Golden Ocean Group Ltd (GOGL) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Golden Ocean Group Ltd (GOGL) has a cash flow conversion efficiency ratio of -0.002x as of March 2025. 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 ($-3.33 Million) by net assets ($1.83 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See GOGL defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Golden Ocean Group Ltd - Cash Flow Conversion Efficiency Trend (1997–2024)
This chart illustrates how Golden Ocean Group Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Golden Ocean Group Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Golden Ocean Group Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
DoubleVerify Holdings Inc
NYSE:DV
|
0.004x |
|
Premier Investments Ltd
AU:PMV
|
0.041x |
|
Spartan Delta Corp
TO:SDE
|
0.139x |
|
Yutong Optical
SHE:300790
|
0.026x |
|
Reinsurance Group of America Inc
NYSE:RZB
|
0.215x |
|
Lier Chemical Co Ltd
SHE:002258
|
0.070x |
|
Vermilion Energy Inc.
TO:VET
|
0.111x |
|
Chengzhi Shareholding Co Ltd
SHE:000990
|
0.016x |
Annual Cash Flow Conversion Efficiency for Golden Ocean Group Ltd (1997–2024)
The table below shows the annual cash flow conversion efficiency of Golden Ocean Group Ltd from 1997 to 2024. For the full company profile with market capitalisation and key ratios, see market cap of Golden Ocean Group Ltd.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $1.90 Billion | $365.30 Million | 0.192x | +38.74% |
| 2023-12-31 | $1.92 Billion | $266.34 Million | 0.139x | -47.22% |
| 2022-12-31 | $1.92 Billion | $503.39 Million | 0.263x | -9.62% |
| 2021-12-31 | $1.93 Billion | $560.40 Million | 0.291x | +182.77% |
| 2020-12-31 | $1.37 Billion | $140.64 Million | 0.103x | -1.85% |
| 2019-12-31 | $1.51 Billion | $158.43 Million | 0.105x | -14.50% |
| 2018-12-31 | $1.52 Billion | $186.54 Million | 0.122x | +93.34% |
| 2017-12-31 | $1.49 Billion | $94.62 Million | 0.063x | +440.29% |
| 2016-12-31 | $1.24 Billion | $-23.05 Million | -0.019x | -45.44% |
| 2015-12-31 | $1.16 Billion | $-14.83 Million | -0.013x | -145.51% |
| 2014-12-31 | $884.27 Million | $24.86 Million | 0.028x | -29.79% |
| 2013-12-31 | $307.44 Million | $12.31 Million | 0.040x | -69.78% |
| 2012-12-31 | $277.69 Million | $36.80 Million | 0.133x | +11.95% |
| 2011-12-31 | $359.93 Million | $42.61 Million | 0.118x | -28.77% |
| 2010-12-31 | $375.90 Million | $62.47 Million | 0.166x | +15.26% |
| 2009-12-31 | $239.71 Million | $34.56 Million | 0.144x | -54.01% |
| 2008-12-31 | $222.31 Million | $69.69 Million | 0.313x | +43.95% |
| 2007-12-31 | $221.28 Million | $48.19 Million | 0.218x | -43.16% |
| 2006-12-31 | $179.19 Million | $68.65 Million | 0.383x | +6.55% |
| 2005-12-31 | $195.03 Million | $70.13 Million | 0.360x | -22.79% |
| 2004-12-31 | $228.87 Million | $106.59 Million | 0.466x | +89.60% |
| 2003-12-31 | $215.53 Million | $52.94 Million | 0.246x | +65.86% |
| 2002-12-31 | $208.64 Million | $30.90 Million | 0.148x | -53.23% |
| 2001-12-31 | $229.08 Million | $72.53 Million | 0.317x | +85.40% |
| 2000-12-31 | $277.22 Million | $47.34 Million | 0.171x | +25.57% |
| 1999-12-31 | $273.98 Million | $37.26 Million | 0.136x | -15.77% |
| 1998-12-31 | $292.19 Million | $47.18 Million | 0.161x | +136.00% |
| 1997-12-31 | $315.16 Million | $21.56 Million | 0.068x | -- |
About Golden Ocean Group Ltd
Golden Ocean Group Limited owns and operates a fleet of dry bulk vessels. The company also transports bulk commodities, including ores, coal, grains, and fertilizers. Golden Ocean Group Limited was formerly knowns as Knightsbridge Shipping Limited and changed its name to Golden Ocean Group Limited in March 2015. The company incorporated in 1996 and is headquartered in Hamilton, Bermuda. As of Aug… Read more