Magnetic North Acquisition Corp (MNC) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Magnetic North Acquisition Corp (MNC) has a cash flow conversion efficiency ratio of 0.115x 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$-419.53K ≈ $-303.48K USD) by net assets (CA$-3.66 Million ≈ $-2.65 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See MNC equity to assets ratio to measure how much of total assets are equity-financed.
Magnetic North Acquisition Corp - Cash Flow Conversion Efficiency Trend (2017–2023)
This chart illustrates how Magnetic North Acquisition Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check MNC cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Magnetic North Acquisition Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Magnetic North Acquisition Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Bitterroot Resources Ltd
V:BTT
|
-0.011x |
|
SThree plc
LSE:STEM
|
0.183x |
|
ASA International Group PLC
LSE:ASAI
|
0.234x |
|
Fidelity Japanese Values PLC ORD
LSE:FJV
|
-0.002x |
|
Miramar Resources Ltd
AU:M2R
|
-0.007x |
|
Millennium Silver Corp
V:MSC
|
0.037x |
|
Iterum Therapeutics PLC
NASDAQ:ITRM
|
1.063x |
|
8I Holdings Ltd
AU:8IH
|
-0.057x |
Annual Cash Flow Conversion Efficiency for Magnetic North Acquisition Corp (2017–2023)
The table below shows the annual cash flow conversion efficiency of Magnetic North Acquisition Corp from 2017 to 2023. For the full company profile with market capitalisation and key ratios, see Magnetic North Acquisition Corp stock valuation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-09-30 | CA$-1.87 Million ≈ $-1.35 Million |
CA$-1.05 Million ≈ $-756.54K |
0.560x | +1387.98% |
| 2022-09-30 | CA$-18.47 Million ≈ $-13.36 Million |
CA$-695.13K ≈ $-502.85K |
0.038x | +4.82% |
| 2021-09-30 | CA$-13.09 Million ≈ $-9.47 Million |
CA$-469.83K ≈ $-339.87K |
0.036x | +134.25% |
| 2020-09-30 | CA$13.32 Million ≈ $9.64 Million |
CA$-1.40 Million ≈ $-1.01 Million |
-0.105x | +61.55% |
| 2019-09-30 | CA$1.57 Million ≈ $1.14 Million |
CA$-428.36K ≈ $-309.87K |
-0.273x | -209.61% |
| 2018-09-30 | CA$-454.54K ≈ $-328.80K |
CA$-113.05K ≈ $-81.78K |
0.249x | -91.84% |
| 2017-09-30 | CA$-27.03K ≈ $-19.55K |
CA$-82.37K ≈ $-59.59K |
3.047x | -- |
About Magnetic North Acquisition Corp
Magnetic North Acquisition Corp. engages in the merchant banking business in Canada. The company provides strategic and financial advice and services to companies in the clean power technology, consumer products, manufacturing, and information technology sectors. It also focuses on investing in various industries, such as clean power technology, oilfield services, consumer products, and software … Read more