Ice Fish Farm AS (IFISH) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Ice Fish Farm AS (IFISH) has a cash flow conversion efficiency ratio of -0.067x as of September 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-19.40 Million ≈ $-2.04 Million USD) by net assets (Nkr289.32 Million ≈ $30.45 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 Ice Fish Farm AS net asset quality index to measure how much of total assets are equity-financed.
Ice Fish Farm AS - Cash Flow Conversion Efficiency Trend (2017–2024)
This chart illustrates how Ice Fish Farm AS's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check IFISH cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Ice Fish Farm AS Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Ice Fish Farm AS ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Asia Pacific Satellite Inc
KQ:211270
|
0.011x |
|
A-Jin Industry Co Ltd
KQ:013310
|
-0.060x |
|
Tex Cycle Technology M Bhd
KLSE:0089
|
0.002x |
|
Mallcom (India) Limited
NSE:MALLCOM
|
0.021x |
|
Lake Resources N.L.
AU:LKE
|
-0.064x |
|
Adex Mining Inc
V:ADE
|
0.006x |
|
Birla Cable Limited
NSE:BIRLACABLE
|
-0.019x |
|
Chien Shing Stainless Steel Co Ltd
TW:2025
|
0.014x |
Annual Cash Flow Conversion Efficiency for Ice Fish Farm AS (2017–2024)
The table below shows the annual cash flow conversion efficiency of Ice Fish Farm AS from 2017 to 2024. For the full company profile with market capitalisation and key ratios, see IFISH stock market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | Nkr270.46 Million ≈ $28.46 Million |
Nkr-14.84 Million ≈ $-1.56 Million |
-0.055x | -336.37% |
| 2023-12-31 | Nkr3.36 Billion ≈ $354.03 Million |
Nkr-42.31 Million ≈ $-4.45 Million |
-0.013x | -750.57% |
| 2022-12-31 | Nkr2.28 Billion ≈ $240.07 Million |
Nkr4.41 Million ≈ $464.06K |
0.002x | +66.10% |
| 2021-12-31 | Nkr1.12 Billion ≈ $118.00 Million |
Nkr1.30 Million ≈ $137.32K |
0.001x | +107.72% |
| 2020-12-31 | Nkr1.07 Billion ≈ $112.51 Million |
Nkr-16.12 Million ≈ $-1.70 Million |
-0.015x | -111.16% |
| 2019-12-31 | Nkr222.74 Million ≈ $23.44 Million |
Nkr30.09 Million ≈ $3.17 Million |
0.135x | +301.55% |
| 2018-12-31 | Nkr718.43 Million ≈ $75.60 Million |
Nkr-48.15 Million ≈ $-5.07 Million |
-0.067x | +80.08% |
| 2017-12-31 | Nkr150.13 Million ≈ $15.80 Million |
Nkr-50.51 Million ≈ $-5.32 Million |
-0.336x | -- |
About Ice Fish Farm AS
Ice Fish Farm AS engages in the salmon farming business in Iceland. It also operates smolt stations. The company was incorporated in 2020 and is headquartered in Seltjarnarnes, Iceland. Ice Fish Farm AS is a subsidiary of Måsøval Eiendom AS.