Shoals Technologies Group Inc (SHLS) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Shoals Technologies Group Inc (SHLS) has a cash flow conversion efficiency ratio of 0.033x 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 ($19.42 Million) by net assets ($589.64 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Shoals Technologies Group Inc (SHLS) balance sheet quality index to measure how much of total assets are equity-financed.
Shoals Technologies Group Inc - Cash Flow Conversion Efficiency Trend (2018–2024)
This chart illustrates how Shoals Technologies Group Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Shoals Technologies Group Inc (SHLS) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
Shoals Technologies Group Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Shoals Technologies Group Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Zhejiang Dayuan Pumps Ind Co
SHG:603757
|
-0.003x |
|
Hubei Zhongyi Science Technology Co. Ltd.
SHE:301150
|
0.004x |
|
Sildarvinnslan Hf.
IC:SVN
|
0.030x |
|
SÜSS MicroTec SE
F:SMHN
|
0.019x |
|
Shenzhen Dynanonic Co Ltd
SHE:300769
|
-0.044x |
|
SALZGITTER UNSP.ADR 1/10
F:SZGA
|
0.053x |
|
TX Group AG
SW:TXGN
|
0.039x |
|
Viridian Therapeutics Inc
NASDAQ:VRDN
|
-0.188x |
Annual Cash Flow Conversion Efficiency for Shoals Technologies Group Inc (2018–2024)
The table below shows the annual cash flow conversion efficiency of Shoals Technologies Group Inc from 2018 to 2024. For the full company profile with market capitalisation and key ratios, see Shoals Technologies Group Inc (SHLS) total market value.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $556.80 Million | $80.39 Million | 0.144x | -14.43% |
| 2023-12-31 | $545.00 Million | $91.95 Million | 0.169x | +28.72% |
| 2022-12-31 | $300.99 Million | $39.45 Million | 0.131x | -75.93% |
| 2021-12-31 | $-7.50 Million | $-4.08 Million | 0.545x | +285.39% |
| 2020-12-31 | $-184.12 Million | $54.08 Million | -0.294x | -221.69% |
| 2019-12-31 | $149.91 Million | $36.18 Million | 0.241x | +1012.18% |
| 2018-12-31 | $138.28 Million | $3.00 Million | 0.022x | -- |
About Shoals Technologies Group Inc
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally. The company designs, manufactures, and sells various products used by the solar and battery storage industries, including solar big lead assembly (BLA) solutions, a plug-and-play cable and cabinet solutions; homeruns, interconnection, and extension soluti… Read more