Belships
Belships ASA owns and operates dry bulk ships worldwide. It operates through Belships and Lighthouse Navigation segments. The company operates a fleet of 38 modern Supra/Ultramax bulk carriers, including newbuildings. It also provides technical, crewing, port agency, and logistical services. The company was founded in 1918 and is headquartered in Oslo, Norway. As of March 7, 2025, Belships ASA wa… Read more
Belships (BELCO) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of December 2024: 0.085x
Based on the latest financial reports, Belships (BELCO) has a cash flow conversion efficiency ratio of 0.085x as of December 2024.
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 (Nkr22.32 Million) by net assets (Nkr261.85 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Belships - Cash Flow Conversion Efficiency Trend (2016–2024)
This chart illustrates how Belships's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Belships Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Belships ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Metro Brands Limited
NSE:METROBRAND
|
0.076x |
|
Columbus McKinnon Corporation
NASDAQ:CMCO
|
0.022x |
|
Nanjing Canatal Data Centre Environmental Tech Co Ltd Class A
SHG:603912
|
-0.015x |
|
Major Drilling Group International Inc
PINK:MJDLF
|
0.037x |
|
Ares Acquisition Corporation II
NYSE:AACT-UN
|
-0.003x |
|
China Bicycle Co Holdings Ltd
SHE:000017
|
-0.044x |
|
MLP SE
PINK:MLPKF
|
-0.089x |
|
Ho Chi Minh City Infrastructure Investment JSC
VN:CII
|
0.006x |
Annual Cash Flow Conversion Efficiency for Belships (2016–2024)
The table below shows the annual cash flow conversion efficiency of Belships from 2016 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | Nkr261.85 Million | Nkr89.68 Million | 0.342x | -24.99% |
| 2023-12-31 | Nkr305.56 Million | Nkr139.52 Million | 0.457x | -31.54% |
| 2022-12-31 | Nkr257.22 Million | Nkr171.56 Million | 0.667x | +7.80% |
| 2021-12-31 | Nkr241.54 Million | Nkr149.45 Million | 0.619x | +577.31% |
| 2020-12-31 | Nkr150.02 Million | Nkr13.70 Million | 0.091x | -30.74% |
| 2019-12-31 | Nkr156.12 Million | Nkr20.59 Million | 0.132x | +25.77% |
| 2018-12-31 | Nkr123.78 Million | Nkr12.98 Million | 0.105x | -66.29% |
| 2017-12-31 | Nkr26.38 Million | Nkr8.21 Million | 0.311x | +9.75% |
| 2016-12-31 | Nkr20.14 Million | Nkr5.71 Million | 0.283x | -- |