Electrovaya Inc. (ELVA) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Electrovaya Inc. (ELVA) has a cash flow conversion efficiency ratio of 0.276x as of September 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 ($8.58 Million) by net assets ($31.13 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Electrovaya Inc. - Cash Flow Conversion Efficiency Trend (1997–2025)
This chart illustrates how Electrovaya Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Electrovaya Inc. balance sheet liabilities for a breakdown of total debt and financial obligations.
Electrovaya Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Electrovaya Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
MT Hoejgaard Holding A/S
CO:MTHH
|
0.025x |
|
Canopy Growth Corp
TO:WEED
|
-0.023x |
|
Nanjing Shenghang Shipping Co Ltd
SHE:001205
|
0.034x |
|
Norske Skog Asa
OL:NSKOG
|
0.039x |
|
Lindex Group
HE:LINDEX
|
-0.015x |
|
Mirrabooka Investments Ltd
AU:MIR
|
-0.001x |
|
Guangshen Railway Company Limited
F:GRCH
|
0.026x |
|
HCM II Acquisition Corp
NASDAQ:HOND
|
-0.002x |
Annual Cash Flow Conversion Efficiency for Electrovaya Inc. (1997–2025)
The table below shows the annual cash flow conversion efficiency of Electrovaya Inc. from 1997 to 2025. For the full company profile with market capitalisation and key ratios, see ELVA company net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-09-30 | $31.13 Million | $-406.62K | -0.013x | -110.80% |
| 2024-09-30 | $8.59 Million | $1.04 Million | 0.121x | +116.50% |
| 2023-09-30 | $7.15 Million | $-5.24 Million | -0.733x | -155.68% |
| 2022-09-30 | $-6.71 Million | $-8.82 Million | 1.316x | -72.50% |
| 2021-09-30 | $-1.70 Million | $-8.12 Million | 4.785x | +969.90% |
| 2020-09-30 | $-8.71 Million | $-3.90 Million | 0.447x | +121.93% |
| 2019-09-30 | $-14.27 Million | $-2.88 Million | 0.202x | -60.39% |
| 2018-09-30 | $-13.76 Million | $-7.00 Million | 0.509x | -96.76% |
| 2017-09-30 | $-1.22 Million | $-19.18 Million | 15.713x | +1644.06% |
| 2016-09-30 | $7.95 Million | $-8.09 Million | -1.018x | -2941.38% |
| 2015-09-30 | $12.54 Million | $449.00K | 0.036x | +103.69% |
| 2014-09-30 | $5.17 Million | $-5.01 Million | -0.970x | -216.05% |
| 2013-09-30 | $4.68 Million | $-1.44 Million | -0.307x | -305.27% |
| 2012-09-30 | $9.43 Million | $-714.00K | -0.076x | +62.23% |
| 2011-09-30 | $12.08 Million | $-2.42 Million | -0.200x | +31.21% |
| 2010-09-30 | $9.29 Million | $-2.71 Million | -0.291x | -329.98% |
| 2009-09-30 | $10.12 Million | $1.28 Million | 0.127x | +175.26% |
| 2008-09-30 | $10.14 Million | $-1.71 Million | -0.168x | +33.09% |
| 2007-09-30 | $14.87 Million | $-3.74 Million | -0.252x | -31.35% |
| 2006-09-30 | $17.50 Million | $-3.35 Million | -0.192x | -55.17% |
| 2005-09-30 | $24.38 Million | $-3.01 Million | -0.123x | +29.86% |
| 2004-09-30 | $28.17 Million | $-4.96 Million | -0.176x | +11.04% |
| 2003-09-30 | $32.37 Million | $-6.40 Million | -0.198x | +16.75% |
| 2002-09-30 | $38.35 Million | $-9.12 Million | -0.238x | -39.30% |
| 2001-09-30 | $48.49 Million | $-8.27 Million | -0.171x | -1104.01% |
| 2000-09-30 | $29.06 Million | $-411.87K | -0.014x | +95.22% |
| 1999-09-30 | $3.48 Million | $-1.03 Million | -0.296x | -59.89% |
| 1998-09-30 | $4.62 Million | $-855.66K | -0.185x | -0.12% |
| 1997-09-30 | $5.98 Million | $-1.11 Million | -0.185x | -- |
About Electrovaya Inc.
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology… Read more