Shopify Inc (SHOP) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Shopify Inc (SHOP) has a cash flow conversion efficiency ratio of 0.041x 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 ($513.00 Million) by net assets ($12.50 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Shopify Inc (SHOP) net assets for net asset value and shareholders' equity analysis.
Shopify Inc - Cash Flow Conversion Efficiency Trend (2013–2024)
This chart illustrates how Shopify Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. For the full company profile with market capitalisation and key ratios, see Shopify Inc (SHOP) market capitalisation.
Shopify Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Shopify Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
L’Oreal SA
PA:OR
|
0.247x |
|
Hermes International SCA
PA:RMS
|
0.285x |
|
HERMES INTL UNSP.ADR 1/10
F:HMIA
|
N/A |
|
SAP SE
F:SAPA
|
0.035x |
|
SAP SE
F:SAP
|
0.035x |
|
Verizon Communications Inc
SA:VERZ34
|
0.356x |
|
Nextera Energy Inc
NYSE:NEE
|
0.038x |
|
Mitsubishi UFJ Financial Group Inc ADR
NYSE:MUFG
|
0.023x |
Annual Cash Flow Conversion Efficiency for Shopify Inc (2013–2024)
The table below shows the annual cash flow conversion efficiency of Shopify Inc from 2013 to 2024. Read SHOP current and long-term liabilities for a breakdown of total debt and financial obligations.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $11.56 Billion | $1.62 Billion | 0.140x | +34.28% |
| 2023-12-31 | $9.07 Billion | $944.00 Million | 0.104x | +730.80% |
| 2022-12-31 | $8.24 Billion | $-136.00 Million | -0.017x | -134.31% |
| 2021-12-31 | $11.13 Billion | $535.71 Million | 0.048x | -27.53% |
| 2020-12-31 | $6.40 Billion | $424.96 Million | 0.066x | +183.54% |
| 2019-12-31 | $3.02 Billion | $70.61 Million | 0.023x | +425.06% |
| 2018-12-31 | $2.09 Billion | $9.32 Million | 0.004x | -43.49% |
| 2017-12-31 | $1.00 Billion | $7.90 Million | 0.008x | -76.89% |
| 2016-12-31 | $410.48 Million | $14.02 Million | 0.034x | -57.67% |
| 2015-12-31 | $195.32 Million | $15.76 Million | 0.081x | +782.13% |
| 2014-12-31 | $67.73 Million | $-801.00K | -0.012x | -172.33% |
| 2013-12-31 | $85.38 Million | $1.40 Million | 0.016x | -- |
About Shopify Inc
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, s… Read more