Forward Industries Inc (FORD) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Forward Industries Inc (FORD) has a cash flow conversion efficiency ratio of -0.002x 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 ($-2.30 Million) by net assets ($1.47 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Forward Industries Inc balance sheet quality to measure how much of total assets are equity-financed.
Forward Industries Inc - Cash Flow Conversion Efficiency Trend (1995–2025)
This chart illustrates how Forward Industries Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check cash flow quality index of Forward Industries Inc to evaluate the quality of earnings relative to operating cash generation.
Forward Industries Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Forward Industries Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Catapult Group International Ltd
AU:CAT
|
0.334x |
|
Dor Alon
TA:DRAL
|
0.005x |
|
Jiangmen iDear-Hanyu Electrical Joint-Stock Co Ltd
SHE:300403
|
0.033x |
|
Xinjiang Qingsong Building Materials and Chemicals Group Co Ltd
SHG:600425
|
0.028x |
|
Gujarat Pipavav Port Limited
NSE:GPPL
|
0.085x |
|
Nanjing Red Sun Co Ltd
SHE:000525
|
0.021x |
|
PMB Technology Bhd
KLSE:7172
|
-0.025x |
|
Chief Telecom Inc
TWO:6561
|
0.122x |
Annual Cash Flow Conversion Efficiency for Forward Industries Inc (1995–2025)
The table below shows the annual cash flow conversion efficiency of Forward Industries Inc from 1995 to 2025. For the full company profile with market capitalisation and key ratios, see FORD market cap overview.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-09-30 | $1.47 Billion | $-4.90 Million | -0.003x | -102.43% |
| 2024-09-30 | $2.97 Million | $407.12K | 0.137x | -65.52% |
| 2023-09-30 | $2.62 Million | $1.04 Million | 0.398x | +62.46% |
| 2022-09-30 | $6.27 Million | $1.53 Million | 0.245x | +445.07% |
| 2021-09-30 | $7.44 Million | $-528.31K | -0.071x | -77.70% |
| 2020-09-30 | $6.58 Million | $-262.95K | -0.040x | +84.36% |
| 2019-09-30 | $7.71 Million | $-1.97 Million | -0.255x | -396.42% |
| 2018-09-30 | $11.10 Million | $956.49K | 0.086x | +659.12% |
| 2017-09-30 | $8.93 Million | $-137.64K | -0.015x | -116.40% |
| 2016-09-30 | $8.17 Million | $768.28K | 0.094x | +134.09% |
| 2015-09-30 | $7.33 Million | $-2.02 Million | -0.276x | -1180.28% |
| 2014-09-30 | $9.19 Million | $234.47K | 0.026x | -89.35% |
| 2013-09-30 | $9.39 Million | $2.25 Million | 0.240x | +120.40% |
| 2012-09-30 | $9.19 Million | $-10.79 Million | -1.174x | -1123.27% |
| 2011-09-30 | $18.68 Million | $-1.79 Million | -0.096x | -20.40% |
| 2010-09-30 | $21.21 Million | $-1.69 Million | -0.080x | -609.91% |
| 2009-09-30 | $22.52 Million | $352.09K | 0.016x | +189.33% |
| 2008-09-30 | $23.71 Million | $-414.87K | -0.017x | -123.00% |
| 2007-09-30 | $24.42 Million | $1.86 Million | 0.076x | -40.75% |
| 2006-09-30 | $24.95 Million | $3.20 Million | 0.128x | -58.77% |
| 2005-09-30 | $22.84 Million | $7.11 Million | 0.311x | +12.86% |
| 2004-09-30 | $7.62 Million | $2.10 Million | 0.276x | +59.56% |
| 2003-09-30 | $5.30 Million | $915.76K | 0.173x | -42.12% |
| 2002-09-30 | $3.70 Million | $1.11 Million | 0.299x | +235.58% |
| 2001-09-30 | $2.85 Million | $-627.64K | -0.220x | -258.91% |
| 2000-09-30 | $5.16 Million | $715.81K | 0.139x | +1.03% |
| 1999-09-30 | $5.10 Million | $700.00K | 0.137x | +148.04% |
| 1998-09-30 | $3.50 Million | $-1.00 Million | -0.286x | -500.00% |
| 1997-09-30 | $4.20 Million | $300.00K | 0.071x | +107.77% |
| 1996-09-30 | $3.70 Million | $-3.40 Million | -0.919x | -138.92% |
| 1995-09-30 | $1.30 Million | $-500.00K | -0.385x | -- |
About Forward Industries Inc
Forward Industries, Inc., together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions. The company operates through OEM Distribution and Design segments. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and other portable electronic and non-electronic pr… Read more