Nikola Corp
Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector. In addition, it develops a network of hydrogen fueling stations; and… Read more
Nikola Corp (NKLA) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2024: -0.394x
Based on the latest financial reports, Nikola Corp (NKLA) has a cash flow conversion efficiency ratio of -0.394x 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 ($-149.38 Million) by net assets ($379.25 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Nikola Corp - Cash Flow Conversion Efficiency Trend (2018–2023)
This chart illustrates how Nikola Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Nikola Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Nikola Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Manaksia Aluminium Company Limited
NSE:MANAKALUCO
|
-0.083x |
|
Largo SAS
PA:ALLGO
|
-1.384x |
|
ESE Entertainment Inc
OTCQB:ENTEF
|
-0.052x |
|
SosTravel.com S.P.A.
PINK:SOSAF
|
N/A |
|
CARBON TRANSITION NK 01
F:S5B
|
N/A |
|
Mint Incorporation Limited Class A Ordinary Shares
NASDAQ:MIMI
|
N/A |
|
Global Tech Industries Group Inc
PINK:GTII
|
0.495x |
|
Aurora Energy Metals Ltd
AU:1AE
|
0.261x |
Annual Cash Flow Conversion Efficiency for Nikola Corp (2018–2023)
The table below shows the annual cash flow conversion efficiency of Nikola Corp from 2018 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $719.17 Million | $-496.18 Million | -0.690x | +37.02% |
| 2022-12-31 | $526.48 Million | $-576.71 Million | -1.095x | -147.35% |
| 2021-12-31 | $693.57 Million | $-307.15 Million | -0.443x | -190.51% |
| 2020-12-31 | $987.48 Million | $-150.53 Million | -0.152x | +63.04% |
| 2019-12-31 | $195.51 Million | $-80.63 Million | -0.412x | -79.86% |
| 2018-12-31 | $235.59 Million | $-54.02 Million | -0.229x | -- |