Forza X1 Inc (FRZA) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Forza X1 Inc (FRZA) has a cash flow conversion efficiency ratio of -0.075x 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 ($-885.51K) by net assets ($11.78 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See debt-free asset ratio of Forza X1 Inc to measure how much of total assets are equity-financed.
Forza X1 Inc - Cash Flow Conversion Efficiency Trend (2021–2023)
This chart illustrates how Forza X1 Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check cash flow reinvestment rate of Forza X1 Inc to assess the company's total reinvestment commitment from operating cash flow.
Forza X1 Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Forza X1 Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Videndum Plc
LSE:VID
|
-0.201x |
|
Albion Technology & General VCT PLC
LSE:AATG
|
-0.004x |
|
Haffner Energy SA
PA:ALHAF
|
-0.330x |
|
Albright Metals Ltd
AU:ABR
|
-0.128x |
|
Tesoro Minerals Corp.
V:TES
|
-0.178x |
|
Pearl Polymers Limited
NSE:PEARLPOLY
|
-0.121x |
|
Argent Biopharma Ltd
AU:RGT
|
0.379x |
|
AFRICAN PIONEER PLC O.N.
F:9TI
|
N/A |
Annual Cash Flow Conversion Efficiency for Forza X1 Inc (2021–2023)
The table below shows the annual cash flow conversion efficiency of Forza X1 Inc from 2021 to 2023. For the full company profile with market capitalisation and key ratios, see FRZA market cap overview.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $16.02 Million | $-4.15 Million | -0.259x | -5.08% |
| 2022-12-31 | $13.70 Million | $-3.38 Million | -0.247x | -25.05% |
| 2021-12-31 | $1.54 Million | $-304.11K | -0.197x | -- |
About Forza X1 Inc
Forza X1, Inc. engages in designing, developing, and manufacturing electric boats in the United States. It intends to offer its products through a vertically integrated and direct-to-consumer platform. The company was incorporated in 2021 and is headquartered in Fort Pierce, Florida. As of November 26, 2024, Forza X1, Inc. operates as a subsidiary of Twin Vee Powercats Co.