The a2 Milk Company Ltd (A2M) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.069x

Based on the latest financial reports, The a2 Milk Company Ltd (A2M) has a cash flow conversion efficiency ratio of 0.069x as of December 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 (AU$95.20 Million ≈ $67.36 Million USD) by net assets (AU$1.39 Billion ≈ $980.64 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 A2M cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

The a2 Milk Company Ltd - Cash Flow Conversion Efficiency Trend (2004–2025)

This chart illustrates how The a2 Milk Company Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.

The a2 Milk Company Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of The a2 Milk Company Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Bank of Guiyang Co Ltd SHG:601997	0.065x
Zhejiang Yongtai Technology Co Ltd SHE:002326	0.031x
Tibet Huayu Mining Co Ltd SHG:601020	0.047x
PENNON GROUP PLC UNS.ADR2 F:3PN0	N/A
Flat Glass Group Co. Ltd SHG:601865	0.039x
Cinemark Holdings Inc NYSE:CNK	0.233x
Triumph Science & Technology Co Ltd SHG:600552	-0.015x
Becle S.A.B. de C.V MX:CUERVO	0.034x

Annual Cash Flow Conversion Efficiency for The a2 Milk Company Ltd (2004–2025)

The table below shows the annual cash flow conversion efficiency of The a2 Milk Company Ltd from 2004 to 2025. For the full company profile with market capitalisation and key ratios, see A2M stock market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-06-30	AU$1.43 Billion ≈ $1.01 Billion	AU$201.48 Million ≈ $142.56 Million	0.141x	-30.80%
2024-06-30	AU$1.26 Billion ≈ $889.25 Million	AU$255.74 Million ≈ $180.96 Million	0.203x	+110.20%
2023-06-30	AU$1.15 Billion ≈ $813.35 Million	AU$111.28 Million ≈ $78.74 Million	0.097x	-18.34%
2022-06-30	AU$1.19 Billion ≈ $844.80 Million	AU$141.55 Million ≈ $100.16 Million	0.119x	+43.72%
2021-06-30	AU$1.08 Billion ≈ $766.97 Million	AU$89.42 Million ≈ $63.27 Million	0.082x	-78.11%
2020-06-30	AU$1.13 Billion ≈ $802.42 Million	AU$427.41 Million ≈ $302.42 Million	0.377x	+2.72%
2019-06-30	AU$787.85 Million ≈ $557.46 Million	AU$289.07 Million ≈ $204.53 Million	0.367x	-11.78%
2018-06-30	AU$555.71 Million ≈ $393.20 Million	AU$231.11 Million ≈ $163.52 Million	0.416x	+0.53%
2017-06-30	AU$241.58 Million ≈ $170.93 Million	AU$99.94 Million ≈ $70.72 Million	0.414x	+156.38%
2016-06-30	AU$133.08 Million ≈ $94.16 Million	AU$21.47 Million ≈ $15.19 Million	0.161x	+217.29%
2015-06-30	AU$58.63 Million ≈ $41.48 Million	AU$-8.07 Million ≈ $-5.71 Million	-0.138x	-1954.73%
2014-06-30	AU$58.64 Million ≈ $41.49 Million	AU$435.00K ≈ $307.79K	0.007x	-87.81%
2013-06-30	AU$59.93 Million ≈ $42.40 Million	AU$3.65 Million ≈ $2.58 Million	0.061x	+2482.71%
2012-06-30	AU$37.35 Million ≈ $26.43 Million	AU$88.00K ≈ $62.27K	0.002x	-95.88%
2011-06-30	AU$25.18 Million ≈ $17.82 Million	AU$1.44 Million ≈ $1.02 Million	0.057x	+121.83%
2010-06-30	AU$7.27 Million ≈ $5.14 Million	AU$-1.90 Million ≈ $-1.35 Million	-0.262x	-147.48%
2008-06-30	AU$-7.62 Million ≈ $-5.39 Million	AU$-4.20 Million ≈ $-2.97 Million	0.551x	-85.06%
2007-06-30	AU$-1.38 Million ≈ $-974.45K	AU$-5.08 Million ≈ $-3.60 Million	3.690x	-59.44%
2005-06-30	AU$-223.76K ≈ $-158.32K	AU$-2.04 Million ≈ $-1.44 Million	9.099x	+3466.21%
2004-06-30	AU$5.43 Million ≈ $3.84 Million	AU$-1.47 Million ≈ $-1.04 Million	-0.270x	--

About The a2 Milk Company Ltd

AU:A2M Australia Packaged Foods

Market Cap

$3.03 Billion

AU$4.29 Billion AUD

Market Cap Rank

#4977 Global

#119 in Australia

Share Price

AU$5.91

Change (1 day)

-1.83%

52-Week Range

AU$5.19 - AU$9.96

All Time High

AU$19.94