Top Companies by Cash Flow Conversion Efficiency

Compare companies based on how efficiently their net assets generate operating cash flow

Total Companies

30,174

Top Efficiency

x

Countries Tracked

39

Last Updated

May 2026
Quarterly Updates
Rank Company Efficiency Ratio Operating Cash Flow Net Assets Country Price
101 Recce Pharmaceuticals Ltd
AU:RCE 		4.429x AU$-13.52 Million
≈ $-9.57 Million		 AU$-3.05 Million
≈ $-2.16 Million		 Australia AU$0.48
102 LivePerson Inc
NASDAQ:LPSN 		4.335x $-6.01 Million $-1.39 Million USA $2.51
103 Principal Technologies Inc
V:PTEC 		4.320x CA$-1.93 Million
≈ $-1.40 Million		 CA$-446.58K
≈ $-323.05K		 Canada CA$0.44
104 Canstar Resources Inc
V:ROX 		4.248x CA$-848.88K
≈ $-614.07K		 CA$-199.83K
≈ $-144.56K		 Canada CA$0.06
105 Excite Technology Services Ltd
AU:EXT 		4.205x AU$-2.70 Million
≈ $-1.91 Million		 AU$-641.68K
≈ $-454.03K		 Australia AU$0.01
106 Microsemi Corporation
F:MS7 		4.011x €123.00 Million
≈ $143.80 Million		 €30.66 Million
≈ $35.85 Million		 Germany €7.90
107 Genasys Inc
NASDAQ:GNSS 		3.987x $7.20 Million $1.81 Million USA $1.99
108 Colgate-Palmolive Company
NYSE:CL 		3.981x $1.45 Billion $365.00 Million USA $88.16
109 Citra Putra Realty Tbk PT
JK:CLAY 		3.955x Rp12.61 Billion
≈ $738.80K		 Rp3.19 Billion
≈ $186.78K		 Indonesia Rp2840.00
110 D-MARKET E.S.+T.SP.ADR/1B
F:8WZ 		3.917x €3.38 Billion
≈ $3.95 Billion		 €862.22 Million
≈ $1.01 Billion		 Germany €2.36
111 Rosslyn Data Technologies plc
LSE:RDT 		3.777x GBX-778.00K
≈ $-94.66		 GBX-206.00K
≈ $-25.06		 UK GBX1.90
112 Fitness Champs Holdings Limited Common Stock
NASDAQ:FCHL 		3.759x $56.38K $15.00K USA $2.57
113 VIMAB Group AB
ST:VIMAB 		3.682x Skr-26.24 Million
≈ $-2.82 Million		 Skr-7.13 Million
≈ $-766.87K		 Sweden Skr2.86
114 EURO MANGANESE CDI/1
F:E06A 		3.655x €-2.47 Million
≈ $-2.89 Million		 €-676.00K
≈ $-790.32K		 Germany €0.06
115 CORESTATE Capital Holding S.A
XETRA:CCAP 		3.573x €152.20 Million
≈ $177.94 Million		 €42.60 Million
≈ $49.80 Million		 Germany €0.24
116 Siwani Makmur Tbk
JK:SIMA 		3.493x Rp-7.00 Billion
≈ $-410.40K		 Rp-2.00 Billion
≈ $-117.48K		 Indonesia Rp50.00
117 DOTZ Nano Ltd
AU:DTZ 		3.464x AU$-1.34 Million
≈ $-951.59K		 AU$-388.29K
≈ $-274.74K		 Australia AU$0.04
118 Euro Manganese Inc
AU:EMN 		3.412x AU$-2.31 Million
≈ $-1.63 Million		 AU$-677.02K
≈ $-479.03K		 Australia AU$0.13
119 Artelo Biosciences Inc
NASDAQ:ARTL 		3.342x $-4.25 Million $-1.27 Million USA $2.78
120 Lodestar Minerals Ltd
AU:LSR 		3.339x AU$-1.40 Million
≈ $-990.85K		 AU$-419.43K
≈ $-296.78K		 Australia AU$0.02
121 Lifecare AS
OL:LIFE 		3.325x Nkr-22.15 Million
≈ $-2.33 Million		 Nkr-6.66 Million
≈ $-700.93K		 Norway Nkr0.42
122 2cureX AB
ST:2CUREX 		3.288x Skr2.06 Million
≈ $221.47K		 Skr626.00K
≈ $67.37K		 Sweden Skr1.66
123 Adalta Ltd
AU:1AD 		3.267x AU$-1.95 Million
≈ $-1.38 Million		 AU$-598.24K
≈ $-423.30K		 Australia AU$0.00
