Electrovaya Inc. (ELVA) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.023x

Based on the latest financial reports, Electrovaya Inc. (ELVA) has a cash flow conversion efficiency ratio of 0.023x 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 (CA$1.42 Million ≈ $1.03 Million USD) by net assets (CA$60.49 Million ≈ $43.76 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 ELVA days of operational coverage to measure how many days the company can operate on defensive assets alone.

Electrovaya Inc. - Cash Flow Conversion Efficiency Trend (1997–2025)

This chart illustrates how Electrovaya Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data.

Electrovaya Inc. Competitors by Cash Flow Conversion Efficiency

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

Company	Cash Flow Conversion Efficiency
Nagarro SE XETRA:NA9	0.166x
Nantong Chaoda Equipment Co.Ltd. SHE:301186	0.046x
Lu Thai Textile Co Ltd SHE:000726	0.012x
ZJBC Information Technology Co Ltd SHE:000889	0.058x
Salim Ivomas Pratama Tbk JK:SIMP	0.048x
Sinotherapeutics Inc. A SHG:688247	N/A
Songz Automobile Air Conditioning Co Ltd SHE:002454	0.014x
Shenzhen Zowee Tech Co Ltd SHE:002369	-0.047x

Annual Cash Flow Conversion Efficiency for Electrovaya Inc. (1997–2025)

The table below shows the annual cash flow conversion efficiency of Electrovaya Inc. from 1997 to 2025. For the full company profile with market capitalisation and key ratios, see ELVA company net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-09-30	CA$31.13 Million ≈ $22.52 Million	CA$-566.32K ≈ $-409.67K	-0.018x	-115.05%
2024-09-30	CA$8.59 Million ≈ $6.21 Million	CA$1.04 Million ≈ $750.87K	0.121x	+117.79%
2023-09-30	CA$7.15 Million ≈ $5.17 Million	CA$-4.86 Million ≈ $-3.51 Million	-0.680x	-134.04%
2022-09-30	CA$-5.92 Million ≈ $-4.28 Million	CA$-11.81 Million ≈ $-8.55 Million	1.996x	-58.29%
2021-09-30	CA$-1.70 Million ≈ $-1.23 Million	CA$-8.12 Million ≈ $-5.87 Million	4.785x	+969.90%
2020-09-30	CA$-8.71 Million ≈ $-6.30 Million	CA$-3.90 Million ≈ $-2.82 Million	0.447x	+121.93%
2019-09-30	CA$-14.27 Million ≈ $-10.32 Million	CA$-2.88 Million ≈ $-2.08 Million	0.202x	-60.39%
2018-09-30	CA$-13.76 Million ≈ $-9.95 Million	CA$-7.00 Million ≈ $-5.06 Million	0.509x	-96.76%
2017-09-30	CA$-1.22 Million ≈ $-883.25K	CA$-19.18 Million ≈ $-13.88 Million	15.713x	+1644.06%
2016-09-30	CA$7.95 Million ≈ $5.75 Million	CA$-8.09 Million ≈ $-5.85 Million	-1.018x	-2941.38%
2015-09-30	CA$12.54 Million ≈ $9.07 Million	CA$449.00K ≈ $324.80K	0.036x	+103.69%
2014-09-30	CA$5.17 Million ≈ $3.74 Million	CA$-5.01 Million ≈ $-3.62 Million	-0.970x	-216.05%
2013-09-30	CA$4.68 Million ≈ $3.39 Million	CA$-1.44 Million ≈ $-1.04 Million	-0.307x	-305.27%
2012-09-30	CA$9.43 Million ≈ $6.82 Million	CA$-714.00K ≈ $-516.50K	-0.076x	+70.73%
2011-09-30	CA$8.13 Million ≈ $5.88 Million	CA$-2.10 Million ≈ $-1.52 Million	-0.259x	+11.24%
2010-09-30	CA$9.29 Million ≈ $6.72 Million	CA$-2.71 Million ≈ $-1.96 Million	-0.291x	-329.98%
2009-09-30	CA$10.12 Million ≈ $7.32 Million	CA$1.28 Million ≈ $927.38K	0.127x	+175.26%
2008-09-30	CA$10.14 Million ≈ $7.34 Million	CA$-1.71 Million ≈ $-1.24 Million	-0.168x	+33.09%
2007-09-30	CA$14.87 Million ≈ $10.75 Million	CA$-3.74 Million ≈ $-2.71 Million	-0.252x	-31.35%
2006-09-30	CA$17.50 Million ≈ $12.66 Million	CA$-3.35 Million ≈ $-2.43 Million	-0.192x	-55.17%
2005-09-30	CA$24.38 Million ≈ $17.63 Million	CA$-3.01 Million ≈ $-2.18 Million	-0.123x	+37.34%
2004-09-30	CA$25.17 Million ≈ $18.21 Million	CA$-4.96 Million ≈ $-3.59 Million	-0.197x	+0.42%
2003-09-30	CA$32.37 Million ≈ $23.41 Million	CA$-6.40 Million ≈ $-4.63 Million	-0.198x	+16.75%
2002-09-30	CA$38.35 Million ≈ $27.74 Million	CA$-9.12 Million ≈ $-6.59 Million	-0.238x	-39.30%
2001-09-30	CA$48.49 Million ≈ $35.08 Million	CA$-8.27 Million ≈ $-5.99 Million	-0.171x	-1104.51%
2000-09-30	CA$29.06 Million ≈ $21.02 Million	CA$-411.70K ≈ $-297.82K	-0.014x	+95.27%
1999-09-30	CA$3.50 Million ≈ $2.53 Million	CA$-1.05 Million ≈ $-757.73K	-0.299x	-63.71%
1998-09-30	CA$4.62 Million ≈ $3.34 Million	CA$-844.01K ≈ $-610.54K	-0.183x	+1.24%
1997-09-30	CA$5.98 Million ≈ $4.33 Million	CA$-1.11 Million ≈ $-801.28K	-0.185x	--

About Electrovaya Inc.

TO:ELVA Canada Electrical Equipment & Parts

Market Cap

$499.77 Million

CA$690.88 Million CAD

Market Cap Rank

#12406 Global

#364 in Canada

Share Price

CA$13.99

Change (1 day)

+4.01%

52-Week Range

CA$4.27 - CA$17.06

All Time High

CA$20.75