Test Research, Inc. (TPE:3030)
Taiwan · Delayed Price · Currency is TWD 249.00
-6.00 (-2.35%)
Jul 30, 2026, 1:30 PM CST
Test Research Cash Flow Statement
Financials in millions TWD. Fiscal year is January - December.
Millions TWD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 2,727 | 2,479 | 1,837 | 1,001 | 1,921 | 1,185 |
Depreciation & Amortization | 198.25 | 197.05 | 187.9 | 143.48 | 140.75 | 137.74 |
Loss (Gain) From Sale of Assets | -23.11 | -31.16 | -15.56 | -13.68 | -7.7 | -4.24 |
Loss (Gain) on Equity Investments | 18.76 | 17.04 | 13.04 | - | - | - |
Provision & Write-off of Bad Debts | 0.21 | 5.53 | 6.5 | -6.35 | 5.93 | -2.53 |
Other Operating Activities | 97.96 | 61.12 | -72.12 | -19.61 | 196.08 | 82.42 |
Change in Accounts Receivable | -1,568 | -1,099 | -854.44 | 701.86 | -630.29 | -484.27 |
Change in Inventory | -734.08 | -496.06 | -246.45 | 153.84 | 225.04 | -875.06 |
Change in Accounts Payable | 454.33 | 436.37 | 167.05 | 25.98 | -433.42 | 421.81 |
Change in Unearned Revenue | -13.14 | -1.19 | 15.16 | 5.29 | -21.01 | 52.28 |
Change in Other Net Operating Assets | 94.5 | 158.92 | 121.9 | -114.24 | 70.35 | 78.23 |
Operating Cash Flow | 1,253 | 1,727 | 1,160 | 1,878 | 1,467 | 591.41 |
Operating Cash Flow Growth | -30.99% | 48.97% | -38.25% | 27.99% | 148.09% | -47.21% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -258.32 | -286.63 | -371.1 | -856.1 | -667.54 | -138.51 |
Sale of Property, Plant & Equipment | 35.57 | 44.36 | 23.12 | 22.2 | 16.34 | 11.82 |
Sale (Purchase) of Intangibles | -22.09 | -13.68 | -17.87 | -20.7 | -12.39 | -16.62 |
Investment in Securities | 147.17 | 158.5 | -3.86 | -205.19 | -88.3 | 34.63 |
Other Investing Activities | -2.24 | 0.51 | -0.22 | 1.5 | -2.6 | 0.22 |
Investing Cash Flow | -99.91 | -96.94 | -369.93 | -1,058 | -754.49 | -108.46 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Repaid | - | -31.31 | -34.13 | -34.93 | -34.38 | -27.14 |
Net Debt Issued (Repaid) | -30.41 | -31.31 | -34.13 | -34.93 | -34.38 | -27.14 |
Common Dividends Paid | -1,181 | -1,181 | -779.51 | -1,063 | -779.51 | -779.51 |
Financing Cash Flow | -1,211 | -1,212 | -813.65 | -1,098 | -813.9 | -806.65 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 3.8 | 0.88 | 37.64 | -10.39 | 23.45 | -10.83 |
Net Cash Flow | -54.2 | 418.99 | 13.67 | -288.74 | -77.72 | -334.53 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 995.07 | 1,441 | 788.51 | 1,022 | 799.67 | 452.91 |
Free Cash Flow Growth | -33.76% | 82.73% | -22.83% | 27.77% | 76.56% | -58.24% |
Free Cash Flow Margin | 11.09% | 17.02% | 12.41% | 23.04% | 11.92% | 8.08% |
Free Cash Flow Per Share | 4.21 | 6.09 | 3.33 | 4.32 | 3.38 | 1.91 |
Levered Free Cash Flow | 315.14 | 881.2 | 229.51 | 787.75 | 440.76 | 252.45 |
Unlevered Free Cash Flow | 316.51 | 882.74 | 231.28 | 789.46 | 442.22 | 253.42 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 2.19 | 2.47 | 2.83 | 2.75 | 2.33 | 1.55 |
Cash Income Tax Paid | 467.52 | 464.22 | 409.54 | 269.29 | 335.55 | 289.23 |
Change in Working Capital | -1,766 | -1,001 | -796.78 | 772.74 | -789.33 | -807.02 |