Electrovaya Inc. (ELVA) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Electrovaya Inc. (ELVA) has a cash flow conversion efficiency ratio of 0.028x 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 ($1.71 Million) by net assets ($60.32 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Electrovaya Inc. net asset quality index to measure how much of total assets are equity-financed.
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. Check how high is Electrovaya Inc.'s earnings quality to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
VST Industries Limited
NSE:VSTIND
|
0.048x |
|
Qingdao Greensum Ecology Co. Ltd.
SHE:300948
|
N/A |
|
Greene County Bancorp Inc
NASDAQ:GCBC
|
0.024x |
|
Yunnan Jinggu Forestry Co Ltd
SHG:600265
|
-0.076x |
|
Shenzhen Longtech Smart Control Co. Ltd.
SHE:300916
|
N/A |
|
Lux Industries Limited
NSE:LUXIND
|
-0.130x |
|
Robostar Co.Ltd
KQ:090360
|
-0.018x |
|
Miwon Specialty Chemical Co Ltd
KO:268280
|
0.059x |
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 Electrovaya Inc. market cap and net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-09-30 | $31.13 Million | $1.72 Million | 0.055x | -54.38% |
| 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