Thai Airways International Public Company Limited (THAI) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.005x

Based on the latest financial reports, Thai Airways International Public Company Limited (THAI) has a cash flow conversion efficiency ratio of 0.005x 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 (฿332.90 Million ≈ $10.38 Million USD) by net assets (฿71.98 Billion ≈ $2.24 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 Thai Airways International Public Compan liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Thai Airways International Public Company Limited - Cash Flow Conversion Efficiency Trend (2000–2024)

This chart illustrates how Thai Airways International Public Company Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Thai Airways International Public Company Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Thai Airways International Public Company Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Hui Lyu Ecological Technology Groups Co Ltd SHE:001267	-0.026x
DigitalOcean Holdings Inc NYSE:DOCN	-1.997x
Anhui Yingliu SHG:603308	0.017x
Nice Ltd ADR NASDAQ:NICE	0.049x
Hunan Gold Corp Ltd SHE:002155	0.031x
Axfood AB ST:AXFO	0.286x
PTC Therapeutics Inc NASDAQ:PTCT	0.327x
Fastighets AB Balder (publ) ST:BALD-B	0.001x

Annual Cash Flow Conversion Efficiency for Thai Airways International Public Company Limited (2000–2024)

The table below shows the annual cash flow conversion efficiency of Thai Airways International Public Company Limited from 2000 to 2024. For the full company profile with market capitalisation and key ratios, see how much is Thai Airways International Public Compan worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	฿45.59 Billion ≈ $1.42 Billion	฿55.23 Billion ≈ $1.72 Billion	1.212x	+219.05%
2023-12-31	฿-43.14 Billion ≈ $-1.34 Billion	฿43.90 Billion ≈ $1.37 Billion	-1.018x	-148.32%
2022-12-31	฿-71.02 Billion ≈ $-2.21 Billion	฿29.11 Billion ≈ $907.25 Million	-0.410x	-396.53%
2021-12-31	฿-71.25 Billion ≈ $-2.22 Billion	฿-9.85 Billion ≈ $-306.93 Million	0.138x	+81.18%
2020-12-31	฿-128.66 Billion ≈ $-4.01 Billion	฿-9.81 Billion ≈ $-305.91 Million	0.076x	-93.39%
2019-12-31	฿11.77 Billion ≈ $366.73 Million	฿13.57 Billion ≈ $423.07 Million	1.154x	+35.63%
2018-12-31	฿20.46 Billion ≈ $637.61 Million	฿17.40 Billion ≈ $542.33 Million	0.851x	+14.93%
2017-12-31	฿32.01 Billion ≈ $997.81 Million	฿23.69 Billion ≈ $738.46 Million	0.740x	+1.22%
2016-12-31	฿33.59 Billion ≈ $1.05 Billion	฿24.56 Billion ≈ $765.47 Million	0.731x	+29.66%
2015-12-31	฿32.93 Billion ≈ $1.03 Billion	฿18.57 Billion ≈ $578.71 Million	0.564x	+286.91%
2014-12-31	฿41.30 Billion ≈ $1.29 Billion	฿6.02 Billion ≈ $187.59 Million	0.146x	-67.76%
2013-12-31	฿56.92 Billion ≈ $1.77 Billion	฿25.73 Billion ≈ $802.11 Million	0.452x	+1.29%
2012-12-31	฿69.82 Billion ≈ $2.18 Billion	฿31.16 Billion ≈ $971.31 Million	0.446x	+208.87%
2011-12-31	฿63.44 Billion ≈ $1.98 Billion	฿9.17 Billion ≈ $285.72 Million	0.145x	-57.62%
2010-12-31	฿82.91 Billion ≈ $2.58 Billion	฿28.27 Billion ≈ $881.08 Million	0.341x	-36.36%
2009-12-31	฿53.24 Billion ≈ $1.66 Billion	฿28.52 Billion ≈ $889.04 Million	0.536x	+116.15%
2008-12-31	฿45.88 Billion ≈ $1.43 Billion	฿11.37 Billion ≈ $354.43 Million	0.248x	-37.67%
2007-12-31	฿69.23 Billion ≈ $2.16 Billion	฿27.52 Billion ≈ $857.91 Million	0.398x	+14.51%
2006-12-31	฿65.68 Billion ≈ $2.05 Billion	฿22.81 Billion ≈ $710.82 Million	0.347x	+5.21%
2005-12-31	฿59.21 Billion ≈ $1.85 Billion	฿19.54 Billion ≈ $609.06 Million	0.330x	-34.97%
2004-12-31	฿54.32 Billion ≈ $1.69 Billion	฿27.57 Billion ≈ $859.27 Million	0.507x	-14.87%
2003-12-31	฿39.05 Billion ≈ $1.22 Billion	฿23.28 Billion ≈ $725.62 Million	0.596x	-33.89%
2002-12-31	฿28.35 Billion ≈ $883.77 Million	฿25.56 Billion ≈ $796.81 Million	0.902x	+70.93%
2001-12-31	฿12.63 Billion ≈ $393.67 Million	฿6.66 Billion ≈ $207.65 Million	0.527x	-78.02%
2000-12-31	฿9.60 Billion ≈ $299.29 Million	฿23.04 Billion ≈ $718.07 Million	2.399x	--

About Thai Airways International Public Company Limited

BK:THAI Thailand Airlines

Market Cap

$6.09 Billion

฿195.29 Billion THB

Market Cap Rank

#3210 Global

#20 in Thailand

Share Price

฿6.90

Change (1 day)

-3.50%

52-Week Range

฿5.80 - ฿15.00

All Time High

฿15.00