Sprott Physical Gold Trust (PHYS) - Cash Flow Conversion Efficiency

Latest as of March 2026: -0.002x

Based on the latest financial reports, Sprott Physical Gold Trust (PHYS) has a cash flow conversion efficiency ratio of -0.002x as of March 2026. 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$-26.32 Million ≈ $-19.04 Million USD) by net assets (CA$17.23 Billion ≈ $12.46 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. View Sprott Physical Gold Trust (PHYS) share price today for real-time trading data and today's change.

Sprott Physical Gold Trust - Cash Flow Conversion Efficiency Trend (2010–2025)

This chart illustrates how Sprott Physical Gold Trust's cash flow conversion efficiency has evolved over time, based on yearly financial data. Also see Sprott Physical Gold Trust stock valuation for the company's overall valuation and market capitalisation.

Sprott Physical Gold Trust Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Sprott Physical Gold Trust ranked by their cash flow conversion efficiency. Also see Sprott Physical Gold Trust asset portfolio for a full breakdown of the balance sheet.

Company	Cash Flow Conversion Efficiency
Jiangsu Zhongtian Technology Co Ltd SHG:600522	0.061x
Nutanix Inc NASDAQ:NTNX	-0.286x
Cerebras Systems Inc. Class A Common Stock NASDAQ:CBRS	0.004x
Hithink RoyalFlush Info Network SHE:300033	0.111x
Fuyao Glass Industry Group Co Ltd Class A SHG:600660	0.065x
Trent Limited NSE:TRENT	0.216x
AIRTEL AFRICA UNSP.ADR/10 F:9AA0	0.286x
Exor N.V. AS:EXO	0.086x

Annual Cash Flow Conversion Efficiency for Sprott Physical Gold Trust (2010–2025)

The table below shows the annual cash flow conversion efficiency of Sprott Physical Gold Trust from 2010 to 2025. Review PHYS financial flexibility score to assess the company's free cash flow relative to its total liabilities.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	CA$15.98 Billion ≈ $11.56 Billion	CA$-48.19 Million ≈ $-34.86 Million	-0.003x	+4.94%
2024-12-31	CA$8.61 Billion ≈ $6.23 Billion	CA$-27.32 Million ≈ $-19.76 Million	-0.003x	+15.63%
2023-12-31	CA$6.53 Billion ≈ $4.72 Billion	CA$-24.57 Million ≈ $-17.77 Million	-0.004x	+4.72%
2022-12-31	CA$5.75 Billion ≈ $4.16 Billion	CA$-22.68 Million ≈ $-16.41 Million	-0.004x	+1.69%
2021-12-31	CA$5.01 Billion ≈ $3.62 Billion	CA$-20.11 Million ≈ $-14.55 Million	-0.004x	-15.90%
2020-12-31	CA$4.89 Billion ≈ $3.54 Billion	CA$-16.95 Million ≈ $-12.26 Million	-0.003x	+23.90%
2019-12-31	CA$2.46 Billion ≈ $1.78 Billion	CA$-11.21 Million ≈ $-8.11 Million	-0.005x	+2.31%
2018-12-31	CA$2.02 Billion ≈ $1.46 Billion	CA$-9.44 Million ≈ $-6.83 Million	-0.005x	-4.49%
2017-12-31	CA$2.26 Billion ≈ $1.63 Billion	CA$-10.08 Million ≈ $-7.29 Million	-0.004x	+10.72%
2016-12-31	CA$2.06 Billion ≈ $1.49 Billion	CA$-10.30 Million ≈ $-7.45 Million	-0.005x	+9.02%
2015-12-31	CA$1.24 Billion ≈ $894.40 Million	CA$-6.79 Million ≈ $-4.91 Million	-0.005x	-1.85%
2014-12-31	CA$1.55 Billion ≈ $1.12 Billion	CA$-8.34 Million ≈ $-6.03 Million	-0.005x	-31.76%
2012-12-31	CA$2.73 Billion ≈ $1.98 Billion	CA$-11.19 Million ≈ $-8.10 Million	-0.004x	+3.29%
2011-12-31	CA$1.92 Billion ≈ $1.39 Billion	CA$-8.13 Million ≈ $-5.88 Million	-0.004x	-78.46%
2010-12-31	CA$1.17 Billion ≈ $847.62 Million	CA$-2.78 Million ≈ $-2.01 Million	-0.002x	--

About Sprott Physical Gold Trust

TO:PHYS Canada Asset Management

Market Cap

$16.91 Billion

CA$23.37 Billion CAD

Market Cap Rank

#1511 Global

#53 in Canada

Share Price

CA$49.03

Change (1 day)

+0.22%

52-Week Range

CA$35.95 - CA$55.69

All Time High

CA$55.69