Magna Mining Inc
Magna Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for nickel, copper, cobalt, gold, and platinum group metal deposits. Its flagship properties include the Shakespeare Mine located in Sudbury, Canada having 84% interest; and the Crean Hill Project located in Sudbury, Canada having 100% interest. Magna Mining I… Read more
Magna Mining Inc (MGMNF) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of December 2024: -0.203x
Based on the latest financial reports, Magna Mining Inc (MGMNF) has a cash flow conversion efficiency ratio of -0.203x as of December 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 ($-7.11 Million) by net assets ($35.04 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Magna Mining Inc - Cash Flow Conversion Efficiency Trend (2014–2024)
This chart illustrates how Magna Mining 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.
Magna Mining Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Magna Mining Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Novonix Ltd
PINK:NVNXF
|
-0.043x |
|
AzureWave Technologies Inc
TW:3694
|
0.076x |
|
Astra Otoparts Tbk
JK:AUTO
|
0.045x |
|
Subros Limited
NSE:SUBROS
|
-0.009x |
|
TPI POLENE POWER
BK:TPIPP-R
|
0.008x |
|
Nitco Limited
NSE:NITCO
|
-0.205x |
|
Pum-Tech Korea Co. Ltd
KQ:251970
|
0.049x |
|
JuneYao Dairy Co Ltd
SHG:605388
|
0.022x |
Annual Cash Flow Conversion Efficiency for Magna Mining Inc (2014–2024)
The table below shows the annual cash flow conversion efficiency of Magna Mining Inc from 2014 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $35.04 Million | $-17.81 Million | -0.508x | +64.62% |
| 2023-12-31 | $7.33 Million | $-10.54 Million | -1.436x | +79.27% |
| 2022-12-31 | $2.62 Million | $-18.17 Million | -6.928x | -470.07% |
| 2021-12-31 | $4.75 Million | $-5.77 Million | -1.215x | -258.71% |
| 2020-12-31 | $1.17 Million | $-395.06K | -0.339x | -161.78% |
| 2019-12-31 | $-53.81K | $-29.51K | 0.548x | -72.10% |
| 2018-12-31 | $-36.06K | $-70.87K | 1.966x | +290.12% |
| 2017-12-31 | $38.62K | $-39.92K | -1.034x | +72.24% |
| 2016-12-31 | $12.40K | $-46.20K | -3.725x | -154.02% |
| 2015-12-31 | $59.91K | $-87.84K | -1.466x | -53.21% |
| 2014-12-31 | $123.82K | $-118.49K | -0.957x | -- |