Zhejiang Taitan Co Ltd Cash Flow Conversion Efficiency
Zhejiang Taitan Co Ltd 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.
Cash Flow Conversion Efficiency of Zhejiang Taitan Co Ltd (2017–2024)
Cash flow conversion efficiency of Zhejiang Taitan Co Ltd from 2017 to 2024. This chart illustrates how Zhejiang Taitan Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. View today's stock price for Zhejiang Taitan Co Ltd for real-time trading data and today's change.
Zhejiang Taitan Co Ltd Cash Flow Conversion Ratio Explained
Zhejiang Taitan Co Ltd cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
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. Also see how much is Zhejiang Taitan Co Ltd worth for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Strait Innovation Internet Co Ltd
SHE:300300
|
-0.104x |
|
Keystone Reit Ltd
TA:KSTN
|
-0.007x |
|
Gui Zhou Tyre Co Ltd
SHE:000589
|
0.040x |
|
Econergy Renewable Energy Ltd
TA:ECNR
|
-0.003x |
|
IDI Insurance Company Ltd
TA:IDIN
|
0.678x |
|
Inrom Construction Industries Ltd
TA:INRM
|
0.023x |
|
Ganzhou Yihao New Materials Co. Ltd. A
SHE:301176
|
-0.056x |
|
Jsti Group
SHE:300284
|
-0.038x |
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. Review free cash flow generation of Zhejiang Taitan Co Ltd to assess how much free cash flow the company generates relative to operating cash flow.
| 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