Veritas Farms Inc
Veritas Farms, Inc. focuses on growing, producing, marketing, and distributing hemp oils and extracts containing phytocannabinoids. The company's products include capsules, gummies, tinctures, lotions, salves, cream, balm sticks, lip balms, and pet chews. It markets and sells its products under the Veritas Farms brand name, as well as through bulk, white label and private label custom formulation… Read more
Veritas Farms Inc (VFRM) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2023: -2.887x
Based on the latest financial reports, Veritas Farms Inc (VFRM) has a cash flow conversion efficiency ratio of -2.887x 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 ($-599.00K) by net assets ($207.46K). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Veritas Farms Inc - Cash Flow Conversion Efficiency Trend (2015–2022)
This chart illustrates how Veritas Farms 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.
Veritas Farms Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Veritas Farms Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
CHINA COAL ENERG-H-
MU:CVV
|
N/A |
|
CJ HelloVision Co. Ltd.
KQ:037560
|
N/A |
|
Middle Egypt Flour Mills
EGX:CEFM
|
N/A |
|
Arch Meter Corporation
TW:4588
|
0.001x |
|
REGAL ASIAN INVESTMENTS
F:4VGA
|
N/A |
|
BASO Precision Optics Co., LTD
TWO:6517
|
N/A |
|
Hopefield Ventures Two Inc.
V:HVII-P
|
N/A |
|
TF523
SA:TF523
|
N/A |
Annual Cash Flow Conversion Efficiency for Veritas Farms Inc (2015–2022)
The table below shows the annual cash flow conversion efficiency of Veritas Farms Inc from 2015 to 2022.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2022-12-31 | $-606.28K | $-3.89 Million | 6.419x | +751.32% |
| 2021-12-31 | $4.83 Million | $-4.76 Million | -0.986x | -153.86% |
| 2020-12-31 | $7.65 Million | $-2.97 Million | -0.388x | +61.40% |
| 2019-12-31 | $12.20 Million | $-12.27 Million | -1.006x | -46.80% |
| 2018-12-31 | $6.08 Million | $-4.17 Million | -0.685x | -13.73% |
| 2017-12-31 | $3.11 Million | $-1.87 Million | -0.603x | -176.29% |
| 2016-12-31 | $-52.40K | $-41.38K | 0.790x | +52564.65% |
| 2015-12-31 | $-62.68K | $-94.00 | 0.001x | -- |