Payfare Inc
Payfare Inc., a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, money transfers, payment cards, and mobile wallets; Paid Portal by Payfare, a payout solution for gig workf… Read more
Payfare Inc (PYFRF) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2024: 0.084x
Based on the latest financial reports, Payfare Inc (PYFRF) has a cash flow conversion efficiency ratio of 0.084x as of September 2024.
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 ($7.33 Million) by net assets ($87.33 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Payfare Inc - Cash Flow Conversion Efficiency Trend (2016–2023)
This chart illustrates how Payfare Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Payfare Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Payfare Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Creative Newtech Limited
NSE:CREATIVE
|
-0.268x |
|
Cheryong Industrial Co.Ltd
KQ:147830
|
0.138x |
|
Future Vision II Acquisition Corporation Units
NASDAQ:FVNNU
|
0.000x |
|
Frontage Holdings Corporation
PINK:FGHQF
|
0.047x |
|
Midas Minerals Ltd
AU:MM1
|
-0.189x |
|
Reinet Investments SCA
JSE:RNI
|
0.000x |
|
Maxigen Biotech Inc
TW:1783
|
0.055x |
|
U-Media Communications
TWO:6470
|
-0.018x |
Annual Cash Flow Conversion Efficiency for Payfare Inc (2016–2023)
The table below shows the annual cash flow conversion efficiency of Payfare Inc from 2016 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $71.25 Million | $18.78 Million | 0.264x | +66.24% |
| 2022-12-31 | $49.63 Million | $7.87 Million | 0.159x | +151.57% |
| 2021-12-31 | $47.87 Million | $-14.72 Million | -0.308x | -319.17% |
| 2020-12-31 | $-12.16 Million | $-1.71 Million | 0.140x | +102.46% |
| 2019-12-31 | $1.98 Million | $-11.31 Million | -5.705x | -239.77% |
| 2018-12-31 | $-2.09 Million | $-8.55 Million | 4.082x | +118.01% |
| 2017-12-31 | $251.32K | $-5.70 Million | -22.669x | -1097.29% |
| 2016-12-31 | $449.06K | $-850.24K | -1.893x | -- |