iRay Technology Co Ltd Cash Flow Conversion Efficiency
iRay Technology Co Ltd 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.
Cash Flow Conversion Efficiency of iRay Technology Co Ltd (2015–2024)
Cash flow conversion efficiency of iRay Technology Co Ltd from 2015 to 2024. This chart illustrates how iRay Technology Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. View iRay Technology Co Ltd stock quote for real-time trading data and today's change.
iRay Technology Co Ltd Cash Flow Conversion Ratio Explained
iRay Technology Co Ltd cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
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. Also see market cap of iRay Technology Co Ltd for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Newell Brands Inc
NASDAQ:NWL
|
0.012x |
|
Shandong Buchang Pharmaceuticals Co Ltd
SHG:603858
|
-0.014x |
|
China Suntien Green Energy Corp Ltd
SHG:600956
|
0.093x |
|
Shufersal
TA:SAE
|
0.022x |
|
Shenzhen FRD Science & Technology Co Ltd
SHE:300602
|
0.042x |
|
PT Golden Energy Mines Tbk
JK:GEMS
|
0.053x |
|
LG Household & Healthcare
KO:051900
|
0.016x |
|
AddLife AB (publ)
ST:ALIF-B
|
0.029x |
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. Review 688301 free cash flow to operating cash ratio to assess how much free cash flow the company generates relative to operating cash flow.
| 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