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.

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. Read PHO liabilities breakdown for a breakdown of total debt and financial obligations.

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
Shangri-La Hotel Public Company Limited BK:SHANG	0.013x
VAA Vista Alegre Atlantis SGPS SA LS:VAF	0.066x
Dynacor Gold Mines Inc. TO:DNG	0.011x
Ador Welding Limited NSE:ADORWELD	0.013x
Panion & BF Biotech Inc TW:1760	0.039x
Solid FAB ST:SFAB	0.072x
PIE Industrial Bhd KLSE:7095	0.036x
Namsun Alumini KO:008350	-0.005x

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

$184.23 Million

Nkr1.75 Billion NOK

Market Cap Rank

#16846 Global

#138 in Norway

Share Price

Nkr65.80

Change (1 day)

-0.75%

52-Week Range

Nkr49.40 - Nkr79.00

All Time High

Nkr150.90