THERMO FISHER SCIEN
THERMO FISHER SCIEN operates in Diversified Metals & Mining.
THERMO FISHER SCIEN (TN8) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2024: 0.044x
Based on the latest financial reports, THERMO FISHER SCIEN (TN8) has a cash flow conversion efficiency ratio of 0.044x as of September 2024.
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 (€2.17 Billion) by net assets (€49.10 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
THERMO FISHER SCIEN - Cash Flow Conversion Efficiency Trend (2016–2023)
This chart illustrates how THERMO FISHER SCIEN's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
THERMO FISHER SCIEN Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of THERMO FISHER SCIEN ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Brack Capit N V
TA:BCNV
|
0.014x |
|
PT Multipolar Tbk
F:MLQ2
|
0.009x |
|
GivBux Inc
PINK:GBUX
|
0.058x |
|
GIIB Holdings Bhd
KLSE:7192
|
-0.528x |
|
WANDA HOTEL DEVEL. CO.
F:CL1A
|
N/A |
|
Country Heights Holdings Bhd
KLSE:5738
|
-0.001x |
|
INTUITIVE SURGICAL - Dusseldorf Stock Exchang
DU:IUI1
|
0.045x |
|
Olympia Industries Bhd
KLSE:3018
|
-0.021x |
Annual Cash Flow Conversion Efficiency for THERMO FISHER SCIEN (2016–2023)
The table below shows the annual cash flow conversion efficiency of THERMO FISHER SCIEN from 2016 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | €46.84 Billion | €8.41 Billion | 0.179x | -13.45% |
| 2022-12-31 | €44.15 Billion | €9.15 Billion | 0.207x | -8.76% |
| 2021-12-31 | €40.98 Billion | €9.31 Billion | 0.227x | -5.37% |
| 2020-12-31 | €34.52 Billion | €8.29 Billion | 0.240x | +43.30% |
| 2019-12-31 | €29.68 Billion | €4.97 Billion | 0.168x | +1.76% |
| 2018-12-31 | €27.59 Billion | €4.54 Billion | 0.165x | +4.50% |
| 2017-12-31 | €25.41 Billion | €4.00 Billion | 0.158x | +7.55% |
| 2016-12-31 | €21.54 Billion | €3.16 Billion | 0.147x | -- |