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 iRay Technology Co Ltd balance sheet quality to measure how much of total assets are equity-financed.
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. Check iRay Technology Co Ltd (688301) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
China Baoan Group Co Ltd
SHE:000009
|
0.010x |
|
NH Hoteles
MC:NHH
|
0.219x |
|
Vietjet Aviation JSC
VN:VJC
|
0.062x |
|
Dream Industrial Real Estate Investment Trust
TO:DIR-UN
|
0.001x |
|
Nantong Haixing Electronics Co Ltd
SHG:603115
|
0.000x |
|
Fastly, Inc. Class A Common Stock
NASDAQ:FSLY
|
0.029x |
|
Veracyte Inc
NASDAQ:VCYT
|
0.036x |
|
Henzhen Zhaowei Machinery And Elect
SHE:003021
|
0.018x |
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 iRay Technology Co Ltd market capitalisation.
| 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