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. See 003036 equity to assets ratio to measure how much of total assets are equity-financed.
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. Check 003036 cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
Genting Plantations Bhd
KLSE:2291
|
0.031x |
|
Jiangling Motors Corp Ltd
SHE:000550
|
0.015x |
|
Yihai International Holding Ltd
F:YIR
|
0.024x |
|
China Communications Services Corporation Limited
F:CMW
|
-0.012x |
|
FMC Corporation
NYSE:FMC
|
0.303x |
|
Hangjin Technology Co Ltd
SHE:000818
|
0.173x |
|
ROMANDE ENERGIE SA
SW:REHN
|
0.072x |
|
Global Brands Manufacture Ltd
TW:6191
|
0.059x |
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 003036 company net 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