Nikola Corp Cash Flow Conversion Efficiency
Nikola Corp cash flow conversion efficiency. 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.
Cash Flow Conversion Efficiency of Nikola Corp (2018–2023)
Cash flow conversion efficiency of Nikola Corp from 2018 to 2023. This chart illustrates how Nikola Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. View current stock price of Nikola Corp for real-time trading data and today's change.
Nikola Corp Cash Flow Conversion Ratio Explained
Nikola Corp 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.
Nikola Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Nikola Corp ranked by their cash flow conversion efficiency. Also see NKLA market cap overview for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
East Side Games Group Inc
TO:EAGR
|
-0.009x |
|
Kolon Global Corp
KO:003075
|
0.132x |
|
Manas Enerji Yonetimi Sanayi & Ticaret AS
IS:MANAS
|
-0.018x |
|
Industronics Bhd
KLSE:9393
|
-0.423x |
|
Rank Group PLC
LSE:RNK
|
0.163x |
|
European Opportunities Trust plc
LSE:EOT
|
-0.002x |
|
JPMorgan UK Small Cap Growth & Income Plc
LSE:JUGI
|
0.009x |
|
Sonoma Pharmaceuticals Inc
NASDAQ:SNOA
|
-0.098x |
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. Review financial flexibility index of Nikola Corp to assess the company's free cash flow relative to its total liabilities.
| 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 | -- |
About 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