Photocure (PHO) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.054x

Based on the latest financial reports, Photocure (PHO) has a cash flow conversion efficiency ratio of 0.054x 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 (Nkr26.43 Million ≈ $2.78 Million USD) by net assets (Nkr486.60 Million ≈ $51.20 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 PHO defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Photocure - Cash Flow Conversion Efficiency Trend (2002–2024)

This chart illustrates how Photocure's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Photocure Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Photocure ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Surgical Science Sweden AB ST:SUS	0.017x
Mainstreet Bank NASDAQ:MNSB	0.031x
QINGCI GAMES INC. -00001 F:Z56	N/A
Black Spade Acquisition III Co NYSE:BIII	-0.002x
Flutter Entertainment PLC LSE:FLTR	0.034x
Atlan Holdings Bhd KLSE:7048	0.149x
Dynamic Cables Limited NSE:DYCL	0.011x
Bjorn Borg AB ST:BORG	0.364x

Annual Cash Flow Conversion Efficiency for Photocure (2002–2024)

The table below shows the annual cash flow conversion efficiency of Photocure from 2002 to 2024. For the full company profile with market capitalisation and key ratios, see Photocure market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	Nkr501.72 Million ≈ $52.79 Million	Nkr76.75 Million ≈ $8.08 Million	0.153x	+151.36%
2023-12-31	Nkr482.85 Million ≈ $50.81 Million	Nkr29.39 Million ≈ $3.09 Million	0.061x	+1495.53%
2022-12-31	Nkr462.73 Million ≈ $48.69 Million	Nkr-2.02 Million ≈ $-212.35K	-0.004x	-109.18%
2021-12-31	Nkr502.63 Million ≈ $52.89 Million	Nkr23.89 Million ≈ $2.51 Million	0.048x	+54.94%
2020-12-31	Nkr508.13 Million ≈ $53.47 Million	Nkr15.59 Million ≈ $1.64 Million	0.031x	-69.03%
2019-12-31	Nkr208.59 Million ≈ $21.95 Million	Nkr20.66 Million ≈ $2.17 Million	0.099x	+172.38%
2018-12-31	Nkr176.34 Million ≈ $18.56 Million	Nkr-24.12 Million ≈ $-2.54 Million	-0.137x	-26.45%
2017-12-31	Nkr218.08 Million ≈ $22.95 Million	Nkr-23.59 Million ≈ $-2.48 Million	-0.108x	-242.01%
2016-12-31	Nkr251.94 Million ≈ $26.51 Million	Nkr19.19 Million ≈ $2.02 Million	0.076x	+176.09%
2015-12-31	Nkr210.06 Million ≈ $22.10 Million	Nkr-21.03 Million ≈ $-2.21 Million	-0.100x	-294.80%
2014-12-31	Nkr240.06 Million ≈ $25.26 Million	Nkr-6.09 Million ≈ $-640.63K	-0.025x	+93.16%
2013-12-31	Nkr269.12 Million ≈ $28.32 Million	Nkr-99.72 Million ≈ $-10.49 Million	-0.371x	-156.53%
2012-12-31	Nkr380.27 Million ≈ $40.02 Million	Nkr-54.93 Million ≈ $-5.78 Million	-0.144x	-84.12%
2011-12-31	Nkr439.34 Million ≈ $46.23 Million	Nkr-34.47 Million ≈ $-3.63 Million	-0.078x	-330.80%
2010-12-31	Nkr458.85 Million ≈ $48.28 Million	Nkr15.60 Million ≈ $1.64 Million	0.034x	-95.55%
2009-12-31	Nkr415.78 Million ≈ $43.75 Million	Nkr317.44 Million ≈ $33.40 Million	0.763x	+355.48%
2008-12-31	Nkr199.69 Million ≈ $21.01 Million	Nkr-59.68 Million ≈ $-6.28 Million	-0.299x	+18.77%
2007-12-31	Nkr259.99 Million ≈ $27.36 Million	Nkr-95.66 Million ≈ $-10.07 Million	-0.368x	-281.35%
2006-12-31	Nkr326.94 Million ≈ $34.40 Million	Nkr66.33 Million ≈ $6.98 Million	0.203x	+113.94%
2005-12-31	Nkr48.47 Million ≈ $5.10 Million	Nkr-70.54 Million ≈ $-7.42 Million	-1.455x	-147.85%
2004-12-31	Nkr85.57 Million ≈ $9.00 Million	Nkr-50.25 Million ≈ $-5.29 Million	-0.587x	-9.86%
2003-12-31	Nkr131.90 Million ≈ $13.88 Million	Nkr-70.51 Million ≈ $-7.42 Million	-0.535x	-75.36%
2002-12-31	Nkr167.00 Million ≈ $17.57 Million	Nkr-50.91 Million ≈ $-5.36 Million	-0.305x	--

About Photocure

OL:PHO Norway Drug Manufacturers - Specialty & Generic

Market Cap

$171.35 Million

Nkr1.63 Billion NOK

Market Cap Rank

#17273 Global

#142 in Norway

Share Price

Nkr61.20

Change (1 day)

+3.73%

52-Week Range

Nkr50.30 - Nkr79.00

All Time High

Nkr150.90