Cash conversion (operating cash flow ÷ net profit)

All 86 of the 100 with a computed cash conversion ratio (a loss year has none), sorted highest first.

Cash conversion divides operating cash flow by net profit. Above 1, the year's profit arrived as at least as much cash. Well below 1, profit sits in receivables, inventory or non-cash gains; a loss year has no ratio.

Glossary: Cash conversion

10 banks and insurers are left out, because deposits, loans and policy reserves run through their operating cash flow. 4 companies have no figure for the latest fiscal year in the filings.