Ray Co. Ltd
RAY Co., Ltd. provides x-ray diagnostic equipment in the dental industry. The company offers RAYSACN Series, RAYios, RAYFace, RAYDENT Microscan, RIO Series, RAYDENT designer and tray, RAYSmiler, RAYDENT Studio, and RAYDENT Mill 4X and 5X, as well as consumables. RAY Co., Ltd. was incorporated in 2004 and is headquartered in Seongnam-si, South Korea.
Ray Co. Ltd (228670) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2025: 0.053x
Based on the latest financial reports, Ray Co. Ltd (228670) has a cash flow conversion efficiency ratio of 0.053x 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 (₩4.61 Billion) by net assets (₩87.40 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Ray Co. Ltd - Cash Flow Conversion Efficiency Trend (2016–2024)
This chart illustrates how Ray Co. Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Ray Co. Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Ray Co. Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Jaanh CosmeticsInc.
KQ:219550
|
-0.295x |
|
Tristar Gold
OTCQB:TSGZF
|
-0.024x |
|
Artiva Biotherapeutics, Inc. Common Stock
NASDAQ:ARTV
|
-0.149x |
|
Tobii AB (publ)
F:24T
|
0.228x |
|
Jagsonpal Pharmaceuticals Limited
NSE:JAGSNPHARM
|
0.098x |
|
Prostemics Co. Ltd
KQ:203690
|
-0.143x |
|
CHA Vaccine Institute Co. Ltd.
KQ:261780
|
-0.140x |
|
Intchains Group Limited American Depositary Shares
NASDAQ:ICG
|
-0.020x |
Annual Cash Flow Conversion Efficiency for Ray Co. Ltd (2016–2024)
The table below shows the annual cash flow conversion efficiency of Ray Co. Ltd from 2016 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | ₩74.42 Billion | ₩204.51 Million | 0.003x | +101.58% |
| 2023-12-31 | ₩131.20 Billion | ₩-22.79 Billion | -0.174x | -145.46% |
| 2022-12-31 | ₩116.31 Billion | ₩-8.23 Billion | -0.071x | -163.80% |
| 2021-12-31 | ₩100.72 Billion | ₩11.17 Billion | 0.111x | +149.45% |
| 2020-12-31 | ₩65.29 Billion | ₩2.90 Billion | 0.044x | -57.64% |
| 2019-12-31 | ₩57.53 Billion | ₩6.04 Billion | 0.105x | -35.82% |
| 2018-12-31 | ₩26.28 Billion | ₩4.30 Billion | 0.164x | +118.17% |
| 2017-12-31 | ₩14.69 Billion | ₩1.10 Billion | 0.075x | +72.72% |
| 2016-12-31 | ₩13.41 Billion | ₩582.04 Million | 0.043x | -- |