CareRay Digital Medical Technology Co Ltd (688607) - Cash Flow Conversion Efficiency
Based on the latest financial reports, CareRay Digital Medical Technology Co Ltd (688607) has a cash flow conversion efficiency ratio of -0.026x 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¥-22.70 Million ≈ $-3.32 Million USD) by net assets (CN¥858.27 Million ≈ $125.59 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 CareRay Digital Medical Technology Co Lt balance sheet quality to measure how much of total assets are equity-financed.
CareRay Digital Medical Technology Co Ltd - Cash Flow Conversion Efficiency Trend (2017–2024)
This chart illustrates how CareRay Digital Medical Technology Co Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check 688607 cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
CareRay Digital Medical Technology Co Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of CareRay Digital Medical Technology Co Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Asia Aviation Public Company Limited
BK:AAV-R
|
0.164x |
|
PIERER Mobility AG
VI:PKTM
|
0.049x |
|
Citra Marga Nusaphala Persada
JK:CMNP
|
0.004x |
|
WenYi Trinity Technology Co Ltd
SHG:600520
|
0.039x |
|
Markor International Home Furnishings Co Ltd
SHG:600337
|
0.027x |
|
Shanghai Kangda New Materials Co Ltd
SHE:002669
|
0.031x |
|
Beijing Jingcheng Machinery Electric Co Ltd
SHG:600860
|
0.058x |
|
Electra Real Estate Ltd
TA:ELCRE
|
0.041x |
Annual Cash Flow Conversion Efficiency for CareRay Digital Medical Technology Co Ltd (2017–2024)
The table below shows the annual cash flow conversion efficiency of CareRay Digital Medical Technology Co Ltd from 2017 to 2024. For the full company profile with market capitalisation and key ratios, see how much is CareRay Digital Medical Technology Co Lt worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CN¥862.51 Million ≈ $126.21 Million |
CN¥22.62 Million ≈ $3.31 Million |
0.026x | +4.78% |
| 2023-12-31 | CN¥858.07 Million ≈ $125.56 Million |
CN¥21.48 Million ≈ $3.14 Million |
0.025x | +164.43% |
| 2022-12-31 | CN¥844.16 Million ≈ $123.53 Million |
CN¥-32.79 Million ≈ $-4.80 Million |
-0.039x | -207.29% |
| 2021-12-31 | CN¥870.90 Million ≈ $127.44 Million |
CN¥31.53 Million ≈ $4.61 Million |
0.036x | -81.24% |
| 2020-12-31 | CN¥368.84 Million ≈ $53.97 Million |
CN¥71.18 Million ≈ $10.42 Million |
0.193x | +162.52% |
| 2019-12-31 | CN¥293.61 Million ≈ $42.97 Million |
CN¥21.59 Million ≈ $3.16 Million |
0.074x | -45.30% |
| 2018-12-31 | CN¥245.21 Million ≈ $35.88 Million |
CN¥32.95 Million ≈ $4.82 Million |
0.134x | -10.05% |
| 2017-12-31 | CN¥194.09 Million ≈ $28.40 Million |
CN¥29.00 Million ≈ $4.24 Million |
0.149x | -- |
About CareRay Digital Medical Technology Co Ltd
CareRay Digital Medical Technology Co., Ltd. engages in research and development, production, and sales of digital X-ray flat panel detectors in China. The company offers Gen3 panels; radiography products, including wireless, tethered, and specialized panels, as well as accessories; mammography, fluoroscopy, dental, and industrial NDT products; and custom panels. It also provides solutions for re… Read more