Golden Ocean Group Ltd (GOGL) - Cash Flow Conversion Efficiency

Latest as of March 2025: -0.002x

Based on the latest financial reports, Golden Ocean Group Ltd (GOGL) has a cash flow conversion efficiency ratio of -0.002x as of March 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 (Nkr-3.33 Million ≈ $-350.10K USD) by net assets (Nkr1.83 Billion ≈ $192.14 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Review financial flexibility index of Golden Ocean Group Ltd to assess the company's free cash flow relative to its total liabilities.

Golden Ocean Group Ltd - Cash Flow Conversion Efficiency Trend (1997–2024)

This chart illustrates how Golden Ocean Group Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Also see GOGL market cap for the company's overall valuation and market capitalisation.

Golden Ocean Group Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Golden Ocean Group Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Zhejiang Medicine Co Ltd SHG:600216	0.061x
Zhewen Interactive Group Co Ltd SHG:600986	0.038x
Bumitama Agri Ltd F:2BU	0.030x
Hunan Nanling Industrial Explosive Materials Co Ltd SHE:002096	0.041x
National Vision Holdings Inc NASDAQ:EYE	0.015x
Nanjing Vazyme Biotech Co Ltd SHG:688105	0.020x
ADAMA Ltd SHE:000553	0.036x
Antin IP SA PA:ANTIN	0.108x

Annual Cash Flow Conversion Efficiency for Golden Ocean Group Ltd (1997–2024)

The table below shows the annual cash flow conversion efficiency of Golden Ocean Group Ltd from 1997 to 2024. View Golden Ocean Group Ltd (GOGL) share price today for real-time trading data and today's change.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	Nkr1.90 Billion ≈ $199.93 Million	Nkr365.30 Million ≈ $38.44 Million	0.192x	+38.74%
2023-12-31	Nkr1.92 Billion ≈ $202.24 Million	Nkr266.34 Million ≈ $28.03 Million	0.139x	-47.22%
2022-12-31	Nkr1.92 Billion ≈ $201.73 Million	Nkr503.39 Million ≈ $52.97 Million	0.263x	-9.62%
2021-12-31	Nkr1.93 Billion ≈ $202.96 Million	Nkr560.40 Million ≈ $58.97 Million	0.291x	+182.77%
2020-12-31	Nkr1.37 Billion ≈ $144.03 Million	Nkr140.64 Million ≈ $14.80 Million	0.103x	-1.85%
2019-12-31	Nkr1.51 Billion ≈ $159.25 Million	Nkr158.43 Million ≈ $16.67 Million	0.105x	-14.50%
2018-12-31	Nkr1.52 Billion ≈ $160.32 Million	Nkr186.55 Million ≈ $19.63 Million	0.122x	+95.57%
2017-12-31	Nkr1.49 Billion ≈ $157.22 Million	Nkr93.54 Million ≈ $9.84 Million	0.063x	+436.41%
2016-12-31	Nkr1.24 Billion ≈ $130.35 Million	Nkr-23.05 Million ≈ $-2.43 Million	-0.019x	-45.43%
2015-12-31	Nkr1.16 Billion ≈ $121.92 Million	Nkr-14.83 Million ≈ $-1.56 Million	-0.013x	-145.51%
2014-12-31	Nkr884.27 Million ≈ $93.05 Million	Nkr24.86 Million ≈ $2.62 Million	0.028x	-29.79%
2013-12-31	Nkr307.44 Million ≈ $32.35 Million	Nkr12.31 Million ≈ $1.30 Million	0.040x	-69.78%
2012-12-31	Nkr277.69 Million ≈ $29.22 Million	Nkr36.80 Million ≈ $3.87 Million	0.133x	+11.95%
2011-12-31	Nkr359.93 Million ≈ $37.88 Million	Nkr42.61 Million ≈ $4.48 Million	0.118x	-28.77%
2010-12-31	Nkr375.90 Million ≈ $39.56 Million	Nkr62.47 Million ≈ $6.57 Million	0.166x	+15.26%
2009-12-31	Nkr239.71 Million ≈ $25.22 Million	Nkr34.56 Million ≈ $3.64 Million	0.144x	-54.01%
2008-12-31	Nkr222.31 Million ≈ $23.39 Million	Nkr69.69 Million ≈ $7.33 Million	0.313x	+43.95%
2007-12-31	Nkr221.28 Million ≈ $23.28 Million	Nkr48.19 Million ≈ $5.07 Million	0.218x	-43.16%
2006-12-31	Nkr179.19 Million ≈ $18.86 Million	Nkr68.65 Million ≈ $7.22 Million	0.383x	+6.55%
2005-12-31	Nkr195.03 Million ≈ $20.52 Million	Nkr70.13 Million ≈ $7.38 Million	0.360x	-22.79%
2004-12-31	Nkr228.87 Million ≈ $24.08 Million	Nkr106.59 Million ≈ $11.22 Million	0.466x	+89.60%
2003-12-31	Nkr215.53 Million ≈ $22.68 Million	Nkr52.94 Million ≈ $5.57 Million	0.246x	+65.86%
2002-12-31	Nkr208.64 Million ≈ $21.95 Million	Nkr30.90 Million ≈ $3.25 Million	0.148x	-53.23%
2001-12-31	Nkr229.08 Million ≈ $24.11 Million	Nkr72.53 Million ≈ $7.63 Million	0.317x	+85.40%
2000-12-31	Nkr277.22 Million ≈ $29.17 Million	Nkr47.34 Million ≈ $4.98 Million	0.171x	+25.57%
1999-12-31	Nkr273.98 Million ≈ $28.83 Million	Nkr37.26 Million ≈ $3.92 Million	0.136x	-15.77%
1998-12-31	Nkr292.19 Million ≈ $30.75 Million	Nkr47.18 Million ≈ $4.96 Million	0.161x	+136.00%
1997-12-31	Nkr315.16 Million ≈ $33.16 Million	Nkr21.56 Million ≈ $2.27 Million	0.068x	--

About Golden Ocean Group Ltd

OL:GOGL Norway Marine Shipping

Market Cap

$1.75 Billion

Nkr16.60 Billion NOK

Market Cap Rank

#6647 Global

#51 in Norway

Share Price

Nkr83.25

Change (1 day)

+1.15%

52-Week Range

Nkr81.00 - Nkr86.15

All Time High

Nkr159.03