Abits Group Inc. (ABTS) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Abits Group Inc. (ABTS) has a cash flow conversion efficiency ratio of -0.057x as of June 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 ($-570.44K) by net assets ($10.03 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Abits Group Inc. - Cash Flow Conversion Efficiency Trend (2014–2024)
This chart illustrates how Abits Group Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Read ABTS total debt and obligations for a breakdown of total debt and financial obligations.
Abits Group Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Abits Group Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Rincon Resources Ltd
AU:RCR
|
0.001x |
|
Forterra PLC
LSE:FORT
|
0.109x |
|
Impera Capital S.A.
WAR:IMP
|
-0.010x |
|
Henderson High Income Trust
LSE:HHI
|
0.029x |
|
Marshalls PLC
LSE:MSLH
|
-0.006x |
|
Genetic Technologies Ltd
AU:GTG
|
0.067x |
|
Entreprendre
PA:ALENR
|
0.003x |
|
Addentax Group Corp
NASDAQ:ATXG
|
-0.005x |
Annual Cash Flow Conversion Efficiency for Abits Group Inc. (2014–2024)
The table below shows the annual cash flow conversion efficiency of Abits Group Inc. from 2014 to 2024. For the full company profile with market capitalisation and key ratios, see Abits Group Inc. market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $10.38 Million | $1.92 Million | 0.185x | +18.98% |
| 2023-12-31 | $11.31 Million | $1.76 Million | 0.155x | +150.75% |
| 2022-12-31 | $23.92 Million | $-7.32 Million | -0.306x | -82.20% |
| 2021-12-31 | $6.57 Million | $-1.10 Million | -0.168x | +96.12% |
| 2020-12-31 | $400.77K | $-1.73 Million | -4.327x | -26.98% |
| 2019-12-31 | $345.60K | $-1.18 Million | -3.408x | -674.77% |
| 2018-12-31 | $-10.38 Million | $-6.15 Million | 0.593x | -79.63% |
| 2017-12-31 | $-2.96 Million | $-8.61 Million | 2.911x | -99.61% |
| 2016-12-31 | $-10.16K | $-7.50 Million | 738.529x | +95025.32% |
| 2015-12-31 | $6.74 Million | $-5.24 Million | -0.778x | -269.43% |
| 2014-12-31 | $-4.59 Million | $-2.11 Million | 0.459x | -- |
About Abits Group Inc.
Abits Group Inc., through its subsidiary, operates in the bitcoin mining business in the United States. It also provides in-house support services. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Causeway Bay, Hong Kong.