Golden Ocean Group Ltd Cash Flow Conversion Efficiency
Golden Ocean Group Ltd 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.
Cash Flow Conversion Efficiency of Golden Ocean Group Ltd (1997–2024)
Cash flow conversion efficiency of Golden Ocean Group Ltd from 1997 to 2024. This chart illustrates how Golden Ocean Group Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. View GOGL stock price for real-time trading data and today's change.
Golden Ocean Group Ltd Cash Flow Conversion Ratio Explained
Golden Ocean Group Ltd 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.
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. Also see how much is Golden Ocean Group Ltd worth for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Telecom Argentina
BA:TECO2
|
0.156x |
|
Harbin Boshi Automation Co Ltd
SHE:002698
|
0.010x |
|
Compania Nationala de Transport al Energiei Electrice Transelectrica SA
RO:TEL
|
0.054x |
|
Indegene Ltd
NSE:INDGN
|
0.065x |
|
Reinsurance Group of America Inc
NYSE:RZB
|
0.215x |
|
Ningbo Yunsheng Co Ltd
SHG:600366
|
-0.014x |
|
Kelington Group Bhd
KLSE:0151
|
-0.065x |
|
ConnectOne Bancorp, Inc.
NASDAQ:CNOB
|
0.021x |
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. Review Golden Ocean Group Ltd free cash flow ratio 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 |
|---|---|---|---|---|
| 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