AXMIN Inc. (AXM) - Cash Flow Conversion Efficiency
Based on the latest financial reports, AXMIN Inc. (AXM) has a cash flow conversion efficiency ratio of -0.008x as of September 2023. 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$6.43K) by net assets (CA$-834.75K). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
AXMIN Inc. - Cash Flow Conversion Efficiency Trend (2013–2022)
This chart illustrates how AXMIN Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
AXMIN Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of AXMIN Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
BrightBid Group AB (publ)
ST:PERP-B
|
-0.045x |
|
Ocean Biomedical Inc.
NASDAQ:OCEA
|
0.026x |
|
Berto Acquisition Corp. Warrant
NASDAQ:TACOW
|
0.000x |
|
Vanadiumcorp Resource Inc
V:VRB
|
-0.022x |
|
Coniagas Battery Metals Inc.
V:COS
|
0.176x |
|
Fimperkasa Utama Tbk PT
JK:FIMP
|
-0.056x |
|
Uniinfo Telecom Services Limited
NSE:UNIINFO
|
0.029x |
|
Universe Pharmaceuticals Inc
NASDAQ:UPC
|
-0.136x |
Annual Cash Flow Conversion Efficiency for AXMIN Inc. (2013–2022)
The table below shows the annual cash flow conversion efficiency of AXMIN Inc. from 2013 to 2022.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2022-12-31 | CA$-522.41K | CA$-360.68K | 0.690x | -57.43% |
| 2021-12-31 | CA$-262.50K | CA$-425.71K | 1.622x | +171.22% |
| 2020-12-31 | CA$272.84K | CA$-621.25K | -2.277x | -680.25% |
| 2019-12-31 | CA$939.56K | CA$368.70K | 0.392x | +638.55% |
| 2018-12-31 | CA$935.82K | CA$-68.19K | -0.073x | +88.12% |
| 2017-12-31 | CA$-1.22 Million | CA$745.57K | -0.613x | -207.31% |
| 2016-12-31 | CA$-2.44 Million | CA$486.24K | -0.200x | -222.11% |
| 2015-12-31 | CA$-2.17 Million | CA$-355.19K | 0.163x | -9.56% |
| 2014-12-31 | CA$-2.73 Million | CA$-492.79K | 0.181x | -86.65% |
| 2013-12-31 | CA$-2.07 Million | CA$-2.80 Million | 1.354x | -- |
About AXMIN Inc.
AXMIN Inc., a gold exploration company, engages in the exploration and development of mineral properties in central and West Africa. Its primary asset is the Passendro gold project located in the Central African Republic. AXMIN Inc. is based in Vancouver, Canada.