iRay Technology Co Ltd (688301) - Cash Flow Conversion Efficiency
Based on the latest financial reports, iRay Technology Co Ltd (688301) 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¥343.82 Million ≈ $50.31 Million USD) by net assets (CN¥6.07 Billion ≈ $888.39 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
iRay Technology Co Ltd - Cash Flow Conversion Efficiency Trend (2015–2024)
This chart illustrates how iRay Technology Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read iRay Technology Co Ltd (688301) total liabilities for a breakdown of total debt and financial obligations.
iRay Technology Co Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of iRay Technology Co Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Signet Jewelers Ltd
NYSE:SIG
|
0.018x |
|
KINGSOFT C.H.LTD. DL-001
F:KS70
|
N/A |
|
Proya Cosmetics Co Ltd Class A
SHG:603605
|
-0.014x |
|
Cactus Inc
NYSE:WHD
|
0.044x |
|
GQG Partners Inc
AU:GQG
|
0.564x |
|
COSAN S.A. SP.ADR 1/4
F:9CI0
|
0.108x |
|
Nelnet Inc
NYSE:NNI
|
0.031x |
|
Banijay Group NV
AS:BNJ
|
-32.762x |
Annual Cash Flow Conversion Efficiency for iRay Technology Co Ltd (2015–2024)
The table below shows the annual cash flow conversion efficiency of iRay Technology Co Ltd from 2015 to 2024. For the full company profile with market capitalisation and key ratios, see market value of iRay Technology Co Ltd.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CN¥4.65 Billion ≈ $679.92 Million |
CN¥360.42 Million ≈ $52.74 Million |
0.078x | -0.78% |
| 2023-12-31 | CN¥4.35 Billion ≈ $636.98 Million |
CN¥340.32 Million ≈ $49.80 Million |
0.078x | -3.61% |
| 2022-12-31 | CN¥3.90 Billion ≈ $571.23 Million |
CN¥316.62 Million ≈ $46.33 Million |
0.081x | +0.61% |
| 2021-12-31 | CN¥3.08 Billion ≈ $450.20 Million |
CN¥248.02 Million ≈ $36.29 Million |
0.081x | -19.06% |
| 2020-12-31 | CN¥2.63 Billion ≈ $385.41 Million |
CN¥262.32 Million ≈ $38.39 Million |
0.100x | +37.74% |
| 2019-12-31 | CN¥425.61 Million ≈ $62.28 Million |
CN¥30.78 Million ≈ $4.50 Million |
0.072x | +24.07% |
| 2018-12-31 | CN¥331.02 Million ≈ $48.44 Million |
CN¥19.29 Million ≈ $2.82 Million |
0.058x | -85.59% |
| 2017-12-31 | CN¥251.42 Million ≈ $36.79 Million |
CN¥101.68 Million ≈ $14.88 Million |
0.404x | +79.20% |
| 2016-12-31 | CN¥177.70 Million ≈ $26.00 Million |
CN¥40.10 Million ≈ $5.87 Million |
0.226x | -52.01% |
| 2015-12-31 | CN¥134.92 Million ≈ $19.74 Million |
CN¥63.45 Million ≈ $9.28 Million |
0.470x | -- |
About iRay Technology Co Ltd
iRay Group, together with its subsidiaries, researches, develops, produces, sells, and services x-ray system components for use in medical, dental, oncology, veterinary, security, and nondestructive testing applications in China and internationally. The company offers wireless and tethered radiography, mammography, and dynamic/real-time detectors; linear detector arrays; X-ray and micro focus X-r… Read more