Veritec Inc
Veritec, Inc., together with its subsidiaries, engages in the development, sale, and licensing of products and providing services related to its mobile banking solutions in the United States. The company offers Mobile Toggle Card-Visa prepaid card program, a debit based, pre-paid, and gift card solution to debit card issuers and sponsoring organizations; and blinx ON-OFF debit card-Visa prepaid c… Read more
Veritec Inc (VRTC) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of December 2024: 0.015x
Based on the latest financial reports, Veritec Inc (VRTC) has a cash flow conversion efficiency ratio of 0.015x 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 ($-152.00K) by net assets ($-10.12 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Veritec Inc - Cash Flow Conversion Efficiency Trend (1999–2024)
This chart illustrates how Veritec 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.
Veritec Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Veritec Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
DANANG HOUSING
VN:NDN
|
N/A |
|
INDOFOOD CBP
BE:48I
|
N/A |
|
Fiinu PLC
LSE:BANK
|
-10.617x |
|
Tan Phu Viet Nam JSC
VN:TPP
|
N/A |
|
TOL GASES LTD
DSE:TOL
|
N/A |
|
Real Estate 11
VN:D11
|
N/A |
|
SouthEast Petrovietnam Fertilizer and Chemicals JSC
VN:PSE
|
N/A |
|
DOCDATA
BE:DOC2
|
N/A |
Annual Cash Flow Conversion Efficiency for Veritec Inc (1999–2024)
The table below shows the annual cash flow conversion efficiency of Veritec Inc from 1999 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-06-30 | $-9.73 Million | $-496.00K | 0.051x | -11.41% |
| 2023-06-30 | $-8.67 Million | $-499.00K | 0.058x | -36.60% |
| 2022-06-30 | $-7.44 Million | $-675.00K | 0.091x | -6.39% |
| 2021-06-30 | $-6.93 Million | $-672.00K | 0.097x | +49.26% |
| 2020-06-30 | $-5.85 Million | $-380.00K | 0.065x | -23.51% |
| 2019-06-30 | $-5.30 Million | $-450.10K | 0.085x | -25.25% |
| 2018-06-30 | $-4.46 Million | $-506.92K | 0.114x | -49.63% |
| 2017-06-30 | $-4.57 Million | $-1.03 Million | 0.226x | -10.18% |
| 2016-06-30 | $-3.23 Million | $-812.09K | 0.251x | +1337.00% |
| 2015-06-30 | $-4.91 Million | $99.77K | -0.020x | +68.11% |
| 2014-06-30 | $-4.58 Million | $291.76K | -0.064x | -212.83% |
| 2013-06-30 | $-4.91 Million | $100.00K | -0.020x | -118.49% |
| 2012-06-30 | $-4.28 Million | $-471.55K | 0.110x | +328.58% |
| 2011-06-30 | $-3.57 Million | $-91.62K | 0.026x | -93.12% |
| 2010-06-30 | $-2.58 Million | $-962.46K | 0.373x | -56.59% |
| 2009-06-30 | $-1.19 Million | $-1.03 Million | 0.860x | +123.57% |
| 2008-06-30 | $186.75K | $-681.45K | -3.649x | -790.45% |
| 2007-06-30 | $663.02K | $350.41K | 0.529x | +1641.92% |
| 2006-06-30 | $-9.76 Million | $334.50K | -0.034x | +0.15% |
| 2005-06-30 | $-9.76 Million | $335.00K | -0.034x | -101.33% |
| 2004-06-30 | $-1.60 Million | $27.33K | -0.017x | -125.86% |
| 2003-06-30 | $-1.79 Million | $-118.01K | 0.066x | -85.60% |
| 2002-06-30 | $-870.52K | $-398.62K | 0.458x | +7.19% |
| 2001-06-30 | $-988.87K | $-422.46K | 0.427x | +28.08% |
| 2000-06-30 | $-544.98K | $-181.78K | 0.334x | +94.44% |
| 1999-06-30 | $-1.06 Million | $-182.68K | 0.172x | -- |