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.
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. Read Shoals Technologies Group Inc (SHLS) financial obligations for a breakdown of total debt and financial obligations.
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 |
|---|---|
|
Harbin Hatou Investment Co Ltd
SHG:600864
|
0.090x |
|
Pavilion Real Estate Inv Trust
KLSE:5212
|
0.098x |
|
Dis-Chem Pharmacies
JSE:DCP
|
0.341x |
|
FLEX LNG Ltd
NYSE:FLNG
|
0.040x |
|
SALZGITTER UNSP.ADR 1/10
F:SZGA
|
0.053x |
|
Greif Inc
NYSE:GEF-B
|
0.038x |
|
Jiangsu Guomao Reducer Co Ltd
SHG:603915
|
0.015x |
|
Tongyu Heavy Industry
SHE:300185
|
0.004x |
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 how much is Shoals Technologies Group Inc worth.
| 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