BitNine Co. Ltd. (357880) - Cash Flow Conversion Efficiency

Latest as of March 2026: -0.088x

Based on the latest financial reports, BitNine Co. Ltd. (357880) has a cash flow conversion efficiency ratio of -0.088x as of March 2026. 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 (₩-1.72 Billion ≈ $-1.17 Million USD) by net assets (₩19.48 Billion ≈ $13.20 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 357880 equity to assets ratio to measure how much of total assets are equity-financed.

BitNine Co. Ltd. - Cash Flow Conversion Efficiency Trend (2018–2025)

This chart illustrates how BitNine Co. Ltd.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Check 357880 operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.

BitNine Co. Ltd. Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of BitNine Co. Ltd. ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Malee Group Public Company Limited BK:MALEE	0.078x
seha corporation KO:027970	0.076x
Burcelik Bursa Celik Dokum Sanayi AS IS:BURCE	-0.387x
Amata VN PCL BK:AMATAV	0.029x
Wonik Corporation KQ:032940	0.005x
Anfield Resources Inc V:AEC	-0.103x
Powertech Industrial Co Ltd TW:3296	-0.016x
Granite Point Mortgage Trust Inc NYSE:GPMT	-0.004x

Annual Cash Flow Conversion Efficiency for BitNine Co. Ltd. (2018–2025)

The table below shows the annual cash flow conversion efficiency of BitNine Co. Ltd. from 2018 to 2025. For the full company profile with market capitalisation and key ratios, see how much is BitNine Co. Ltd. worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	₩13.24 Billion ≈ $8.97 Million	₩-3.83 Billion ≈ $-2.60 Million	-0.289x	+79.39%
2024-12-31	₩10.36 Billion ≈ $7.02 Million	₩-14.54 Billion ≈ $-9.85 Million	-1.403x	-99.33%
2023-12-31	₩17.73 Billion ≈ $12.01 Million	₩-12.48 Billion ≈ $-8.46 Million	-0.704x	-947.02%
2022-12-31	₩34.79 Billion ≈ $23.57 Million	₩2.89 Billion ≈ $1.96 Million	0.083x	+203.97%
2021-12-31	₩33.41 Billion ≈ $22.64 Million	₩-2.67 Billion ≈ $-1.81 Million	-0.080x	-117.71%
2020-12-31	₩-4.09 Billion ≈ $-2.77 Million	₩-1.85 Billion ≈ $-1.25 Million	0.451x	+86.17%
2019-12-31	₩-18.70 Billion ≈ $-12.67 Million	₩-4.53 Billion ≈ $-3.07 Million	0.242x	-45.37%
2018-12-31	₩-8.81 Billion ≈ $-5.97 Million	₩-3.91 Billion ≈ $-2.65 Million	0.444x	--

About BitNine Co. Ltd.

KQ:357880 Korea Software - Infrastructure

Market Cap

$69.06 Million

₩101.90 Billion KRW

Market Cap Rank

#20592 Global

#1108 in Korea

Share Price

₩2005.00

Change (1 day)

+0.80%

52-Week Range

₩1462.00 - ₩5790.00

All Time High

₩12085.12