Max Zipper Co Ltd (8932) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.083x

Based on the latest financial reports, Max Zipper Co Ltd (8932) has a cash flow conversion efficiency ratio of 0.083x 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$203.00 Million ≈ $6.40 Million USD) by net assets (NT$2.44 Billion ≈ $76.79 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 how leveraged is Max Zipper Co Ltd's balance sheet to measure how much of total assets are equity-financed.

Max Zipper Co Ltd - Cash Flow Conversion Efficiency Trend (2017–2025)

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

Max Zipper Co Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Max Zipper Co Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Stevanato Group SpA NYSE:STVN	0.049x
Cascades Inc. TO:CAS	0.010x
AMAG Austria Metall AG VI:AMAG	0.035x
Railtel Corporation Of India Limited NSE:RAILTEL	-0.095x
Shenzhen Shenbao Industrial Co Ltd SHE:000019	0.106x
Banco Products (I) Limited NSE:BANCOINDIA	0.009x
ZJMI Environmental Energy Co. Ltd. SHG:603071	N/A
Shanxi Blue Flame Holding Co Ltd SHE:000968	0.039x

Annual Cash Flow Conversion Efficiency for Max Zipper Co Ltd (2017–2025)

The table below shows the annual cash flow conversion efficiency of Max Zipper Co Ltd from 2017 to 2025. For the full company profile with market capitalisation and key ratios, see market cap of Max Zipper Co Ltd.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	NT$2.44 Billion ≈ $76.79 Million	NT$791.43 Million ≈ $24.93 Million	0.325x	-26.07%
2024-12-31	NT$1.54 Billion ≈ $48.57 Million	NT$677.15 Million ≈ $21.33 Million	0.439x	+506.03%
2023-12-31	NT$1.00 Billion ≈ $31.53 Million	NT$72.54 Million ≈ $2.29 Million	0.072x	-39.51%
2022-12-31	NT$738.41 Million ≈ $23.26 Million	NT$88.47 Million ≈ $2.79 Million	0.120x	+138.12%
2021-12-31	NT$704.48 Million ≈ $22.19 Million	NT$35.45 Million ≈ $1.12 Million	0.050x	+1.92%
2020-12-31	NT$569.20 Million ≈ $17.93 Million	NT$28.10 Million ≈ $885.27K	0.049x	+176.22%
2019-12-31	NT$612.07 Million ≈ $19.28 Million	NT$10.94 Million ≈ $344.64K	0.018x	+116.06%
2018-12-31	NT$690.30 Million ≈ $21.75 Million	NT$-76.82 Million ≈ $-2.42 Million	-0.111x	-844.92%
2017-12-31	NT$413.35 Million ≈ $13.02 Million	NT$6.17 Million ≈ $194.55K	0.015x	--

About Max Zipper Co Ltd

TWO:8932 Taiwan Apparel Manufacturing

Market Cap

$986.59 Million

NT$31.31 Billion TWD

Market Cap Rank

#8829 Global

#276 in Taiwan

Share Price

NT$88.70

Change (1 day)

+2.42%

52-Week Range

NT$80.10 - NT$241.50

All Time High

NT$241.50