Fortnox AB (FNOX) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Fortnox AB (FNOX) has a cash flow conversion efficiency ratio of 0.058x as of March 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 (Skr149.00 Million ≈ $16.03 Million USD) by net assets (Skr2.57 Billion ≈ $276.68 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Fortnox AB - Cash Flow Conversion Efficiency Trend (2008–2024)
This chart illustrates how Fortnox AB's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Fortnox AB debt and liabilities for a breakdown of total debt and financial obligations.
Fortnox AB Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Fortnox AB ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Bank of Changsha Co Ltd
SHG:601577
|
1.054x |
|
Bank of Ayudhya Public Company Limited
F:NVAU
|
0.097x |
|
Puya Semiconductor Shanghai Co Ltd
SHG:688766
|
0.044x |
|
3SBio Inc
F:83B
|
0.031x |
|
Churchill Downs Incorporated
NASDAQ:CHDN
|
0.091x |
|
UPL Limited
NSE:UPL
|
-0.128x |
|
Compagnie du Cambodge
PA:CBDG
|
0.004x |
|
Cogent Biosciences Inc
NASDAQ:COGT
|
-0.124x |
Annual Cash Flow Conversion Efficiency for Fortnox AB (2008–2024)
The table below shows the annual cash flow conversion efficiency of Fortnox AB from 2008 to 2024. For the full company profile with market capitalisation and key ratios, see market cap of Fortnox AB.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | Skr2.36 Billion ≈ $254.19 Million |
Skr751.00 Million ≈ $80.82 Million |
0.318x | -12.78% |
| 2023-12-31 | Skr1.77 Billion ≈ $190.70 Million |
Skr646.00 Million ≈ $69.52 Million |
0.365x | +5.88% |
| 2022-12-31 | Skr1.28 Billion ≈ $137.83 Million |
Skr441.00 Million ≈ $47.46 Million |
0.344x | +6.84% |
| 2021-12-31 | Skr981.71 Million ≈ $105.65 Million |
Skr316.37 Million ≈ $34.05 Million |
0.322x | -44.71% |
| 2020-12-31 | Skr469.26 Million ≈ $50.50 Million |
Skr273.52 Million ≈ $29.44 Million |
0.583x | -11.53% |
| 2019-12-31 | Skr280.45 Million ≈ $30.18 Million |
Skr184.78 Million ≈ $19.89 Million |
0.659x | +3.42% |
| 2018-12-31 | Skr165.34 Million ≈ $17.79 Million |
Skr105.33 Million ≈ $11.34 Million |
0.637x | -31.27% |
| 2017-12-31 | Skr99.08 Million ≈ $10.66 Million |
Skr91.84 Million ≈ $9.88 Million |
0.927x | +11.24% |
| 2016-12-31 | Skr58.71 Million ≈ $6.32 Million |
Skr48.92 Million ≈ $5.26 Million |
0.833x | -43.05% |
| 2015-12-31 | Skr36.88 Million ≈ $3.97 Million |
Skr53.96 Million ≈ $5.81 Million |
1.463x | +69.55% |
| 2014-12-31 | Skr26.71 Million ≈ $2.87 Million |
Skr23.05 Million ≈ $2.48 Million |
0.863x | +95.27% |
| 2013-12-31 | Skr39.77 Million ≈ $4.28 Million |
Skr17.57 Million ≈ $1.89 Million |
0.442x | +87.09% |
| 2012-12-31 | Skr36.40 Million ≈ $3.92 Million |
Skr8.60 Million ≈ $925.27K |
0.236x | +23.66% |
| 2011-12-31 | Skr31.73 Million ≈ $3.41 Million |
Skr6.06 Million ≈ $652.10K |
0.191x | +49.37% |
| 2010-12-31 | Skr25.48 Million ≈ $2.74 Million |
Skr3.26 Million ≈ $350.60K |
0.128x | +178.56% |
| 2009-12-31 | Skr23.14 Million ≈ $2.49 Million |
Skr-3.77 Million ≈ $-405.27K |
-0.163x | +79.87% |
| 2008-12-31 | Skr18.55 Million ≈ $2.00 Million |
Skr-15.00 Million ≈ $-1.61 Million |
-0.809x | -- |
About Fortnox AB
Fortnox AB (publ) provides smart technical products, packages, services, and integrations for financial and administration applications in small and medium sized businesses, accounting firms, and organizations in Sweden. The company offers accounting products comprising bookkeeping, bookkeeping approval and review, supplier invoice approval, invoice data capture, fixed assets register, read, and … Read more