Shandong Donghong Pipe Ind Co (603856) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Shandong Donghong Pipe Ind Co (603856) has a cash flow conversion efficiency ratio of 0.021x 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¥58.10 Million ≈ $8.50 Million USD) by net assets (CN¥2.71 Billion ≈ $396.54 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 603856 equity to assets ratio to measure how much of total assets are equity-financed.
Shandong Donghong Pipe Ind Co - Cash Flow Conversion Efficiency Trend (2012–2024)
This chart illustrates how Shandong Donghong Pipe Ind Co's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check 603856 operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Shandong Donghong Pipe Ind Co Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Shandong Donghong Pipe Ind Co ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Analyst IMS Investment Management Services Ltd
TA:ANLT
|
0.043x |
|
Diageo PLC
LSE:DGE
|
0.082x |
|
FMS Enterprises Migun Ltd
TA:FBRT
|
0.048x |
|
LandOcean Energy Services Co
SHE:300157
|
0.007x |
|
Comtec Sys
KO:031820
|
-0.007x |
|
Shenzhen Asiantime International Construction Co Ltd
SHE:002811
|
0.071x |
|
Dolphin Drilling AS
OL:DDRIL
|
-0.040x |
|
Phu Nhuan Jewelry JSC
VN:PNJ
|
-0.127x |
Annual Cash Flow Conversion Efficiency for Shandong Donghong Pipe Ind Co (2012–2024)
The table below shows the annual cash flow conversion efficiency of Shandong Donghong Pipe Ind Co from 2012 to 2024. For the full company profile with market capitalisation and key ratios, see 603856 market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CN¥2.35 Billion ≈ $344.15 Million |
CN¥94.46 Million ≈ $13.82 Million |
0.040x | -52.96% |
| 2023-12-31 | CN¥2.25 Billion ≈ $328.67 Million |
CN¥191.76 Million ≈ $28.06 Million |
0.085x | +930.46% |
| 2022-12-31 | CN¥2.12 Billion ≈ $310.26 Million |
CN¥17.57 Million ≈ $2.57 Million |
0.008x | +108.26% |
| 2021-12-31 | CN¥2.00 Billion ≈ $293.25 Million |
CN¥-200.95 Million ≈ $-29.41 Million |
-0.100x | -625.35% |
| 2020-12-31 | CN¥1.96 Billion ≈ $286.82 Million |
CN¥-27.10 Million ≈ $-3.97 Million |
-0.014x | -123.15% |
| 2019-12-31 | CN¥1.70 Billion ≈ $249.37 Million |
CN¥101.75 Million ≈ $14.89 Million |
0.060x | +34.62% |
| 2018-12-31 | CN¥1.55 Billion ≈ $226.95 Million |
CN¥68.79 Million ≈ $10.07 Million |
0.044x | +142.18% |
| 2017-12-31 | CN¥1.43 Billion ≈ $209.68 Million |
CN¥-150.67 Million ≈ $-22.05 Million |
-0.105x | -154.78% |
| 2016-12-31 | CN¥849.05 Million ≈ $124.24 Million |
CN¥162.97 Million ≈ $23.85 Million |
0.192x | +28.89% |
| 2015-12-31 | CN¥744.34 Million ≈ $108.92 Million |
CN¥110.85 Million ≈ $16.22 Million |
0.149x | +635.52% |
| 2014-12-31 | CN¥651.85 Million ≈ $95.39 Million |
CN¥-18.13 Million ≈ $-2.65 Million |
-0.028x | -264.10% |
| 2013-12-31 | CN¥564.28 Million ≈ $82.57 Million |
CN¥9.56 Million ≈ $1.40 Million |
0.017x | +103.09% |
| 2012-12-31 | CN¥380.04 Million ≈ $55.61 Million |
CN¥-208.22 Million ≈ $-30.47 Million |
-0.548x | -- |
About Shandong Donghong Pipe Ind Co
Shandong Donghong Pipe Industry Co., Ltd. engages in the research, development, manufacture, and servicing of pipeline systems in China. It offers SRTP piping systems, polyethylene pipes, PVC pipes, insulation pipe, and anti-corrosion metal pipes, as well as pipe connections. The company also develops and produces materials, such as plastic increase materials for polyolefin wear-resistant pipes, … Read more