Thales S.A. (HO) - Cash Flow Conversion Efficiency

Latest as of June 2025: 0.113x

Based on the latest financial reports, Thales S.A. (HO) has a cash flow conversion efficiency ratio of 0.113x as of June 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 (€808.00 Million ≈ $944.64 Million USD) by net assets (€7.17 Billion ≈ $8.38 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See debt-free asset ratio of Thales S.A. to measure how much of total assets are equity-financed.

Thales S.A. - Cash Flow Conversion Efficiency Trend (2001–2024)

This chart illustrates how Thales S.A.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Thales S.A. (HO) cash flow quality to evaluate the quality of earnings relative to operating cash generation.

Thales S.A. Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Thales S.A. ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Deutsche Bank Aktiengesellschaft F:DBK	-0.250x
China Molybdenum Co Ltd Class A SHG:603993	0.041x
L3Harris Technologies Inc NYSE:LHX	0.028x
Sea Ltd NYSE:SE	0.114x
Danone SA PA:BN	0.095x
Jiangsu Hengrui Medicine Co Ltd SHG:600276	0.080x
ASE Industrial Holding Co Ltd ADR NYSE:ASX	-0.457x
Arthur J Gallagher & Co NYSE:AJG	0.040x

Annual Cash Flow Conversion Efficiency for Thales S.A. (2001–2024)

The table below shows the annual cash flow conversion efficiency of Thales S.A. from 2001 to 2024. For the full company profile with market capitalisation and key ratios, see HO stock market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	€7.56 Billion ≈ $8.84 Billion	€2.64 Billion ≈ $3.08 Billion	0.349x	+52.36%
2023-12-31	€6.97 Billion ≈ $8.15 Billion	€1.60 Billion ≈ $1.87 Billion	0.229x	-44.80%
2022-12-31	€7.38 Billion ≈ $8.63 Billion	€3.06 Billion ≈ $3.58 Billion	0.415x	+3.10%
2021-12-31	€6.72 Billion ≈ $7.86 Billion	€2.71 Billion ≈ $3.16 Billion	0.403x	+58.84%
2020-12-31	€5.31 Billion ≈ $6.21 Billion	€1.35 Billion ≈ $1.57 Billion	0.253x	-18.66%
2019-12-31	€5.68 Billion ≈ $6.64 Billion	€1.77 Billion ≈ $2.07 Billion	0.312x	+47.44%
2018-12-31	€5.92 Billion ≈ $6.93 Billion	€1.25 Billion ≈ $1.46 Billion	0.211x	-42.89%
2017-12-31	€5.56 Billion ≈ $6.49 Billion	€2.06 Billion ≈ $2.40 Billion	0.370x	+27.86%
2016-12-31	€4.87 Billion ≈ $5.69 Billion	€1.41 Billion ≈ $1.65 Billion	0.289x	-10.28%
2015-12-31	€4.94 Billion ≈ $5.78 Billion	€1.59 Billion ≈ $1.86 Billion	0.323x	+23.92%
2014-12-31	€4.07 Billion ≈ $4.76 Billion	€1.06 Billion ≈ $1.24 Billion	0.260x	-3.34%
2013-12-31	€3.94 Billion ≈ $4.61 Billion	€1.06 Billion ≈ $1.24 Billion	0.269x	-8.16%
2012-12-31	€4.59 Billion ≈ $5.36 Billion	€1.34 Billion ≈ $1.57 Billion	0.293x	+109.78%
2011-12-31	€4.13 Billion ≈ $4.83 Billion	€577.20 Million ≈ $674.81 Million	0.140x	-1.59%
2010-12-31	€3.68 Billion ≈ $4.30 Billion	€522.80 Million ≈ $611.21 Million	0.142x	-53.84%
2009-12-31	€3.75 Billion ≈ $4.39 Billion	€1.16 Billion ≈ $1.35 Billion	0.308x	+48.14%
2008-12-31	€3.95 Billion ≈ $4.62 Billion	€820.80 Million ≈ $959.60 Million	0.208x	-18.16%
2007-12-31	€3.88 Billion ≈ $4.54 Billion	€984.90 Million ≈ $1.15 Billion	0.254x	-22.74%
2006-12-31	€2.29 Billion ≈ $2.68 Billion	€753.60 Million ≈ $881.04 Million	0.328x	+13.31%
2005-12-31	€2.10 Billion ≈ $2.46 Billion	€609.60 Million ≈ $712.69 Million	0.290x	+29.45%
2004-12-31	€1.60 Billion ≈ $1.87 Billion	€358.60 Million ≈ $419.24 Million	0.224x	-27.63%
2003-12-31	€2.06 Billion ≈ $2.41 Billion	€636.80 Million ≈ $744.49 Million	0.309x	+119.38%
2002-12-31	€2.17 Billion ≈ $2.53 Billion	€305.80 Million ≈ $357.51 Million	0.141x	-54.03%
2001-12-31	€2.17 Billion ≈ $2.54 Billion	€667.00 Million ≈ $779.79 Million	0.307x	--

About Thales S.A.

PA:HO France Aerospace & Defense

Market Cap

$57.27 Billion

€48.99 Billion EUR

Market Cap Rank

#524 Global

#18 in France

Share Price

€238.30

Change (1 day)

+5.07%

52-Week Range

€216.45 - €273.00

All Time High

€273.00