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.

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. Read Thai Airways International Public Compan debt and liabilities for a breakdown of total debt and financial obligations.

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
LYFT Inc NASDAQ:LYFT	0.085x
Sk Biopharmaceuticals Co Ltd KO:326030	0.095x
Chongqing Zhifei Bio Products SHE:300122	0.048x
Rigetti Computing Inc NASDAQ:RGTI	-0.037x
Black Hills Corporation NYSE:BKH	0.043x
Versant Media Group, Inc. Class A Common Stock When-Issued NASDAQ:VSNTV	N/A
Eregli Demir ve Celik Fabrikalari TAS IS:EREGL	-0.068x
Tianfeng Securities Co Ltd SHG:601162	-0.104x

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

$5.29 Billion

฿169.82 Billion THB

Market Cap Rank

#3451 Global

#20 in Thailand

Share Price

฿6.00

Change (1 day)

+0.84%

52-Week Range

฿5.80 - ฿15.00

All Time High

฿15.00