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 Electrovaya Inc. net asset quality index to measure how much of total assets are equity-financed.

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. Check how high is Electrovaya Inc.'s earnings quality to evaluate the quality of earnings relative to operating cash generation.

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
Hailun Piano Co Ltd SHE:300329	0.006x
Shandong Yabo Technology Co Ltd SHE:002323	-0.005x
Fiducial Real Estate SA PA:ORIA	0.047x
Cub Elecparts Inc TW:2231	0.005x
LPKF Laser & Electronics AG F:LPK	-0.091x
Salmones Camanchaca S.A SN:SALMOCAM	-0.019x
Cedar Woods Properties Ltd AU:CWP	0.159x
Power Wind Health Industry Incorporated TW:8462	0.239x

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 Electrovaya Inc. market cap and 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

$412.61 Million

CA$570.39 Million CAD

Market Cap Rank

#13141 Global

#386 in Canada

Share Price

CA$11.55

Change (1 day)

-3.43%

52-Week Range

CA$6.02 - CA$17.06

All Time High

CA$20.75