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. Also see ENVX market cap overview for the company's overall valuation and market capitalisation.
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. Explore Enovix Corp (ENVX) cash earnings ratio to measure how well operating cash flow supports reported net income.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Shandong Molong Petroleum Machinery Co Ltd
SHE:002490
|
-0.063x |
|
Beijing Sanlian Hope Shin-Gosen Technical Service Co Ltd
SHE:300384
|
-0.003x |
|
Dogu Aras Enerji Yatirimlari AS
IS:ARASE
|
0.075x |
|
Groupe CRIT SA
PA:CEN
|
0.112x |
|
Cloudberry Clean Energy As
OL:CLOUD
|
0.013x |
|
ZYF Lopsking Aluminum Co Ltd
SHE:002333
|
0.000x |
|
Nantong Square Cold Chain Equipment Co Ltd
SHG:603339
|
0.049x |
|
ADTRAN Inc
NASDAQ:ADTN
|
0.025x |
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. View Enovix Corp (ENVX) stock price for real-time trading data and today's change.
| 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.