Pan American Silver Corp (PAAS) - Cash Flow Conversion Efficiency

Latest as of March 2026: 0.069x

Based on the latest financial reports, Pan American Silver Corp (PAAS) has a cash flow conversion efficiency ratio of 0.069x 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 (CA$505.00 Million ≈ $365.31 Million USD) by net assets (CA$7.36 Billion ≈ $5.32 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 PAAS defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Pan American Silver Corp - Cash Flow Conversion Efficiency Trend (1996–2025)

This chart illustrates how Pan American Silver Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Pan American Silver Corp Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Pan American Silver Corp ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Banco do Brasil S.A. SA:BBAS3	0.201x
Credicorp Ltd F:D8V	-0.019x
YPF S.A. D BA:YPFD	0.105x
VONOVIA SE ADR 1/2/O.N F:VNAA	0.011x
Rollins Inc NYSE:ROL	0.086x
EAST JP RAILW. ADR 1/6 F:EJR0	N/A
Gold Circuit Electronics Ltd TW:2368	0.013x
KGHM Polska Miedz SA WAR:KGH	0.041x

Annual Cash Flow Conversion Efficiency for Pan American Silver Corp (1996–2025)

The table below shows the annual cash flow conversion efficiency of Pan American Silver Corp from 1996 to 2025. For the full company profile with market capitalisation and key ratios, see how much is Pan American Silver Corp worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	CA$6.99 Billion ≈ $5.06 Billion	CA$1.40 Billion ≈ $1.01 Billion	0.200x	+30.60%
2024-12-31	CA$4.72 Billion ≈ $3.41 Billion	CA$724.10 Million ≈ $523.80 Million	0.154x	+62.75%
2023-12-31	CA$4.77 Billion ≈ $3.45 Billion	CA$450.20 Million ≈ $325.67 Million	0.094x	+550.86%
2022-12-31	CA$2.20 Billion ≈ $1.59 Billion	CA$31.91 Million ≈ $23.08 Million	0.014x	-90.26%
2021-12-31	CA$2.64 Billion ≈ $1.91 Billion	CA$392.11 Million ≈ $283.64 Million	0.149x	-16.16%
2020-12-31	CA$2.61 Billion ≈ $1.89 Billion	CA$462.31 Million ≈ $334.43 Million	0.177x	+55.24%
2019-12-31	CA$2.47 Billion ≈ $1.79 Billion	CA$282.03 Million ≈ $204.01 Million	0.114x	+11.59%
2018-12-31	CA$1.51 Billion ≈ $1.09 Billion	CA$154.98 Million ≈ $112.11 Million	0.102x	-30.63%
2017-12-31	CA$1.52 Billion ≈ $1.10 Billion	CA$224.56 Million ≈ $162.44 Million	0.148x	-3.85%
2016-12-31	CA$1.40 Billion ≈ $1.01 Billion	CA$214.80 Million ≈ $155.39 Million	0.154x	+124.81%
2015-12-31	CA$1.30 Billion ≈ $939.40 Million	CA$88.69 Million ≈ $64.16 Million	0.068x	-13.66%
2014-12-31	CA$1.57 Billion ≈ $1.14 Billion	CA$124.19 Million ≈ $89.84 Million	0.079x	+44.76%
2013-12-31	CA$2.19 Billion ≈ $1.58 Billion	CA$119.61 Million ≈ $86.52 Million	0.055x	-22.92%
2012-12-31	CA$2.73 Billion ≈ $1.97 Billion	CA$193.31 Million ≈ $139.83 Million	0.071x	-68.40%
2011-12-31	CA$1.60 Billion ≈ $1.16 Billion	CA$359.45 Million ≈ $260.02 Million	0.224x	+41.52%
2010-12-31	CA$1.53 Billion ≈ $1.11 Billion	CA$242.26 Million ≈ $175.24 Million	0.159x	+85.79%
2009-12-31	CA$1.36 Billion ≈ $983.11 Million	CA$115.97 Million ≈ $83.89 Million	0.085x	-36.55%
2008-12-31	CA$691.39 Million ≈ $500.14 Million	CA$92.98 Million ≈ $67.26 Million	0.134x	+20.81%
2007-12-31	CA$605.10 Million ≈ $437.72 Million	CA$67.36 Million ≈ $48.73 Million	0.111x	-11.87%
2006-12-31	CA$521.71 Million ≈ $377.39 Million	CA$65.90 Million ≈ $47.67 Million	0.126x	+206.45%
2005-12-31	CA$261.12 Million ≈ $188.89 Million	CA$10.76 Million ≈ $7.79 Million	0.041x	+270.46%
2004-12-31	CA$281.58 Million ≈ $203.69 Million	CA$3.13 Million ≈ $2.27 Million	0.011x	+153.54%
2003-12-31	CA$184.10 Million ≈ $133.18 Million	CA$-3.83 Million ≈ $-2.77 Million	-0.021x	-55.42%
2002-12-31	CA$55.49 Million ≈ $40.14 Million	CA$-742.00K ≈ $-536.75K	-0.013x	+62.26%
2001-12-31	CA$58.88 Million ≈ $42.59 Million	CA$-2.09 Million ≈ $-1.51 Million	-0.035x	-431.51%
2000-12-31	CA$57.54 Million ≈ $41.63 Million	CA$615.00K ≈ $444.88K	0.011x	+130.57%
1999-12-31	CA$94.90 Million ≈ $68.65 Million	CA$-3.32 Million ≈ $-2.40 Million	-0.035x	+52.98%
1998-12-31	CA$61.69 Million ≈ $44.63 Million	CA$-4.59 Million ≈ $-3.32 Million	-0.074x	-338.71%
1997-12-31	CA$60.65 Million ≈ $43.87 Million	CA$1.89 Million ≈ $1.37 Million	0.031x	+207.74%
1996-12-31	CA$60.56 Million ≈ $43.81 Million	CA$-1.75 Million ≈ $-1.27 Million	-0.029x	--

About Pan American Silver Corp

TO:PAAS Canada Gold

Market Cap

$21.74 Billion

CA$30.05 Billion CAD

Market Cap Rank

#1207 Global

#46 in Canada

Share Price

CA$71.31

Change (1 day)

-1.98%

52-Week Range

CA$37.28 - CA$93.58

All Time High

CA$93.58