First Tractor Co Ltd Cash Flow Conversion Efficiency

Latest as of December 2025: -0.009x

First Tractor Co Ltd cash flow conversion efficiency. Based on the latest financial reports, First Tractor Co Ltd (601038) has a cash flow conversion efficiency ratio of -0.009x as of December 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¥-71.98 Million ≈ $-10.53 Million USD) by net assets (CN¥8.44 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. Also see First Tractor Co Ltd market cap and net worth for the company's overall valuation and market capitalisation.

Cash Flow Conversion Efficiency of First Tractor Co Ltd (2004–2025)

Cash flow conversion efficiency of First Tractor Co Ltd from 2004 to 2025. This chart illustrates how First Tractor Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. View 601038 share price today for real-time trading data and today's change.

First Tractor Co Ltd Cash Flow Conversion Ratio Explained

First Tractor 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.

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. Review how much free cash does First Tractor Co Ltd generate to assess how much free cash flow the company generates relative to operating cash flow.

Company	Cash Flow Conversion Efficiency
ADAMA Ltd SHE:000553	0.036x
Guangdong Advertising Co Ltd SHE:002400	0.025x
Rush Enterprises B Inc NASDAQ:RUSHB	0.057x
China Kings Resources Group Co SHG:603505	0.076x
Shandong Hi-Speed Road&Bridge SHE:000498	0.008x
Zhejiang Jingxin Pharmaceutical Co Ltd SHE:002020	0.038x
YiDong Electronics Technology Co. Ltd. SHE:301123	-0.021x
ShenZhen QiangRui Precision Technology Co. Ltd. SHE:301128	0.008x

Annual Cash Flow Conversion Efficiency for First Tractor Co Ltd (2004–2025)

The table below shows the annual cash flow conversion efficiency of First Tractor Co Ltd from 2004 to 2025. Also see First Tractor Co Ltd assets under control for a full breakdown of the balance sheet.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	CN¥8.44 Billion ≈ $1.23 Billion	CN¥1.06 Billion ≈ $154.45 Million	0.125x	-19.98%
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

$1.42 Billion

CN¥9.69 Billion CNY

Market Cap Rank

#7166 Global

#1441 in China

Share Price

CN¥13.24

Change (1 day)

+5.50%

52-Week Range

CN¥10.23 - CN¥15.82

All Time High

CN¥19.69