Serrano Resources Ltd
Serrano Resources Ltd. does not have significant operation. Previously, it was engaged in the exploration and evaluation of oil and gas properties. It intends to acquire potential business. The company was formerly known as Mira Resources Corp. and changed its name to Serrano Resources Ltd. in June 2015. Serrano Resources Ltd. is based in Vancouver, Canada.
Serrano Resources Ltd (MIRXF) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2025: -0.001x
Based on the latest financial reports, Serrano Resources Ltd (MIRXF) has a cash flow conversion efficiency ratio of -0.001x as of September 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 ($716.00) by net assets ($-488.06K). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Serrano Resources Ltd - Cash Flow Conversion Efficiency Trend (2013–2024)
This chart illustrates how Serrano Resources 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.
Serrano Resources Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Serrano Resources Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Key Alliance Group Bhd
KLSE:0036
|
1.195x |
|
Winchester Energy Ltd
AU:WEL
|
-0.014x |
|
Khind Holdings Bhd
KLSE:7062
|
-0.061x |
|
South HARZ Potash Ltd
AU:SHP
|
-0.001x |
|
Inhalerx Ltd
AU:IRX
|
-0.044x |
|
Glory Forever PCL
BK:GLORY
|
0.013x |
|
Norstar
TA:NSTR
|
0.014x |
|
Argent Minerals Limited
PINK:ARDNF
|
-0.530x |
Annual Cash Flow Conversion Efficiency for Serrano Resources Ltd (2013–2024)
The table below shows the annual cash flow conversion efficiency of Serrano Resources Ltd from 2013 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $-454.18K | $814.00 | -0.002x | -7.64% |
| 2023-12-31 | $-411.42K | $685.00 | -0.002x | -114.28% |
| 2022-12-31 | $-268.15K | $-3.13K | 0.012x | -46.09% |
| 2021-12-31 | $-248.58K | $-5.38K | 0.022x | +229.23% |
| 2020-12-31 | $-207.93K | $3.48K | -0.017x | +54.95% |
| 2019-12-31 | $-171.52K | $6.37K | -0.037x | -1701.87% |
| 2018-12-31 | $-626.84K | $1.29K | -0.002x | -2487.88% |
| 2017-12-31 | $-7.12 Million | $567.00 | 0.000x | -135.57% |
| 2016-12-31 | $-12.50 Million | $-2.80K | 0.000x | +2921.36% |
| 2015-12-31 | $-12.85 Million | $102.00 | 0.000x | -100.90% |
| 2014-12-31 | $-11.10 Million | $-9.77K | 0.001x | -97.26% |
| 2013-12-31 | $-10.34 Million | $-331.77K | 0.032x | -- |