RMG Acquisition Corp. III (RMGCF) - Cash Flow Conversion Efficiency
Based on the latest financial reports, RMG Acquisition Corp. III (RMGCF) has a cash flow conversion efficiency ratio of 0.034x as of September 2023. 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 ($-376.13K) by net assets ($-11.04 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
RMG Acquisition Corp. III - Cash Flow Conversion Efficiency Trend (2021–2022)
This chart illustrates how RMG Acquisition Corp. III's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read RMGCF total debt and obligations for a breakdown of total debt and financial obligations.
RMG Acquisition Corp. III Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of RMG Acquisition Corp. III ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
SolarBank Corporation Common Stock
NASDAQ:SUUN
|
0.100x |
|
HarbourVest Global Private Equity Ltd
LSE:HVPE
|
0.027x |
|
Antilles Gold Ltd
AU:AAU
|
-0.006x |
|
Turism Hotelur
RO:EFO
|
N/A |
|
SHH Resources Holdings Bhd
KLSE:7412
|
0.008x |
|
GFM Services Bhd
KLSE:0039
|
0.045x |
|
DIAMINES AND CHEMICALS ORD (BSE)
NSE:DIAMINESQ
|
-0.046x |
|
Workhorse Group Inc
NASDAQ:WKHS
|
-0.343x |
Annual Cash Flow Conversion Efficiency for RMG Acquisition Corp. III (2021–2022)
The table below shows the annual cash flow conversion efficiency of RMG Acquisition Corp. III from 2021 to 2022. For the full company profile with market capitalisation and key ratios, see RMGCF company net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2022-09-30 | $467.98 Million | $-614.58K | -0.001x | +74.77% |
| 2021-09-30 | $452.10 Million | $-2.35 Million | -0.005x | -- |
About RMG Acquisition Corp. III
RMG Acquisition Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. RMG Acquisition Corp. III was incorporated in 2020 and is based in Miami Beach, Florida. RMG Acquisition Corp. III is a subsidiary of RMG Sponsor III, LLC.