Canaan Inc (CAN) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Canaan Inc (CAN) has a cash flow conversion efficiency ratio of -0.816x as of December 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 ($-217.21 Million) by net assets ($266.25 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See CAN defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Canaan Inc - Cash Flow Conversion Efficiency Trend (2017–2025)
This chart illustrates how Canaan Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Canaan Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Canaan Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Pix Transmissions Limited
NSE:PIXTRANS
|
0.128x |
|
Backblaze Inc
NASDAQ:BLZE
|
0.069x |
|
Metro Mining Limited
F:6ME
|
-0.025x |
|
K-Fast Holding AB (publ)
ST:KFAST-B
|
0.004x |
|
ADAGENE INC. SP.ADR
F:978
|
N/A |
|
LongDa Construction & Development Corp
TW:5519
|
0.062x |
|
Coincheck Group N.V. Ordinary Shares
NASDAQ:CNCK
|
0.138x |
|
LGI Ltd
AU:LGI
|
0.105x |
Annual Cash Flow Conversion Efficiency for Canaan Inc (2017–2025)
The table below shows the annual cash flow conversion efficiency of Canaan Inc from 2017 to 2025. For the full company profile with market capitalisation and key ratios, see CAN company net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $437.37 Million | $-271.22 Million | -0.620x | +17.14% |
| 2024-12-31 | $266.25 Million | $-199.26 Million | -0.748x | -110.79% |
| 2023-12-31 | $348.19 Million | $-123.62 Million | -0.355x | +87.40% |
| 2022-12-31 | $4.20 Billion | $-11.83 Billion | -2.818x | -858.43% |
| 2021-12-31 | $3.46 Billion | $1.29 Billion | 0.372x | -53.33% |
| 2020-12-31 | $432.40 Million | $344.22 Million | 0.796x | +296.93% |
| 2019-12-31 | $692.79 Million | $-280.06 Million | -0.404x | -664.45% |
| 2018-12-31 | $240.98 Million | $-12.74 Million | -0.053x | -424.51% |
| 2017-12-31 | $857.24 Million | $13.97 Million | 0.016x | -- |
About Canaan Inc
Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. The company is involved in the assembly and distribution of mining equipment and spare parts; and mining business. It has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Mala… Read more