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.
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. Read FRZA current and long-term liabilities for a breakdown of total debt and financial obligations.
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 |
|---|---|
|
Haffner Energy SA
PA:ALHAF
|
-0.330x |
|
Svenska Aerogel Holding AB (publ)
ST:AERO
|
-0.153x |
|
Kistos PLC
LSE:KIST
|
0.478x |
|
Kshitij Polyline Limited
NSE:KSHITIJPOL
|
0.009x |
|
GRI Bio Inc.
NASDAQ:GRI
|
-0.495x |
|
Softimat S.A.
BR:SOFT
|
0.311x |
|
Pembroke VCT PLC
LSE:PEMB
|
-0.007x |
|
CubicFarm Systems Corp
V:CUB
|
0.012x |
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 market value of Forza X1 Inc.
| 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.