Goldshore Resources Inc (GSHR) - 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. See Goldshore Resources Inc balance sheet quality to measure how much of total assets are equity-financed.
Goldshore Resources Inc - Cash Flow Conversion Efficiency Trend (2019–2024)
This chart illustrates how Goldshore Resources Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Goldshore Resources Inc (GSHR) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
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.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Speed Tech
TWO:5457
|
0.191x |
|
CB Financial Services Inc
NASDAQ:CBFV
|
0.019x |
|
Seven Hills Realty Trust
NASDAQ:SEVN
|
0.015x |
|
Pruksa Holding Public Company Limited
F:2PR3
|
0.067x |
|
Orzel Bialy S.A.
WAR:OBL
|
0.019x |
|
Mulia Boga Raya PT
JK:KEJU
|
0.038x |
|
TBI Motion Technology Co Ltd
TW:4540
|
-0.091x |
|
S-ENJOY SERVICE GR.DL-01
F:78E
|
N/A |
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. For the full company profile with market capitalisation and key ratios, see how much is Goldshore Resources Inc worth.
| 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.