Vestas Wind Systems A/S (VWSA) - Cash Flow Conversion Efficiency

Latest as of March 2026: -0.074x

Based on the latest financial reports, Vestas Wind Systems A/S (VWSA) has a cash flow conversion efficiency ratio of -0.074x as of March 2026. 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 (€-289.00 Million ≈ $-337.87 Million USD) by net assets (€3.92 Billion ≈ $4.58 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 Vestas Wind Systems A/S (VWSA) balance sheet quality index to measure how much of total assets are equity-financed.

Vestas Wind Systems A/S - Cash Flow Conversion Efficiency Trend (2016–2025)

This chart illustrates how Vestas Wind Systems A/S's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check VWSA cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.

Vestas Wind Systems A/S Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Vestas Wind Systems A/S ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Cincinnati Financial Corporation NASDAQ:CINF	0.042x
Veolia Environnement S.A F:VVDH	0.060x
Sany Heavy Industry Co Ltd SHG:600031	0.076x
Williams-Sonoma Inc NYSE:WSM	0.083x
A.P. Møller - Mærsk A/S CO:MAERSK-A	0.019x
Qnb Finansbank AS IS:QNBTR	0.005x
SAMPO OYJ (SDR)/1 F:SMP	0.002x
Adani Green Energy Limited NSE:ADANIGREEN	0.146x

Annual Cash Flow Conversion Efficiency for Vestas Wind Systems A/S (2016–2025)

The table below shows the annual cash flow conversion efficiency of Vestas Wind Systems A/S from 2016 to 2025. For the full company profile with market capitalisation and key ratios, see market value of Vestas Wind Systems A/S.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	€3.88 Billion ≈ $4.54 Billion	€2.29 Billion ≈ $2.67 Billion	0.589x	-10.54%
2024-12-31	€3.54 Billion ≈ $4.14 Billion	€2.33 Billion ≈ $2.73 Billion	0.658x	+246.51%
2023-12-31	€3.04 Billion ≈ $3.56 Billion	€578.00 Million ≈ $675.74 Million	0.190x	+398.16%
2022-12-31	€3.06 Billion ≈ $3.58 Billion	€-195.00 Million ≈ $-227.98 Million	-0.064x	-131.74%
2021-12-31	€4.76 Billion ≈ $5.57 Billion	€956.00 Million ≈ $1.12 Billion	0.201x	+27.10%
2020-12-31	€4.70 Billion ≈ $5.50 Billion	€743.00 Million ≈ $868.65 Million	0.158x	-35.79%
2019-12-31	€3.35 Billion ≈ $3.91 Billion	€823.00 Million ≈ $962.17 Million	0.246x	-25.20%
2018-12-31	€3.10 Billion ≈ $3.63 Billion	€1.02 Billion ≈ $1.19 Billion	0.329x	-37.01%
2017-12-31	€3.11 Billion ≈ $3.64 Billion	€1.62 Billion ≈ $1.90 Billion	0.522x	-23.63%
2016-12-31	€3.19 Billion ≈ $3.73 Billion	€2.18 Billion ≈ $2.55 Billion	0.684x	--

About Vestas Wind Systems A/S

F:VWSA Germany Specialty Industrial Machinery

Market Cap

$27.46 Billion

€23.49 Billion EUR

Market Cap Rank

#1066 Global

#242 in Germany

Share Price

€7.95

Change (1 day)

+0.63%

52-Week Range

€4.68 - €8.85

All Time High

€14.08