Maritime Resources Corp. (MAE) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Maritime Resources Corp. (MAE) has a cash flow conversion efficiency ratio of 0.038x 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$2.39 Million) by net assets (CA$63.64 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Maritime Resources Corp. - Cash Flow Conversion Efficiency Trend (2007–2024)
This chart illustrates how Maritime Resources Corp.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Maritime Resources Corp. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Maritime Resources Corp. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Midnight Sun Mining Corp
V:MMA
|
-0.101x |
|
Microvision Inc
NASDAQ:MVIS
|
-0.277x |
|
Rubellite Energy Inc
TO:RBY
|
0.090x |
|
Hua Na Hydropower JSC
VN:HNA
|
0.116x |
|
Bergbahnen Engelberg Truebsee Titlis Bet AG
SW:TIBN
|
0.062x |
|
Steel Pipe Industry Of Indonesia
JK:ISSP
|
0.086x |
|
Zur Shamir Holdings Ltd
TA:ZUR
|
-0.213x |
|
RCI Hospitality Holdings Inc
NASDAQ:RICK
|
0.051x |
Annual Cash Flow Conversion Efficiency for Maritime Resources Corp. (2007–2024)
The table below shows the annual cash flow conversion efficiency of Maritime Resources Corp. from 2007 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CA$42.55 Million | CA$-3.76 Million | -0.088x | -33.15% |
| 2023-12-31 | CA$38.97 Million | CA$-2.58 Million | -0.066x | -34.80% |
| 2022-12-31 | CA$37.88 Million | CA$-1.86 Million | -0.049x | +5.35% |
| 2021-12-31 | CA$35.91 Million | CA$-1.87 Million | -0.052x | +13.62% |
| 2020-12-31 | CA$24.89 Million | CA$-1.50 Million | -0.060x | +64.20% |
| 2019-12-31 | CA$13.57 Million | CA$-2.28 Million | -0.168x | +26.18% |
| 2018-12-31 | CA$9.94 Million | CA$-2.26 Million | -0.228x | -10.04% |
| 2017-12-31 | CA$6.28 Million | CA$-1.30 Million | -0.207x | +6.93% |
| 2016-12-31 | CA$5.97 Million | CA$-1.33 Million | -0.222x | -453.82% |
| 2015-12-31 | CA$4.21 Million | CA$-168.94K | -0.040x | +61.36% |
| 2014-12-31 | CA$4.70 Million | CA$-488.27K | -0.104x | +6.12% |
| 2013-12-31 | CA$4.52 Million | CA$-499.83K | -0.111x | -47.96% |
| 2012-12-31 | CA$4.30 Million | CA$-321.57K | -0.075x | +13.24% |
| 2011-12-31 | CA$3.02 Million | CA$-260.55K | -0.086x | +29.58% |
| 2009-12-31 | CA$531.34K | CA$-65.03K | -0.122x | -103.72% |
| 2008-12-31 | CA$576.25K | CA$-34.62K | -0.060x | -1225.03% |
| 2007-12-31 | CA$150.00K | CA$801.00 | 0.005x | -- |
About Maritime Resources Corp.
Maritime Resources Corp., a junior gold and base metals exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, lead, zinc, coper, and silver deposit. The company was incorporated in 2007 and is based in Vancouver, Canada.