Merchant Express Class A (001965) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.039x

Based on the latest financial reports, Merchant Express Class A (001965) has a cash flow conversion efficiency ratio of 0.039x 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 (CN¥3.33 Billion ≈ $487.23 Million USD) by net assets (CN¥84.38 Billion ≈ $12.35 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See net asset quality index of Merchant Express Class A to measure how much of total assets are equity-financed.

Merchant Express Class A - Cash Flow Conversion Efficiency Trend (2014–2024)

This chart illustrates how Merchant Express Class A's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Merchant Express Class A cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Merchant Express Class A Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Merchant Express Class A ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Sunoco LP NYSE:SUN	0.072x
Saia Inc NASDAQ:SAIA	0.053x
Gongniu Group Co Ltd SHG:603195	0.084x
Mazagon Dock Shipbuilders Limited NSE:MAZDOCK	0.004x
SK TELECOM CO.LTD.ADR 5/9 F:KMBA	0.085x
The AES Corporation NYSE:AES	0.128x
Eurofins Scientific SE PA:ERF	0.220x
Barito Pacific Tbk JK:BRPT	0.043x

Annual Cash Flow Conversion Efficiency for Merchant Express Class A (2014–2024)

The table below shows the annual cash flow conversion efficiency of Merchant Express Class A from 2014 to 2024. For the full company profile with market capitalisation and key ratios, see Merchant Express Class A (001965) market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	CN¥88.78 Billion ≈ $12.99 Billion	CN¥7.12 Billion ≈ $1.04 Billion	0.080x	+48.46%
2023-12-31	CN¥82.14 Billion ≈ $12.02 Billion	CN¥4.44 Billion ≈ $649.36 Million	0.054x	-5.72%
2022-12-31	CN¥67.67 Billion ≈ $9.90 Billion	CN¥3.88 Billion ≈ $567.48 Million	0.057x	-21.40%
2021-12-31	CN¥63.32 Billion ≈ $9.27 Billion	CN¥4.62 Billion ≈ $675.50 Million	0.073x	+35.40%
2020-12-31	CN¥59.73 Billion ≈ $8.74 Billion	CN¥3.22 Billion ≈ $470.64 Million	0.054x	-32.59%
2019-12-31	CN¥54.04 Billion ≈ $7.91 Billion	CN¥4.32 Billion ≈ $631.67 Million	0.080x	+7.99%
2018-12-31	CN¥49.80 Billion ≈ $7.29 Billion	CN¥3.68 Billion ≈ $539.01 Million	0.074x	+15.10%
2017-12-31	CN¥46.36 Billion ≈ $6.78 Billion	CN¥2.98 Billion ≈ $435.98 Million	0.064x	+20.61%
2016-12-31	CN¥43.28 Billion ≈ $6.33 Billion	CN¥2.31 Billion ≈ $337.44 Million	0.053x	-4.72%
2015-12-31	CN¥28.02 Billion ≈ $4.10 Billion	CN¥1.57 Billion ≈ $229.26 Million	0.056x	-0.27%
2014-12-31	CN¥25.48 Billion ≈ $3.73 Billion	CN¥1.43 Billion ≈ $209.04 Million	0.056x	--

About Merchant Express Class A

SHE:001965 China Infrastructure Operations

Market Cap

$10.24 Billion

CN¥69.99 Billion CNY

Market Cap Rank

#2178 Global

#231 in China

Share Price

CN¥10.30

Change (1 day)

+1.08%

52-Week Range

CN¥8.72 - CN¥11.94

All Time High

CN¥13.95