Qantas Airways Ltd (QAN) - Cash Flow Conversion Efficiency

Latest as of December 2025: 1.251x

Based on the latest financial reports, Qantas Airways Ltd (QAN) has a cash flow conversion efficiency ratio of 1.251x 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$1.69 Billion ≈ $1.19 Billion USD) by net assets (AU$1.35 Billion ≈ $954.50 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see QAN stock market capitalisation for the company's overall valuation and market capitalisation.

Qantas Airways Ltd - Cash Flow Conversion Efficiency Trend (1994–2025)

This chart illustrates how Qantas Airways Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Qantas Airways Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Qantas Airways Ltd ranked by their cash flow conversion efficiency. Explore QAN operating cash flow to net income to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
Chart Industries Inc NYSE:GTLS	0.035x
Pharmaron Beijing Co Ltd SHE:300759	0.068x
Masimo Corporation NASDAQ:MASI	0.084x
Sanan Optoelectronics Co Ltd SHG:600703	0.020x
Repligen Corporation NASDAQ:RGEN	0.016x
ORIENT OVERSEAS INT.ADR/5 F:ORI	N/A
Vanguard International Semiconductor TWO:5347	0.092x
Solstice Advanced Materials, Inc NASDAQ:SOLS	0.165x

Annual Cash Flow Conversion Efficiency for Qantas Airways Ltd (1994–2025)

The table below shows the annual cash flow conversion efficiency of Qantas Airways Ltd from 1994 to 2025. View Qantas Airways Ltd share price for real-time trading data and today's change.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-06-30	AU$783.00 Million ≈ $554.02 Million	AU$4.25 Billion ≈ $3.01 Billion	5.432x	-52.37%
2024-06-30	AU$294.00 Million ≈ $208.02 Million	AU$3.35 Billion ≈ $2.37 Billion	11.405x	-97.74%
2023-06-30	AU$10.00 Million ≈ $7.08 Million	AU$5.05 Billion ≈ $3.58 Billion	505.400x	+3696.48%
2022-06-30	AU$-190.00 Million ≈ $-134.44 Million	AU$2.67 Billion ≈ $1.89 Billion	-14.053x	-1429.56%
2021-06-30	AU$443.00 Million ≈ $313.45 Million	AU$-407.00 Million ≈ $-287.98 Million	-0.919x	-229.45%
2020-06-30	AU$1.53 Billion ≈ $1.08 Billion	AU$1.08 Billion ≈ $766.29 Million	0.710x	-32.39%
2019-06-30	AU$3.01 Billion ≈ $2.13 Billion	AU$3.16 Billion ≈ $2.24 Billion	1.050x	+21.65%
2018-06-30	AU$3.96 Billion ≈ $2.80 Billion	AU$3.41 Billion ≈ $2.41 Billion	0.863x	+12.98%
2017-06-30	AU$3.54 Billion ≈ $2.50 Billion	AU$2.70 Billion ≈ $1.91 Billion	0.764x	-11.67%
2016-06-30	AU$3.26 Billion ≈ $2.31 Billion	AU$2.82 Billion ≈ $1.99 Billion	0.865x	+45.54%
2015-06-30	AU$3.45 Billion ≈ $2.44 Billion	AU$2.05 Billion ≈ $1.45 Billion	0.594x	+59.29%
2014-06-30	AU$2.87 Billion ≈ $2.03 Billion	AU$1.07 Billion ≈ $756.39 Million	0.373x	+53.73%
2013-06-30	AU$5.84 Billion ≈ $4.13 Billion	AU$1.42 Billion ≈ $1.00 Billion	0.243x	-21.06%
2012-06-30	AU$5.89 Billion ≈ $4.17 Billion	AU$1.81 Billion ≈ $1.28 Billion	0.307x	+11.73%
2011-06-30	AU$6.15 Billion ≈ $4.35 Billion	AU$1.69 Billion ≈ $1.20 Billion	0.275x	+25.88%
2010-06-30	AU$5.98 Billion ≈ $4.23 Billion	AU$1.31 Billion ≈ $924.79 Million	0.219x	+11.59%
2009-06-30	AU$5.76 Billion ≈ $4.08 Billion	AU$1.13 Billion ≈ $798.84 Million	0.196x	-47.23%
2008-06-30	AU$5.73 Billion ≈ $4.06 Billion	AU$2.13 Billion ≈ $1.51 Billion	0.371x	-2.30%
2007-06-30	AU$6.20 Billion ≈ $4.38 Billion	AU$2.35 Billion ≈ $1.67 Billion	0.380x	+14.02%
2006-06-30	AU$6.08 Billion ≈ $4.30 Billion	AU$2.03 Billion ≈ $1.43 Billion	0.333x	+9.81%
2005-06-30	AU$6.43 Billion ≈ $4.55 Billion	AU$1.95 Billion ≈ $1.38 Billion	0.303x	-11.37%
2004-06-30	AU$5.84 Billion ≈ $4.13 Billion	AU$2.00 Billion ≈ $1.41 Billion	0.342x	+39.56%
2003-06-30	AU$5.26 Billion ≈ $3.72 Billion	AU$1.29 Billion ≈ $913.32 Million	0.245x	-8.74%
2002-06-30	AU$4.25 Billion ≈ $3.01 Billion	AU$1.14 Billion ≈ $808.96 Million	0.269x	-19.03%
2001-06-30	AU$3.32 Billion ≈ $2.35 Billion	AU$1.10 Billion ≈ $778.82 Million	0.332x	-40.57%
2000-06-30	AU$2.86 Billion ≈ $2.03 Billion	AU$1.60 Billion ≈ $1.13 Billion	0.559x	+41.44%
1999-06-30	AU$3.06 Billion ≈ $2.17 Billion	AU$1.21 Billion ≈ $854.95 Million	0.395x	-3.99%
1998-06-30	AU$2.96 Billion ≈ $2.10 Billion	AU$1.22 Billion ≈ $862.10 Million	0.411x	-1.10%
1997-06-30	AU$2.67 Billion ≈ $1.89 Billion	AU$1.11 Billion ≈ $785.96 Million	0.416x	+10.95%
1995-06-30	AU$2.28 Billion ≈ $1.61 Billion	AU$853.80 Million ≈ $604.12 Million	0.375x	+11.38%
1994-06-30	AU$2.17 Billion ≈ $1.53 Billion	AU$729.00 Million ≈ $515.81 Million	0.337x	--

About Qantas Airways Ltd

AU:QAN Australia Airlines

Market Cap

$9.31 Billion

AU$13.16 Billion AUD

Market Cap Rank

#2353 Global

#45 in Australia

Share Price

AU$8.70

Change (1 day)

-1.92%

52-Week Range

AU$8.15 - AU$11.19

All Time High

AU$12.12