Plug Power Inc (PLUG) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Plug Power Inc (PLUG) has a cash flow conversion efficiency ratio of -0.060x 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 ($-89.81 Million) by net assets ($1.50 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Plug Power Inc - Cash Flow Conversion Efficiency Trend (1998–2024)
This chart illustrates how Plug Power Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read PLUG liabilities breakdown for a breakdown of total debt and financial obligations.
Plug Power Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Plug Power Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
CLARIANT ADR 1/SF 4
F:CLRS
|
N/A |
|
Jiangsu Eazytec Co Ltd
SHG:688258
|
0.025x |
|
Acer Inc
TW:2353
|
-0.033x |
|
Shanghai Feilo Acoustics Co Ltd
SHG:600651
|
0.054x |
|
Fibocom Wireless Inc
SHE:300638
|
0.087x |
|
Pinnacle Investment Management Group Ltd
AU:PNI
|
0.089x |
|
Arcutis Biotherapeutics Inc
NASDAQ:ARQT
|
0.138x |
|
HEXPOL AB (publ)
ST:HPOL-B
|
0.066x |
Annual Cash Flow Conversion Efficiency for Plug Power Inc (1998–2024)
The table below shows the annual cash flow conversion efficiency of Plug Power Inc from 1998 to 2024. For the full company profile with market capitalisation and key ratios, see how much is Plug Power Inc worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $1.81 Billion | $-728.64 Million | -0.403x | -5.56% |
| 2023-12-31 | $2.90 Billion | $-1.11 Billion | -0.382x | -149.71% |
| 2022-12-31 | $4.06 Billion | $-620.83 Million | -0.153x | -96.62% |
| 2021-12-31 | $4.61 Billion | $-358.18 Million | -0.078x | +70.68% |
| 2020-12-31 | $586.26 Million | $-155.48 Million | -0.265x | -16.65% |
| 2019-12-31 | $234.56 Million | $-53.32 Million | -0.227x | +98.94% |
| 2018-12-31 | $2.71 Million | $-58.35 Million | -21.508x | -2531.93% |
| 2017-12-31 | $73.65 Million | $-60.18 Million | -0.817x | -134.62% |
| 2016-12-31 | $85.09 Million | $-29.64 Million | -0.348x | +8.10% |
| 2015-12-31 | $124.74 Million | $-47.27 Million | -0.379x | -47.10% |
| 2014-12-31 | $158.28 Million | $-40.78 Million | -0.258x | -117.13% |
| 2013-12-31 | $-17.87 Million | $-26.88 Million | 1.504x | +212.11% |
| 2012-12-31 | $15.03 Million | $-20.16 Million | -1.342x | -16.95% |
| 2011-12-31 | $29.04 Million | $-33.31 Million | -1.147x | -20.75% |
| 2010-12-31 | $42.91 Million | $-40.77 Million | -0.950x | -119.37% |
| 2009-12-31 | $88.27 Million | $-38.23 Million | -0.433x | +3.69% |
| 2008-12-31 | $125.86 Million | $-56.60 Million | -0.450x | -126.97% |
| 2007-12-31 | $248.90 Million | $-49.31 Million | -0.198x | -26.55% |
| 2006-12-31 | $294.53 Million | $-46.11 Million | -0.157x | +50.94% |
| 2005-12-31 | $124.95 Million | $-39.87 Million | -0.319x | +3.88% |
| 2004-12-31 | $102.11 Million | $-33.90 Million | -0.332x | -25.99% |
| 2003-12-31 | $144.29 Million | $-38.02 Million | -0.263x | +33.80% |
| 2002-12-31 | $92.70 Million | $-36.89 Million | -0.398x | +2.81% |
| 2001-12-31 | $135.00 Million | $-55.29 Million | -0.410x | +16.13% |
| 2000-12-31 | $134.13 Million | $-65.49 Million | -0.488x | -314.27% |
| 1999-12-31 | $201.41 Million | $-23.74 Million | -0.118x | +91.36% |
| 1998-12-31 | $5.50 Million | $-7.50 Million | -1.364x | -- |
About Plug Power Inc
Plug Power Inc. develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen fueled proton exchange membrane fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirem… Read more