Fortune Rise Acquisition Corp
Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.
Fortune Rise Acquisition Corp (FRLA) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2024: -0.009x
Based on the latest financial reports, Fortune Rise Acquisition Corp (FRLA) has a cash flow conversion efficiency ratio of -0.009x 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 ($-221.34K) by net assets ($24.98 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Fortune Rise Acquisition Corp - Cash Flow Conversion Efficiency Trend (2021–2023)
This chart illustrates how Fortune Rise 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.
Fortune Rise Acquisition Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Fortune Rise Acquisition Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Singular Genomics Systems Inc
NASDAQ:OMIC
|
-0.161x |
|
DLH Holdings Corp
NASDAQ:DLHC
|
-0.043x |
|
INSTAL KRAKÓW SA
WAR:INK
|
0.049x |
|
EMBARK EDUCATION LTD.
F:9EV
|
N/A |
|
Capital & Regional Plc
PINK:CRPLF
|
0.039x |
|
Mobile Appliance Inc.
KQ:087260
|
-0.048x |
|
Pinago Utama Tbk Pt
JK:PNGO
|
0.052x |
|
Anam Electroni
KO:008700
|
-0.061x |
Annual Cash Flow Conversion Efficiency for Fortune Rise Acquisition Corp (2021–2023)
The table below shows the annual cash flow conversion efficiency of Fortune Rise Acquisition Corp from 2021 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $25.79 Million | $-3.19 Million | -0.124x | -1643.85% |
| 2022-12-31 | $97.23 Million | $-689.07K | -0.007x | -149.05% |
| 2021-12-31 | $97.28 Million | $-276.81K | -0.003x | -- |