Formula (FORTY) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.234x

Based on the latest financial reports, Formula (FORTY) has a cash flow conversion efficiency ratio of 0.234x as of December 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 (ILA420.06 Million ≈ $1.13 Million USD) by net assets (ILA1.80 Billion ≈ $4.82 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 Formula balance sheet independence to measure how much of total assets are equity-financed.

Formula - Cash Flow Conversion Efficiency Trend (1998–2025)

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

Formula Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Formula ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
C3 Ai Inc NYSE:AI	-0.062x
Rumble Inc. NASDAQ:RUM	-0.107x
Liberty Latin America Ltd Class C NASDAQ:LILAK	0.041x
Ingles Markets Incorporated NASDAQ:IMKTA	0.050x
Bellevue Gold Ltd AU:BGL	0.140x
Shenzhen Xinyichang Technology Co. Ltd. A SHG:688383	0.019x
Globant S.A. LSE:0RIX	N/A
The South Indian Bank Limited NSE:SOUTHBANK	-0.473x

Annual Cash Flow Conversion Efficiency for Formula (1998–2025)

The table below shows the annual cash flow conversion efficiency of Formula from 1998 to 2025. For the full company profile with market capitalisation and key ratios, see FORTY market cap overview.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	ILA1.78 Billion ≈ $4.76 Million	ILA420.06 Million ≈ $1.13 Million	0.236x	+1.21%
2024-12-31	ILA1.39 Billion ≈ $3.72 Million	ILA324.45 Million ≈ $869.84K	0.234x	+3.57%
2023-12-31	ILA1.31 Billion ≈ $3.51 Million	ILA294.97 Million ≈ $790.80K	0.225x	+10.98%
2022-12-31	ILA1.18 Billion ≈ $3.16 Million	ILA239.14 Million ≈ $641.12K	0.203x	+14.97%
2021-12-31	ILA1.18 Billion ≈ $3.16 Million	ILA208.48 Million ≈ $558.93K	0.177x	-31.80%
2020-12-31	ILA1.11 Billion ≈ $2.97 Million	ILA286.94 Million ≈ $769.28K	0.259x	+18.44%
2019-12-31	ILA896.33 Million ≈ $2.40 Million	ILA196.08 Million ≈ $525.69K	0.219x	+113.25%
2018-12-31	ILA805.14 Million ≈ $2.16 Million	ILA82.59 Million ≈ $221.43K	0.103x	-2.09%
2017-12-31	ILA772.92 Million ≈ $2.07 Million	ILA80.98 Million ≈ $217.11K	0.105x	+1.18%
2016-12-31	ILA723.85 Million ≈ $1.94 Million	ILA74.95 Million ≈ $200.95K	0.104x	+27.79%
2015-12-31	ILA671.29 Million ≈ $1.80 Million	ILA54.40 Million ≈ $145.83K	0.081x	+215.32%
2014-12-31	ILA648.79 Million ≈ $1.74 Million	ILA16.67 Million ≈ $44.70K	0.026x	-81.90%
2013-12-31	ILA482.92 Million ≈ $1.29 Million	ILA68.55 Million ≈ $183.78K	0.142x	-8.98%
2012-12-31	ILA468.50 Million ≈ $1.26 Million	ILA73.07 Million ≈ $195.89K	0.156x	+121.14%
2011-12-31	ILA366.29 Million ≈ $982.01K	ILA25.83 Million ≈ $69.26K	0.071x	-55.81%
2010-12-31	ILA334.38 Million ≈ $896.47K	ILA53.37 Million ≈ $143.09K	0.160x	-15.28%
2009-12-31	ILA295.31 Million ≈ $791.73K	ILA55.64 Million ≈ $149.17K	0.188x	+10.29%
2008-12-31	ILA277.37 Million ≈ $743.62K	ILA47.38 Million ≈ $127.03K	0.171x	+20.94%
2007-12-31	ILA306.30 Million ≈ $821.19K	ILA43.27 Million ≈ $115.99K	0.141x	+46.11%
2006-12-31	ILA268.43 Million ≈ $719.65K	ILA25.95 Million ≈ $69.57K	0.097x	+318.51%
2005-12-31	ILA272.13 Million ≈ $729.56K	ILA6.29 Million ≈ $16.85K	0.023x	-63.24%
2004-12-31	ILA283.36 Million ≈ $759.67K	ILA17.81 Million ≈ $47.74K	0.063x	+24.84%
2003-12-31	ILA244.25 Million ≈ $654.84K	ILA12.29 Million ≈ $32.96K	0.050x	+128.41%
2002-12-31	ILA225.48 Million ≈ $604.50K	ILA4.97 Million ≈ $13.32K	0.022x	+399.76%
2001-12-31	ILA266.69 Million ≈ $714.98K	ILA1.18 Million ≈ $3.15K	0.004x	-69.38%
2000-12-31	ILA392.54 Million ≈ $1.05 Million	ILA5.65 Million ≈ $15.16K	0.014x	-67.31%
1999-12-31	ILA304.56 Million ≈ $816.51K	ILA13.41 Million ≈ $35.97K	0.044x	-69.97%
1998-12-31	ILA236.60 Million ≈ $634.32K	ILA34.70 Million ≈ $93.03K	0.147x	--

About Formula

TA:FORTY Israel Information Technology Services

Market Cap

$1.33 Billion

ILA497.76 Billion ILA

Market Cap Rank

#7591 Global

#64 in Israel

Share Price

ILA32460.00

Change (1 day)

+1.95%

52-Week Range

ILA29620.00 - ILA57400.00

All Time High

ILA57400.00