Golden Ocean Group Limited (KT31) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Golden Ocean Group Limited (KT31) has a cash flow conversion efficiency ratio of -0.002x as of March 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 (€-3.33 Million ≈ $-3.89 Million USD) by net assets (€1.83 Billion ≈ $2.13 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See KT31 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Golden Ocean Group Limited - Cash Flow Conversion Efficiency Trend (2020–2024)
This chart illustrates how Golden Ocean Group Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Golden Ocean Group Limited Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Golden Ocean Group Limited ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Global Ship Lease Inc
NYSE:GSL
|
0.043x |
|
Befesa SA
XETRA:BFSA
|
0.037x |
|
Foosung
KO:093370
|
-0.023x |
|
World Kinect Corporation
NYSE:WKC
|
-0.038x |
|
Shenzhen Urban Transport Planning Center Co. Ltd.
SHE:301091
|
N/A |
|
Zhejiang Jiangshan Chemical Co Ltd
SHE:002061
|
0.111x |
|
Macquarie Technology Group Ltd
AU:MAQ
|
0.074x |
|
Kernel Holding SA
F:0KE
|
-0.080x |
Annual Cash Flow Conversion Efficiency for Golden Ocean Group Limited (2020–2024)
The table below shows the annual cash flow conversion efficiency of Golden Ocean Group Limited from 2020 to 2024. For the full company profile with market capitalisation and key ratios, see Golden Ocean Group Limited stock valuation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | €1.90 Billion ≈ $2.22 Billion |
€365.30 Million ≈ $427.07 Million |
0.192x | +38.74% |
| 2023-12-31 | €1.92 Billion ≈ $2.25 Billion |
€266.34 Million ≈ $311.38 Million |
0.139x | -47.22% |
| 2022-12-31 | €1.92 Billion ≈ $2.24 Billion |
€503.39 Million ≈ $588.51 Million |
0.263x | -9.62% |
| 2021-12-31 | €1.93 Billion ≈ $2.25 Billion |
€560.40 Million ≈ $655.16 Million |
0.291x | +182.77% |
| 2020-12-31 | €1.37 Billion ≈ $1.60 Billion |
€140.64 Million ≈ $164.42 Million |
0.103x | -- |
About Golden Ocean Group Limited
Golden Ocean Group Limited owns and operates a fleet of dry bulk vessels. The company also transports bulk commodities, including ores, coal, grains, and fertilizers. Golden Ocean Group Limited was formerly knowns as Knightsbridge Shipping Limited and changed its name to Golden Ocean Group Limited in March 2015. The company incorporated in 1996 and is headquartered in Hamilton, Bermuda. As of Aug… Read more