Westpac Banking Corporation Cash Flow Conversion Efficiency
Westpac Banking Corporation cash flow conversion efficiency. Based on the latest financial reports, Westpac Banking Corporation (WBC) has a cash flow conversion efficiency ratio of 0.157x as of March 2026. 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$11.15 Billion ≈ $7.89 Billion USD) by net assets (AU$71.07 Billion ≈ $50.29 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cash Flow Conversion Efficiency of Westpac Banking Corporation (1990–2025)
Cash flow conversion efficiency of Westpac Banking Corporation from 1990 to 2025. This chart illustrates how Westpac Banking Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data. View WBC share price today for real-time trading data and today's change.
Westpac Banking Corporation Cash Flow Conversion Ratio Explained
Westpac Banking Corporation cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
Westpac Banking Corporation Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Westpac Banking Corporation ranked by their cash flow conversion efficiency. Also see Westpac Banking Corporation market cap and net worth for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Howmet Aerospace Inc
NYSE:HWM
|
0.102x |
|
Howmet Aerospace Inc
NYSE MKT:HWM
|
0.082x |
|
Marsh & McLennan Companies Inc
NYSE:MMC
|
0.152x |
|
CSX Corporation
NASDAQ:CSX
|
0.094x |
|
Blackstone Group Inc
NYSE:BX
|
0.087x |
|
Synopsys Inc
NASDAQ:SNPS
|
0.028x |
|
Williams Companies Inc
NYSE:WMB
|
0.106x |
|
National Australia Bank Ltd
AU:NAB
|
0.165x |
Annual Cash Flow Conversion Efficiency for Westpac Banking Corporation (1990–2025)
The table below shows the annual cash flow conversion efficiency of Westpac Banking Corporation from 1990 to 2025. Review Westpac Banking Corporation free cash flow ratio to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-09-30 | AU$73.09 Billion ≈ $51.72 Billion |
AU$13.93 Billion ≈ $9.85 Billion |
0.191x | +1571.24% |
| 2024-09-30 | AU$72.05 Billion ≈ $50.98 Billion |
AU$-933.00 Million ≈ $-660.16 Million |
-0.013x | +97.35% |
| 2023-09-30 | AU$72.54 Billion ≈ $51.33 Billion |
AU$-35.49 Billion ≈ $-25.11 Billion |
-0.489x | -90.58% |
| 2022-09-30 | AU$70.51 Billion ≈ $49.89 Billion |
AU$-18.10 Billion ≈ $-12.81 Billion |
-0.257x | -211.00% |
| 2021-09-30 | AU$72.09 Billion ≈ $51.01 Billion |
AU$16.67 Billion ≈ $11.80 Billion |
0.231x | -47.06% |
| 2020-09-30 | AU$68.07 Billion ≈ $48.17 Billion |
AU$29.74 Billion ≈ $21.04 Billion |
0.437x | +377.71% |
| 2019-09-30 | AU$65.51 Billion ≈ $46.35 Billion |
AU$5.99 Billion ≈ $4.24 Billion |
0.091x | +242.03% |
| 2018-09-30 | AU$64.57 Billion ≈ $45.69 Billion |
AU$-4.16 Billion ≈ $-2.94 Billion |
-0.064x | -10.62% |
| 2017-12-31 | AU$77.39 Billion ≈ $54.76 Billion |
AU$-4.50 Billion ≈ $-3.19 Billion |
-0.058x | -111.39% |
| 2017-10-31 | AU$57.27 Billion ≈ $40.52 Billion |
AU$29.27 Billion ≈ $20.71 Billion |
0.511x | +254.98% |
| 2017-09-30 | AU$61.34 Billion ≈ $43.40 Billion |
AU$-20.23 Billion ≈ $-14.31 Billion |
-0.330x | -565.81% |
| 2016-12-31 | AU$76.05 Billion ≈ $53.81 Billion |
AU$5.38 Billion ≈ $3.81 Billion |
0.071x | -81.28% |
| 2016-10-31 | AU$52.99 Billion ≈ $37.49 Billion |
AU$20.04 Billion ≈ $14.18 Billion |
0.378x | +166.12% |
| 2016-09-30 | AU$58.18 Billion ≈ $41.17 Billion |
AU$-33.27 Billion ≈ $-23.54 Billion |
