Millicom International Cellular SA (TIGO) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Millicom International Cellular SA (TIGO) has a cash flow conversion efficiency ratio of 0.195x 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 ($618.00 Million) by net assets ($3.17 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See TIGO defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Millicom International Cellular SA - Cash Flow Conversion Efficiency Trend (1993–2025)
This chart illustrates how Millicom International Cellular SA's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Millicom International Cellular SA Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Millicom International Cellular SA ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Inspur Electronic Info Industr
SHE:000977
|
-0.327x |
|
Pinnacle Financial Partners, Inc.
NYSE:PNFP
|
0.063x |
|
Bharat Petroleum Corporation Limited
NSE:BPCL
|
0.227x |
|
Grab Holdings Ltd
NASDAQ:GRAB
|
0.014x |
|
James Hardie Industries Plc
AU:JHX
|
0.031x |
|
Rocket Companies Inc
NYSE:RKT
|
0.080x |
|
China Energy Engineering Corp Ltd
SHG:601868
|
0.104x |
|
Lincoln Electric Holdings Inc
NASDAQ:LECO
|
0.068x |
Annual Cash Flow Conversion Efficiency for Millicom International Cellular SA (1993–2025)
The table below shows the annual cash flow conversion efficiency of Millicom International Cellular SA from 1993 to 2025. For the full company profile with market capitalisation and key ratios, see Millicom International Cellular SA (TIGO) total market value.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $3.62 Billion | $1.83 Billion | 0.506x | +8.43% |
| 2024-12-31 | $3.57 Billion | $1.67 Billion | 0.467x | +31.54% |
| 2023-12-31 | $3.44 Billion | $1.22 Billion | 0.355x | +0.47% |
| 2022-12-31 | $3.63 Billion | $1.28 Billion | 0.353x | +1.27% |
| 2021-12-31 | $2.74 Billion | $956.00 Million | 0.349x | -3.36% |
| 2020-12-31 | $2.27 Billion | $821.00 Million | 0.361x | +20.84% |
| 2019-12-31 | $2.68 Billion | $801.00 Million | 0.299x | +5.36% |
| 2018-12-31 | $2.79 Billion | $792.00 Million | 0.284x | +13.46% |
| 2017-12-31 | $3.28 Billion | $820.00 Million | 0.250x | -4.13% |
| 2016-12-31 | $3.37 Billion | $878.00 Million | 0.261x | -41.14% |
| 2015-12-31 | $3.73 Billion | $1.65 Billion | 0.443x | +13.30% |
| 2014-12-31 | $3.73 Billion | $1.46 Billion | 0.391x | -32.77% |
| 2013-12-31 | $2.08 Billion | $1.21 Billion | 0.581x | -14.30% |
| 2012-12-31 | $2.34 Billion | $1.58 Billion | 0.679x | +2.99% |
| 2011-12-31 | $2.45 Billion | $1.61 Billion | 0.659x | +100.46% |
| 2010-12-31 | $2.39 Billion | $785.37 Million | 0.329x | +66.51% |
| 2009-12-31 | $2.31 Billion | $455.97 Million | 0.197x | -70.94% |
| 2008-12-31 | $1.65 Billion | $1.12 Billion | 0.679x | -16.37% |
| 2007-12-31 | $1.37 Billion | $1.11 Billion | 0.812x | -0.92% |
| 2006-12-31 | $582.39 Million | $477.46 Million | 0.820x | -32.79% |
| 2005-12-31 | $333.78 Million | $407.17 Million | 1.220x | +12.81% |
| 2004-12-31 | $280.44 Million | $303.24 Million | 1.081x | +134.38% |
| 2003-12-31 | $-58.61 Million | $184.36 Million | -3.146x | -1043.86% |
| 2002-12-31 | $-271.53 Million | $74.67 Million | -0.275x | -120.94% |
| 2001-12-31 | $79.16 Million | $103.97 Million | 1.313x | +278.48% |
| 2000-12-31 | $348.86 Million | $121.07 Million | 0.347x | +531.09% |
| 1999-12-31 | $299.12 Million | $-24.08 Million | -0.081x | -134.11% |
| 1998-12-31 | $289.86 Million | $68.40 Million | 0.236x | +838.73% |
| 1997-12-31 | $112.70 Million | $-3.60 Million | -0.032x | -179.60% |
| 1996-12-31 | $148.80 Million | $-1.70 Million | -0.011x | +92.83% |
| 1995-12-31 | $167.50 Million | $-26.70 Million | -0.159x | +21.85% |
| 1994-12-31 | $126.00 Million | $-25.70 Million | -0.204x | -15.50% |
| 1993-12-31 | $92.30 Million | $-16.30 Million | -0.177x | -- |
About Millicom International Cellular SA
Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. In addition, the company provides fixed services, includ… Read more