Nokia Oyj (NOKIA) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Nokia Oyj (NOKIA) has a cash flow conversion efficiency ratio of 0.030x 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 (€597.00 Million ≈ $697.96 Million USD) by net assets (€19.67 Billion ≈ $23.00 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 NOKIA defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Nokia Oyj - Cash Flow Conversion Efficiency Trend (1995–2024)
This chart illustrates how Nokia Oyj's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Nokia Oyj Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Nokia Oyj ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Vodafone Group Plc
F:VODJ
|
0.104x |
|
Kellanova
NYSE:K
|
0.117x |
|
Atlas Copco AB Series B
ST:ATCO-B
|
0.047x |
|
Power Grid Corporation of India Limited
NSE:POWERGRID
|
0.148x |
|
Sandoz Group AG
SW:SDZ
|
0.114x |
|
Capitec Bank Holdings Ltd
JSE:CPI
|
0.220x |
|
Hannover Rück SE
F:HNR1
|
0.128x |
|
Standard Bank Group Ltd
JSE:SBK
|
0.252x |
Annual Cash Flow Conversion Efficiency for Nokia Oyj (1995–2024)
The table below shows the annual cash flow conversion efficiency of Nokia Oyj from 1995 to 2024. For the full company profile with market capitalisation and key ratios, see how much is Nokia Oyj worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | €20.75 Billion ≈ $24.26 Billion |
€2.49 Billion ≈ $2.91 Billion |
0.120x | +88.21% |
| 2023-12-31 | €20.63 Billion ≈ $24.12 Billion |
€1.32 Billion ≈ $1.54 Billion |
0.064x | -7.19% |
| 2022-12-31 | €21.43 Billion ≈ $25.05 Billion |
€1.47 Billion ≈ $1.72 Billion |
0.069x | -54.25% |
| 2021-12-31 | €17.46 Billion ≈ $20.41 Billion |
€2.63 Billion ≈ $3.07 Billion |
0.150x | +8.03% |
| 2020-12-31 | €12.64 Billion ≈ $14.77 Billion |
€1.76 Billion ≈ $2.06 Billion |
0.139x | +449.72% |
| 2019-12-31 | €15.40 Billion ≈ $18.01 Billion |
€390.00 Million ≈ $455.95 Million |
0.025x | +8.12% |
| 2018-12-31 | €15.37 Billion ≈ $17.97 Billion |
€360.00 Million ≈ $420.88 Million |
0.023x | -79.04% |
| 2017-12-31 | €16.22 Billion ≈ $18.96 Billion |
€1.81 Billion ≈ $2.12 Billion |
0.112x | +261.06% |
| 2016-12-31 | €20.97 Billion ≈ $24.52 Billion |
€-1.46 Billion ≈ $-1.70 Billion |
-0.069x | -243.23% |
| 2015-12-31 | €10.47 Billion ≈ $12.24 Billion |
€507.00 Million ≈ $592.74 Million |
0.048x | -67.07% |
| 2014-12-31 | €8.67 Billion ≈ $10.13 Billion |
€1.27 Billion ≈ $1.49 Billion |
0.147x | +1260.45% |
| 2013-12-31 | €6.66 Billion ≈ $7.79 Billion |
€72.00 Million ≈ $84.18 Million |
0.011x | +128.85% |
| 2012-12-31 | €9.45 Billion ≈ $11.04 Billion |
€-354.00 Million ≈ $-413.86 Million |
-0.037x | -145.86% |
| 2011-12-31 | €13.92 Billion ≈ $16.27 Billion |
€1.14 Billion ≈ $1.33 Billion |
0.082x | -72.22% |
| 2010-12-31 | €16.23 Billion ≈ $18.98 Billion |
€4.77 Billion ≈ $5.58 Billion |
0.294x | +33.60% |
| 2009-12-31 | €14.75 Billion ≈ $17.24 Billion |
€3.25 Billion ≈ $3.80 Billion |
0.220x | +13.69% |
| 2008-12-31 | €16.55 Billion ≈ $19.35 Billion |
€3.20 Billion ≈ $3.75 Billion |
0.194x | -57.40% |
| 2007-12-31 | €17.37 Billion ≈ $20.30 Billion |
€7.89 Billion ≈ $9.23 Billion |
0.455x | +22.43% |
| 2006-12-31 | €12.06 Billion ≈ $14.10 Billion |
€4.48 Billion ≈ $5.24 Billion |
0.371x | +10.76% |
| 2005-12-31 | €12.35 Billion ≈ $14.44 Billion |
€4.14 Billion ≈ $4.84 Billion |
0.335x | +11.21% |
| 2004-12-31 | €14.40 Billion ≈ $16.83 Billion |
€4.34 Billion ≈ $5.07 Billion |
0.301x | -11.98% |
| 2003-12-31 | €15.29 Billion ≈ $17.87 Billion |
€5.24 Billion ≈ $6.12 Billion |
0.342x | -14.85% |
| 2002-12-31 | €14.47 Billion ≈ $16.91 Billion |
€5.82 Billion ≈ $6.80 Billion |
0.402x | -23.81% |
| 2001-12-31 | €12.42 Billion ≈ $14.52 Billion |
€6.56 Billion ≈ $7.67 Billion |
0.528x | +65.26% |
| 2000-12-31 | €11.02 Billion ≈ $12.88 Billion |
€3.52 Billion ≈ $4.11 Billion |
0.319x | -22.78% |
| 1999-12-31 | €7.52 Billion ≈ $8.79 Billion |
€3.11 Billion ≈ $3.64 Billion |
0.414x | +26.83% |
| 1998-12-31 | €5.15 Billion ≈ $6.02 Billion |
€1.68 Billion ≈ $1.96 Billion |
0.326x | -30.56% |
| 1997-12-31 | €3.64 Billion ≈ $4.26 Billion |
€1.71 Billion ≈ $2.00 Billion |
0.470x | -9.93% |
| 1996-12-31 | €2.75 Billion ≈ $3.22 Billion |
€1.44 Billion ≈ $1.68 Billion |
0.521x | +1255.66% |
| 1995-12-31 | €2.53 Billion ≈ $2.96 Billion |
€-114.26 Million ≈ $-133.58 Million |
-0.045x | -- |
About Nokia Oyj
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, rest of the Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper… Read more