RMG Acquisition Corp. III Cash Flow Conversion Efficiency
RMG Acquisition Corp. III 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.
Cash Flow Conversion Efficiency of RMG Acquisition Corp. III (2021–2022)
Cash flow conversion efficiency of RMG Acquisition Corp. III from 2021 to 2022. This chart illustrates how RMG Acquisition Corp. III's cash flow conversion efficiency has evolved over time, based on yearly financial data. View RMG Acquisition Corp. III (RMGCF) stock price for real-time trading data and today's change.
RMG Acquisition Corp. III Cash Flow Conversion Ratio Explained
RMG Acquisition Corp. III 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.
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. Also see RMGCF market cap for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Nord Insuretech Group AB
ST:NORDIG
|
0.533x |
|
Findi Ltd
AU:FND
|
-0.483x |
|
Taiming Assurance Broker Co Ltd
TWO:5878
|
0.011x |
|
WIIK Public Company Limited
BK:WIIK
|
0.009x |
|
SHH Resources Holdings Bhd
KLSE:7412
|
0.048x |
|
Texxon Holding Ltd.
NASDAQ:NPT
|
N/A |
|
Cpt Drives & Power Pcl
BK:CPT
|
-0.152x |
|
Tons Lightology
TWO:4972
|
-0.012x |
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. Review RMGCF financial flexibility index to assess the company's free cash flow relative to its total liabilities.
| 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.