Novoray Corporation (688300) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.057x

Based on the latest financial reports, Novoray Corporation (688300) has a cash flow conversion efficiency ratio of 0.057x 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¥93.17 Million ≈ $13.63 Million USD) by net assets (CN¥1.63 Billion ≈ $239.01 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 Novoray Corporation defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Novoray Corporation - Cash Flow Conversion Efficiency Trend (2012–2024)

This chart illustrates how Novoray Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Novoray Corporation Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Novoray Corporation ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Israel Discount Bank Ltd TA:DSCT	0.120x
MOWI ASA SP.ADR F:PNDA	0.030x
Jfrog Ltd NASDAQ:FROG	0.042x
Oshkosh Corporation NYSE:OSK	0.108x
Ecopro BM. Co. Ltd KQ:247540	0.032x
Xpeng Inc NYSE:XPEV	0.004x
Nordnet AB ST:SAVE	0.990x
Godaddy Inc NYSE:GDDY	1.987x

Annual Cash Flow Conversion Efficiency for Novoray Corporation (2012–2024)

The table below shows the annual cash flow conversion efficiency of Novoray Corporation from 2012 to 2024. For the full company profile with market capitalisation and key ratios, see Novoray Corporation market cap and net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	CN¥1.51 Billion ≈ $220.62 Million	CN¥254.71 Million ≈ $37.27 Million	0.169x	-7.82%
2023-12-31	CN¥1.35 Billion ≈ $197.17 Million	CN¥246.95 Million ≈ $36.14 Million	0.183x	-6.33%
2022-12-31	CN¥1.23 Billion ≈ $179.99 Million	CN¥240.68 Million ≈ $35.22 Million	0.196x	+39.49%
2021-12-31	CN¥1.09 Billion ≈ $160.04 Million	CN¥153.42 Million ≈ $22.45 Million	0.140x	+50.77%
2020-12-31	CN¥963.95 Million ≈ $141.06 Million	CN¥89.69 Million ≈ $13.12 Million	0.093x	+3.48%
2019-12-31	CN¥896.15 Million ≈ $131.13 Million	CN¥80.58 Million ≈ $11.79 Million	0.090x	-48.40%
2018-12-31	CN¥319.55 Million ≈ $46.76 Million	CN¥55.69 Million ≈ $8.15 Million	0.174x	+417.61%
2017-12-31	CN¥192.98 Million ≈ $28.24 Million	CN¥6.50 Million ≈ $950.74K	0.034x	-76.36%
2016-12-31	CN¥162.73 Million ≈ $23.81 Million	CN¥23.17 Million ≈ $3.39 Million	0.142x	+136.69%
2015-12-31	CN¥123.33 Million ≈ $18.05 Million	CN¥7.42 Million ≈ $1.09 Million	0.060x	-66.63%
2014-12-31	CN¥96.16 Million ≈ $14.07 Million	CN¥17.33 Million ≈ $2.54 Million	0.180x	-49.90%
2013-12-31	CN¥77.26 Million ≈ $11.31 Million	CN¥27.80 Million ≈ $4.07 Million	0.360x	+173.82%
2012-12-31	CN¥123.02 Million ≈ $18.00 Million	CN¥16.16 Million ≈ $2.37 Million	0.131x	--

About Novoray Corporation

SHG:688300 China Specialty Chemicals

Market Cap

$9.54 Billion

CN¥65.19 Billion CNY

Market Cap Rank

#2342 Global

#290 in China

Share Price

CN¥269.99

Change (1 day)

+9.50%

52-Week Range

CN¥44.70 - CN¥272.54

All Time High

CN¥272.54