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 defensive interval ratio of Grindrod Shipping Holdings Ltd to measure how many days the company can operate on defensive assets alone.
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.
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 |
|---|---|
|
Opus Genetics, Inc.
NASDAQ:IRD
|
-0.641x |
|
Sidetrade
PA:ALBFR
|
0.086x |
|
MFS Intermediate Income Trust
NYSE:MIN
|
0.046x |
|
Shandong Sino-Agri United Biotechnology Co Ltd
SHE:003042
|
-0.034x |
|
National Aerospace Fasteners Corp
TW:3004
|
-0.010x |
|
Aten International Co Ltd
TW:6277
|
0.034x |
|
Anhui Huangshan Capsule Co Ltd
SHE:002817
|
0.046x |
|
Chien Kuo Construction Co Ltd
TW:5515
|
0.378x |
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 market cap of Grindrod Shipping Holdings Ltd.
| 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