Novo Resources Corp (NVO) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Novo Resources Corp (NVO) has a cash flow conversion efficiency ratio of -0.123x as of September 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 (AU$-8.45 Million) by net assets (AU$68.85 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Novo Resources Corp - Cash Flow Conversion Efficiency Trend (2021–2024)
This chart illustrates how Novo Resources Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Novo Resources Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Novo Resources Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Green Oleo S.p.A.
F:77M
|
N/A |
|
HEBEI YICHEN GRP H YC 05
F:HE2
|
N/A |
|
EGDB11
SA:EGDB11
|
N/A |
|
Kingsrose Mining Ltd
AU:KRM
|
-0.189x |
|
1 Production Film Co.
TWO:8458
|
-0.049x |
|
Dgenx Co. Ltd
KQ:113810
|
0.073x |
|
Flow Capital Corp
V:FW
|
-0.034x |
|
Carawine Resources Ltd
AU:CWX
|
-0.016x |
Annual Cash Flow Conversion Efficiency for Novo Resources Corp (2021–2024)
The table below shows the annual cash flow conversion efficiency of Novo Resources Corp from 2021 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-09-30 | AU$69.50 Million | AU$-16.73 Million | -0.241x | +56.91% |
| 2023-09-30 | AU$84.92 Million | AU$-47.43 Million | -0.559x | -127.32% |
| 2022-09-30 | AU$187.97 Million | AU$-46.19 Million | -0.246x | -292.85% |
| 2021-09-30 | AU$314.26 Million | AU$-19.66 Million | -0.063x | -- |
About Novo Resources Corp
Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Australia. It primarily explores for gold and copper deposits. The company holds flagship Becher Project located in the Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 201… Read more