Enovix Corp (ENVX) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Enovix Corp (ENVX) has a cash flow conversion efficiency ratio of -0.086x 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 ($-25.53 Million) by net assets ($297.10 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See ENVX days of operational coverage to measure how many days the company can operate on defensive assets alone.
Enovix Corp - Cash Flow Conversion Efficiency Trend (2019–2024)
This chart illustrates how Enovix Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Enovix Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Enovix Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Hangzhou DPtech Technologies Co Ltd
SHE:300768
|
0.013x |
|
Biohaven Pharmaceutical Holding Co Ltd
NYSE:BHVN
|
-1.158x |
|
Beijing Haitian Ruisheng Science Technology Ltd
SHG:688787
|
0.019x |
|
Olaplex Holdings Inc
NASDAQ:OLPX
|
0.009x |
|
Rami Levi
TA:RMLI
|
0.377x |
|
Inhibrx Biosciences, Inc.
NASDAQ:INBX
|
-3.769x |
|
Cia Brasileira de Aluminio
SA:CBAV3
|
0.043x |
|
Suzhou Sushi Testing Instrument Co Ltd
SHE:300416
|
0.052x |
Annual Cash Flow Conversion Efficiency for Enovix Corp (2019–2024)
The table below shows the annual cash flow conversion efficiency of Enovix Corp from 2019 to 2024. For the full company profile with market capitalisation and key ratios, see market cap of Enovix Corp.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $249.40 Million | $-108.63 Million | -0.436x | -46.92% |
| 2023-12-31 | $261.10 Million | $-77.41 Million | -0.296x | -27.71% |
| 2022-12-31 | $356.43 Million | $-82.74 Million | -0.232x | -46.42% |
| 2021-12-31 | $326.12 Million | $-51.70 Million | -0.159x | +71.36% |
| 2020-12-31 | $36.22 Million | $-20.05 Million | -0.554x | +81.30% |
| 2019-12-31 | $3.71 Million | $-10.98 Million | -2.961x | -- |
About Enovix Corp
Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2007 and is headquartered in Fremont, California.