Goldshore Resources Inc Cash Flow Conversion Efficiency
Goldshore Resources Inc cash flow conversion efficiency. Based on the latest financial reports, Goldshore Resources Inc (GSHR) has a cash flow conversion efficiency ratio of -0.007x as of June 2025. 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$-914.86K ≈ $-661.80K USD) by net assets (CA$123.78 Million ≈ $89.54 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 Goldshore Resources Inc (2019–2024)
Cash flow conversion efficiency of Goldshore Resources Inc from 2019 to 2024. This chart illustrates how Goldshore Resources Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. View today's stock price for Goldshore Resources Inc for real-time trading data and today's change.
Goldshore Resources Inc Cash Flow Conversion Ratio Explained
Goldshore Resources Inc 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.
Goldshore Resources Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Goldshore Resources Inc ranked by their cash flow conversion efficiency. Also see Goldshore Resources Inc market cap and net worth for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Export Inv
TA:EXPO
|
0.037x |
|
ECB Bancorp Inc.
NASDAQ:ECBK
|
0.067x |
|
Shenzhen Ecobeauty Co Ltd
SHE:000010
|
0.103x |
|
TBS Energi Utama Tbk PT
JK:TOBA
|
0.173x |
|
Paragon Care Ltd
AU:PGC
|
-0.088x |
|
Angang Steel Company Limited
F:GNV
|
0.008x |
|
Atlantic Lithium Ltd
AU:A11
|
-0.040x |
|
Orzel Bialy S.A.
WAR:OBL
|
0.019x |
Annual Cash Flow Conversion Efficiency for Goldshore Resources Inc (2019–2024)
The table below shows the annual cash flow conversion efficiency of Goldshore Resources Inc from 2019 to 2024. Review how much free cash does Goldshore Resources Inc generate to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CA$92.67 Million ≈ $67.04 Million |
CA$-2.52 Million ≈ $-1.82 Million |
-0.027x | +24.27% |
| 2022-12-31 | CA$73.82 Million ≈ $53.40 Million |
CA$-2.65 Million ≈ $-1.92 Million |
-0.036x | +38.22% |
| 2021-12-31 | CA$64.57 Million ≈ $46.71 Million |
CA$-3.75 Million ≈ $-2.72 Million |
-0.058x | +97.34% |
| 2020-12-31 | CA$668.66K ≈ $483.70K |
CA$-1.46 Million ≈ $-1.06 Million |
-2.186x | -753.49% |
| 2019-12-31 | CA$-467.00K ≈ $-337.82K |
CA$-156.25K ≈ $-113.03K |
0.335x | -- |
About Goldshore Resources Inc
Gold X2 Mining Inc., engages in the exploration and development of gold in Canada. It holds 100% in the Moss Gold Project located in Ontario, Canada. The company was formerly known as Goldshore Resources Inc. and changed its name to Gold X2 Mining Inc. in September 2025. The company is headquartered in Vancouver, Canada.