DUET Acquisition Corp (DUET) - Cash Flow Conversion Efficiency
Based on the latest financial reports, DUET Acquisition Corp (DUET) has a cash flow conversion efficiency ratio of -0.006x as of June 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 ($-35.05K) by net assets ($6.33 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See DUET Acquisition Corp balance sheet quality to measure how much of total assets are equity-financed.
DUET Acquisition Corp - Cash Flow Conversion Efficiency Trend (2021–2023)
This chart illustrates how DUET Acquisition Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check earnings quality score of DUET Acquisition Corp to evaluate the quality of earnings relative to operating cash generation.
DUET Acquisition Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of DUET Acquisition Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Inbar Group Finance Ltd
TA:INBR
|
0.190x |
|
LendingClub Corp
NYSE:LC
|
-0.406x |
|
Tainwala Chemical and Plastic (I) Limited
NSE:TAINWALCHM
|
-0.028x |
|
Next Entertainment World Co. Ltd
KQ:160550
|
0.005x |
|
Mitchells & Butlers PLC
LSE:MAB
|
0.092x |
|
Media 6 SA
PA:EDI
|
0.046x |
|
q.beyond AG
XETRA:QBY
|
0.035x |
|
Oversea Enterprise Bhd
KLSE:0153
|
0.002x |
Annual Cash Flow Conversion Efficiency for DUET Acquisition Corp (2021–2023)
The table below shows the annual cash flow conversion efficiency of DUET Acquisition Corp from 2021 to 2023. For the full company profile with market capitalisation and key ratios, see DUET market cap overview.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $6.19 Million | $-692.43K | -0.112x | -968.56% |
| 2022-12-31 | $85.30 Million | $-892.67K | -0.010x | -4134.05% |
| 2021-12-31 | $23.48K | $6.09 | 0.000x | -- |
About DUET Acquisition Corp
DUET Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology sector. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.