iCoreConnect Inc. Common stock Cash Flow Conversion Efficiency
iCoreConnect Inc. Common stock cash flow conversion efficiency. Based on the latest financial reports, iCoreConnect Inc. Common stock (ICCT) has a cash flow conversion efficiency ratio of 0.083x as of September 2024. 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 ($-250.46K) by net assets ($-3.02 Million). 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 iCoreConnect Inc. Common stock (2006–2023)
Cash flow conversion efficiency of iCoreConnect Inc. Common stock from 2006 to 2023. This chart illustrates how iCoreConnect Inc. Common stock's cash flow conversion efficiency has evolved over time, based on yearly financial data. View ICCT stock price and chart for real-time trading data and today's change.
iCoreConnect Inc. Common stock Cash Flow Conversion Ratio Explained
iCoreConnect Inc. Common stock 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.
iCoreConnect Inc. Common stock Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of iCoreConnect Inc. Common stock ranked by their cash flow conversion efficiency. Also see iCoreConnect Inc. Common stock market cap and net worth for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Casa Minerals Inc
V:CASA
|
0.040x |
|
Dogness International Corp Class A
NASDAQ:DOGZ
|
-0.017x |
|
Taoping Inc
NASDAQ:TAOP
|
-0.131x |
|
IT Tech Packaging Inc
NYSE MKT:ITP
|
0.010x |
|
Schroder UK Mid Cap Fund PLC
LSE:SCP
|
0.003x |
|
Shin Hwa Silup
KO:001770
|
-0.042x |
|
Eastfield Resources Ltd
V:ETF
|
-0.094x |
|
Rebosis Property Fund Ltd
JSE:REA
|
-0.010x |
Annual Cash Flow Conversion Efficiency for iCoreConnect Inc. Common stock (2006–2023)
The table below shows the annual cash flow conversion efficiency of iCoreConnect Inc. Common stock from 2006 to 2023. Review free cash flow generation of iCoreConnect Inc. Common stock 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 |
|---|---|---|---|---|
| 2023-12-31 | $4.44 Million | $-8.82 Million | -1.986x | -490.21% |
| 2022-12-31 | $-2.50 Million | $-1.27 Million | 0.509x | +117.66% |
| 2021-12-31 | $1.01 Million | $-2.90 Million | -2.881x | -242.62% |
| 2020-12-31 | $-628.94K | $-1.27 Million | 2.020x | +156.35% |
| 2019-12-31 | $465.00K | $-1.67 Million | -3.585x | -274.42% |
| 2018-12-31 | $-958.00K | $-1.97 Million | 2.055x | +36.79% |
| 2017-12-31 | $-1.18 Million | $-1.77 Million | 1.503x | +94.20% |
| 2016-12-31 | $-2.26 Million | $-1.75 Million | 0.774x | +521.11% |
| 2015-12-31 | $-12.96 Million | $-1.61 Million | 0.125x | -3.24% |
| 2013-12-31 | $-12.79 Million | $-1.65 Million | 0.129x | +86.80% |
| 2012-12-31 | $-7.92 Million | $-545.84K | 0.069x | -86.09% |
| 2011-12-31 | $-2.57 Million | $-1.27 Million | 0.495x | +2.49% |
| 2010-12-31 | $-3.56 Million | $-1.72 Million | 0.483x | +117.94% |
| 2009-12-31 | $941.34K | $-2.54 Million | -2.694x | -387.89% |
| 2008-12-31 | $4.11 Million | $-2.27 Million | -0.552x | -21.84% |
| 2006-12-31 | $7.46 Million | $-3.38 Million | -0.453x | -- |
About iCoreConnect Inc. Common stock
iCoreConnect Inc., a cloud-based software and technology company, provides Health Insurance Portability and Accountability Act (HIPAA) compliant cloud-based software as a service (SaaS) in the United States. The company's products include iCoreRx, a HIPAA compliant electronic prescription software; iCorePDMP, a solution that checks the patient's Prescription Drug Monitoring Program (PDMP) history… Read more