Westpac Banking Corporation (WBC) - 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. See WBC net asset quality index to measure how much of total assets are equity-financed.
Westpac Banking Corporation - Cash Flow Conversion Efficiency Trend (1990–2025)
This chart illustrates how Westpac Banking Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Westpac Banking Corporation (WBC) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
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.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Zurich Insurance Group AG
F:ZFI1
|
0.070x |
|
Trane Technologies plc
F:2IS
|
0.135x |
|
Adobe Systems Incorporated
NASDAQ:ADBE
|
0.218x |
|
Waste Management Inc
NYSE:WM
|
0.150x |
|
ASE Industrial Holding Co Ltd
TW:3711
|
0.095x |
|
KKR & Co. Inc.
NYSE:KKR
|
0.024x |
|
PNC Financial Services Group Inc
NYSE:PNC
|
0.030x |
|
Tata Consultancy Services Limited
NSE:TCS
|
0.134x |
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. For the full company profile with market capitalisation and key ratios, see Westpac Banking Corporation stock valuation.
| 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