IX Acquisition Corp (IXAQ) - Cash Flow Conversion Efficiency
Based on the latest financial reports, IX Acquisition Corp (IXAQ) has a cash flow conversion efficiency ratio of -0.043x 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 ($-240.78K) by net assets ($5.59 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See net asset quality index of IX Acquisition Corp to measure how much of total assets are equity-financed.
IX Acquisition Corp - Cash Flow Conversion Efficiency Trend (2021–2024)
This chart illustrates how IX Acquisition Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check IXAQ cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
IX Acquisition Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of IX Acquisition Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Epileds Technologies Inc
TW:4956
|
0.021x |
|
Micropolis Holding Company
NYSE:MCRP
|
0.063x |
|
R. Stahl AG NA O.N.
F:RSL2
|
0.055x |
|
Cartier Resources Inc
V:ECR
|
-0.014x |
|
Phenixfin Corporation
NASDAQ:PFX
|
0.000x |
|
MLG OZ Ltd
AU:MLG
|
0.297x |
|
Rimoni
TA:RIMO
|
0.063x |
|
ShareHope Medicine Co Ltd
TWO:8403
|
0.030x |
Annual Cash Flow Conversion Efficiency for IX Acquisition Corp (2021–2024)
The table below shows the annual cash flow conversion efficiency of IX Acquisition Corp from 2021 to 2024. For the full company profile with market capitalisation and key ratios, see market value of IX Acquisition Corp.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $5.34 Million | $-1.39 Million | -0.261x | -843.31% |
| 2023-12-31 | $21.93 Million | $-605.73K | -0.028x | -993.70% |
| 2022-12-31 | $221.17 Million | $-558.68K | -0.003x | +24.67% |
| 2021-12-31 | $211.87 Million | $-710.47K | -0.003x | -- |
About IX Acquisition Corp
IX Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on companies in the technology, media and telecommunications, and information and communication technology industries. The company was incorporated in 2021 and i… Read more