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 601038 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

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.

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
Huludao Zinc Industry Co Ltd SHE:000751	0.108x
Growthpoint Properties Australia AU:GOZ	0.031x
Asian Star Anchor Chain Co Ltd Jiangsu SHG:601890	-0.008x
ATOSS Software SE F:AOF	0.060x
Birchcliff Energy Ltd. TO:BIR	0.042x
GMP Property SOCIMI SA MC:YGMP	0.023x
MoonLake Immunotherapeutics NASDAQ:MLTX	-0.193x
Verint Systems Inc NASDAQ:VRNT	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 First Tractor Co Ltd market cap and 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

$1.24 Billion

CN¥8.50 Billion CNY

Market Cap Rank

#8151 Global

#1974 in China

Share Price

CN¥11.61

Change (1 day)

-3.31%

52-Week Range

CN¥11.48 - CN¥15.82

All Time High

CN¥19.69