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. See debt-free asset ratio of Bitcoin Fund Unit to measure how much of total assets are equity-financed.
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. Check how high is Bitcoin Fund Unit's earnings quality to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
MEDICOX Co. Ltd
KQ:054180
|
-0.040x |
|
Time Finance PLC
LSE:TIME
|
-0.009x |
|
Oxbridge Re Holdings Equity Warrant
NASDAQ:OXBRW
|
0.067x |
|
Kromek Group PLC
LSE:KMK
|
0.282x |
|
Ireka Corporation Bhd
KLSE:8834
|
0.003x |
|
IMMUTABLE HOLDINGS INC.
F:B8X0
|
-0.142x |
|
Setubandhan Infrastructure Limited
NSE:SETUINFRA
|
0.000x |
|
CML Microsystems Plc
LSE:CML
|
0.030x |
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 stock market capitalisation.
| 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.