Forza X1 Inc Cash Flow Conversion Efficiency
Forza X1 Inc 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.
Cash Flow Conversion Efficiency of Forza X1 Inc (2021–2023)
Cash flow conversion efficiency of Forza X1 Inc from 2021 to 2023. This chart illustrates how Forza X1 Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. View FRZA live share price for real-time trading data and today's change.
Forza X1 Inc Cash Flow Conversion Ratio Explained
Forza X1 Inc 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.
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. Also see Forza X1 Inc market cap and net worth for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
NEOMETALS LTD SP.ADS/10
F:9R91
|
N/A |
|
Haffner Energy SA
PA:ALHAF
|
-0.330x |
|
CXApp Inc.
NASDAQ:CXAI
|
-0.124x |
|
Birddog Technology Ltd
AU:BDT
|
-0.302x |
|
CubicFarm Systems Corp
V:CUB
|
0.012x |
|
X2M Connect Ltd
AU:X2M
|
-0.024x |
|
WOODPECKER.CO ZY -10
F:8FG
|
0.066x |
|
Shamaym Improve Ltd
TA:SHMM
|
1.183x |
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. Review Forza X1 Inc free cash flow generation to assess how much free cash flow the company generates relative to operating cash flow.
| 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.