Global Tech Industries Group Inc
Global Tech Industries Group, Inc. does not significant operations. Previously, the company was engaged in operation of a cryptocurrency marketplace in the United States. It intends to acquire companies with significant growth opportunities. The company was formerly known as Tree Top Industries, Inc. and changed its name to Global Tech Industries Group, Inc. in July 2016. Global Tech Industries G… Read more
Global Tech Industries Group Inc (GTII) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of March 2024: 0.495x
Based on the latest financial reports, Global Tech Industries Group Inc (GTII) has a cash flow conversion efficiency ratio of 0.495x as of March 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 ($-3.49 Million) by net assets ($-7.06 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Global Tech Industries Group Inc - Cash Flow Conversion Efficiency Trend (1999–2023)
This chart illustrates how Global Tech Industries 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.
Global Tech Industries Group Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Global Tech Industries Group Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Mint Incorporation Limited Class A Ordinary Shares
NASDAQ:MIMI
|
N/A |
|
CARBON TRANSITION NK 01
F:S5B
|
N/A |
|
Nikola Corp
NASDAQ:NKLA
|
-0.394x |
|
Manaksia Aluminium Company Limited
NSE:MANAKALUCO
|
-0.083x |
|
Aurora Energy Metals Ltd
AU:1AE
|
0.261x |
|
Auga Group AB
STU:W9Z
|
0.032x |
|
Athabasca Minerals Inc
V:ABM
|
-0.001x |
|
Moving iMage Technologies Inc
NYSE MKT:MITQ
|
0.523x |
Annual Cash Flow Conversion Efficiency for Global Tech Industries Group Inc (1999–2023)
The table below shows the annual cash flow conversion efficiency of Global Tech Industries Group Inc from 1999 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $-7.06 Million | $-4.37 Million | 0.619x | +1305.11% |
| 2022-12-31 | $9.51 Million | $-488.28K | -0.051x | +69.65% |
| 2021-12-31 | $3.87 Million | $-655.62K | -0.169x | -273.13% |
| 2020-12-31 | $-1.77 Million | $-173.40K | 0.098x | +149.43% |
| 2019-12-31 | $-5.71 Million | $-223.60K | 0.039x | -28.01% |
| 2018-12-31 | $-5.29 Million | $-287.67K | 0.054x | +34.93% |
| 2017-12-31 | $-4.16 Million | $-167.66K | 0.040x | -65.92% |
| 2016-12-31 | $-3.03 Million | $-358.18K | 0.118x | +227.83% |
| 2015-12-31 | $-3.21 Million | $-115.99K | 0.036x | -34.25% |
| 2014-12-31 | $-2.94 Million | $-161.64K | 0.055x | +78.90% |
| 2013-12-31 | $-2.64 Million | $-81.07K | 0.031x | +93.14% |
| 2012-12-31 | $-5.69 Million | $-90.46K | 0.016x | -76.70% |
| 2011-12-31 | $-4.60 Million | $-314.04K | 0.068x | -50.83% |
| 2010-12-31 | $-3.70 Million | $-513.74K | 0.139x | -70.19% |
| 2009-12-31 | $-2.27 Million | $-1.06 Million | 0.465x | -62.26% |
| 2008-12-31 | $-1.00 Million | $-1.23 Million | 1.233x | +344.12% |
| 2007-12-31 | $496.69K | $-250.80K | -0.505x | -1849.07% |
| 2006-12-31 | $-672.75K | $-19.42K | 0.029x | -75.29% |
| 2002-12-31 | $-535.93K | $-62.62K | 0.117x | +51.88% |
| 2001-12-31 | $-650.13K | $-50.02K | 0.077x | -94.83% |
| 2000-12-31 | $-731.50K | $-1.09 Million | 1.488x | +265.76% |
| 1999-12-31 | $268.20K | $-240.73K | -0.898x | -- |