Elliptic Laboratories AS (ELABS) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Elliptic Laboratories AS (ELABS) has a cash flow conversion efficiency ratio of -0.080x as of March 2026. 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 (Nkr-17.60 Million ≈ $-1.85 Million USD) by net assets (Nkr221.13 Million ≈ $23.27 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See ELABS defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Elliptic Laboratories AS - Cash Flow Conversion Efficiency Trend (2017–2025)
This chart illustrates how Elliptic Laboratories AS's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Elliptic Laboratories AS Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Elliptic Laboratories AS ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Arribatec Solutions ASA
OL:ARR
|
-0.054x |
|
Singtex Industrial Co Ltd
TWO:4433
|
0.166x |
|
Korea Refract
KO:010040
|
-0.125x |
|
Microequities Asset Management Group Ltd
AU:MAM
|
0.219x |
|
KCI Limited
KQ:036670
|
0.005x |
|
Bluecom Co. Ltd
KQ:033560
|
0.002x |
|
PT Indo Boga Sukses Tbk
JK:IBOS
|
0.000x |
|
Webstep ASA
OL:WSTEP
|
0.308x |
Annual Cash Flow Conversion Efficiency for Elliptic Laboratories AS (2017–2025)
The table below shows the annual cash flow conversion efficiency of Elliptic Laboratories AS from 2017 to 2025. For the full company profile with market capitalisation and key ratios, see market value of Elliptic Laboratories AS.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | Nkr189.79 Million ≈ $19.97 Million |
Nkr5.99 Million ≈ $630.74K |
0.032x | +196.87% |
| 2024-12-31 | Nkr325.34 Million ≈ $34.24 Million |
Nkr-10.61 Million ≈ $-1.12 Million |
-0.033x | +78.12% |
| 2023-12-31 | Nkr305.40 Million ≈ $32.14 Million |
Nkr-45.51 Million ≈ $-4.79 Million |
-0.149x | -280.32% |
| 2022-12-31 | Nkr325.62 Million ≈ $34.26 Million |
Nkr-12.76 Million ≈ $-1.34 Million |
-0.039x | -24.10% |
| 2021-12-31 | Nkr342.77 Million ≈ $36.07 Million |
Nkr-10.82 Million ≈ $-1.14 Million |
-0.032x | +11.07% |
| 2020-12-31 | Nkr188.10 Million ≈ $19.79 Million |
Nkr-6.68 Million ≈ $-702.74K |
-0.036x | +64.69% |
| 2019-12-31 | Nkr80.03 Million ≈ $8.42 Million |
Nkr-8.05 Million ≈ $-846.79K |
-0.101x | +86.44% |
| 2018-12-31 | Nkr47.40 Million ≈ $4.99 Million |
Nkr-35.16 Million ≈ $-3.70 Million |
-0.742x | -37.13% |
| 2017-12-31 | Nkr71.86 Million ≈ $7.56 Million |
Nkr-38.87 Million ≈ $-4.09 Million |
-0.541x | -- |
About Elliptic Laboratories AS
Elliptic Laboratories ASA, an artificial intelligence (AI) software company, engages in the provision of AI virtual smart sensors for the smartphone, laptop, Internet of Things, and automotive markets in Norway, the United States, China, South Korea, Taiwan, and Japan. The company offers AI Virtual Human Presence Sensor, a presence-detection solution used to improve the security of data stored on… Read more