Velox Energy Materials Inc.
Velox Energy Materials Inc., an exploration stage company, explores for energy material properties. It focuses on North Queensland Vanadium Project located in Queensland, Australia. The company was formerly known as Currie Rose Resources Inc. and changed its name to Velox Energy Materials Inc. in October 2023. Velox Energy Materials Inc. was incorporated in 1973 and is headquartered in Vancouver,… Read more
Velox Energy Materials Inc. (CUIRD) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2024: -0.053x
Based on the latest financial reports, Velox Energy Materials Inc. (CUIRD) has a cash flow conversion efficiency ratio of -0.053x as of June 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 ($-342.28K) by net assets ($6.48 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Velox Energy Materials Inc. - Cash Flow Conversion Efficiency Trend (2020–2023)
This chart illustrates how Velox Energy Materials 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.
Velox Energy Materials Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Velox Energy Materials Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
OLP Modaraba
KAR:OLPM
|
N/A |
|
Hydract AS
CO:HYDRCT
|
-0.161x |
|
Trilogy AI Corp.
OTCQB:TRAID
|
1.520x |
|
SUNSET COVE MNG
BE:9SC
|
N/A |
|
Adia Nutrition Inc
PINK:ADIA
|
N/A |
|
Lipari Mining Ltd
NEO:LML
|
0.122x |
|
Contact Financial Holding
EGX:CNFN
|
N/A |
|
SUN CENTURY GRP
BE:ZYZN
|
N/A |
Annual Cash Flow Conversion Efficiency for Velox Energy Materials Inc. (2020–2023)
The table below shows the annual cash flow conversion efficiency of Velox Energy Materials Inc. from 2020 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $7.16 Million | $-1.02 Million | -0.143x | +29.37% |
| 2022-12-31 | $3.07 Million | $-621.71K | -0.203x | -195.70% |
| 2021-12-31 | $-305.13K | $-64.57K | 0.212x | +324.88% |
| 2020-12-31 | $1.03 Million | $-97.22K | -0.094x | -- |