Fortune Bay Corp
Fortune Bay Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. It primarily explores for gold and uranium deposits. The company has an option agreement to acquire The Woods Uranium Projects located on the northern margin of the Athabasca Basin, Saskatchewan. Fortune Bay Corp. is headquartered in Halifax, Canada.
Fortune Bay Corp (FTBYF) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2025: -0.022x
Based on the latest financial reports, Fortune Bay Corp (FTBYF) has a cash flow conversion efficiency ratio of -0.022x 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 ($-542.80K) by net assets ($24.27 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Fortune Bay Corp - Cash Flow Conversion Efficiency Trend (2014–2024)
This chart illustrates how Fortune Bay Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Fortune Bay Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Fortune Bay Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
ECSTELECOM Co. Ltd
KQ:067010
|
0.056x |
|
FIREBIRD METALS LTD
F:7Y2
|
N/A |
|
Duc Thanh Wood Processing JSC
VN:GDT
|
N/A |
|
LORDS GROUP TRAD. LS-005
F:7S6
|
N/A |
|
Nordic Resources Limited
F:GZ7
|
N/A |
|
Oylum Sinai Yatirimlar AS
IS:OYLUM
|
0.179x |
|
Surya Toto Indonesia Tbk
JK:TOTO
|
0.055x |
|
Star Copper Corp.
PINK:STCUF
|
-0.104x |
Annual Cash Flow Conversion Efficiency for Fortune Bay Corp (2014–2024)
The table below shows the annual cash flow conversion efficiency of Fortune Bay Corp from 2014 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $21.96 Million | $-511.48K | -0.023x | +24.52% |
| 2023-12-31 | $22.53 Million | $-695.15K | -0.031x | +38.91% |
| 2022-12-31 | $22.88 Million | $-1.16 Million | -0.051x | +27.27% |
| 2021-12-31 | $23.75 Million | $-1.65 Million | -0.069x | -13.70% |
| 2020-12-31 | $18.00 Million | $-1.10 Million | -0.061x | -473.23% |
| 2019-12-31 | $14.47 Million | $-154.20K | -0.011x | +69.07% |
| 2018-12-31 | $15.04 Million | $-518.23K | -0.034x | -55.65% |
| 2017-12-31 | $14.80 Million | $-327.66K | -0.022x | +12.25% |
| 2016-12-31 | $15.33 Million | $-386.69K | -0.025x | -74.64% |
| 2015-12-31 | $14.96 Million | $-216.02K | -0.014x | +13.75% |
| 2014-12-31 | $20.74 Million | $-347.28K | -0.017x | -- |