124 Hemogenyx Pharmaceuticals PLC
LSE:HEMO 		3.264x GBX-1.78 Million
≈ $-216.99		 GBX-546.41K
≈ $-66.48		 UK GBX685.00
125 BSA Ltd
AU:BSA 		3.237x AU$22.50 Million
≈ $15.92 Million		 AU$6.95 Million
≈ $4.92 Million		 Australia AU$0.31
126 Altiplano Metals Inc
V:APN 		3.221x CA$-40.83K
≈ $-29.54K		 CA$-12.68K
≈ $-9.17K		 Canada CA$0.03
127 Story-I Ltd
AU:SRY 		3.211x AU$-4.15 Million
≈ $-2.93 Million		 AU$-1.29 Million
≈ $-913.95K		 Australia AU$0.00
128 Baader Bank Aktiengesellschaft
F:BWB 		3.169x €708.21 Million
≈ $827.97 Million		 €223.51 Million
≈ $261.31 Million		 Germany €6.80
129 Ecolomondo Corp
V:ECM 		3.144x CA$-644.30K
≈ $-466.08K		 CA$-204.92K
≈ $-148.23K		 Canada CA$0.16
130 Virpax Pharmaceuticals Inc
NASDAQ:VRPX 		3.142x $-2.87 Million $-913.76K USA $0.22
131 Global PVQ SE
HM:QCE 		3.126x €106.90 Million
≈ $124.98 Million		 €34.20 Million
≈ $39.98 Million		 Germany €0.00
132 Quantum Genomics SA
PA:ALQGC 		3.110x €-7.64 Million
≈ $-8.93 Million		 €-2.46 Million
≈ $-2.87 Million		 France €0.07
133 Vinpai SAS
PA:ALVIN 		3.105x €-1.41 Million
≈ $-1.65 Million		 €-453.81K
≈ $-530.55K		 France €3.58
134 The9 Ltd ADR
NASDAQ:NCTY 		3.099x $202.35 Million $65.29 Million USA $5.50
135 Dimerix Ltd
AU:DXB 		3.087x AU$41.30 Million
≈ $29.22 Million		 AU$13.38 Million
≈ $9.47 Million		 Australia AU$0.20
136 Osteopore Ltd
AU:OSX 		3.011x AU$-1.28 Million
≈ $-902.50K		 AU$-423.65K
≈ $-299.76K		 Australia AU$0.01
137 Ascent Resources plc
LSE:AST 		2.990x GBX-894.00K
≈ $-108.77		 GBX-299.00K
≈ $-36.38		 UK GBX0.70
138 Ipopema Securities SA
WAR:IPE 		2.921x zł374.84 Million
≈ $103.16 Million		 zł128.34 Million
≈ $35.32 Million		 Poland zł6.60
139 Smiths News PLC
LSE:SNWS 		2.916x GBX27.70 Million
≈ $3.37K		 GBX9.50 Million
≈ $1.16K		 UK GBX66.60
140 Apollomics Inc. Class A Ordinary Shares
NASDAQ:APLM 		2.900x $-12.76 Million $-4.40 Million USA $15.24
141 Crossject
PA:ALCJ 		2.893x €-3.23 Million
≈ $-3.78 Million		 €-1.12 Million
≈ $-1.31 Million		 France €1.96
142 Immunic Inc
NASDAQ:IMUX 		2.889x $-19.28 Million $-6.67 Million USA $11.02
143 Baiya International Group Inc. Ordinary Shares
NASDAQ:BIYA 		2.879x $1.58 Million $550.06K USA $1.18
144 Ssif Broker Cl
RO:BRK 		2.864x RON149.53 Million
≈ $34.33 Million		 RON52.21 Million
≈ $11.99 Million		 Romania RON0.10
145 Fjordland Exploration Inc
V:FEX 		2.832x CA$-162.06K
≈ $-117.23K		 CA$-57.22K
≈ $-41.39K		 Canada CA$0.03
146 Sangsangin Investment & Securities Co Ltd
KO:001290 		2.825x ₩545.62 Billion
≈ $369.76 Million		 ₩193.12 Billion
≈ $130.87 Million		 Korea ₩1401.00
147 Kiliaro AB
ST:KILI 		2.808x Skr-4.84 Million
≈ $-520.85K		 Skr-1.72 Million
≈ $-185.45K		 Sweden Skr0.03
148 Nanhua Futures Co Ltd
SHG:603093 		2.795x CN¥12.31 Billion
≈ $1.80 Billion		 CN¥4.40 Billion
≈ $644.54 Million		 China CN¥21.08
149 Inovio Pharmaceuticals Inc
NASDAQ:INO 		2.795x $-21.57 Million $-7.72 Million USA $1.24
150 Aveng Ltd
