Millennial Potash Corp. (MLP) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Millennial Potash Corp. (MLP) has a cash flow conversion efficiency ratio of 0.004x as of May 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$38.46K ≈ $27.82K USD) by net assets (CA$10.07 Million ≈ $7.28 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Millennial Potash Corp. - Cash Flow Conversion Efficiency Trend (2020–2023)
This chart illustrates how Millennial Potash Corp.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Millennial Potash Corp. debt and liabilities for a breakdown of total debt and financial obligations.
Millennial Potash Corp. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Millennial Potash Corp. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Viant Technology Inc
NASDAQ:DSP
|
0.115x |
|
Mayfair Gold Corp
V:MFG
|
-0.027x |
|
GTM Holdings Corp
TW:1437
|
0.019x |
|
New Fortress Energy LLC
NASDAQ:NFE
|
-0.170x |
|
PetroVietnam General Services Corp
VN:PET
|
-0.020x |
|
Lynch Group Holdings Ltd
AU:LGL
|
0.146x |
|
Eugene Corporation
KQ:023410
|
0.011x |
|
Toro Ltd
LSE:TORO
|
0.025x |
Annual Cash Flow Conversion Efficiency for Millennial Potash Corp. (2020–2023)
The table below shows the annual cash flow conversion efficiency of Millennial Potash Corp. from 2020 to 2023. For the full company profile with market capitalisation and key ratios, see how much is Millennial Potash Corp. worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-08-31 | CA$6.43 Million ≈ $4.65 Million |
CA$-3.43 Million ≈ $-2.48 Million |
-0.534x | -270.45% |
| 2022-08-31 | CA$4.79 Million ≈ $3.47 Million |
CA$-690.88K ≈ $-499.77K |
-0.144x | +60.01% |
| 2021-08-31 | CA$4.82 Million ≈ $3.49 Million |
CA$-1.74 Million ≈ $-1.26 Million |
-0.360x | +81.19% |
| 2020-08-31 | CA$35.39K ≈ $25.60K |
CA$-67.83K ≈ $-49.07K |
-1.917x | -- |
About Millennial Potash Corp.
Millennial Potash Corp. engages in the acquisition, exploration, and development of mineral properties with a primary focus on potash deposits. It holds an option to acquire a 100% interest in the Banio Potash project located on the Atlantic coast of Gabon, Western Africa. The company was formerly known as Black Mountain Gold USA Corp. and changed its name to Millennial Potash Corp. in January 20… Read more