Asiabest Group International Inc
Asiabest Group International Inc operates in Asset Management & Custody Banks.
Asiabest Group International Inc (ABG) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2023: -0.039x
Based on the latest financial reports, Asiabest Group International Inc (ABG) has a cash flow conversion efficiency ratio of -0.039x as of June 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 (₱-9.98 Million) by net assets (₱252.74 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Asiabest Group International Inc - Cash Flow Conversion Efficiency Trend (2016–2021)
This chart illustrates how Asiabest Group International 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.
Asiabest Group International Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Asiabest Group International Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
UNITED CO.RUSAL DL -01
MU:R6L
|
N/A |
|
TV BROADCAST
MU:TBCN
|
N/A |
|
Predator Oil & Gas Holdings Plc
LSE:PRD
|
0.001x |
|
RUOC
STU:RUOC
|
N/A |
|
Kelani Valley Plantations PLC
CM:KVALN0000
|
N/A |
|
MER
WAR:MER
|
-0.031x |
|
VTXGF
PINK:VTXGF
|
0.108x |
|
Arecor Therapeutics PLC
LSE:AREC
|
-0.400x |
Annual Cash Flow Conversion Efficiency for Asiabest Group International Inc (2016–2021)
The table below shows the annual cash flow conversion efficiency of Asiabest Group International Inc from 2016 to 2021.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2021-12-31 | ₱258.08 Million | ₱-7.22 Million | -0.028x | +33.69% |
| 2020-12-31 | ₱262.60 Million | ₱-11.09 Million | -0.042x | -141.95% |
| 2019-12-31 | ₱265.12 Million | ₱-4.63 Million | -0.017x | -162.37% |
| 2018-12-31 | ₱267.87 Million | ₱-1.78 Million | -0.007x | +55.78% |
| 2017-12-31 | ₱269.52 Million | ₱-4.05 Million | -0.015x | -26.46% |
| 2016-12-31 | ₱172.91 Million | ₱-2.06 Million | -0.012x | -- |