Manulife Financial Corp (MFC) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Manulife Financial Corp (MFC) has a cash flow conversion efficiency ratio of 0.164x 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 (CA$8.61 Billion ≈ $6.23 Billion USD) by net assets (CA$52.49 Billion ≈ $37.97 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 MFC equity to assets ratio to measure how much of total assets are equity-financed.
Manulife Financial Corp - Cash Flow Conversion Efficiency Trend (1998–2025)
This chart illustrates how Manulife Financial Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check how high is Manulife Financial Corp's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Manulife Financial Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Manulife Financial Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Glencore PLC
JSE:GLN
|
0.089x |
|
Royal Caribbean Cruises Ltd
NYSE:RCL
|
0.183x |
|
Postal Savings Bank of China Co Ltd
SHG:601658
|
0.081x |
|
BYD Co Ltd Class A
SHE:002594
|
0.070x |
|
Caixabank SA
MC:CABK
|
0.011x |
|
Norfolk Southern Corporation
NYSE:NSC
|
0.068x |
|
China Petroleum & Chemical Corp Class A
SHG:600028
|
0.054x |
|
Eni SpA ADR
NYSE:E
|
0.026x |
Annual Cash Flow Conversion Efficiency for Manulife Financial Corp (1998–2025)
The table below shows the annual cash flow conversion efficiency of Manulife Financial Corp from 1998 to 2025. For the full company profile with market capitalisation and key ratios, see MFC market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | CA$52.49 Billion ≈ $37.97 Billion |
CA$32.10 Billion ≈ $23.22 Billion |
0.612x | +22.27% |
| 2024-12-31 | CA$52.96 Billion ≈ $38.31 Billion |
CA$26.49 Billion ≈ $19.17 Billion |
0.500x | +19.36% |
| 2023-12-31 | CA$48.73 Billion ≈ $35.25 Billion |
CA$20.42 Billion ≈ $14.77 Billion |
0.419x | +42.11% |
| 2022-12-31 | CA$56.38 Billion ≈ $40.78 Billion |
CA$16.63 Billion ≈ $12.03 Billion |
0.295x | -25.02% |
| 2021-12-31 | CA$58.87 Billion ≈ $42.58 Billion |
CA$23.16 Billion ≈ $16.75 Billion |
0.393x | +3.99% |
| 2020-12-31 | CA$53.01 Billion ≈ $38.34 Billion |
CA$20.05 Billion ≈ $14.50 Billion |
0.378x | +1364.67% |
| 2019-12-31 | CA$795.50 Billion ≈ $575.45 Billion |
CA$20.54 Billion ≈ $14.86 Billion |
0.026x | -93.65% |
| 2018-12-31 | CA$47.15 Billion ≈ $34.11 Billion |
CA$19.19 Billion ≈ $13.88 Billion |
0.407x | -3.56% |
| 2017-12-31 | CA$42.16 Billion ≈ $30.50 Billion |
CA$17.79 Billion ≈ $12.87 Billion |
0.422x | +6.18% |
| 2016-12-31 | CA$42.82 Billion ≈ $30.98 Billion |
CA$17.02 Billion ≈ $12.31 Billion |
0.397x | +60.65% |
| 2015-12-31 | CA$41.94 Billion ≈ $30.34 Billion |
CA$10.37 Billion ≈ $7.50 Billion |
0.247x | -22.34% |
| 2014-12-31 | CA$33.93 Billion ≈ $24.54 Billion |
CA$10.81 Billion ≈ $7.82 Billion |
0.319x | -2.69% |
| 2013-12-31 | CA$29.03 Billion ≈ $21.00 Billion |
CA$9.50 Billion ≈ $6.87 Billion |
0.327x | -20.87% |
| 2012-12-31 | CA$26.10 Billion ≈ $18.88 Billion |
CA$10.79 Billion ≈ $7.81 Billion |
0.414x | -5.30% |
| 2011-12-31 | CA$24.88 Billion ≈ $18.00 Billion |
CA$10.87 Billion ≈ $7.86 Billion |
0.437x | +1.56% |
| 2010-12-31 | CA$26.87 Billion ≈ $19.44 Billion |
CA$11.56 Billion ≈ $8.36 Billion |
0.430x | +3.43% |
| 2009-12-31 | CA$28.91 Billion ≈ $20.91 Billion |
CA$12.02 Billion ≈ $8.70 Billion |
0.416x | +44.13% |
| 2008-12-31 | CA$27.45 Billion ≈ $19.86 Billion |
CA$7.92 Billion ≈ $5.73 Billion |
0.289x | -1.34% |
| 2007-12-31 | CA$24.48 Billion ≈ $17.71 Billion |
CA$7.16 Billion ≈ $5.18 Billion |
0.292x | +13.27% |
| 2006-12-31 | CA$25.86 Billion ≈ $18.71 Billion |
CA$6.68 Billion ≈ $4.83 Billion |
0.258x | -16.32% |
| 2005-12-31 | CA$23.97 Billion ≈ $17.34 Billion |
CA$7.40 Billion ≈ $5.35 Billion |
0.309x | +38.02% |
| 2004-12-31 | CA$24.49 Billion ≈ $17.71 Billion |
CA$5.47 Billion ≈ $3.96 Billion |
0.224x | -13.58% |
| 2003-12-31 | CA$10.29 Billion ≈ $7.45 Billion |
CA$2.66 Billion ≈ $1.93 Billion |
0.259x | +18.50% |
| 2002-12-31 | CA$9.81 Billion ≈ $7.09 Billion |
CA$2.14 Billion ≈ $1.55 Billion |
0.218x | +170.22% |
| 2001-12-31 | CA$9.36 Billion ≈ $6.77 Billion |
CA$-2.91 Billion ≈ $-2.10 Billion |
-0.311x | -234.66% |
| 2000-12-31 | CA$8.28 Billion ≈ $5.99 Billion |
CA$1.91 Billion ≈ $1.38 Billion |
0.231x | -36.78% |
| 1999-12-31 | CA$7.96 Billion ≈ $5.76 Billion |
CA$2.91 Billion ≈ $2.10 Billion |
0.365x | +22907.53% |
| 1998-12-31 | CA$6.81 Billion ≈ $4.93 Billion |
CA$-10.91 Million ≈ $-7.89 Million |
-0.002x | -- |
About Manulife Financial Corp
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. It operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail… Read more