Electrovaya Inc. (ELVA) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.384x

Based on the latest financial reports, Electrovaya Inc. (ELVA) has a cash flow conversion efficiency ratio of 0.384x as of September 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$11.95 Million ≈ $8.64 Million USD) by net assets (CA$31.13 Million ≈ $22.52 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

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. Read Electrovaya Inc. balance sheet liabilities for a breakdown of total debt and financial obligations.

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
European Lithium Ltd AU:EUR	-0.111x
Dongbu Steel Co Ltd KO:016380	0.053x
Shaanxi Jinye Science Technology and Education Group Co Ltd SHE:000812	0.148x
Banco de Valores SA BA:VALO	1.856x
Holcim Argentina SA BA:HARG	-0.011x
WATERDROP INC.ADS/10 CL.A F:717	N/A
Guangzhou Devotion Therm Tech SHE:300335	0.003x
Anzheng Fashion SHG:603839	-0.031x

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

$460.84 Million

CA$637.05 Million CAD

Market Cap Rank

#12950 Global

#369 in Canada

Share Price

CA$12.90

Change (1 day)

+2.46%

52-Week Range

CA$3.73 - CA$15.34

All Time High

CA$20.75