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 The a2 Milk Company Ltd net asset quality index to measure how much of total assets are equity-financed.

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. Check A2M cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.

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
Xi an Bright Laser Tech Co Ltd SHG:688333	0.022x
Amcor plc F:485	0.043x
INDIVIOR PLC DL 050 F:2IVB	N/A
CECEP Wind-Power Corp Co Ltd SHG:601016	0.092x
Munters Group AB ST:MTRS	0.075x
JC Decaux SA PA:DEC	0.167x
Atacadão S.A SA:CRFB3	0.427x
Zealand Pharma A/S CO:ZEAL	-0.070x

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 how much is The a2 Milk Company Ltd worth.

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

$3.51 Billion

AU$4.96 Billion AUD

Market Cap Rank

#4449 Global

#108 in Australia

Share Price

AU$6.84

Change (1 day)

-0.29%

52-Week Range

AU$5.19 - AU$9.96

All Time High

AU$19.94