Axis Technologies Group Inc
Axis Technologies Group, Inc., through its subsidiary, Axis Technologies, Inc., designs, manufactures, and markets a range of daylight harvesting fluorescent lighting ballasts for the commercial lighting industry in North America. The company offers patented T8 Axis Daylight Harvesting Dimming Ballast, which are used to reduce the lighting energy costs. It also develops a line of dimming and dayl… Read more
Axis Technologies Group Inc (AXTG) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of December 2022: 0.028x
Based on the latest financial reports, Axis Technologies Group Inc (AXTG) has a cash flow conversion efficiency ratio of 0.028x as of December 2022.
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 ($-454.10K) by net assets ($-16.24 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Axis Technologies Group Inc - Cash Flow Conversion Efficiency Trend (1997–2022)
This chart illustrates how Axis Technologies Group 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.
Axis Technologies Group Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Axis Technologies Group Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Esken Ltd
STU:1SJ
|
N/A |
|
EUROAFRICA DIGITAL VENT.
F:9BX
|
N/A |
|
Human Unitec International Inc
PINK:HMNU
|
0.450x |
|
Worldwide Holdings Corp
PINK:WWDH
|
N/A |
|
Calissio Resources Group Inc
PINK:CRGP
|
0.342x |
|
Innovativ Media Group Inc
PINK:DMAN
|
3.288x |
|
Tytan Holdings Inc
PINK:TYTN
|
0.069x |
|
Nyle International Corp
OTCGREY:NYLE
|
N/A |
Annual Cash Flow Conversion Efficiency for Axis Technologies Group Inc (1997–2022)
The table below shows the annual cash flow conversion efficiency of Axis Technologies Group Inc from 1997 to 2022.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2022-12-31 | $-16.24 Million | $-59.72K | 0.004x | -99.92% |
| 2021-12-31 | $-389.42K | $-1.86 Million | 4.777x | +4374.00% |
| 2009-12-31 | $-2.41 Million | $-257.40K | 0.107x | -92.70% |
| 2008-12-31 | $-561.11K | $-820.58K | 1.462x | -46.81% |
| 2007-12-31 | $-277.67K | $-763.38K | 2.749x | -27.54% |
| 2006-12-31 | $-137.37K | $-521.22K | 3.794x | +460.43% |
| 1999-12-31 | $1.24 Million | $-1.31 Million | -1.053x | -9.66% |
| 1998-12-31 | $2.50 Million | $-2.40 Million | -0.960x | -164.00% |
| 1997-12-31 | $-200.00K | $-300.00K | 1.500x | -- |