Bannix Acquisition Corp
Bannix Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or related business combination with one or more target businesses. The company intends to focus its search on target businesses in the customer engagement sector of telecommunications, retail, and financial services.… Read more
Bannix Acquisition Corp (BNIX) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2024: 0.310x
Based on the latest financial reports, Bannix Acquisition Corp (BNIX) has a cash flow conversion efficiency ratio of 0.310x as of September 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 ($-423.45K) by net assets ($-1.36 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Bannix Acquisition Corp - Cash Flow Conversion Efficiency Trend (2021–2023)
This chart illustrates how Bannix Acquisition Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Bannix Acquisition Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Bannix Acquisition Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Microtek International Inc
TW:2305
|
0.027x |
|
Polynet PCL
BK:POLY
|
0.052x |
|
LiveWire Group Inc.
NYSE:LVWR
|
-0.215x |
|
WiMi Hologram Cloud Inc
NASDAQ:WIMI
|
0.044x |
|
Bitcoin Depot Inc.
NASDAQ:BTM
|
0.315x |
|
Bossa Ticaret ve Sanayi Isletmeleri TAS
IS:BOSSA
|
0.010x |
|
DRA Global Ltd
AU:DRA
|
-0.008x |
|
Bitcoin Well Inc.
OTCQB:BCNWF
|
0.195x |
Annual Cash Flow Conversion Efficiency for Bannix Acquisition Corp (2021–2023)
The table below shows the annual cash flow conversion efficiency of Bannix Acquisition Corp from 2021 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $28.19 Million | $-908.49K | -0.032x | -229.00% |
| 2022-12-31 | $69.73 Million | $-683.16K | -0.010x | -95.60% |
| 2021-12-31 | $66.39 Million | $-332.54K | -0.005x | -- |