Grindrod Shipping Holdings Ltd (GRIN) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Grindrod Shipping Holdings Ltd (GRIN) has a cash flow conversion efficiency ratio of 0.127x as of December 2023. 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 ($31.32 Million) by net assets ($246.12 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Grindrod Shipping Holdings Ltd net asset quality index to measure how much of total assets are equity-financed.
Grindrod Shipping Holdings Ltd - Cash Flow Conversion Efficiency Trend (2015–2023)
This chart illustrates how Grindrod Shipping Holdings Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Grindrod Shipping Holdings Ltd cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Grindrod Shipping Holdings Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Grindrod Shipping Holdings Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Beijing Fjr Optoelectronic Technology Co Ltd
SHG:688272
|
-0.043x |
|
Shanghai Kai Kai Industry Co Ltd A
SHG:600272
|
0.021x |
|
SilverBox Corp V
NYSE:SBXE
|
-0.001x |
|
China Metal Products Co Ltd
TW:1532
|
0.089x |
|
Gedik Yatirim Menkul Degerler AS
IS:GEDIK
|
-0.435x |
|
El-Mor Electric Installation & Services 1986 Ltd
TA:ELMR
|
0.136x |
|
Trailblazer Acquisition Corp. Class A Ordinary Shares
NASDAQ:BLZR
|
0.017x |
|
Xinjiang Tianshun Supply Chain Co Ltd
SHE:002800
|
-0.116x |
Annual Cash Flow Conversion Efficiency for Grindrod Shipping Holdings Ltd (2015–2023)
The table below shows the annual cash flow conversion efficiency of Grindrod Shipping Holdings Ltd from 2015 to 2023. For the full company profile with market capitalisation and key ratios, see Grindrod Shipping Holdings Ltd (GRIN) market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $246.12 Million | $155.12 Million | 0.630x | -2.61% |
| 2022-12-31 | $287.45 Million | $186.03 Million | 0.647x | +0.98% |
| 2021-12-31 | $319.63 Million | $204.85 Million | 0.641x | +131.30% |
| 2020-12-31 | $254.02 Million | $70.38 Million | 0.277x | +229.63% |
| 2019-12-31 | $260.06 Million | $-55.59 Million | -0.214x | -67.35% |
| 2018-12-31 | $292.50 Million | $-37.36 Million | -0.128x | -1310.02% |
| 2017-12-31 | $319.74 Million | $3.38 Million | 0.011x | +118.03% |
| 2016-12-31 | $363.10 Million | $-21.26 Million | -0.059x | -120.38% |
| 2015-12-31 | $399.08 Million | $114.66 Million | 0.287x | -- |
About Grindrod Shipping Holdings Ltd
Grindrod Shipping Holdings Ltd., an international shipping company, engages in owning, chartering, and operating a fleet of dry bulk carriers worldwide. It operates through three segments: Handysize, Supramax/Ultramax, and Others. The company operates a fleet of vessels comprising handysize and supramax/ultramax dry bulk carriers transporting various bulk and breakbulk commodities, including ores… Read more