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.

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. Read AAV total debt and obligations for a breakdown of total debt and financial obligations.

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
Universal Logistics Holdings Inc NASDAQ:ULH	0.045x
Seah Holdings KO:058650	-0.012x
Green Cross KO:005250	0.074x
Mattr Corp TO:MATR	0.008x
PRA Group Inc NASDAQ:PRAA	-0.010x
J.Kumar Infraprojects Limited NSE:JKIL	0.129x
PTG Energy PCL BK:PTG	0.112x
Wuhan Sante Cableway Group Co Ltd SHE:002159	0.074x

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 stock valuation.

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

#13397 Global

#139 in Thailand

Share Price

฿1.06

Change (1 day)

-0.93%

52-Week Range

฿0.96 - ฿1.40

All Time High

฿6.50