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 IXAQ defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
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.
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 |
|---|---|
|
JITF Infralogistics Limited
NSE:JITFINFRA
|
0.323x |
|
Bluemount Holdings Limited Class B Ordinary Shares
NASDAQ:BMHL
|
-0.105x |
|
Micropolis Holding Company
NYSE:MCRP
|
0.063x |
|
R. Stahl AG NA O.N.
F:RSL2
|
0.055x |
|
Gateway Mining Ltd
AU:GML
|
-0.013x |
|
Questerre Energy Corporation
TO:QEC
|
0.010x |
|
ASUNTOSALKKU A EO 1
F:H57
|
N/A |
|
Gambling.com Group Ltd
NASDAQ:GAMB
|
-0.011x |
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 IXAQ market cap overview.
| 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