ECIT AS
ECIT AS provides IT, finance and accounting, and technology solutions in Norway, Sweden, Denmark, the United Kingdom, Germany, Finland, Poland, Iceland, Lithuania, Romania, and internationally. The company offers finance and accounting services, including accounting, management consulting and support, payroll, budgeting, and HR, as well as reporting/BI, annual reports/tax, advisory, and debt coll… Read more
ECIT AS (ECIT) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2024: 0.053x
Based on the latest financial reports, ECIT AS (ECIT) has a cash flow conversion efficiency ratio of 0.053x as of June 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 (Nkr95.00 Million) by net assets (Nkr1.79 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
ECIT AS - Cash Flow Conversion Efficiency Trend (2018–2023)
This chart illustrates how ECIT AS's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
ECIT AS Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of ECIT AS ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Promotora Ambiental S.A.B. de C.V
MX:PASAB
|
0.211x |
|
Cuckoo Homesys Co Ltd
KO:284740
|
0.001x |
|
Eternal Hospitality Group Co.,Ltd.
PINK:TORIF
|
N/A |
|
Indigo Acquisition Corp. Ordinary Shares
NASDAQ:INAC
|
0.265x |
|
Kim Loong Resources Bhd
KLSE:5027
|
0.060x |
|
Moury Construct SA
BR:MOUR
|
0.045x |
|
DIGITAL VALUE SPA
F:L9U
|
N/A |
|
Sight Sciences Inc
NASDAQ:SGHT
|
-0.136x |
Annual Cash Flow Conversion Efficiency for ECIT AS (2018–2023)
The table below shows the annual cash flow conversion efficiency of ECIT AS from 2018 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | Nkr1.88 Billion | Nkr423.00 Million | 0.225x | -11.47% |
| 2022-12-31 | Nkr1.29 Billion | Nkr327.00 Million | 0.254x | +38.97% |
| 2021-12-31 | Nkr1.36 Billion | Nkr249.00 Million | 0.183x | -31.44% |
| 2020-12-31 | Nkr971.96 Million | Nkr259.00 Million | 0.266x | +69.03% |
| 2019-12-31 | Nkr890.62 Million | Nkr140.41 Million | 0.158x | +88.38% |
| 2018-12-31 | Nkr839.18 Million | Nkr70.23 Million | 0.084x | -- |