Ningbo Changhong Polymer Scientific & Technical Inc (605008) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Ningbo Changhong Polymer Scientific & Technical Inc (605008) has a cash flow conversion efficiency ratio of -0.082x 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¥-165.58 Million ≈ $-24.23 Million USD) by net assets (CN¥2.03 Billion ≈ $296.88 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 Ningbo Changhong Polymer Scientific & Te (605008) balance sheet quality index to measure how much of total assets are equity-financed.
Ningbo Changhong Polymer Scientific & Technical Inc - Cash Flow Conversion Efficiency Trend (2016–2024)
This chart illustrates how Ningbo Changhong Polymer Scientific & Technical Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check 605008 cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Ningbo Changhong Polymer Scientific & Technical Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Ningbo Changhong Polymer Scientific & Technical Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Virtus Investment Partners, Inc.
NASDAQ:VRTS
|
0.106x |
|
MAC Copper Ltd
AU:MAC
|
0.243x |
|
Guangdong Shunkong Development Co Ltd
SHE:003039
|
0.047x |
|
Petkim Petrokimya Holding AS
IS:PETKM
|
0.034x |
|
Fox-Wizel Ltd
TA:FOX
|
0.018x |
|
Ningbo Fuda Co Ltd
SHG:600724
|
0.048x |
|
Intellect Design Arena Limited
NSE:INTELLECT
|
0.027x |
|
Invisio Communications AB
ST:IVSO
|
0.047x |
Annual Cash Flow Conversion Efficiency for Ningbo Changhong Polymer Scientific & Technical Inc (2016–2024)
The table below shows the annual cash flow conversion efficiency of Ningbo Changhong Polymer Scientific & Technical Inc from 2016 to 2024. For the full company profile with market capitalisation and key ratios, see Ningbo Changhong Polymer Scientific & Te market cap and net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CN¥1.99 Billion ≈ $291.56 Million |
CN¥348.64 Million ≈ $51.02 Million |
0.175x | +54.55% |
| 2023-12-31 | CN¥2.06 Billion ≈ $301.05 Million |
CN¥232.93 Million ≈ $34.09 Million |
0.113x | +206.42% |
| 2022-12-31 | CN¥2.01 Billion ≈ $293.55 Million |
CN¥74.12 Million ≈ $10.85 Million |
0.037x | +209.79% |
| 2021-12-31 | CN¥1.82 Billion ≈ $266.75 Million |
CN¥-61.35 Million ≈ $-8.98 Million |
-0.034x | -212.11% |
| 2020-12-31 | CN¥1.75 Billion ≈ $256.47 Million |
CN¥52.61 Million ≈ $7.70 Million |
0.030x | -82.83% |
| 2019-12-31 | CN¥1.01 Billion ≈ $147.14 Million |
CN¥175.82 Million ≈ $25.73 Million |
0.175x | +7.13% |
| 2018-12-31 | CN¥790.38 Million ≈ $115.66 Million |
CN¥129.00 Million ≈ $18.88 Million |
0.163x | +71.38% |
| 2017-12-31 | CN¥608.89 Million ≈ $89.10 Million |
CN¥57.99 Million ≈ $8.49 Million |
0.095x | -62.79% |
| 2016-12-31 | CN¥430.29 Million ≈ $62.96 Million |
CN¥110.13 Million ≈ $16.11 Million |
0.256x | -- |
About Ningbo Changhong Polymer Scientific & Technical Inc
Ningbo Changhong Polymer Scientific and Technical Inc. engages in the research, development, production, and sale of styrene-based thermoplastic elastomers in China. It offers Styrene-butadiene-styrene, styrene-ethylene-butylene-styrene, styrene-isoprene-styrene, and styrene-ethylene-propylene-styrene used in rubber products. The company was founded in 2012 and is based in Ningbo, China.