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. Also see SHLS market cap overview for the company's overall valuation and market capitalisation.
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.
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. Explore Shoals Technologies Group Inc cash earnings quality to measure how well operating cash flow supports reported net income.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Shanghai Taisheng Wind Power
SHE:300129
|
0.049x |
|
Vietnam Export Import Commercial Joint Stock Bank
VN:EIB
|
0.296x |
|
Shaanxi Provincial Natural Gas Co Ltd
SHE:002267
|
0.030x |
|
Myers Industries Inc
NYSE:MYE
|
0.109x |
|
The India Cements Limited
NSE:INDIACEM
|
-0.019x |
|
Celltrion Pharm Inc
KQ:068760
|
0.055x |
|
Nusantara Sawit Sejahtera
JK:NSSS
|
0.079x |
|
Marcus & Millichap Inc
NYSE:MMI
|
0.048x |
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. View Shoals Technologies Group Inc (SHLS) stock price for real-time trading data and today's change.
| 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