-0.572x | -863.41% |
| 2015-12-31 | AU$75.18 Billion ≈ $53.20 Billion |
AU$-4.46 Billion ≈ $-3.16 Billion |
-0.059x | -115.28% |
| 2015-10-31 | AU$47.50 Billion ≈ $33.61 Billion |
AU$18.46 Billion ≈ $13.06 Billion |
0.389x | +331.07% |
| 2015-09-30 | AU$53.91 Billion ≈ $38.15 Billion |
AU$-9.07 Billion ≈ $-6.42 Billion |
-0.168x | -1197.92% |
| 2014-12-31 | AU$70.90 Billion ≈ $50.17 Billion |
AU$1.09 Billion ≈ $768.41 Million |
0.015x | +112.90% |
| 2014-09-30 | AU$49.34 Billion ≈ $34.91 Billion |
AU$-5.86 Billion ≈ $-4.14 Billion |
-0.119x | -264.80% |
| 2013-09-30 | AU$47.54 Billion ≈ $33.64 Billion |
AU$3.42 Billion ≈ $2.42 Billion |
0.072x | +143.82% |
| 2012-09-30 | AU$65.91 Billion ≈ $46.63 Billion |
AU$-10.84 Billion ≈ $-7.67 Billion |
-0.164x | +40.05% |
| 2011-09-30 | AU$43.81 Billion ≈ $31.00 Billion |
AU$-12.01 Billion ≈ $-8.50 Billion |
-0.274x | -2450.86% |
| 2010-09-30 | AU$40.12 Billion ≈ $28.39 Billion |
AU$468.00 Million ≈ $331.14 Million |
0.012x | -97.95% |
| 2009-09-30 | AU$36.57 Billion ≈ $25.88 Billion |
AU$20.76 Billion ≈ $14.69 Billion |
0.568x | +204.64% |
| 2008-09-30 | AU$19.77 Billion ≈ $13.99 Billion |
AU$-10.73 Billion ≈ $-7.59 Billion |
-0.543x | -658.74% |
| 2007-09-30 | AU$17.83 Billion ≈ $12.62 Billion |
AU$-1.27 Billion ≈ $-902.14 Million |
-0.072x | -11.97% |
| 2006-09-30 | AU$16.10 Billion ≈ $11.39 Billion |
AU$-1.03 Billion ≈ $-727.38 Million |
-0.064x | -124.09% |
| 2005-09-30 | AU$17.24 Billion ≈ $12.20 Billion |
AU$4.57 Billion ≈ $3.23 Billion |
0.265x | -21.25% |
| 2004-09-30 | AU$16.31 Billion ≈ $11.54 Billion |
AU$5.49 Billion ≈ $3.89 Billion |
0.337x | -22.65% |
| 2003-09-30 | AU$14.00 Billion ≈ $9.90 Billion |
AU$6.09 Billion ≈ $4.31 Billion |
0.435x | +20.97% |
| 2002-09-30 | AU$10.47 Billion ≈ $7.41 Billion |
AU$3.77 Billion ≈ $2.67 Billion |
0.360x | -4.36% |
| 2001-09-30 | AU$9.71 Billion ≈ $6.87 Billion |
AU$3.65 Billion ≈ $2.58 Billion |
0.376x | +60.56% |
| 2000-09-30 | AU$9.26 Billion ≈ $6.55 Billion |
AU$2.17 Billion ≈ $1.54 Billion |
0.234x | +320.68% |
| 1999-09-30 | AU$9.00 Billion ≈ $6.37 Billion |
AU$501.19 Million ≈ $354.62 Million |
0.056x | -75.88% |
| 1998-09-30 | AU$8.62 Billion ≈ $6.10 Billion |
AU$1.99 Billion ≈ $1.41 Billion |
0.231x | +38053.36% |
| 1997-09-30 | AU$8.20 Billion ≈ $5.80 Billion |
AU$4.96 Million ≈ $3.51 Million |
0.001x | -99.58% |
| 1996-09-30 | AU$7.91 Billion ≈ $5.60 Billion |
AU$1.13 Billion ≈ $803.08 Million |
0.143x | -65.73% |
| 1994-09-30 | AU$7.30 Billion ≈ $5.16 Billion |
AU$3.05 Billion ≈ $2.16 Billion |
0.419x | +175.84% |
| 1993-09-30 | AU$7.15 Billion ≈ $5.06 Billion |
AU$1.08 Billion ≈ $767.66 Million |
0.152x | -57.77% |
| 1992-09-30 | AU$6.65 Billion ≈ $4.70 Billion |
AU$2.39 Billion ≈ $1.69 Billion |
0.359x | +446.49% |
| 1991-09-30 | AU$7.25 Billion ≈ $5.13 Billion |
AU$476.71 Million ≈ $337.30 Million |
0.066x | -86.92% |
| 1990-09-30 | AU$6.88 Billion ≈ $4.87 Billion |
AU$3.46 Billion ≈ $2.45 Billion |
0.503x | -- |
About Westpac Banking Corporation
Westpac Banking Corporation provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe. It operates through the Consumer, Business & Wealth, Institutional, and New Zealand segments. The company offers bank accounts, home and personal loans, credit cards, international and travel banking services, insurance, superannuation, investme… Read more