Novus Acquisition and Development Corp
Novus Acquisition & Development Corp., through its subsidiary, WCIG Insurance Service, Inc., operates as an insurance company in California. It offers health policies in CBD concentrate cannabis space; benefit plans, such as dental, vision, hearing, and telemedicine; and THC health plans. The company was formerly known as BrandQuest Development Group, Inc. and changed its name to Novus Acquisitio… Read more
Novus Acquisition and Development Corp (NDEV) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2023: 0.021x
Based on the latest financial reports, Novus Acquisition and Development Corp (NDEV) has a cash flow conversion efficiency ratio of 0.021x as of September 2023.
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 ($36.13K) by net assets ($1.72 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Novus Acquisition and Development Corp - Cash Flow Conversion Efficiency Trend (2006–2022)
This chart illustrates how Novus Acquisition and Development Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Novus Acquisition and Development Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Novus Acquisition and Development Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Futura Medical
LSE:FUM
|
1.130x |
|
Ngernturbo Public Company Limited
BK:TURBO
|
N/A |
|
Macau Property Opportunities Fund Ltd
LSE:MPO
|
-0.003x |
|
Premier Exhibitions Inc
PINK:PRXIQ
|
-0.518x |
|
Softblue SA
WAR:SBE
|
-0.002x |
|
COUNTRY GARDEN
BE:DZJ
|
N/A |
|
HITECH + DEVELOPMENT WIR.
F:858
|
N/A |
|
West River Berhad
KLSE:0353
|
N/A |
Annual Cash Flow Conversion Efficiency for Novus Acquisition and Development Corp (2006–2022)
The table below shows the annual cash flow conversion efficiency of Novus Acquisition and Development Corp from 2006 to 2022.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2022-12-31 | $1.57 Million | $117.54K | 0.075x | +117881.61% |
| 2021-12-31 | $1.51 Million | $95.51 | 0.000x | -35.08% |
| 2020-12-31 | $846.24K | $82.63 | 0.000x | +15.66% |
| 2019-12-31 | $820.42K | $69.26 | 0.000x | -99.93% |
| 2018-12-31 | $741.94K | $95.91K | 0.129x | +24.58% |
| 2017-12-31 | $606.12K | $62.90K | 0.104x | +130.85% |
| 2016-12-31 | $654.61K | $29.43K | 0.045x | +168.54% |
| 2015-12-31 | $482.18K | $-31.62K | -0.066x | +94.05% |
| 2014-12-31 | $-62.09K | $68.48K | -1.103x | -569.16% |
| 2011-12-31 | $-72.86K | $12.01K | -0.165x | -109.65% |
| 2006-12-31 | $-38.72K | $-66.14K | 1.708x | -- |