E3 LITHIUM LTD (OW3) - Cash Flow Conversion Efficiency
Based on the latest financial reports, E3 LITHIUM LTD (OW3) has a cash flow conversion efficiency ratio of -0.029x as of September 2023. 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 (€-1.70 Million ≈ $-1.99 Million USD) by net assets (€58.27 Million ≈ $68.13 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
E3 LITHIUM LTD - Cash Flow Conversion Efficiency Trend (2019–2022)
This chart illustrates how E3 LITHIUM LTD's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read OW3 total debt and obligations for a breakdown of total debt and financial obligations.
E3 LITHIUM LTD Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of E3 LITHIUM LTD ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Ai Energy Public Company Limited
BK:AIE
|
0.012x |
|
Univentures Public Company Limited
BK:UV
|
0.077x |
|
Nsys Co. Ltd.
KQ:333620
|
0.014x |
|
Generic Sweden publ AB
ST:GENI
|
0.190x |
|
Woory Industrial Holdings Co.Ltd
KQ:072470
|
0.009x |
|
Po Valley Energy Ltd
AU:PVE
|
0.106x |
|
Infrea AB
ST:INFREA
|
0.077x |
|
Hanwha Chemical Corp Pref
KO:009835
|
-0.033x |
Annual Cash Flow Conversion Efficiency for E3 LITHIUM LTD (2019–2022)
The table below shows the annual cash flow conversion efficiency of E3 LITHIUM LTD from 2019 to 2022. For the full company profile with market capitalisation and key ratios, see OW3 market cap overview.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2022-12-31 | €33.47 Million ≈ $39.13 Million |
€-5.49 Million ≈ $-6.41 Million |
-0.164x | -44.03% |
| 2021-12-31 | €25.00 Million ≈ $29.23 Million |
€-2.85 Million ≈ $-3.33 Million |
-0.114x | +27.92% |
| 2020-12-31 | €10.10 Million ≈ $11.80 Million |
€-1.59 Million ≈ $-1.86 Million |
-0.158x | +67.14% |
| 2019-12-31 | €4.02 Million ≈ $4.70 Million |
€-1.93 Million ≈ $-2.26 Million |
-0.480x | -- |
About E3 LITHIUM LTD
E3 Lithium Limited engages in the development and extraction of lithium resources in Alberta. The company was formerly known as E3 Metals Corp. and changed its name to E3 Lithium Limited in July 2022. E3 Lithium Limited is headquartered in Calgary, Canada.