Sparx Technology Inc (SPRX) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Sparx Technology Inc (SPRX) has a cash flow conversion efficiency ratio of 0.114x as of December 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$-137.33K ≈ $-99.34K USD) by net assets (CA$-1.20 Million ≈ $-869.88K USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See how leveraged is Sparx Technology Inc's balance sheet to measure how much of total assets are equity-financed.
Sparx Technology Inc - Cash Flow Conversion Efficiency Trend (2022–2023)
This chart illustrates how Sparx Technology Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Sparx Technology Inc earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
Sparx Technology Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Sparx Technology Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Nevada Zinc Corp
V:NZN
|
0.109x |
|
Manx Financial Group Plc
LSE:MFX
|
0.169x |
|
Sosandar Plc
LSE:SOS
|
0.053x |
|
Corcel PLC
LSE:CRCL
|
-0.708x |
|
MEDIMI AB AK
F:79T
|
-0.182x |
|
Israel Opportunity - Energy Resources LP
TA:ISOP-L
|
-0.055x |
|
Wildpack Beverage Inc
V:CANS
|
0.068x |
|
MEDCAW INVESTMENTS LS-01
F:U09
|
N/A |
Annual Cash Flow Conversion Efficiency for Sparx Technology Inc (2022–2023)
The table below shows the annual cash flow conversion efficiency of Sparx Technology Inc from 2022 to 2023. For the full company profile with market capitalisation and key ratios, see Sparx Technology Inc market cap and net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-06-30 | CA$-1.06 Million ≈ $-767.77K |
CA$-1.31 Million ≈ $-950.78K |
1.238x | +141.96% |
| 2022-06-30 | CA$623.98K ≈ $451.38K |
CA$-1.84 Million ≈ $-1.33 Million |
-2.951x | -- |
About Sparx Technology Inc
Sparx Technology Inc. engages in the development and distribution of real-time platforms for clients. It also offers broadcast and app integration services that helps news, sports, and entertainment brands to interaction into their programming through a second screen; video on demand services; and Sparx studio platform. Sparx Technology Inc. is based in Vancouver, Canada.