First Tractor Co Ltd (601038) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.085x

Based on the latest financial reports, First Tractor Co Ltd (601038) has a cash flow conversion efficiency ratio of 0.085x 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¥716.55 Million ≈ $104.85 Million USD) by net assets (CN¥8.43 Billion ≈ $1.23 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

First Tractor Co Ltd - Cash Flow Conversion Efficiency Trend (2004–2024)

This chart illustrates how First Tractor Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read 601038 current and long-term liabilities for a breakdown of total debt and financial obligations.

First Tractor Co Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of First Tractor Co Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Chengdu Galaxy Magnets SHE:300127	0.065x
Vinati Organics Limited NSE:VINATIORGA	0.122x
Shanghai Cooltech Power Co Ltd SHE:300153	0.041x
Triumph Financial, Inc. NYSE:TFIN	0.032x
China Express Airlines Co Ltd Class A SHE:002928	0.357x
IMDEX Ltd AU:IMD	0.085x
Bringspring Science and Tech SHE:300290	0.015x
Alrov Properties & Lodgings Ltd TA:ALRPR	0.006x

Annual Cash Flow Conversion Efficiency for First Tractor Co Ltd (2004–2024)

The table below shows the annual cash flow conversion efficiency of First Tractor Co Ltd from 2004 to 2024. For the full company profile with market capitalisation and key ratios, see First Tractor Co Ltd market cap and net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	CN¥7.78 Billion ≈ $1.14 Billion	CN¥1.22 Billion ≈ $177.96 Million	0.156x	+6.86%
2023-12-31	CN¥7.22 Billion ≈ $1.06 Billion	CN¥1.06 Billion ≈ $154.56 Million	0.146x	-73.61%
2022-12-31	CN¥6.50 Billion ≈ $950.74 Million	CN¥3.60 Billion ≈ $527.09 Million	0.554x	+469.58%
2021-12-31	CN¥5.98 Billion ≈ $875.39 Million	CN¥582.28 Million ≈ $85.21 Million	0.097x	-61.22%
2020-12-31	CN¥4.98 Billion ≈ $728.08 Million	CN¥1.25 Billion ≈ $182.74 Million	0.251x	+263.04%
2019-12-31	CN¥4.78 Billion ≈ $700.03 Million	CN¥330.73 Million ≈ $48.40 Million	0.069x	+183.74%
2018-12-31	CN¥4.66 Billion ≈ $681.33 Million	CN¥-384.40 Million ≈ $-56.25 Million	-0.083x	+19.28%
2017-12-31	CN¥5.44 Billion ≈ $795.89 Million	CN¥-556.31 Million ≈ $-81.41 Million	-0.102x	-126.89%
2016-12-31	CN¥5.50 Billion ≈ $805.36 Million	CN¥2.09 Billion ≈ $306.30 Million	0.380x	+221.92%
2015-12-31	CN¥5.40 Billion ≈ $789.98 Million	CN¥637.80 Million ≈ $93.33 Million	0.118x	+739.64%
2014-12-31	CN¥5.32 Billion ≈ $778.60 Million	CN¥74.87 Million ≈ $10.96 Million	0.014x	+155.77%
2013-12-31	CN¥5.23 Billion ≈ $765.06 Million	CN¥-131.90 Million ≈ $-19.30 Million	-0.025x	-122.23%
2012-12-31	CN¥4.89 Billion ≈ $715.84 Million	CN¥555.13 Million ≈ $81.23 Million	0.113x	-7.60%
2011-12-31	CN¥3.78 Billion ≈ $552.49 Million	CN¥463.70 Million ≈ $67.85 Million	0.123x	-19.88%
2010-12-31	CN¥3.54 Billion ≈ $518.60 Million	CN¥543.23 Million ≈ $79.49 Million	0.153x	+39.30%
2009-12-31	CN¥3.07 Billion ≈ $449.90 Million	CN¥338.32 Million ≈ $49.51 Million	0.110x	-6.05%
2008-12-31	CN¥2.82 Billion ≈ $412.05 Million	CN¥329.80 Million ≈ $48.26 Million	0.117x	+277.87%
2007-12-31	CN¥2.78 Billion ≈ $406.44 Million	CN¥86.09 Million ≈ $12.60 Million	0.031x	-69.23%
2006-12-31	CN¥2.40 Billion ≈ $351.86 Million	CN¥242.18 Million ≈ $35.44 Million	0.101x	-8.45%
2005-12-31	CN¥2.19 Billion ≈ $321.18 Million	CN¥241.47 Million ≈ $35.33 Million	0.110x	+187.22%
2004-12-31	CN¥2.24 Billion ≈ $327.31 Million	CN¥-282.12 Million ≈ $-41.28 Million	-0.126x	--

About First Tractor Co Ltd

SHG:601038 China Farm & Heavy Construction Machinery

Market Cap

$1.48 Billion

CN¥10.13 Billion CNY

Market Cap Rank

#7442 Global

#1786 in China

Share Price

CN¥13.84

Change (1 day)

+1.24%

52-Week Range

CN¥12.28 - CN¥15.82

All Time High

CN¥19.69