Red Avenue New Materials Group Co Ltd (603650) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Red Avenue New Materials Group Co Ltd (603650) has a cash flow conversion efficiency ratio of 0.058x 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¥212.11 Million ≈ $31.04 Million USD) by net assets (CN¥3.64 Billion ≈ $532.79 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 defensive interval ratio of Red Avenue New Materials Group Co Ltd to measure how many days the company can operate on defensive assets alone.
Red Avenue New Materials Group Co Ltd - Cash Flow Conversion Efficiency Trend (2014–2024)
This chart illustrates how Red Avenue New Materials Group Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Red Avenue New Materials Group Co Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Red Avenue New Materials Group Co Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Apogee Therapeutics, Inc. Common Stock
NASDAQ:APGE
|
-0.044x |
|
Next Vision Stabilized Systems
TA:NXSN
|
0.112x |
|
Sasol Ltd
JSE:SOL
|
0.155x |
|
Xinjiang Daqo New Energy Co Ltd
SHG:688303
|
0.002x |
|
Axalta Coating Systems Ltd
NYSE:AXTA
|
0.028x |
|
Qingdao TGOOD Electric Co Ltd
SHE:300001
|
0.107x |
|
Yealink Network Technology Corp Ltd
SHE:300628
|
0.055x |
|
TDG Holding Co Ltd
SHG:600330
|
0.001x |
Annual Cash Flow Conversion Efficiency for Red Avenue New Materials Group Co Ltd (2014–2024)
The table below shows the annual cash flow conversion efficiency of Red Avenue New Materials Group Co Ltd from 2014 to 2024. For the full company profile with market capitalisation and key ratios, see Red Avenue New Materials Group Co Ltd stock valuation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CN¥3.46 Billion ≈ $506.21 Million |
CN¥242.60 Million ≈ $35.50 Million |
0.070x | +33.49% |
| 2023-12-31 | CN¥3.50 Billion ≈ $512.88 Million |
CN¥184.12 Million ≈ $26.94 Million |
0.053x | +60.66% |
| 2022-12-31 | CN¥3.14 Billion ≈ $459.79 Million |
CN¥102.75 Million ≈ $15.03 Million |
0.033x | -73.03% |
| 2021-12-31 | CN¥2.84 Billion ≈ $416.08 Million |
CN¥344.72 Million ≈ $50.44 Million |
0.121x | +53.05% |
| 2020-12-31 | CN¥2.61 Billion ≈ $382.33 Million |
CN¥206.97 Million ≈ $30.29 Million |
0.079x | -54.31% |
| 2019-12-31 | CN¥2.42 Billion ≈ $353.46 Million |
CN¥418.78 Million ≈ $61.28 Million |
0.173x | +13.69% |
| 2018-12-31 | CN¥2.31 Billion ≈ $337.81 Million |
CN¥352.04 Million ≈ $51.51 Million |
0.152x | -20.34% |
| 2017-12-31 | CN¥1.20 Billion ≈ $175.28 Million |
CN¥229.30 Million ≈ $33.55 Million |
0.191x | -23.09% |
| 2016-12-31 | CN¥1.03 Billion ≈ $150.14 Million |
CN¥255.37 Million ≈ $37.37 Million |
0.249x | -37.93% |
| 2015-12-31 | CN¥424.76 Million ≈ $62.16 Million |
CN¥170.32 Million ≈ $24.92 Million |
0.401x | +83.58% |
| 2014-12-31 | CN¥540.20 Million ≈ $79.05 Million |
CN¥117.99 Million ≈ $17.27 Million |
0.218x | -- |
About Red Avenue New Materials Group Co Ltd
Red Avenue New Materials Group Co., Ltd. engages in the provision of new materials in China and internationally. The company offers resins, such as tackifying resin, P-tert-butyl Phenol formaldehyde tackifying resin, P-octyl Phenol formaldehyde tackifying resin, straight Phenol formaldehyde resin, tall oil modification Phenol formaldehyde resin, CNSL modified phenol formaldehyde reinforcing resin… Read more