Var Energi ASA (VAR) - Cash Flow Conversion Efficiency

Latest as of September 2025: 36.298x

Based on the latest financial reports, Var Energi ASA (VAR) has a cash flow conversion efficiency ratio of 36.298x as of September 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 (Nkr12.13 Billion ≈ $1.28 Billion USD) by net assets (Nkr334.26 Million ≈ $35.17 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Var Energi ASA - Cash Flow Conversion Efficiency Trend (2017–2024)

This chart illustrates how Var Energi ASA's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read VAR current and long-term liabilities for a breakdown of total debt and financial obligations.

Var Energi ASA Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Var Energi ASA ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Xpeng Inc NYSE:XPEV	0.004x
Bollore SA PA:BOL	-0.109x
Kuang Chi Technologies Co Ltd SHE:002625	0.007x
Globus Medical NYSE:GMED	0.054x
Topbuild Corp NYSE:BLD	0.105x
Korea Zinc Inc KO:010130	0.015x
UPM-Kymmene Oyj HE:UPM	0.017x
Air China Ltd Class A SHG:601111	0.380x

Annual Cash Flow Conversion Efficiency for Var Energi ASA (2017–2024)

The table below shows the annual cash flow conversion efficiency of Var Energi ASA from 2017 to 2024. For the full company profile with market capitalisation and key ratios, see Var Energi ASA stock valuation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	Nkr832.51 Million ≈ $87.60 Million	Nkr3.41 Billion ≈ $358.61 Million	4.094x	+111.61%
2023-12-31	Nkr1.77 Billion ≈ $186.05 Million	Nkr3.42 Billion ≈ $359.91 Million	1.935x	-49.56%
2022-12-31	Nkr1.48 Billion ≈ $155.90 Million	Nkr5.68 Billion ≈ $597.90 Million	3.835x	+26.93%
2021-12-31	Nkr1.52 Billion ≈ $159.51 Million	Nkr4.58 Billion ≈ $481.94 Million	3.021x	+221.37%
2020-12-31	Nkr1.85 Billion ≈ $195.19 Million	Nkr1.74 Billion ≈ $183.50 Million	0.940x	+154.08%
2019-12-31	Nkr4.05 Billion ≈ $426.57 Million	Nkr1.50 Billion ≈ $157.84 Million	0.370x	+39.21%
2018-12-31	Nkr5.74 Billion ≈ $603.78 Million	Nkr1.53 Billion ≈ $160.48 Million	0.266x	-84.48%
2017-12-31	Nkr545.05 Million ≈ $57.36 Million	Nkr933.44 Million ≈ $98.22 Million	1.713x	--

About Var Energi ASA

OL:VAR Norway Oil & Gas E&P

Market Cap

$12.33 Billion

Nkr117.16 Billion NOK

Market Cap Rank

#1893 Global

#9 in Norway

Share Price

Nkr46.93

Change (1 day)

+1.47%

52-Week Range

Nkr27.66 - Nkr50.54

All Time High

Nkr50.54