JSE:AEG 		2.793x ZAC548.63 Million
≈ $291.57K		 ZAC196.46 Million
≈ $104.41K		 South Africa ZAC469.00
151 KATORO GOLD PLC LS-01
F:622 		2.752x €-722.89K
≈ $-845.13K		 €-262.72K
≈ $-307.15K		 Germany €0.00
152 Quirin Privatbank AG
F:QB7 		2.724x €224.79 Million
≈ $262.81 Million		 €82.52 Million
≈ $96.47 Million		 Germany €3.20
153 Ordinary Fully Paid Deferred Settlement
AU:EPXDA 		2.724x AU$1.42 Million
≈ $1.01 Million		 AU$523.08K
≈ $370.11K		 Australia AU$0.24
154 INEO Tech Corp
V:INEO 		2.714x CA$-661.55K
≈ $-478.56K		 CA$-243.72K
≈ $-176.30K		 Canada CA$0.01
155 Mammoth Resources Corp
V:MTH 		2.704x CA$-120.02K
≈ $-86.82K		 CA$-44.39K
≈ $-32.11K		 Canada CA$0.04
156 Nuvve Holding Corp
NASDAQ:NVVEW 		2.691x $-5.16 Million $-1.92 Million USA $0.01
157 Nuvve Holding Corp
NASDAQ:NVVE 		2.691x $-5.16 Million $-1.92 Million USA $0.37
158 AnaptysBio Inc
NASDAQ:ANAB 		2.634x $98.00 Million $37.21 Million USA $67.36
159 MV Oil Trust
NYSE:MVO 		2.621x $6.77 Million $2.58 Million USA $2.42
160 Redivium Ltd
AU:RIL 		2.594x AU$-1.69 Million
≈ $-1.20 Million		 AU$-651.60K
≈ $-461.05K		 Australia AU$0.00
161 Australian Pacific Coal Ltd
AU:AQC 		2.588x AU$-27.90 Million
≈ $-19.74 Million		 AU$-10.78 Million
≈ $-7.63 Million		 Australia AU$0.01
162 Ahmad Zaki Resources Bhd
KLSE:7078 		2.581x RM487.06 Million
≈ $122.28 Million		 RM188.69 Million
≈ $47.37 Million		 Malaysia RM0.14
163 Financeira Alfa S.A. - Crédito Financiamento e Investimentos
SA:CRIV3 		2.577x R$2.78 Billion
≈ $546.38 Million		 R$1.08 Billion
≈ $212.06 Million		 Brazil R$6.98
164 Vectus Biosystems Ltd
AU:VBS 		2.572x AU$-659.98K
≈ $-466.98K		 AU$-256.62K
≈ $-181.58K		 Australia AU$0.12
165 Changsha Kaiyuan Instruments
SHE:300338 		2.512x CN¥-44.21 Million
≈ $-6.47 Million		 CN¥-17.60 Million
≈ $-2.58 Million		 China CN¥3.62
166 Next Science Ltd
AU:NXS 		2.498x AU$-1.39 Million
≈ $-984.59K		 AU$-557.03K
≈ $-394.14K		 Australia AU$0.15
167 SAB Finance as
PR:SABFG 		2.449x Kč4.63 Billion
≈ $222.23 Million		 Kč1.89 Billion
≈ $90.76 Million		 Czech Republic Kč1120.00
168 Cumulus Media Inc Class A
NASDAQ:CMLS 		2.447x $17.01 Million $6.95 Million USA $0.15
169 Check-Cap Ltd
F:7CC 		2.441x €-3.54 Million
≈ $-4.14 Million		 €-1.45 Million
≈ $-1.70 Million		 Germany €1.17
170 Ebusco Holding BV
AS:EBUS 		2.432x €-26.46 Million
≈ $-30.93 Million		 €-10.88 Million
≈ $-12.72 Million		 Netherlands €0.30
171 Ballarpur Industries Limited
NSE:BALLARPUR 		2.403x Rs9.77 Billion
≈ $105.67 Million		 Rs4.07 Billion
≈ $43.97 Million		 India Rs257.58
172 Bonus Biogroup
TA:BONS 		2.402x ILA-4.02 Million
≈ $-10.79K		 ILA-1.68 Million
≈ $-4.49K		 Israel ILA41.30
173 DynaCERT Inc.
TO:DYA 		2.389x CA$-2.78 Million
≈ $-2.01 Million		 CA$-1.16 Million
≈ $-840.96K		 Canada CA$0.16
174 Topps Tiles PLC
LSE:TPT 		2.378x GBX18.37 Million
≈ $2.24K		 GBX7.73 Million
≈ $940.15		 UK GBX36.00
175 Noviqtech Ltd
AU:NVQ 		2.346x AU$-1.34 Million
