Innovative Eyewear Inc. (LUCY) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Innovative Eyewear Inc. (LUCY) has a cash flow conversion efficiency ratio of -0.146x 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 ($-1.50 Million) by net assets ($10.25 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Innovative Eyewear Inc. - Cash Flow Conversion Efficiency Trend (2019–2024)
This chart illustrates how Innovative Eyewear Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Read how much debt does Innovative Eyewear Inc. carry for a breakdown of total debt and financial obligations.
Innovative Eyewear Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Innovative Eyewear Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Oriental Trimex Limited
NSE:ORIENTALTL
|
0.008x |
|
Emico Holdings Bhd
KLSE:9091
|
0.123x |
|
Bumi Citra Permai Tbk
JK:BCIP
|
-0.032x |
|
Elecster Oyj A
HE:ELEAV
|
0.052x |
|
Digistar Corporation Bhd
KLSE:0029
|
0.010x |
|
Computer Forms (Malaysia) Bhd
KLSE:8044
|
-0.017x |
|
Saehwa IMC Co Ltd
KO:145210
|
-0.010x |
|
Electroarges S
RO:ELGS
|
0.068x |
Annual Cash Flow Conversion Efficiency for Innovative Eyewear Inc. (2019–2024)
The table below shows the annual cash flow conversion efficiency of Innovative Eyewear Inc. from 2019 to 2024. For the full company profile with market capitalisation and key ratios, see how much is Innovative Eyewear Inc. worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $9.10 Million | $-6.74 Million | -0.741x | +28.56% |
| 2023-12-31 | $5.56 Million | $-5.77 Million | -1.037x | -29.47% |
| 2022-12-31 | $4.02 Million | $-3.22 Million | -0.801x | +86.31% |
| 2021-12-31 | $207.52K | $-1.21 Million | -5.851x | -7862.72% |
| 2020-12-31 | $-534.19K | $-40.26K | 0.075x | -9.43% |
| 2019-12-31 | $-483.82K | $-40.26K | 0.083x | -- |
About Innovative Eyewear Inc.
Lucyd, Inc engages in the development and sale of smart eyeglasses and sunglasses in North America. Its flagship product is the Lucyd Lyte which enable the wearer to listen to music, take and make calls, and use voice assistants and ChatGPT to perform various smartphone tasks hands-free. It also provides Nautica Powered by Lucyd smart eyewear collection and various branded accessories, including … Read more