Bitcoin Fund Unit (QBTC) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Bitcoin Fund Unit (QBTC) has a cash flow conversion efficiency ratio of -0.014x as of June 2024. 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$-6.13 Million ≈ $-4.43 Million USD) by net assets (CA$446.55 Million ≈ $323.03 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Bitcoin Fund Unit - Cash Flow Conversion Efficiency Trend (2020–2023)
This chart illustrates how Bitcoin Fund Unit's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Bitcoin Fund Unit (QBTC) financial obligations for a breakdown of total debt and financial obligations.
Bitcoin Fund Unit Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Bitcoin Fund Unit ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Premier Miton Group plc
LSE:PMI
|
0.045x |
|
Mullen Automotive Inc.
NASDAQ:MULN
|
0.194x |
|
Made Tech Group PLC
LSE:MTEC
|
0.110x |
|
Yuilrobotics Co. Ltd.
KQ:388720
|
-0.044x |
|
SecUR Credentials Limited
NSE:SECURCRED
|
0.033x |
|
Baumart Holdings Ltd
AU:BMH
|
-0.258x |
|
Leju Holdings Limited
NYSE:LEJUY
|
N/A |
|
Carespan Health Inc
V:CSPN
|
0.028x |
Annual Cash Flow Conversion Efficiency for Bitcoin Fund Unit (2020–2023)
The table below shows the annual cash flow conversion efficiency of Bitcoin Fund Unit from 2020 to 2023. For the full company profile with market capitalisation and key ratios, see QBTC market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | CA$372.37 Million ≈ $269.37 Million |
CA$-6.80 Million ≈ $-4.92 Million |
-0.018x | +71.33% |
| 2022-12-31 | CA$188.82 Million ≈ $136.59 Million |
CA$-12.04 Million ≈ $-8.71 Million |
-0.064x | -85.18% |
| 2021-12-31 | CA$740.95 Million ≈ $535.99 Million |
CA$-25.51 Million ≈ $-18.45 Million |
-0.034x | -756.00% |
| 2020-12-31 | CA$672.76 Million ≈ $486.66 Million |
CA$-2.71 Million ≈ $-1.96 Million |
-0.004x | -- |
About Bitcoin Fund Unit
Bitcoin Fund Unit operates in various business sectors.