Apple Inc (AAPL) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Apple Inc (AAPL) has a cash flow conversion efficiency ratio of 0.611x as of December 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 ($53.92 Billion) by net assets ($88.19 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Apple Inc - Cash Flow Conversion Efficiency Trend (1989–2025)
This chart illustrates how Apple Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Apple Inc balance sheet liabilities for a breakdown of total debt and financial obligations.
Apple Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Apple Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
NVIDIA Corporation
NASDAQ:NVDA
|
0.230x |
|
Microsoft Corporation
NASDAQ:MSFT
|
0.091x |
|
Amazon.com Inc
NASDAQ:AMZN
|
0.132x |
|
Alphabet Inc Class A
NASDAQ:GOOGL
|
0.126x |
|
Alphabet Inc Class C
NASDAQ:GOOG
|
0.126x |
Annual Cash Flow Conversion Efficiency for Apple Inc (1989–2025)
The table below shows the annual cash flow conversion efficiency of Apple Inc from 1989 to 2025. For the full company profile with market capitalisation and key ratios, see Apple Inc market cap and net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-09-30 | $73.73 Billion | $111.48 Billion | 1.512x | -27.19% |
| 2024-09-30 | $56.95 Billion | $118.25 Billion | 2.076x | +16.74% |
| 2023-09-30 | $62.15 Billion | $110.54 Billion | 1.779x | -26.21% |
| 2022-09-30 | $50.67 Billion | $122.15 Billion | 2.411x | +46.18% |
| 2021-09-30 | $63.09 Billion | $104.04 Billion | 1.649x | +33.56% |
| 2020-09-30 | $65.34 Billion | $80.67 Billion | 1.235x | +61.01% |
| 2019-09-30 | $90.49 Billion | $69.39 Billion | 0.767x | +6.11% |
| 2018-09-30 | $107.15 Billion | $77.43 Billion | 0.723x | +52.32% |
| 2017-09-30 | $134.05 Billion | $63.60 Billion | 0.474x | -7.56% |
| 2016-09-30 | $128.25 Billion | $65.82 Billion | 0.513x | -24.62% |
| 2015-09-30 | $119.36 Billion | $81.27 Billion | 0.681x | +27.19% |
| 2014-09-30 | $111.55 Billion | $59.71 Billion | 0.535x | +23.24% |
| 2013-09-30 | $123.55 Billion | $53.67 Billion | 0.434x | +0.97% |
| 2012-09-30 | $118.21 Billion | $50.86 Billion | 0.430x | -12.17% |
| 2011-09-30 | $76.61 Billion | $37.53 Billion | 0.490x | +25.89% |
| 2010-09-30 | $47.79 Billion | $18.59 Billion | 0.389x | +6.60% |
| 2009-09-30 | $27.83 Billion | $10.16 Billion | 0.365x | -20.01% |
| 2008-09-30 | $21.03 Billion | $9.60 Billion | 0.456x | +21.22% |
| 2007-09-30 | $14.53 Billion | $5.47 Billion | 0.376x | +69.28% |
| 2006-09-30 | $9.98 Billion | $2.22 Billion | 0.222x | -34.51% |
| 2005-09-30 | $7.47 Billion | $2.54 Billion | 0.340x | +84.53% |
| 2004-09-30 | $5.08 Billion | $934.00 Million | 0.184x | +168.87% |
| 2003-09-30 | $4.22 Billion | $289.00 Million | 0.068x | +214.88% |
| 2002-09-30 | $4.09 Billion | $89.00 Million | 0.022x | -53.95% |
| 2001-09-30 | $3.92 Billion | $185.00 Million | 0.047x | -76.53% |
| 2000-09-30 | $4.11 Billion | $826.00 Million | 0.201x | -21.77% |
| 1999-09-30 | $3.10 Billion | $798.00 Million | 0.257x | -45.53% |
| 1998-09-30 | $1.64 Billion | $775.00 Million | 0.472x | +201.27% |
| 1997-09-30 | $1.20 Billion | $188.00 Million | 0.157x | -37.88% |
| 1996-09-30 | $2.06 Billion | $519.00 Million | 0.252x | +404.83% |
| 1995-09-30 | $2.90 Billion | $-240.00 Million | -0.083x | -126.75% |
| 1994-09-30 | $2.38 Billion | $737.00 Million | 0.309x | +194.69% |
| 1993-09-30 | $2.03 Billion | $-661.80 Million | -0.327x | -180.84% |
| 1992-09-30 | $2.19 Billion | $883.70 Million | 0.404x | +454.58% |
| 1991-09-30 | $1.77 Billion | $128.70 Million | 0.073x | -89.07% |
| 1990-09-30 | $1.45 Billion | $963.90 Million | 0.666x | +95.11% |
| 1989-09-30 | $1.49 Billion | $507.30 Million | 0.341x | -- |
About Apple Inc
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple Vision Pro, Apple TV, Apple Watch, Beats products, and HomePod, as well as Apple brand… Read more