30 Million	0.280x	+28.70%
2006-12-31	NT$2.15 Billion ≈ $67.70 Million	NT$466.75 Million ≈ $14.71 Million	0.217x	-5.74%
2005-12-31	NT$1.68 Billion ≈ $52.78 Million	NT$385.99 Million ≈ $12.16 Million	0.230x	+26.05%
2004-12-31	NT$1.42 Billion ≈ $44.85 Million	NT$260.25 Million ≈ $8.20 Million	0.183x	+205.29%
2003-12-31	NT$1.02 Billion ≈ $32.12 Million	NT$61.04 Million ≈ $1.92 Million	0.060x	-69.89%
2002-12-31	NT$865.05 Million ≈ $27.25 Million	NT$172.02 Million ≈ $5.42 Million	0.199x	--

About Test Research Inc

TW:3030 Taiwan Scientific & Technical Instruments

Market Cap

$2.97 Billion

NT$94.37 Billion TWD

Market Cap Rank

#5059 Global

#151 in Taiwan

Share Price

NT$399.50

Change (1 day)

-2.44%

52-Week Range

NT$113.00 - NT$419.50

All Time High

NT$419.50