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. See GOGL defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

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.

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
Fuda Alloy Materials Co Ltd SHG:603045	-0.028x
Harbin Boshi Automation Co Ltd SHE:002698	0.011x
Guizhou Broadcasting&TV Info SHG:600996	0.053x
Bumitama Agri Ltd F:2BU	0.030x
Antin IP SA PA:ANTIN	0.108x
Nanobiotix NASDAQ:NBTX	0.190x
China Cinda Asset Management Co., Ltd. F:0CI	N/A
Live Oak Bancshares, Inc. NYSE:LOB	0.068x

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. For the full company profile with market capitalisation and key ratios, see market cap of Golden Ocean Group Ltd.

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

#6782 Global

#49 in Norway

Share Price

Nkr83.25

Change (1 day)

+1.15%

52-Week Range

Nkr73.55 - Nkr91.25

All Time High

Nkr159.03