Nikola Corp (NKLA) - 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. See NKLA cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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.
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 |
|---|---|
|
Randgold Exploration
JSE:RNG
|
0.000x |
|
Au Gold Corp
V:AUGC
|
-0.023x |
|
East Side Games Group Inc
TO:EAGR
|
-0.009x |
|
IMPRENDIROMA S.P.A.
F:Y37
|
N/A |
|
Pembangunan Graha Lestari Tbk
JK:PGLI
|
0.016x |
|
XiDeLang Holdings Ltd
KLSE:5156
|
-0.142x |
|
Multi-Usage Holdings Bhd
KLSE:9539
|
-0.001x |
|
Cerebra Integrated Technologies Limited
NSE:CEREBRAINT
|
0.016x |
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. For the full company profile with market capitalisation and key ratios, see NKLA market cap.
| 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