Fortune Rise Acquisition Corp (FRLA) - 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. See FRLA net asset quality index to measure how much of total assets are equity-financed.
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. Check how high is Fortune Rise Acquisition Corp's earnings quality to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
Pilot Energy Ltd
AU:PGY
|
-0.287x |
|
RECYCLICO BATTERY METALS
F:ID4
|
-0.015x |
|
Zyrexindo Mandiri Buana PT Tbk
JK:ZYRX
|
0.108x |
|
In8bio Inc
NASDAQ:INAB
|
-0.217x |
|
Discoverie Group PLC
LSE:DSCV
|
0.070x |
|
HK Metals Utama Tbk PT
JK:HKMU
|
0.222x |
|
HiteJinro Co Ltd
KO:000087
|
-0.015x |
|
Q Interline AS
CO:QINTER
|
-3.097x |
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. For the full company profile with market capitalisation and key ratios, see Fortune Rise Acquisition Corp stock valuation.
| 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.