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. View AirAsia X Bhd stock price for real-time trading data and today's change.

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. Also see 5238 company net worth for the company's overall valuation and market capitalisation.

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. Also see 5238 total asset value for a full breakdown of the balance sheet.

Company	Cash Flow Conversion Efficiency
Shenzhen Exc Led Technology Co Ltd SHE:300889	-0.024x
Kindom Construction Corp TW:2520	0.059x
Community West Bancshares NASDAQ:CWBC	0.018x
N-Able Inc NYSE:NABL	0.022x
Ta Ann Holdings Bhd KLSE:5012	0.041x
Carasso TA:CRSO	0.003x
M Grass Ecology and Environment Group Co Ltd SHE:300355	0.115x
Investment AB Oresund ST:ORES	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. Review 5238 financial flexibility score to assess the company's free cash flow relative to its total liabilities.

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

$683.47 Million

RM2.72 Billion MYR

Market Cap Rank

#10759 Global

#109 in Malaysia

Share Price

RM0.81

Change (1 day)

-8.47%

52-Week Range

RM0.81 - RM2.27

All Time High

RM5.35