RaySearch Laboratories AB (publ) (RAY-B) - Cash Flow Conversion Efficiency

Latest as of March 2026: 0.112x

Based on the latest financial reports, RaySearch Laboratories AB (publ) (RAY-B) has a cash flow conversion efficiency ratio of 0.112x as of March 2026. 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 (Skr116.90 Million ≈ $12.58 Million USD) by net assets (Skr1.04 Billion ≈ $112.22 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 RaySearch Laboratories AB (publ) to measure how much of total assets are equity-financed.

RaySearch Laboratories AB (publ) - Cash Flow Conversion Efficiency Trend (2003–2025)

This chart illustrates how RaySearch Laboratories AB (publ)'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Check RaySearch Laboratories AB (publ) cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

RaySearch Laboratories AB (publ) Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of RaySearch Laboratories AB (publ) ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Far East Holdings Bhd KLSE:5029	0.088x
AB S.A. WAR:ABE	-0.046x
HANSEN TECHNOLOGIES LTD. F:H2T	N/A
Onterris NYSE:ONT	-0.026x
Fujian Raynen Tech Co Ltd SHG:603933	0.037x
Peapack-Gladstone Financial NASDAQ:PGC	0.055x
Civista Bancshares Inc NASDAQ:CIVB	0.021x
Svolder AB (publ) ST:SVOL-B	0.002x

Annual Cash Flow Conversion Efficiency for RaySearch Laboratories AB (publ) (2003–2025)

The table below shows the annual cash flow conversion efficiency of RaySearch Laboratories AB (publ) from 2003 to 2025. For the full company profile with market capitalisation and key ratios, see RaySearch Laboratories AB (publ) market cap and net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	Skr985.30 Million ≈ $106.03 Million	Skr387.00 Million ≈ $41.65 Million	0.393x	-29.03%
2024-12-31	Skr876.71 Million ≈ $94.35 Million	Skr485.23 Million ≈ $52.22 Million	0.553x	-10.75%
2023-12-31	Skr735.23 Million ≈ $79.12 Million	Skr455.93 Million ≈ $49.07 Million	0.620x	+14.22%
2022-12-31	Skr657.16 Million ≈ $70.72 Million	Skr356.78 Million ≈ $38.39 Million	0.543x	+48.01%
2021-12-31	Skr649.28 Million ≈ $69.87 Million	Skr238.16 Million ≈ $25.63 Million	0.367x	-23.17%
2020-12-31	Skr694.35 Million ≈ $74.72 Million	Skr331.51 Million ≈ $35.68 Million	0.477x	+5.21%
2019-12-31	Skr705.47 Million ≈ $75.92 Million	Skr320.14 Million ≈ $34.45 Million	0.454x	+67.17%
2018-12-31	Skr657.45 Million ≈ $70.75 Million	Skr178.47 Million ≈ $19.21 Million	0.271x	+6.84%
2017-12-31	Skr580.42 Million ≈ $62.46 Million	Skr147.48 Million ≈ $15.87 Million	0.254x	-3.24%
2016-12-31	Skr460.19 Million ≈ $49.52 Million	Skr120.85 Million ≈ $13.01 Million	0.263x	-24.70%
2015-12-31	Skr319.52 Million ≈ $34.39 Million	Skr111.43 Million ≈ $11.99 Million	0.349x	+74.49%
2014-12-31	Skr251.55 Million ≈ $27.07 Million	Skr50.27 Million ≈ $5.41 Million	0.200x	+25.60%
2013-12-31	Skr196.60 Million ≈ $21.16 Million	Skr31.28 Million ≈ $3.37 Million	0.159x	-60.42%
2012-12-31	Skr217.55 Million ≈ $23.41 Million	Skr87.45 Million ≈ $9.41 Million	0.402x	+133.57%
2011-12-31	Skr196.70 Million ≈ $21.17 Million	Skr33.85 Million ≈ $3.64 Million	0.172x	-46.06%
2010-12-31	Skr196.76 Million ≈ $21.17 Million	Skr62.78 Million ≈ $6.76 Million	0.319x	+19.87%
2009-12-31	Skr184.86 Million ≈ $19.89 Million	Skr49.21 Million ≈ $5.30 Million	0.266x	+53.75%
2008-12-31	Skr150.44 Million ≈ $16.19 Million	Skr26.05 Million ≈ $2.80 Million	0.173x	-36.96%
2007-12-31	Skr137.85 Million ≈ $14.83 Million	Skr37.86 Million ≈ $4.07 Million	0.275x	+7.77%
2006-12-31	Skr118.07 Million ≈ $12.71 Million	Skr30.09 Million ≈ $3.24 Million	0.255x	-49.60%
2005-12-31	Skr81.85 Million ≈ $8.81 Million	Skr41.39 Million ≈ $4.45 Million	0.506x	+28.56%
2004-12-31	Skr32.72 Million ≈ $3.52 Million	Skr12.87 Million ≈ $1.39 Million	0.393x	+11.83%
2003-12-31	Skr19.82 Million ≈ $2.13 Million	Skr6.97 Million ≈ $750.30K	0.352x	--

About RaySearch Laboratories AB (publ)

ST:RAY-B Sweden Health Information Services

Market Cap

$596.28 Million

Skr5.54 Billion SEK

Market Cap Rank

#11343 Global

#182 in Sweden

Share Price

Skr179.90

Change (1 day)

+1.93%

52-Week Range

Skr164.40 - Skr299.50

All Time High

Skr365.50