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 balance sheet independence to measure how much of total assets are equity-financed.

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. Check 688300 cash flow quality score to evaluate the quality of earnings relative to operating cash generation.

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
China Oilfield Services Ltd Class A SHG:601808	0.190x
China Nuclear Engineering Co SHG:601611	-0.038x
Etsy, Inc. NASDAQ:ETSY	-0.197x
Warehouses de Pauw Comm VA BR:WDP	0.020x
Sectra AB (publ) ST:SECT-B	0.023x
Intercorp Financial Services Inc NYSE:IFS	-0.009x
Brunswick Corporation NYSE:BC	0.082x
West Fraser Timber Co Ltd NYSE:WFG	-0.031x

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 688300 company 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

$5.24 Billion

CN¥35.81 Billion CNY

Market Cap Rank

#3477 Global

#485 in China

Share Price

CN¥148.30

Change (1 day)

-2.24%

52-Week Range

CN¥50.50 - CN¥272.54

All Time High

CN¥272.54