Mustang Industrial (5460) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.024x

Based on the latest financial reports, Mustang Industrial (5460) has a cash flow conversion efficiency ratio of 0.024x 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$17.60 Million ≈ $554.40K USD) by net assets (NT$726.59 Million ≈ $22.89 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Mustang Industrial - Cash Flow Conversion Efficiency Trend (2017–2025)

This chart illustrates how Mustang Industrial's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read 5460 total liabilities for a breakdown of total debt and financial obligations.

Mustang Industrial Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Mustang Industrial ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Shanyuan Co Ltd TWO:4416	-0.097x
Tekom Technologies TWO:6294	0.034x
US Global Investors Inc NASDAQ:GROW	0.006x
Victory New Materials Ltd Co TW:1340	-0.013x
Asiamet Resources Ltd F:0FK	-4.045x
Happy Creek Minerals Ltd V:HPY	-0.016x
Altech Chemicals Ltd F:A3Y	N/A
TOP Ships Inc. NASDAQ:TOPS	0.110x

Annual Cash Flow Conversion Efficiency for Mustang Industrial (2017–2025)

The table below shows the annual cash flow conversion efficiency of Mustang Industrial from 2017 to 2025. For the full company profile with market capitalisation and key ratios, see 5460 stock market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	NT$726.59 Million ≈ $22.89 Million	NT$37.83 Million ≈ $1.19 Million	0.052x	+38.01%
2024-12-31	NT$735.08 Million ≈ $23.16 Million	NT$27.73 Million ≈ $873.65K	0.038x	-56.06%
2023-12-31	NT$710.67 Million ≈ $22.39 Million	NT$61.01 Million ≈ $1.92 Million	0.086x	-34.62%
2022-12-31	NT$729.53 Million ≈ $22.98 Million	NT$95.80 Million ≈ $3.02 Million	0.131x	+220.24%
2021-12-31	NT$743.86 Million ≈ $23.44 Million	NT$30.50 Million ≈ $960.98K	0.041x	-80.56%
2020-12-31	NT$777.18 Million ≈ $24.49 Million	NT$163.94 Million ≈ $5.16 Million	0.211x	+52.23%
2019-12-31	NT$811.79 Million ≈ $25.58 Million	NT$112.49 Million ≈ $3.54 Million	0.139x	+2.76%
2018-12-31	NT$909.16 Million ≈ $28.64 Million	NT$122.59 Million ≈ $3.86 Million	0.135x	+48.69%
2017-12-31	NT$926.02 Million ≈ $29.17 Million	NT$83.97 Million ≈ $2.65 Million	0.091x	--

About Mustang Industrial

TWO:5460 Taiwan Metal Fabrication

Market Cap

$27.78 Million

NT$881.67 Million TWD

Market Cap Rank

#23953 Global

#1514 in Taiwan

Share Price

NT$15.00

Change (1 day)

+0.00%

52-Week Range

NT$13.40 - NT$18.15

All Time High

NT$22.70