Lovitt Resources Inc (LRC-H) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Lovitt Resources Inc (LRC-H) has a cash flow conversion efficiency ratio of 0.035x as of March 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$-35.27K) by net assets (CA$-1.01 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Lovitt Resources Inc - Cash Flow Conversion Efficiency Trend (2017–2022)
This chart illustrates how Lovitt Resources 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.
Lovitt Resources Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Lovitt Resources Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
ExpreS2ion Biotech Holding AB
ST:EXPRS2
|
0.019x |
|
Chrysalis 12 Inc.
V:RTO-P
|
N/A |
|
OSX Brasil S.A
SA:OSXB3
|
-0.002x |
|
Ten Lifestyle Group PLC
LSE:TENG
|
0.308x |
|
Hertz Energy Inc.
F:A340
|
-0.029x |
|
Sirius Media
PA:ALSRS
|
-0.018x |
|
METAVISIO EO1
F:Y2Z
|
N/A |
|
Michelmersh Brick Holdings Plc
LSE:MBH
|
0.020x |
Annual Cash Flow Conversion Efficiency for Lovitt Resources Inc (2017–2022)
The table below shows the annual cash flow conversion efficiency of Lovitt Resources Inc from 2017 to 2022.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2022-03-31 | CA$-941.63K | CA$-92.74K | 0.098x | +43.22% |
| 2021-03-31 | CA$-821.38K | CA$-56.48K | 0.069x | -81.07% |
| 2019-03-31 | CA$-718.45K | CA$-261.05K | 0.363x | +15.77% |
| 2018-03-31 | CA$-574.45K | CA$-180.29K | 0.314x | -65.57% |
| 2017-03-31 | CA$-301.78K | CA$-275.12K | 0.912x | -- |
About Lovitt Resources Inc
Lovitt Resources Inc., through its subsidiary, Lovitt Mining Company, Inc., engages in the acquisition, exploration, and development of mineral properties in the United States and Canada. The company primarily explores for gold and silver deposits. It holds interests in the Lovitt gold mine; and other mining assets consisting of approximately 285 acres of land adjoining of Wenatchee, Washington. … Read more