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. Also see Novoray Corporation (688300) total market value for the company's overall valuation and market capitalisation.

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. Explore 688300 cash flow quality score to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
Amdocs Limited F:AOS	0.064x
TXNM Energy, Inc. NYSE:TXNM	0.019x
COM.INTL BANK ADR/1 O.N. F:CIN0	-0.159x
Soochow Securities Co Ltd SHG:601555	0.336x
Axfood AB ST:AXFO	0.286x
Reinet Investments S.C.A AS:REINA	0.036x
Amneal Pharmaceuticals, Inc. Class A Common Stock NASDAQ:AMRX	-0.165x
Hancock Whitney Corp NASDAQ:HWC	0.034x

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. View latest Novoray Corporation stock price today for real-time trading data and today's change.

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

$5.93 Billion

CN¥40.52 Billion CNY

Market Cap Rank

#3182 Global

#405 in China

Share Price

CN¥167.80

Change (1 day)

-8.36%

52-Week Range

CN¥52.86 - CN¥272.54

All Time High

CN¥272.54