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

Latest as of December 2025: -0.009x

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. See First Tractor Co Ltd balance sheet quality to measure how much of total assets are equity-financed.

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

This chart illustrates how First Tractor Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check how high is First Tractor Co Ltd's earnings quality to evaluate the quality of earnings relative to operating cash generation.

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
Weichai Heavy Machinery Co Ltd SHE:000880	0.131x
4DMEDICAL Ltd AU:4DX	0.446x
La-Z-Boy Incorporated NYSE:LZB	0.085x
Prudent Corporate Advisory Services Limited NSE:PRUDENT	0.133x
Stanmore Resources Ltd AU:SMR	0.133x
Galecto Inc NASDAQ:GLTO	-0.040x
American Bitcoin Corp NASDAQ:ABTC	-0.061x
Deutsche EuroShop AG F:DEQ	0.014x

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. For the full company profile with market capitalisation and key ratios, see 601038 company net worth.

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

$1.47 Billion

CN¥10.07 Billion CNY

Market Cap Rank

#7162 Global

#1501 in China

Share Price

CN¥13.76

Change (1 day)

-2.76%

52-Week Range

CN¥10.23 - CN¥15.82

All Time High

CN¥19.69