Novoray Corporation (688300) - Cash Flow Conversion Efficiency
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.
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. Read Novoray Corporation debt and liabilities for a breakdown of total debt and financial obligations.
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 |
|---|---|
|
Hisense Kelon Electrical Holdings Co Ltd
SHE:000921
|
0.104x |
|
Asker Healthcare
ST:ASKER
|
0.068x |
|
Shenzhen Jove Enterprise Co. Ltd.
SHE:300814
|
0.051x |
|
Liechtensteinische Landesbank Aktiengesellschaft
STU:LLS1
|
-0.061x |
|
Fujian Sunner Development Co Ltd
SHE:002299
|
0.145x |
|
Beijing Capital Co Ltd
SHG:600008
|
0.031x |
|
Guangzhou Zhujiang Brewery Co Ltd
SHE:002461
|
0.053x |
|
H B Fuller Company
NYSE:FUL
|
0.053x |
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
Novoray Corporation provides industrial powder materials in China and internationally. The company offers crystalline silica powder, fused silica powder, soft composite silica powder, round corner crystalline silica powder, spherical silica powder, spherical aluminum oxide powder, sub-micron spherical silica powder, and acicular powder. It serves electronic materials, electrical insulating materi… Read more