Ray Sigorta AS (RAYSG) - Cash Flow Conversion Efficiency

Latest as of June 2023: -0.182x

Based on the latest financial reports, Ray Sigorta AS (RAYSG) has a cash flow conversion efficiency ratio of -0.182x as of June 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 (TL-253.27 Million ≈ $-5.67 Million USD) by net assets (TL1.39 Billion ≈ $31.09 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Ray Sigorta AS balance sheet quality to measure how much of total assets are equity-financed.

Ray Sigorta AS - Cash Flow Conversion Efficiency Trend (2014–2022)

This chart illustrates how Ray Sigorta AS's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check how high is Ray Sigorta AS's earnings quality to evaluate the quality of earnings relative to operating cash generation.

Ray Sigorta AS Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Ray Sigorta AS ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Abacus Group AU:ABG	0.027x
Hingham Institution for Savings NASDAQ:HIFS	0.023x
Candel Therapeutics Inc NASDAQ:CADL	-0.131x
NORVA24 GROUP AB (PUBL.) F:WG0	N/A
Royce Micro Cap Closed Fund NYSE:RMT	-0.003x
Jiangsu Liba Enterprise Joint-Stock Co Ltd SHG:603519	0.051x
Ji'an Mankun Technology Co. Ltd. A SHE:301132	0.015x
Chong Kun Dang Pharmaceutical KO:185750	0.012x

Annual Cash Flow Conversion Efficiency for Ray Sigorta AS (2014–2022)

The table below shows the annual cash flow conversion efficiency of Ray Sigorta AS from 2014 to 2022. For the full company profile with market capitalisation and key ratios, see Ray Sigorta AS market cap and net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2022-12-31	TL890.88 Million ≈ $19.95 Million	TL1.11 Billion ≈ $24.93 Million	1.249x	+947.68%
2021-12-31	TL439.74 Million ≈ $9.85 Million	TL-64.81 Million ≈ $-1.45 Million	-0.147x	-140.52%
2020-12-31	TL337.90 Million ≈ $7.57 Million	TL122.92 Million ≈ $2.75 Million	0.364x	-16.22%
2019-12-31	TL262.15 Million ≈ $5.87 Million	TL113.82 Million ≈ $2.55 Million	0.434x	+1355.27%
2018-12-31	TL212.17 Million ≈ $4.75 Million	TL6.33 Million ≈ $141.78K	0.030x	-86.21%
2017-12-31	TL184.93 Million ≈ $4.14 Million	TL40.00 Million ≈ $895.90K	0.216x	-71.86%
2016-12-31	TL126.33 Million ≈ $2.83 Million	TL97.12 Million ≈ $2.18 Million	0.769x	+742.77%
2015-12-31	TL94.01 Million ≈ $2.11 Million	TL8.58 Million ≈ $192.09K	0.091x	-27.95%
2014-12-31	TL109.65 Million ≈ $2.46 Million	TL13.88 Million ≈ $310.93K	0.127x	--

About Ray Sigorta AS

IS:RAYSG Turkey Insurance - Diversified

Market Cap

$597.52 Million

TL26.68 Billion TRY

Market Cap Rank

#11146 Global

#103 in Turkey

Share Price

TL163.60

Change (1 day)

+1.93%

52-Week Range

TL160.50 - TL285.75

All Time High

TL748.00