Forward Graphic Enterprise Co Ltd (8906) - Cash Flow Conversion Efficiency

Latest as of December 2025: -0.039x

Based on the latest financial reports, Forward Graphic Enterprise Co Ltd (8906) has a cash flow conversion efficiency ratio of -0.039x 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$-18.51 Million ≈ $-583.07K USD) by net assets (NT$471.47 Million ≈ $14.85 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 8906 equity to assets ratio to measure how much of total assets are equity-financed.

Forward Graphic Enterprise Co Ltd - Cash Flow Conversion Efficiency Trend (2017–2025)

This chart illustrates how Forward Graphic Enterprise Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check 8906 cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.

Forward Graphic Enterprise Co Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Forward Graphic Enterprise Co Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Wonpoong Corporation KQ:008370	0.052x
Phenom Resources Corp V:PHNM	-0.007x
Indonesia Pondasi Raya Tbk PT JK:IDPR	0.010x
SBF AG F:CY1K	N/A
Horizon Space Acquisition II Corp. Ordinary share NASDAQ:HSPT	-1.741x
Satria Mega Kencana Tbk PT JK:SOTS	-0.009x
Panorama Sentrawisata Tbk JK:PANR	0.015x
P&K Skin Research Center Co. Ltd KQ:347740	0.021x

Annual Cash Flow Conversion Efficiency for Forward Graphic Enterprise Co Ltd (2017–2025)

The table below shows the annual cash flow conversion efficiency of Forward Graphic Enterprise Co Ltd from 2017 to 2025. For the full company profile with market capitalisation and key ratios, see Forward Graphic Enterprise Co Ltd stock valuation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	NT$471.47 Million ≈ $14.85 Million	NT$-45.97 Million ≈ $-1.45 Million	-0.098x	-250.85%
2024-12-31	NT$470.77 Million ≈ $14.83 Million	NT$-13.08 Million ≈ $-412.19K	-0.028x	+42.89%
2023-12-31	NT$473.97 Million ≈ $14.93 Million	NT$-23.07 Million ≈ $-726.67K	-0.049x	-402.68%
2022-12-31	NT$358.39 Million ≈ $11.29 Million	NT$5.76 Million ≈ $181.53K	0.016x	+255.82%
2021-12-31	NT$364.99 Million ≈ $11.50 Million	NT$-3.77 Million ≈ $-118.65K	-0.010x	-130.93%
2020-12-31	NT$363.96 Million ≈ $11.47 Million	NT$12.14 Million ≈ $382.48K	0.033x	+180.93%
2019-12-31	NT$361.24 Million ≈ $11.38 Million	NT$4.29 Million ≈ $135.13K	0.012x	+927.21%
2018-12-31	NT$350.44 Million ≈ $11.04 Million	NT$-503.00K ≈ $-15.85K	-0.001x	-111.68%
2017-12-31	NT$347.51 Million ≈ $10.95 Million	NT$4.27 Million ≈ $134.50K	0.012x	--

About Forward Graphic Enterprise Co Ltd

TWO:8906 Taiwan Specialty Business Services

Market Cap

$34.00 Million

NT$1.08 Billion TWD

Market Cap Rank

#23263 Global

#1453 in Taiwan

Share Price

NT$25.60

Change (1 day)

+2.20%

52-Week Range

NT$23.50 - NT$39.90

All Time High

NT$62.10