Bitcoin Fund Unit Cash Flow Conversion Efficiency
Bitcoin Fund Unit 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.
Cash Flow Conversion Efficiency of Bitcoin Fund Unit (2020–2023)
Cash flow conversion efficiency of Bitcoin Fund Unit from 2020 to 2023. This chart illustrates how Bitcoin Fund Unit's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Bitcoin Fund Unit (QBTC) share price today for real-time trading data and today's change.
Bitcoin Fund Unit Cash Flow Conversion Ratio Explained
Bitcoin Fund Unit cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
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. Also see QBTC market cap for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Decoy Therapeutics Inc.
NASDAQ:DCOY
|
-0.614x |
|
Prostatype Genomics AB
ST:PROGEN
|
-0.234x |
|
CaNickel Mining Ltd
V:CML
|
0.002x |
|
SpectraCure AB
ST:SPEC
|
-0.048x |
|
Sunindo Adipersada Tbk Pt
JK:TOYS
|
-0.001x |
|
Creo Medical Group PLC
LSE:CREO
|
-0.684x |
|
Lilium NV
NASDAQ:LILM
|
0.005x |
|
Magic Empire Global Limited
NASDAQ:MEGL
|
-0.038x |
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. Review QBTC financial flexibility index to assess the company's free cash flow relative to its total liabilities.
| 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.