≈ $-946.58K		 AU$-570.23K
≈ $-403.47K		 Australia AU$0.03
176 Pathkey.ai Ltd
AU:PKY 		2.310x AU$-619.98K
≈ $-438.67K		 AU$-268.37K
≈ $-189.89K		 Australia AU$0.04
177 Ceconomy AG
XETRA:CEC 		2.309x €1.55 Billion
≈ $1.81 Billion		 €670.00 Million
≈ $783.30 Million		 Germany €4.26
178 Lyc Healthcare Bhd
KLSE:0075 		2.300x RM17.29 Million
≈ $4.34 Million		 RM7.51 Million
≈ $1.89 Million		 Malaysia RM0.02
179 Adagio Medical Holdings, Inc Common Stock
NASDAQ:ADGM 		2.293x $-3.01 Million $-1.31 Million USA $0.97
180 Legal & General Group PLC
LSE:LGEN 		2.275x GBX5.26 Billion
≈ $639.87K		 GBX2.31 Billion
≈ $281.30K		 UK GBX252.05
181 Shen Zhen Bauing Construction Holding Group Co Ltd
SHE:002047 		2.259x CN¥-73.88 Million
≈ $-10.81 Million		 CN¥-32.70 Million
≈ $-4.79 Million		 China CN¥5.13
182 AVITA Medical Inc
F:51KB 		2.255x €-10.31 Million
≈ $-12.05 Million		 €-4.57 Million
≈ $-5.34 Million		 Germany €1.31
183 Quickstep Holdings Ltd
AU:QHL 		2.197x AU$4.88 Million
≈ $3.45 Million		 AU$2.22 Million
≈ $1.57 Million		 Australia AU$0.58
184 Quilter PLC
LSE:QLT 		2.167x GBX3.18 Billion
≈ $386.55K		 GBX1.47 Billion
≈ $178.37K		 UK GBX185.10
185 Focus Graphite Inc
V:FMS 		2.166x CA$-873.82K
≈ $-632.11K		 CA$-403.39K
≈ $-291.80K		 Canada CA$0.37
186 Xilio Development Inc
NASDAQ:XLO 		2.161x $-17.50 Million $-8.10 Million USA $7.90
187 Charm Engine
KO:009310 		2.160x ₩122.79 Billion
≈ $83.21 Million		 ₩56.86 Billion
≈ $38.53 Million		 Korea ₩5325.00
188 Cheniere Energy Partners LP
NYSE:CQP 		2.143x $887.00 Million $414.00 Million USA $64.00
189 Perfect Moment Ltd.
NYSE MKT:PMNT 		2.134x $2.26 Million $1.06 Million USA $0.25
190 Riverstone Energy Ltd
LSE:RSE 		2.133x GBX251.61 Million
≈ $30.61K		 GBX117.94 Million
≈ $14.35K		 UK GBX587.50
191 R&S GROUP HOLDING AG
SW:RSGN 		2.091x CHF17.69 Million
≈ $22.37 Million		 CHF8.46 Million
≈ $10.70 Million		 Switzerland CHF28.56
192 Grupo Casas Bahia S.A.
SA:BHIA3 		2.077x R$5.47 Billion
≈ $1.07 Billion		 R$2.63 Billion
≈ $516.84 Million		 Brazil R$2.37
193 Circio Holding ASA
OL:CRNA 		2.069x Nkr-25.66 Million
≈ $-2.70 Million		 Nkr-12.40 Million
≈ $-1.30 Million		 Norway Nkr8.77
194 Ads Tec Energy PLC
NASDAQ:ADSE 		2.025x $-30.20 Million $-14.91 Million USA $11.45
195 De La Rue PLC
LSE:DLAR 		2.021x GBX-9.50 Million
≈ $-1.16K		 GBX-4.70 Million
≈ $-571.85		 UK GBX130.00
196 Moneyme Ltd
AU:MME 		2.018x AU$248.02 Million
≈ $175.49 Million		 AU$122.89 Million
≈ $86.95 Million		 Australia AU$0.08
197 Pointerra Ltd
AU:3DP 		2.015x AU$-2.63 Million
≈ $-1.86 Million		 AU$-1.30 Million
≈ $-921.70K		 Australia AU$0.03
198 LABIANA HEALTH S.A.EO-10
F:8RK 		1.996x €7.19 Million
≈ $8.41 Million		 €3.60 Million
≈ $4.21 Million		 Germany €7.40
199 Opyl Ltd
AU:OPL 		1.994x AU$-619.98K
≈ $-438.67K		 AU$-310.99K
≈ $-220.05K		 Australia AU$0.02
200 RedCloud Holdings plc Ordinary Shares
NASDAQ:RCT 		1.989x $-15.92 Million $-8.00 Million USA $0.69