Vietnam Airlines JSC (HVN) - Cash Flow Conversion Efficiency

Latest as of June 2025: -0.690x

Based on the latest financial reports, Vietnam Airlines JSC (HVN) has a cash flow conversion efficiency ratio of -0.690x 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 (₫2.14 Trillion ≈ $81.31 Million USD) by net assets (₫-3.10 Trillion ≈ $-117.78 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See how many days can Vietnam Airlines JSC fund operations to measure how many days the company can operate on defensive assets alone.

Vietnam Airlines JSC - Cash Flow Conversion Efficiency Trend (2019–2024)

This chart illustrates how Vietnam Airlines JSC's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Vietnam Airlines JSC Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Vietnam Airlines JSC ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Sinbon Electronics Co Ltd TW:3023	0.040x
Sanhe Tongfei Refrigeration Co. Ltd. SHE:300990	0.029x
Lafarge Malayan Cement Bhd KLSE:3794	0.039x
Wix.Com Ltd NASDAQ:WIX	-0.476x
BB Biotech AG SW:BION	-0.023x
Artois Nom. PA:ARTO	-0.002x
Banque Cantonale du Valais SW:WKBN	0.053x
Metcash Ltd AU:MTS	0.157x

Annual Cash Flow Conversion Efficiency for Vietnam Airlines JSC (2019–2024)

The table below shows the annual cash flow conversion efficiency of Vietnam Airlines JSC from 2019 to 2024. For the full company profile with market capitalisation and key ratios, see HVN market cap overview.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	₫-9.34 Trillion ≈ $-355.02 Million	₫9.44 Trillion ≈ $358.68 Million	-1.010x	-397.64%
2023-12-31	₫-17.03 Trillion ≈ $-646.88 Million	₫3.46 Trillion ≈ $131.33 Million	-0.203x	+67.39%
2022-12-31	₫-11.06 Trillion ≈ $-420.05 Million	₫6.88 Trillion ≈ $261.50 Million	-0.623x	+95.17%
2021-12-31	₫524.21 Billion ≈ $19.92 Million	₫-6.76 Trillion ≈ $-256.81 Million	-12.894x	-1112.88%
2020-12-31	₫6.07 Trillion ≈ $230.71 Million	₫-6.46 Trillion ≈ $-245.27 Million	-1.063x	-324.32%
2019-12-31	₫18.61 Trillion ≈ $706.97 Million	₫8.82 Trillion ≈ $335.06 Million	0.474x	--

About Vietnam Airlines JSC

VN:HVN Vietnam Airlines

Market Cap

$2.48 Billion

₫65.18 Trillion VND

Market Cap Rank

#5635 Global

#22 in Vietnam

Share Price

₫23200.00

Change (1 day)

+1.31%

52-Week Range

₫19300.00 - ₫38900.00

All Time High

₫40300.00