Ridgetech, Inc. (RDGT) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Ridgetech, Inc. (RDGT) has a cash flow conversion efficiency ratio of -0.495x 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 ($-9.95 Million) by net assets ($20.12 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Ridgetech, Inc. - Cash Flow Conversion Efficiency Trend (2010–2025)
This chart illustrates how Ridgetech, Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Ridgetech, Inc. balance sheet liabilities for a breakdown of total debt and financial obligations.
Ridgetech, Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Ridgetech, Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
The Steel Public Company Limited
BK:THE
|
0.156x |
|
Ecolomondo Corp
V:ECM
|
3.144x |
|
Alisa Pankki Oyj
HE:ALISA
|
-0.437x |
|
Zhonglu Co Ltd B
SHG:900915
|
0.048x |
|
Lung Ming Green Energy Technology Engineering Co Ltd
TW:3018
|
-0.180x |
|
ENPlus Co Ltd
KO:074610
|
-0.058x |
|
Cogra 48 Société Anonyme
PA:ALCOG
|
0.147x |
|
Sparc Technologies Ltd
AU:SPN
|
-0.290x |
Annual Cash Flow Conversion Efficiency for Ridgetech, Inc. (2010–2025)
The table below shows the annual cash flow conversion efficiency of Ridgetech, Inc. from 2010 to 2025. For the full company profile with market capitalisation and key ratios, see RDGT market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-03-31 | $29.64 Million | $1.25 Million | 0.042x | +119.07% |
| 2024-03-31 | $14.29 Million | $-3.16 Million | -0.221x | -12.06% |
| 2023-03-31 | $16.67 Million | $-3.28 Million | -0.197x | +16.83% |
| 2022-03-31 | $22.74 Million | $-5.39 Million | -0.237x | -9178.89% |
| 2021-03-31 | $24.40 Million | $-62.29K | -0.003x | +99.31% |
| 2020-03-31 | $18.78 Million | $-6.91 Million | -0.368x | -11.42% |
| 2019-03-31 | $16.97 Million | $-5.60 Million | -0.330x | -200.84% |
| 2018-03-31 | $18.86 Million | $-2.07 Million | -0.110x | -287.64% |
| 2017-03-31 | $26.66 Million | $1.56 Million | 0.058x | -56.31% |
| 2016-03-31 | $19.32 Million | $2.59 Million | 0.134x | +116.98% |
| 2015-03-31 | $17.23 Million | $1.06 Million | 0.062x | +29.54% |
| 2014-03-31 | $14.36 Million | $684.12K | 0.048x | +679.84% |
| 2013-03-31 | $38.15 Million | $-313.34K | -0.008x | -102.15% |
| 2012-03-31 | $52.35 Million | $19.97 Million | 0.381x | +409.50% |
| 2011-03-31 | $42.06 Million | $-5.18 Million | -0.123x | -354.77% |
| 2010-03-31 | $16.69 Million | $807.31K | 0.048x | -- |
About Ridgetech, Inc.
Ridgetech, Inc. operates as a wholesale distributor of pharmaceutical and other healthcare products in the People's Republic of China. It operates through three segments: Retail Drugstores, Online Pharmacy, and Drug Wholesale. The company engages in offline and online wholesale distribution of pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, tra… Read more