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. See 688301 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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.
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 |
|---|---|
|
BNK Financial Group Inc
KO:138930
|
-0.113x |
|
BancFirst Corporation
NASDAQ:BANF
|
0.012x |
|
Delhivery Limited
NSE:DELHIVERY
|
0.022x |
|
Hiwin Technologies Corp
TW:2049
|
0.044x |
|
Chunghwa Precision Test Tech Co Ltd
TWO:6510
|
0.053x |
|
Independence Realty Trust Inc
NYSE:IRT
|
0.016x |
|
Hangzhou Hangyang Co Ltd
SHE:002430
|
0.066x |
|
Comstock Resources Inc
NYSE:CRK
|
0.089x |
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