BingEx Ltd
BingEx Limited, through its subsidiaries, engages in the provision of on-demand dedicated courier services under the FlashEx brand name in the People's Republic of China. The company offers Flash-Riders as service who provides the courier services. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. Th… Read more
BingEx Ltd (FLX) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2024: -0.024x
Based on the latest financial reports, BingEx Ltd (FLX) has a cash flow conversion efficiency ratio of -0.024x 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 ($56.60 Million) by net assets ($-2.40 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
BingEx Ltd - Cash Flow Conversion Efficiency Trend (2019–2024)
This chart illustrates how BingEx Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
BingEx Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of BingEx Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Nevro Corp
NYSE:NVRO
|
0.080x |
|
Coremax Corp
TW:4739
|
-0.027x |
|
Seoul Food Ind Co Ltd
KO:004415
|
-0.015x |
|
Addnode Group AB Series B
LSE:0GMG
|
0.119x |
|
Jiangnan Yifan Motor Co.Ltd
SHE:301023
|
N/A |
|
Zhejiang Aishida Electric Co Ltd
SHE:002403
|
-0.054x |
|
Soyea Technology Co Ltd
SHE:000909
|
0.022x |
|
Fanli Digital Technology Co Ltd
SHG:600228
|
-0.081x |
Annual Cash Flow Conversion Efficiency for BingEx Ltd (2019–2024)
The table below shows the annual cash flow conversion efficiency of BingEx Ltd from 2019 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $747.06 Million | $2.19 Million | 0.003x | +115.59% |
| 2023-12-31 | $-2.43 Billion | $45.71 Million | -0.019x | -150.98% |
| 2022-12-31 | $-2.35 Billion | $-86.82 Million | 0.037x | -64.54% |
| 2021-12-31 | $-1.87 Billion | $-194.91 Million | 0.104x | -1.04% |
| 2020-12-31 | $-1.48 Billion | $-155.48 Million | 0.105x | -56.85% |
| 2019-12-31 | $-1.28 Billion | $-311.47 Million | 0.243x | -- |