Carlsberg A/S (CARL-B) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Carlsberg A/S (CARL-B) has a cash flow conversion efficiency ratio of 0.241x as of December 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 (Dkr7.41 Billion ≈ $1.16 Billion USD) by net assets (Dkr30.68 Billion ≈ $4.80 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 Carlsberg A/S (CARL-B) balance sheet quality index to measure how much of total assets are equity-financed.
Carlsberg A/S - Cash Flow Conversion Efficiency Trend (2002–2025)
This chart illustrates how Carlsberg A/S's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check CARL-B cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Carlsberg A/S Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Carlsberg A/S ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
H.K. CHINA GAS HD-25 ADR
F:HCGS
|
N/A |
|
Ascendis Pharma AS
NASDAQ:ASND
|
-0.016x |
|
Capgemini SE
PA:CAP
|
0.183x |
|
WUXI BIOLOGICS UNSP.ADR/2
F:1FW1
|
N/A |
|
Rogers Communications Inc
TO:RCI-B
|
0.060x |
|
Sands China Ltd
F:599A
|
0.373x |
|
Elia Group SA/NV
BR:ELI
|
0.140x |
|
Zhejiang Century Huatong Group Co Ltd
SHE:002602
|
0.079x |
Annual Cash Flow Conversion Efficiency for Carlsberg A/S (2002–2025)
The table below shows the annual cash flow conversion efficiency of Carlsberg A/S from 2002 to 2025. For the full company profile with market capitalisation and key ratios, see market value of Carlsberg A/S.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | Dkr30.68 Billion ≈ $4.80 Billion |
Dkr13.04 Billion ≈ $2.04 Billion |
0.425x | -4.08% |
| 2024-12-31 | Dkr30.61 Billion ≈ $4.79 Billion |
Dkr13.57 Billion ≈ $2.12 Billion |
0.443x | -1.66% |
| 2023-12-31 | Dkr25.75 Billion ≈ $4.03 Billion |
Dkr11.61 Billion ≈ $1.82 Billion |
0.451x | +20.87% |
| 2022-12-31 | Dkr34.72 Billion ≈ $5.43 Billion |
Dkr12.95 Billion ≈ $2.03 Billion |
0.373x | +37.14% |
| 2021-12-31 | Dkr48.76 Billion ≈ $7.63 Billion |
Dkr13.26 Billion ≈ $2.07 Billion |
0.272x | +7.91% |
| 2020-12-31 | Dkr43.36 Billion ≈ $6.78 Billion |
Dkr10.93 Billion ≈ $1.71 Billion |
0.252x | -5.21% |
| 2019-12-31 | Dkr46.03 Billion ≈ $7.20 Billion |
Dkr12.24 Billion ≈ $1.91 Billion |
0.266x | +5.69% |
| 2018-12-31 | Dkr47.89 Billion ≈ $7.49 Billion |
Dkr12.05 Billion ≈ $1.88 Billion |
0.252x | +5.28% |
| 2017-12-31 | Dkr49.52 Billion ≈ $7.75 Billion |
Dkr11.83 Billion ≈ $1.85 Billion |
0.239x | +37.42% |
| 2016-12-31 | Dkr53.65 Billion ≈ $8.39 Billion |
Dkr9.33 Billion ≈ $1.46 Billion |
0.174x | -19.01% |
| 2015-12-31 | Dkr47.23 Billion ≈ $7.39 Billion |
Dkr10.14 Billion ≈ $1.59 Billion |
0.215x | +62.35% |
| 2014-12-31 | Dkr56.00 Billion ≈ $8.76 Billion |
Dkr7.41 Billion ≈ $1.16 Billion |
0.132x | +4.10% |
| 2013-12-31 | Dkr71.50 Billion ≈ $11.19 Billion |
Dkr9.08 Billion ≈ $1.42 Billion |
0.127x | -5.21% |
| 2012-12-31 | Dkr73.65 Billion ≈ $11.52 Billion |
Dkr9.87 Billion ≈ $1.54 Billion |
0.134x | +8.93% |
| 2011-12-31 | Dkr71.63 Billion ≈ $11.21 Billion |
Dkr8.81 Billion ≈ $1.38 Billion |
0.123x | -22.26% |
| 2010-12-31 | Dkr69.63 Billion ≈ $10.89 Billion |
Dkr11.02 Billion ≈ $1.72 Billion |
0.158x | -25.52% |
| 2009-12-31 | Dkr64.15 Billion ≈ $10.04 Billion |
Dkr13.63 Billion ≈ $2.13 Billion |
0.212x | +65.25% |
| 2008-12-31 | Dkr60.75 Billion ≈ $9.50 Billion |
Dkr7.81 Billion ≈ $1.22 Billion |
0.129x | -46.98% |
| 2007-12-31 | Dkr19.94 Billion ≈ $3.12 Billion |
Dkr4.84 Billion ≈ $756.78 Million |
0.243x | +3.02% |
| 2006-12-31 | Dkr18.99 Billion ≈ $2.97 Billion |
Dkr4.47 Billion ≈ $699.36 Million |
0.235x | -3.05% |
| 2005-12-31 | Dkr19.50 Billion ≈ $3.05 Billion |
Dkr4.73 Billion ≈ $740.67 Million |
0.243x | +2.75% |
| 2004-12-31 | Dkr16.11 Billion ≈ $2.52 Billion |
Dkr3.81 Billion ≈ $595.48 Million |
0.236x | -6.32% |
| 2003-12-31 | Dkr17.91 Billion ≈ $2.80 Billion |
Dkr4.52 Billion ≈ $706.72 Million |
0.252x | -21.43% |
| 2002-12-31 | Dkr17.29 Billion ≈ $2.70 Billion |
Dkr5.55 Billion ≈ $868.34 Million |
0.321x | -- |
About Carlsberg A/S
Carlsberg A/S produces and markets beer, soft drinks, and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers abbey beer, alcohol-free drinks, ale, American dark lager, Belgian ale, Belgian pale ale, bock, Bosomian Pilsners, brown ale, cider, dark lager, dubbel, energy drink, English pale ale, European dark and strong lager, European lager and pa… Read more