Finnovate Acquisition Corp
Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on the acquisition of Israel-related companies, including companies focused on payments, insuretech, wealt… Read more
Finnovate Acquisition Corp (FNVT) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2024: -0.011x
Based on the latest financial reports, Finnovate Acquisition Corp (FNVT) has a cash flow conversion efficiency ratio of -0.011x as of September 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 ($-247.72K) by net assets ($21.59 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Finnovate Acquisition Corp - Cash Flow Conversion Efficiency Trend (2021–2023)
This chart illustrates how Finnovate Acquisition Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Finnovate Acquisition Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Finnovate Acquisition Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Natural Beauty Bio-Technology Limited
PINK:NBBTF
|
-0.029x |
|
Rimbunan Sawit Bhd
KLSE:5113
|
0.112x |
|
Chungdamglobal Co. Ltd.
KQ:362320
|
-0.095x |
|
Arcario AB
ST:ARCA
|
-0.083x |
|
Hi Sharp Electronics Co Ltd
TWO:3128
|
0.011x |
|
Ssangyong Information & Communications Corp
KQ:010280
|
0.172x |
|
Long Time Technology Co., Ltd.
TWO:6555
|
-0.067x |
|
Daxor Corporation
NASDAQ:DXR
|
0.013x |
Annual Cash Flow Conversion Efficiency for Finnovate Acquisition Corp (2021–2023)
The table below shows the annual cash flow conversion efficiency of Finnovate Acquisition Corp from 2021 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $48.40 Million | $-786.64K | -0.016x | -277.03% |
| 2022-12-31 | $178.08 Million | $-767.59K | -0.004x | -18.83% |
| 2021-12-31 | $176.97 Million | $-641.95K | -0.004x | -- |