Fortune Rise Acquisition Corp Cash Flow Conversion Efficiency
Fortune Rise Acquisition Corp cash flow conversion efficiency. 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.
Cash Flow Conversion Efficiency of Fortune Rise Acquisition Corp (2021–2023)
Cash flow conversion efficiency of Fortune Rise Acquisition Corp from 2021 to 2023. This chart illustrates how Fortune Rise Acquisition Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Fortune Rise Acquisition Corp stock quote for real-time trading data and today's change.
Fortune Rise Acquisition Corp Cash Flow Conversion Ratio Explained
Fortune Rise Acquisition Corp cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
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. Also see Fortune Rise Acquisition Corp (FRLA) market capitalisation for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Pilot Energy Ltd
AU:PGY
|
-0.287x |
|
Dataprep Holdings Bhd
KLSE:8338
|
-0.366x |
|
European Electric Metals Inc
V:EVX
|
-0.631x |
|
Dare Bioscience Inc
NASDAQ:DARE
|
0.508x |
|
HK Metals Utama Tbk PT
JK:HKMU
|
0.222x |
|
Ostasiatiske Kompagni A/S
CO:OKEAC
|
0.523x |
|
Polygiene AB
ST:POLYG
|
0.000x |
|
NeuroMetrix Inc
NASDAQ:NURO
|
-0.132x |
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. Review FRLA financial flexibility index to assess the company's free cash flow relative to its total liabilities.
| 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 | -- |
About 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.