AirAsia X Bhd (5238) - Cash Flow Conversion Efficiency

Latest as of March 2026: -4.848x

Based on the latest financial reports, AirAsia X Bhd (5238) has a cash flow conversion efficiency ratio of -4.848x 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 (RM-397.43 Million ≈ $-99.78 Million USD) by net assets (RM81.99 Million ≈ $20.58 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see how much is AirAsia X Bhd worth for the company's overall valuation and market capitalisation.

AirAsia X Bhd - Cash Flow Conversion Efficiency Trend (2012–2025)

This chart illustrates how AirAsia X Bhd's cash flow conversion efficiency has evolved over time, based on yearly financial data. View 5238 stock price for real-time trading data and today's change.

AirAsia X Bhd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of AirAsia X Bhd ranked by their cash flow conversion efficiency. Review AirAsia X Bhd free cash flow ratio to assess how much free cash flow the company generates relative to operating cash flow.

Company	Cash Flow Conversion Efficiency
Shanghai Trendzone Decor Grp SHG:603030	0.052x
Danhua Chemical Technology Co Ltd A SHG:600844	0.073x
Pacific Biosciences of California NASDAQ:PACB	2.417x
Shandong Xinjufeng Technology Packaging Co. Ltd. A SHE:301296	N/A
Scribe Therapeutics Inc. Common Stock NASDAQ:SCTX	0.032x
Novavest Real Estate Ag SW:NREN	0.021x
Beijing Mainstreets Investment SHE:000609	-0.240x
Chongqing Mas Sci&Tech SHE:300275	0.015x

Annual Cash Flow Conversion Efficiency for AirAsia X Bhd (2012–2025)

The table below shows the annual cash flow conversion efficiency of AirAsia X Bhd from 2012 to 2025. Also see AirAsia X Bhd asset portfolio for a full breakdown of the balance sheet.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	RM508.06 Million ≈ $127.56 Million	RM262.55 Million ≈ $65.92 Million	0.517x	-51.16%
2024-12-31	RM349.18 Million ≈ $87.67 Million	RM369.48 Million ≈ $92.76 Million	1.058x	+368.23%
2023-12-31	RM116.17 Million ≈ $29.17 Million	RM-45.83 Million ≈ $-11.51 Million	-0.394x	-38.98%
2022-12-31	RM-259.23 Million ≈ $-65.08 Million	RM73.58 Million ≈ $18.47 Million	-0.284x	-33668.88%
2020-12-31	RM-33.57 Billion ≈ $-8.43 Billion	RM-28.38 Million ≈ $-7.13 Million	0.001x	-99.97%
2019-12-31	RM137.87 Million ≈ $34.61 Million	RM461.64 Million ≈ $115.90 Million	3.348x	+1862.73%
2018-12-31	RM573.66 Million ≈ $144.03 Million	RM97.87 Million ≈ $24.57 Million	0.171x	-42.12%
2017-12-31	RM988.61 Million ≈ $248.21 Million	RM291.39 Million ≈ $73.16 Million	0.295x	-23.98%
2016-12-31	RM996.87 Million ≈ $250.28 Million	RM386.51 Million ≈ $97.04 Million	0.388x	+1949.38%
2015-12-31	RM631.81 Million ≈ $158.63 Million	RM-13.25 Million ≈ $-3.33 Million	-0.021x	+72.15%
2014-12-31	RM704.00 Million ≈ $176.75 Million	RM-53.00 Million ≈ $-13.31 Million	-0.075x	-149.23%
2013-12-31	RM1.24 Billion ≈ $310.32 Million	RM189.00 Million ≈ $47.45 Million	0.153x	+340.11%
2012-12-31	RM581.00 Million ≈ $145.87 Million	RM-37.00 Million ≈ $-9.29 Million	-0.064x	--

About AirAsia X Bhd

KLSE:5238 Malaysia Airlines

Market Cap

$400.80 Million

RM1.60 Billion MYR

Market Cap Rank

#13495 Global

#147 in Malaysia

Share Price

RM0.48

Change (1 day)

+0.00%

52-Week Range

RM0.48 - RM2.27

All Time High

RM5.35