Asia Aviation Public Company Limited (AAV) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.385x

Based on the latest financial reports, Asia Aviation Public Company Limited (AAV) has a cash flow conversion efficiency ratio of 0.385x as of September 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 (฿4.67 Billion ≈ $145.41 Million USD) by net assets (฿12.11 Billion ≈ $377.34 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 Asia Aviation Public Company Limited (AAV) net asset quality to measure how much of total assets are equity-financed.

Asia Aviation Public Company Limited - Cash Flow Conversion Efficiency Trend (2009–2024)

This chart illustrates how Asia Aviation Public Company Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check AAV operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.

Asia Aviation Public Company Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Asia Aviation Public Company Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Rongfeng Holding Group SHE:000668	-0.064x
Guangdong VTR Bio-Tech Co Ltd SHE:300381	0.021x
Hey-Song Corp TW:1234	-0.001x
Zhejiang Extek Technology Co. Ltd. A SHE:301399	N/A
Hoang Huy Investment Financial VN:TCH	0.067x
Jindal Worldwide Limited NSE:JINDWORLD	0.100x
PRA Group Inc NASDAQ:PRAA	-0.010x
Beijing Beetech Inc SHE:300667	0.000x

Annual Cash Flow Conversion Efficiency for Asia Aviation Public Company Limited (2009–2024)

The table below shows the annual cash flow conversion efficiency of Asia Aviation Public Company Limited from 2009 to 2024. For the full company profile with market capitalisation and key ratios, see Asia Aviation Public Company Limited (AAV) market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	฿11.38 Billion ≈ $354.69 Million	฿7.46 Billion ≈ $232.62 Million	0.656x	-11.57%
2023-12-31	฿8.41 Billion ≈ $262.21 Million	฿6.24 Billion ≈ $194.47 Million	0.742x	+945.97%
2022-12-31	฿7.95 Billion ≈ $247.93 Million	฿564.02 Million ≈ $17.58 Million	0.071x	+127.45%
2021-12-31	฿16.83 Billion ≈ $524.54 Million	฿-4.35 Billion ≈ $-135.49 Million	-0.258x	-399.42%
2020-12-31	฿17.36 Billion ≈ $541.11 Million	฿-897.90 Million ≈ $-27.99 Million	-0.052x	-248.30%
2019-12-31	฿27.69 Billion ≈ $863.03 Million	฿965.68 Million ≈ $30.10 Million	0.035x	-65.21%
2018-12-31	฿28.62 Billion ≈ $892.15 Million	฿2.87 Billion ≈ $89.43 Million	0.100x	-38.58%
2017-12-31	฿31.45 Billion ≈ $980.37 Million	฿5.13 Billion ≈ $160.00 Million	0.163x	+12.19%
2016-12-31	฿30.12 Billion ≈ $938.82 Million	฿4.38 Billion ≈ $136.57 Million	0.145x	+35.84%
2015-12-31	฿28.08 Billion ≈ $875.33 Million	฿3.01 Billion ≈ $93.73 Million	0.107x	+56.47%
2014-12-31	฿27.02 Billion ≈ $842.06 Million	฿1.85 Billion ≈ $57.63 Million	0.068x	-50.56%
2013-12-31	฿26.68 Billion ≈ $831.45 Million	฿3.69 Billion ≈ $115.09 Million	0.138x	+37.04%
2012-12-31	฿26.17 Billion ≈ $815.59 Million	฿2.64 Billion ≈ $82.38 Million	0.101x	-99.71%
2011-12-31	฿7.65 Million ≈ $238.45K	฿262.43 Million ≈ $8.18 Million	34.304x	+20877.92%
2010-12-31	฿-959.40 Million ≈ $-29.90 Million	฿-156.88 Million ≈ $-4.89 Million	0.164x	+471.99%
2009-12-31	฿-1.96 Billion ≈ $-61.23 Million	฿86.35 Million ≈ $2.69 Million	-0.044x	--

About Asia Aviation Public Company Limited

BK:AAV Thailand Airlines

Market Cap

$424.56 Million

฿13.62 Billion THB

Market Cap Rank

#13066 Global

#145 in Thailand

Share Price

฿1.06

Change (1 day)

+0.95%

52-Week Range

฿1.05 - ฿1.40

All Time High

฿6.50