Shopify Inc (SHOP) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Shopify Inc (SHOP) has a cash flow conversion efficiency ratio of 0.038x 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$473.12 Million ≈ $342.25 Million USD) by net assets (CA$12.51 Billion ≈ $9.05 Billion 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 Shopify Inc to measure how much of total assets are equity-financed.
Shopify Inc - Cash Flow Conversion Efficiency Trend (2013–2025)
This chart illustrates how Shopify Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Shopify Inc cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Shopify Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Shopify Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Welltower Inc
NYSE:WELL
|
0.015x |
|
Shandong Zhongji Electrical Equipment Co Ltd
SHE:300308
|
0.059x |
|
Pfizer Inc
SA:PFIZ34
|
0.029x |
|
Banco Santander S.A
F:BSDK
|
0.080x |
|
Uber Technologies Inc
NYSE:UBER
|
0.103x |
|
Salesforce.com Inc
NYSE:CRM
|
0.196x |
|
Pfizer Inc
NYSE:PFE
|
0.029x |
|
ALLIANZ SE UNSP.ADR 1/10
F:ALVE
|
N/A |
Annual Cash Flow Conversion Efficiency for Shopify Inc (2013–2025)
The table below shows the annual cash flow conversion efficiency of Shopify Inc from 2013 to 2025. For the full company profile with market capitalisation and key ratios, see Shopify Inc (SHOP) market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | CA$13.45 Billion ≈ $9.73 Billion |
CA$2.07 Billion ≈ $1.50 Billion |
0.154x | +10.01% |
| 2024-12-31 | CA$11.56 Billion ≈ $8.36 Billion |
CA$1.62 Billion ≈ $1.17 Billion |
0.140x | +34.28% |
| 2023-12-31 | CA$9.07 Billion ≈ $6.56 Billion |
CA$944.00 Million ≈ $682.88 Million |
0.104x | +730.79% |
| 2022-12-31 | CA$8.24 Billion ≈ $5.96 Billion |
CA$-136.00 Million ≈ $-98.38 Million |
-0.017x | -136.43% |
| 2021-12-31 | CA$11.13 Billion ≈ $8.05 Billion |
CA$504.43 Million ≈ $364.90 Million |
0.045x | -31.76% |
| 2020-12-31 | CA$6.40 Billion ≈ $4.63 Billion |
CA$424.96 Million ≈ $307.41 Million |
0.066x | +183.54% |
| 2019-12-31 | CA$3.02 Billion ≈ $2.18 Billion |
CA$70.61 Million ≈ $51.08 Million |
0.023x | +425.06% |
| 2018-12-31 | CA$2.09 Billion ≈ $1.51 Billion |
CA$9.32 Million ≈ $6.74 Million |
0.004x | -43.49% |
| 2017-12-31 | CA$1.00 Billion ≈ $724.18 Million |
CA$7.90 Million ≈ $5.72 Million |
0.008x | -76.89% |
| 2016-12-31 | CA$410.48 Million ≈ $296.93 Million |
CA$14.02 Million ≈ $10.14 Million |
0.034x | -57.67% |
| 2015-12-31 | CA$195.32 Million ≈ $141.29 Million |
CA$15.76 Million ≈ $11.40 Million |
0.081x | +782.13% |
| 2014-12-31 | CA$67.73 Million ≈ $49.00 Million |
CA$-801.00K ≈ $-579.43K |
-0.012x | -172.33% |
| 2013-12-31 | CA$85.38 Million ≈ $61.76 Million |
CA$1.40 Million ≈ $1.01 Million |
0.016x | -- |
About Shopify Inc
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, s… Read more