Hitek Global Inc. Ordinary Share (HKIT) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Hitek Global Inc. Ordinary Share (HKIT) has a cash flow conversion efficiency ratio of -0.037x as of September 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 ($-1.27 Million) by net assets ($34.60 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Hitek Global Inc. Ordinary Share - Cash Flow Conversion Efficiency Trend (2016–2024)
This chart illustrates how Hitek Global Inc. Ordinary Share's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read total liabilities of Hitek Global Inc. Ordinary Share for a breakdown of total debt and financial obligations.
Hitek Global Inc. Ordinary Share Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Hitek Global Inc. Ordinary Share ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
City Chic Collective Ltd
AU:CCX
|
0.048x |
|
Pan Entertainment Co. Ltd
KQ:068050
|
0.062x |
|
Made SA
PA:MLMAD
|
N/A |
|
Revolver Resources Holdings Ltd
AU:RRR
|
-0.027x |
|
American Manganese Inc
V:AMY
|
-0.054x |
|
Pryme BV
OL:PRYME
|
-1.603x |
|
Greenvale Energy Ltd
AU:GRV
|
0.090x |
|
Shape Robotics AS
CO:SHAPE
|
-0.213x |
Annual Cash Flow Conversion Efficiency for Hitek Global Inc. Ordinary Share (2016–2024)
The table below shows the annual cash flow conversion efficiency of Hitek Global Inc. Ordinary Share from 2016 to 2024. For the full company profile with market capitalisation and key ratios, see HKIT market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $35.27 Million | $-688.54K | -0.020x | -793.41% |
| 2023-12-31 | $28.34 Million | $-61.91K | -0.002x | -100.77% |
| 2022-12-31 | $13.53 Million | $3.82 Million | 0.283x | +1829.41% |
| 2021-12-31 | $13.13 Million | $-214.57K | -0.016x | -109.44% |
| 2020-12-31 | $11.17 Million | $1.93 Million | 0.173x | +3482.90% |
| 2019-12-31 | $8.96 Million | $43.27K | 0.005x | -89.42% |
| 2018-12-31 | $7.04 Million | $321.38K | 0.046x | +31.50% |
| 2017-12-31 | $5.18 Million | $179.93K | 0.035x | +542.07% |
| 2016-12-31 | $2.35 Million | $12.70K | 0.005x | -- |
About Hitek Global Inc. Ordinary Share
Hitek Global Inc., through its subsidiaries, provides information technology (IT) consulting and solutions services to small and medium, and large businesses in China. The company offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells software and hardware to large businesses, such as laptops, printers,… Read more