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. Also see how much is Electrovaya Inc. worth for the company's overall valuation and market capitalisation.

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. Explore earnings quality score of Electrovaya Inc. to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
Australian Ethical Investment Ltd AU:AEF	0.297x
CoastalSouth Bancshares, Inc. NYSE:COSO	-0.078x
MT Hoejgaard Holding A/S CO:MTHH	-0.027x
DYNAGREEN EN.PR.GR.H YC 1 F:DYN	0.037x
Sungwoo Hitech Co. Ltd KQ:015750	0.037x
Wisesoft Co Ltd SHE:002253	-0.026x
Shenzhen Jianyi Decoration Group Co Ltd SHE:002789	0.236x
Paysafe Ltd NYSE:PSFE	0.114x

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. View today's stock price for Electrovaya Inc. for real-time trading data and today's change.

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

$323.66 Million

CA$447.42 Million CAD

Market Cap Rank

#14554 Global

#436 in Canada

Share Price

CA$9.06

Change (1 day)

+4.50%

52-Week Range

CA$6.02 - CA$17.06

All Time High

CA$20.75