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 Pan American Silver Corp balance sheet quality to measure how much of total assets are equity-financed.

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. Check Pan American Silver Corp cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

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
Alliant Energy Corp NASDAQ:LNT	0.050x
Companhia de Saneamento Básico do Estado de São Paulo - SABESP F:SAJA	0.021x
IHH Healthcare Bhd KLSE:5225	0.029x
Canon Inc F:CNNA	0.044x
Volkswagen AG VZO O.N. XETRA:VOW3	0.037x
Rollins Inc NYSE:ROL	0.086x
Lennar Corporation NYSE:LEN	0.079x
Essex Property Trust Inc NYSE:ESS	0.051x

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

$18.40 Billion

CA$25.43 Billion CAD

Market Cap Rank

#1370 Global

#49 in Canada

Share Price

CA$60.36

Change (1 day)

-2.09%

52-Week Range

CA$40.14 - CA$93.58

All Time High

CA$93.58