Harmony Energy Income Trust PLC (HEIT) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Harmony Energy Income Trust PLC (HEIT) has a cash flow conversion efficiency ratio of 0.003x as of April 2024. 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 (GBX600.12K ≈ $73.02 USD) by net assets (GBX218.53 Million ≈ $26.59K USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See HEIT equity to assets ratio to measure how much of total assets are equity-financed.
Harmony Energy Income Trust PLC - Cash Flow Conversion Efficiency Trend (2022–2024)
This chart illustrates how Harmony Energy Income Trust PLC's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check HEIT operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Harmony Energy Income Trust PLC Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Harmony Energy Income Trust PLC ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Philipp Holzmann AG
DU:HOZ
|
N/A |
|
Oxford Biodynamics PLC
LSE:OBD
|
-2.475x |
|
Fadel Partners Inc
LSE:FADL
|
N/A |
|
Serinus Energy
LSE:SENX
|
0.002x |
|
Bisichi Mining PLC
LSE:BISI
|
0.027x |
|
MOLECULE HOLDINGS
F:ERV2
|
N/A |
|
Gem Diamonds Ltd
LSE:GEMD
|
-0.037x |
|
Surgical Innovations Group plc
LSE:SUN
|
0.106x |
Annual Cash Flow Conversion Efficiency for Harmony Energy Income Trust PLC (2022–2024)
The table below shows the annual cash flow conversion efficiency of Harmony Energy Income Trust PLC from 2022 to 2024. For the full company profile with market capitalisation and key ratios, see HEIT stock market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-10-31 | GBX201.05 Million ≈ $24.46K |
GBX-3.08 Million ≈ $-374.30 |
-0.015x | +13.23% |
| 2023-10-31 | GBX262.11 Million ≈ $31.89K |
GBX-4.62 Million ≈ $-562.41 |
-0.018x | -4.00% |
| 2022-10-31 | GBX253.16 Million ≈ $30.80K |
GBX-4.29 Million ≈ $-522.31 |
-0.017x | -- |
About Harmony Energy Income Trust PLC
Harmony Energy Income Trust Plc, an investment company, focuses on investing in commercial scale battery energy storage and renewable energy generation projects located across Great Britain. The company was incorporated in 2021 and is based in London, the United Kingdom.