Gold Basin Resources Corp Cash Flow Conversion Efficiency
Gold Basin Resources Corp cash flow conversion efficiency. Based on the latest financial reports, Gold Basin Resources Corp (GXX) has a cash flow conversion efficiency ratio of 0.026x as of September 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$510.77K ≈ $369.48K USD) by net assets (CA$19.35 Million ≈ $13.99 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 Gold Basin Resources Corp (2018–2023)
Cash flow conversion efficiency of Gold Basin Resources Corp from 2018 to 2023. This chart illustrates how Gold Basin Resources Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Gold Basin Resources Corp (GXX) share price today for real-time trading data and today's change.
Gold Basin Resources Corp Cash Flow Conversion Ratio Explained
Gold Basin Resources Corp 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.
Gold Basin Resources Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Gold Basin Resources Corp ranked by their cash flow conversion efficiency. Also see Gold Basin Resources Corp market cap and net worth for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Ohmyhome Limited Ordinary Shares
NASDAQ:OMH
|
-0.507x |
|
Beston Global Food Company Ltd
AU:BFC
|
-1.028x |
|
Overactive Media Corp
V:OAM
|
-0.066x |
|
American Uranium Ltd
AU:AMU
|
-0.035x |
|
OLB Group Inc
NASDAQ:OLB
|
-0.148x |
|
iMetal Resources Inc
V:IMR
|
-0.024x |
|
North Stawell Minerals Ltd
AU:NSM
|
-0.045x |
|
Harris Technology Group Ltd
AU:HT8
|
0.187x |
Annual Cash Flow Conversion Efficiency for Gold Basin Resources Corp (2018–2023)
The table below shows the annual cash flow conversion efficiency of Gold Basin Resources Corp from 2018 to 2023. Review GXX free cash flow generation 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 |
|---|---|---|---|---|
| 2023-12-31 | CA$19.19 Million ≈ $13.88 Million |
CA$-1.92 Million ≈ $-1.39 Million |
-0.100x | -63.79% |
| 2022-12-31 | CA$19.06 Million ≈ $13.79 Million |
CA$-1.17 Million ≈ $-843.16K |
-0.061x | -0.68% |
| 2021-12-31 | CA$19.19 Million ≈ $13.88 Million |
CA$-1.17 Million ≈ $-843.16K |
-0.061x | +17.07% |
| 2020-12-31 | CA$15.33 Million ≈ $11.09 Million |
CA$-1.12 Million ≈ $-812.14K |
-0.073x | +85.50% |
| 2019-12-31 | CA$301.72K ≈ $218.26K |
CA$-152.38K ≈ $-110.23K |
-0.505x | -51.29% |
| 2018-12-31 | CA$156.49K ≈ $113.20K |
CA$-52.24K ≈ $-37.79K |
-0.334x | -- |
About Gold Basin Resources Corp
Gold Basin Resources Corporation engages in the acquisition, exploration, and development of mineral property assets in North America. The company explores for gold deposits. It primarily holds interest in the Gold Basin property, which comprises five mineral rights and 294 unpatented mining claims, covering an area of 7,669.34 acres located in Mohave County, Arizona. The company was formerly kno… Read more