Westpac Banking Corporation (WBC) - Cash Flow Conversion Efficiency

Latest as of March 2026: 0.157x

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 Westpac Banking Corporation defensive interval ratio to measure how many days the company can operate on defensive assets alone.

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.

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
PNC Financial Services Group Inc NYSE:PNC	0.030x
Zurich Insurance Group AG F:ZFI1	0.070x
Trane Technologies plc F:2IS	0.135x
Williams Companies Inc NYSE:WMB	0.106x
Johnson Controls International PLC NYSE:JCI	0.050x
Waste Management Inc NYSE:WM	0.150x
National Grid PLC ADR NYSE:NGG	0.076x
Agnico Eagle Mines Limited TO:AEM	0.051x

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 WBC market cap overview.

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

AU:WBC Australia Banks - Diversified

Market Cap

$86.62 Billion

AU$122.42 Billion AUD

Market Cap Rank

#294 Global

#5 in Australia

Share Price

AU$35.85

Change (1 day)

+0.73%

52-Week Range

AU$32.65 - AU$42.95

All Time High

AU$42.95