NICO Resources Limited
NICO Resources Limited engages in the acquisition, exploration, and development of mineral properties in Australia. Its flagship project is the Wingellina nickel-cobalt project located in Western Australia. The company was incorporated in 2021 and is based in Perth, Australia.
NICO Resources Limited (NICOF) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2023: -0.057x
Based on the latest financial reports, NICO Resources Limited (NICOF) has a cash flow conversion efficiency ratio of -0.057x as of June 2023.
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 ($-748.37K) by net assets ($13.22 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
NICO Resources Limited - Cash Flow Conversion Efficiency Trend (2021–2023)
This chart illustrates how NICO Resources Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
NICO Resources Limited Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of NICO Resources Limited ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
SBC Corp Bhd
KLSE:5207
|
0.007x |
|
SSR Inc
KQ:275630
|
0.006x |
|
Eastern Technical Engineering Public Company Limited
BK:ETE
|
0.021x |
|
Sky Energy Indonesia Tbk PT
JK:JSKY
|
1.424x |
|
Trilogiq
PA:ALTRI
|
0.004x |
|
Spexis AG
SW:SPEX
|
-0.678x |
|
Cruz Cobalt Corp
PINK:BKTPF
|
-0.040x |
|
Taiga Motors Corporation
PINK:TAIMF
|
0.356x |
Annual Cash Flow Conversion Efficiency for NICO Resources Limited (2021–2023)
The table below shows the annual cash flow conversion efficiency of NICO Resources Limited from 2021 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-06-30 | $13.22 Million | $-2.19 Million | -0.166x | -167.94% |
| 2022-06-30 | $15.85 Million | $-981.71K | -0.062x | -19807.66% |
| 2021-06-30 | $14.58 Million | $4.58K | 0.000x | -- |