Zhejiang Taitan Co Ltd (003036) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Zhejiang Taitan Co Ltd (003036) has a cash flow conversion efficiency ratio of 0.019x 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 (CN¥25.73 Million ≈ $3.76 Million USD) by net assets (CN¥1.36 Billion ≈ $199.69 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Zhejiang Taitan Co Ltd - Cash Flow Conversion Efficiency Trend (2017–2024)
This chart illustrates how Zhejiang Taitan Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Zhejiang Taitan Co Ltd total liabilities for a breakdown of total debt and financial obligations.
Zhejiang Taitan Co Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Zhejiang Taitan Co Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
MidCap Financial Investment Corporation
NASDAQ:MFIC
|
0.122x |
|
Zhejiang Yongjin Metal Technology Co Ltd
SHG:603995
|
0.060x |
|
GuangDong Leary New Material Technology Co. Ltd. A
SHG:688683
|
0.046x |
|
JC Finance & Tax Interconnect Holdings Ltd
SHE:002530
|
0.018x |
|
Xeris Pharmaceuticals Inc
NASDAQ:XERS
|
1.464x |
|
Dazhong Transportation Group Co Ltd A
SHG:600611
|
0.028x |
|
Turk Tuborg Bira ve Malt Sanayi AS
IS:TBORG
|
0.034x |
|
Medikaloka Hermina PT
JK:HEAL
|
0.032x |
Annual Cash Flow Conversion Efficiency for Zhejiang Taitan Co Ltd (2017–2024)
The table below shows the annual cash flow conversion efficiency of Zhejiang Taitan Co Ltd from 2017 to 2024. For the full company profile with market capitalisation and key ratios, see how much is Zhejiang Taitan Co Ltd worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CN¥1.45 Billion ≈ $212.80 Million |
CN¥35.79 Million ≈ $5.24 Million |
0.025x | -87.29% |
| 2023-12-31 | CN¥1.45 Billion ≈ $211.60 Million |
CN¥279.91 Million ≈ $40.96 Million |
0.194x | -18.30% |
| 2022-12-31 | CN¥1.27 Billion ≈ $186.51 Million |
CN¥301.98 Million ≈ $44.19 Million |
0.237x | +352.70% |
| 2021-12-31 | CN¥1.16 Billion ≈ $169.77 Million |
CN¥-108.77 Million ≈ $-15.92 Million |
-0.094x | -276.37% |
| 2020-12-31 | CN¥841.17 Million ≈ $123.09 Million |
CN¥44.72 Million ≈ $6.54 Million |
0.053x | -58.87% |
| 2019-12-31 | CN¥768.50 Million ≈ $112.46 Million |
CN¥99.32 Million ≈ $14.53 Million |
0.129x | -12.66% |
| 2018-12-31 | CN¥614.38 Million ≈ $89.90 Million |
CN¥90.90 Million ≈ $13.30 Million |
0.148x | +72.99% |
| 2017-12-31 | CN¥546.84 Million ≈ $80.02 Million |
CN¥46.77 Million ≈ $6.84 Million |
0.086x | -- |
About Zhejiang Taitan Co Ltd
Zhejiang Taitan Co.,Ltd., together with its subsidiaries, engages in the research and development, manufacture, sale, and service of textile machinery in China and internationally. The company offers spinning machinery, including rotor spinning machines; twisting machinery comprising two for one twister for short fibers and filaments, rapier looms, precision doubling machines, and doubling winder… Read more