Norva24 Group AB (NORVA) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Norva24 Group AB (NORVA) has a cash flow conversion efficiency ratio of 0.130x as of December 2024. 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 (Skr298.20 Million ≈ $32.09 Million USD) by net assets (Skr2.29 Billion ≈ $246.67 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 debt-free asset ratio of Norva24 Group AB to measure how much of total assets are equity-financed.
Norva24 Group AB - Cash Flow Conversion Efficiency Trend (2017–2024)
This chart illustrates how Norva24 Group AB's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check how high is Norva24 Group AB's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Norva24 Group AB Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Norva24 Group AB ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
ZhuZhou QianJin Pharmaceutical Co Ltd
SHG:600479
|
0.084x |
|
Hebei Huijin Electromechanical Co Ltd
SHE:300368
|
-0.047x |
|
Kornit Digital Ltd
NASDAQ:KRNT
|
0.009x |
|
Vestis Corporation
NYSE:VSTS
|
0.036x |
|
Shenzhen Liande Automatic Equipment Co Ltd
SHE:300545
|
-0.012x |
|
UniTTEC Co Ltd
SHE:000925
|
0.017x |
|
Criteo S.A
F:CI5A
|
0.041x |
|
Gansu Golden Glass Technologies Co Ltd
SHE:300093
|
0.043x |
Annual Cash Flow Conversion Efficiency for Norva24 Group AB (2017–2024)
The table below shows the annual cash flow conversion efficiency of Norva24 Group AB from 2017 to 2024. For the full company profile with market capitalisation and key ratios, see Norva24 Group AB market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | Skr2.29 Billion ≈ $246.67 Million |
Skr660.60 Million ≈ $71.09 Million |
0.288x | +7.73% |
| 2023-12-31 | Skr2.07 Billion ≈ $222.82 Million |
Skr553.90 Million ≈ $59.61 Million |
0.268x | +34.76% |
| 2022-12-31 | Skr1.73 Billion ≈ $186.10 Million |
Skr343.30 Million ≈ $36.94 Million |
0.199x | -4.71% |
| 2021-12-31 | Skr1.62 Billion ≈ $174.29 Million |
Skr337.40 Million ≈ $36.31 Million |
0.208x | -59.49% |
| 2020-12-31 | Skr688.00 Million ≈ $74.04 Million |
Skr353.80 Million ≈ $38.07 Million |
0.514x | +16.35% |
| 2019-12-31 | Skr536.20 Million ≈ $57.70 Million |
Skr237.00 Million ≈ $25.50 Million |
0.442x | +2.15% |
| 2018-12-31 | Skr324.00 Million ≈ $34.87 Million |
Skr140.20 Million ≈ $15.09 Million |
0.433x | +51.59% |
| 2017-12-31 | Skr340.84 Million ≈ $36.68 Million |
Skr97.29 Million ≈ $10.47 Million |
0.285x | -- |
About Norva24 Group AB
Norva24 Group AB (Publ) provides underground infrastructure maintenance services in Northern Europe. The company offers emptying services, such as emptying septic tanks, sand traps, grease separators, oil, and other masses. It also provides pressure washing services comprising of tank cleaning and high pressure washing. In addition, the company offers pressure testing, leak detection, pipe inspec… Read more