Industrial and Commercial Bank of China Ltd (601398) - Cash Flow Conversion Efficiency

Latest as of March 2026: 0.325x

Based on the latest financial reports, Industrial and Commercial Bank of China Ltd (601398) has a cash flow conversion efficiency ratio of 0.325x 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 (CN¥1.42 Trillion ≈ $207.25 Billion USD) by net assets (CN¥4.36 Trillion ≈ $637.38 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 net asset quality index of Industrial and Commercial Bank of China to measure how much of total assets are equity-financed.

Industrial and Commercial Bank of China Ltd - Cash Flow Conversion Efficiency Trend (2002–2025)

This chart illustrates how Industrial and Commercial Bank of China Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Industrial and Commercial Bank of China cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Industrial and Commercial Bank of China Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Industrial and Commercial Bank of China Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Palantir Technologies Inc. NASDAQ:PLTR	0.105x
Royal Bank of Canada TO:RY	-0.106x
Cisco Systems Inc NASDAQ:CSCO	0.038x
HSBC Holdings plc MX:HBCN	N/A
Agricultural Bank of China Ltd Class A SHG:601288	0.359x
Merck & Company Inc NYSE:MRK	0.085x
Novartis AG MX:NVSN	0.094x
Morgan Stanley SA:MSBR34	-0.030x

Annual Cash Flow Conversion Efficiency for Industrial and Commercial Bank of China Ltd (2002–2025)

The table below shows the annual cash flow conversion efficiency of Industrial and Commercial Bank of China Ltd from 2002 to 2025. For the full company profile with market capitalisation and key ratios, see 601398 company net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	CN¥4.00 Trillion ≈ $585.66 Billion	CN¥195.79 Billion ≈ $28.65 Billion	0.049x	-66.32%
2024-12-31	CN¥3.99 Trillion ≈ $583.46 Billion	CN¥579.19 Billion ≈ $84.75 Billion	0.145x	-61.29%
2023-12-31	CN¥3.78 Trillion ≈ $552.63 Billion	CN¥1.42 Trillion ≈ $207.35 Billion	0.375x	-6.10%
2022-12-31	CN¥3.52 Trillion ≈ $514.42 Billion	CN¥1.40 Trillion ≈ $205.55 Billion	0.400x	+262.64%
2021-12-31	CN¥3.28 Trillion ≈ $479.27 Billion	CN¥360.88 Billion ≈ $52.81 Billion	0.110x	-79.42%
2020-12-31	CN¥2.91 Trillion ≈ $425.75 Billion	CN¥1.56 Trillion ≈ $227.93 Billion	0.535x	+199.47%
2019-12-31	CN¥2.69 Trillion ≈ $393.92 Billion	CN¥481.24 Billion ≈ $70.42 Billion	0.179x	-42.11%
2018-12-31	CN¥2.34 Trillion ≈ $343.13 Billion	CN¥724.13 Billion ≈ $105.96 Billion	0.309x	-14.23%
2017-12-31	CN¥2.14 Trillion ≈ $313.30 Billion	CN¥770.86 Billion ≈ $112.80 Billion	0.360x	+198.17%
2016-12-31	CN¥1.98 Trillion ≈ $289.91 Billion	CN¥239.22 Billion ≈ $35.01 Billion	0.121x	-80.79%
2015-12-31	CN¥1.80 Trillion ≈ $263.47 Billion	CN¥1.13 Trillion ≈ $165.61 Billion	0.629x	+379.66%
2014-12-31	CN¥1.54 Trillion ≈ $224.96 Billion	CN¥201.46 Billion ≈ $29.48 Billion	0.131x	+8704.88%
2013-12-31	CN¥1.28 Trillion ≈ $187.08 Billion	CN¥-1.95 Billion ≈ $-284.91 Million	-0.002x	-100.32%
2012-12-31	CN¥1.13 Trillion ≈ $165.13 Billion	CN¥533.51 Billion ≈ $78.07 Billion	0.473x	+30.08%
2011-12-31	CN¥957.82 Billion ≈ $140.16 Billion	CN¥348.12 Billion ≈ $50.94 Billion	0.363x	+7.35%
2010-12-31	CN¥821.66 Billion ≈ $120.23 Billion	CN¥278.18 Billion ≈ $40.71 Billion	0.339x	-43.09%
2009-12-31	CN¥678.93 Billion ≈ $99.35 Billion	CN¥403.86 Billion ≈ $59.10 Billion	0.595x	-2.63%
2008-12-31	CN¥607.14 Billion ≈ $88.84 Billion	CN¥370.91 Billion ≈ $54.28 Billion	0.611x	+12.28%
2007-12-31	CN¥544.25 Billion ≈ $79.64 Billion	CN¥296.13 Billion ≈ $43.33 Billion	0.544x	-32.85%
2006-12-31	CN¥471.80 Billion ≈ $69.04 Billion	CN¥382.27 Billion ≈ $55.94 Billion	0.810x	-42.46%
2005-12-31	CN¥260.98 Billion ≈ $38.19 Billion	CN¥367.49 Billion ≈ $53.78 Billion	1.408x	+688.24%
2004-12-31	CN¥-504.50 Billion ≈ $-73.82 Billion	CN¥120.76 Billion ≈ $17.67 Billion	-0.239x	+20.33%
2003-12-31	CN¥-535.48 Billion ≈ $-78.36 Billion	CN¥160.88 Billion ≈ $23.54 Billion	-0.300x	-124.88%
2002-12-31	CN¥182.01 Billion ≈ $26.63 Billion	CN¥219.78 Billion ≈ $32.16 Billion	1.208x	--

About Industrial and Commercial Bank of China Ltd

SHG:601398 China Banks - Diversified

Market Cap

$298.66 Billion

CN¥2.04 Trillion CNY

Market Cap Rank

#53 Global

#1 in China

Share Price

CN¥7.57

Change (1 day)

+2.44%

52-Week Range

CN¥6.92 - CN¥8.31

All Time High

CN¥8.31