AKITA Drilling Ltd
AKITA Drilling Ltd. operates as an oil and gas drilling contractor in Canada and the United States. It is involved in the drilling oil and gas wells, potash exploration and development wells, geothermal wells, disposal wells, and carbon storage wells, as well as wells to be developed into storage caverns for gas. The company was founded in 1964 and is headquartered in Calgary, Canada. AKITA Drill… Read more
AKITA Drilling Ltd (AKTAF) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2025: 0.101x
Based on the latest financial reports, AKITA Drilling Ltd (AKTAF) has a cash flow conversion efficiency ratio of 0.101x as of June 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 ($18.21 Million) by net assets ($180.97 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
AKITA Drilling Ltd - Cash Flow Conversion Efficiency Trend (1993–2024)
This chart illustrates how AKITA Drilling Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
AKITA Drilling Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of AKITA Drilling Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Onde SA
WAR:OND
|
0.101x |
|
Topower Co Ltd
TWO:3226
|
0.017x |
|
Export Packing
KO:002200
|
0.002x |
|
Vakrangee Limited
NSE:VAKRANGEE
|
0.093x |
|
SMC Global Securities Limited
NSE:SMCGLOBAL
|
0.013x |
|
EVO Transportation & Energy Services Inc
PINK:EVOA
|
-0.303x |
|
Loyalty Founder Enterprise Co Ltd
TWO:5465
|
-0.046x |
|
Mitchell Services Ltd
AU:MSV
|
0.121x |
Annual Cash Flow Conversion Efficiency for AKITA Drilling Ltd (1993–2024)
The table below shows the annual cash flow conversion efficiency of AKITA Drilling Ltd from 1993 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $171.51 Million | $30.26 Million | 0.176x | -22.62% |
| 2023-12-31 | $155.96 Million | $35.57 Million | 0.228x | +72.75% |
| 2022-12-31 | $137.85 Million | $18.20 Million | 0.132x | +601.52% |
| 2021-12-31 | $131.49 Million | $-3.46 Million | -0.026x | -117.53% |
| 2020-12-31 | $152.27 Million | $22.86 Million | 0.150x | +70.71% |
| 2019-12-31 | $245.13 Million | $21.56 Million | 0.088x | +381.34% |
| 2018-12-31 | $271.73 Million | $-8.49 Million | -0.031x | -207.48% |
| 2017-12-31 | $174.46 Million | $5.07 Million | 0.029x | -46.28% |
| 2016-12-31 | $219.65 Million | $11.89 Million | 0.054x | -71.28% |
| 2015-12-31 | $220.20 Million | $41.51 Million | 0.188x | +20.57% |
| 2014-12-31 | $259.84 Million | $40.62 Million | 0.156x | -3.05% |
| 2013-12-31 | $245.29 Million | $39.55 Million | 0.161x | -35.04% |
| 2012-12-31 | $224.00 Million | $55.60 Million | 0.248x | +45.99% |
| 2011-12-31 | $201.10 Million | $34.20 Million | 0.170x | -8.67% |
| 2010-12-31 | $201.09 Million | $37.44 Million | 0.186x | +28.29% |
| 2009-12-31 | $201.45 Million | $29.23 Million | 0.145x | +48.72% |
| 2008-12-31 | $198.46 Million | $19.37 Million | 0.098x | -52.80% |
| 2007-12-31 | $188.04 Million | $38.88 Million | 0.207x | -41.55% |
| 2006-12-31 | $172.87 Million | $61.15 Million | 0.354x | +39.99% |
| 2005-12-31 | $148.37 Million | $37.49 Million | 0.253x | +23.01% |
| 2004-12-31 | $124.93 Million | $25.66 Million | 0.205x | -35.05% |
| 2003-12-31 | $103.59 Million | $32.76 Million | 0.316x | +13.54% |
| 2002-12-31 | $90.95 Million | $25.34 Million | 0.279x | -23.67% |
| 2001-12-31 | $80.47 Million | $29.37 Million | 0.365x | +62.42% |
| 2000-12-31 | $65.62 Million | $14.74 Million | 0.225x | +156.41% |
| 1999-12-31 | $58.20 Million | $5.10 Million | 0.088x | -61.19% |
| 1998-12-31 | $58.90 Million | $13.30 Million | 0.226x | -50.59% |
| 1997-12-31 | $48.80 Million | $22.30 Million | 0.457x | +128.48% |
| 1996-12-31 | $40.50 Million | $8.10 Million | 0.200x | -1.76% |
| 1995-12-31 | $33.40 Million | $6.80 Million | 0.204x | -41.47% |
| 1994-12-31 | $27.60 Million | $9.60 Million | 0.348x | +100.00% |
| 1993-12-31 | $20.70 Million | $3.60 Million | 0.174x | -- |