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. See AirAsia X Bhd (5238) net asset quality to measure how much of total assets are equity-financed.

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. Check AirAsia X Bhd cash earnings quality to evaluate the quality of earnings relative to operating cash generation.

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.

Company	Cash Flow Conversion Efficiency
Deep Yellow Ltd AU:DYL	-0.004x
Formosa Taffeta Co Ltd TW:1434	-0.003x
Ventyx Biosciences Inc NASDAQ:VTYX	-0.091x
Beijing Qianjing Landscape Co SHG:603778	0.167x
CSSC Offshore & Marine Engineering (Group) Co Ltd F:GSZ	-0.130x
Pabrik Kertas Tjiwi Kimia Tbk JK:TKIM	0.022x
Altri SGPS SA LS:ALTR	0.074x
China Motor Corp TW:2204	0.028x

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. For the full company profile with market capitalisation and key ratios, see 5238 company net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	RM519.06 Million ≈ $130.32 Million	RM262.55 Million ≈ $65.92 Million	0.506x	-52.20%
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

$1.00 Billion

RM4.00 Billion MYR

Market Cap Rank

#9004 Global

#87 in Malaysia

Share Price

RM1.19

Change (1 day)

-0.83%

52-Week Range

RM1.08 - RM2.27

All Time High

RM5.35