Thai Oil Public Company Limited (TOP) — Capital Reinvestment Ratio
Thai Oil Public Company Limited (TOP) has a Capital Reinvestment Ratio of 0.16x as of December 2025, meaning it reinvests 0% of its operating cash flow (฿26.09 Billion) in capital expenditures (฿4.29 Billion). Check Thai Oil Public Company Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Thai Oil Public Company Limited Capital Reinvestment Ratio (2004–2025)
This chart tracks Thai Oil Public Company Limited's Capital Reinvestment Ratio across 22 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Thai Oil Public Company Limited.
Annual Capital Reinvestment Ratio for Thai Oil Public Company Limited (2004–2025)
Year-by-year Capital Reinvestment Ratio for Thai Oil Public Company Limited from 2004 to 2025. See Thai Oil Public Company Limited free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (THB) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.22x | ฿48.81 Billion | ฿10.70 Billion | ▼ -9.7% |
| 2024 | 0.24x | ฿39.35 Billion | ฿9.56 Billion | ▼ -53.3% |
| 2023 | 0.52x | ฿28.09 Billion | ฿14.60 Billion | ▼ -30.0% |
| 2022 | 0.74x | ฿43.25 Billion | ฿32.11 Billion | ▼ -78.0% |
| 2021 | 3.37x | ฿10.50 Billion | ฿35.44 Billion | ▼ -83.1% |
| 2020 | 20.00x | ฿2.43 Billion | ฿48.69 Billion | ▲ +843.2% |
| 2019 | 2.12x | ฿13.09 Billion | ฿27.75 Billion | ▲ +385.7% |
| 2018 | 0.44x | ฿18.31 Billion | ฿7.99 Billion | ▲ +226.7% |
| 2017 | 0.13x | ฿34.42 Billion | ฿4.60 Billion | ▼ -55.9% |
| 2016 | 0.30x | ฿23.18 Billion | ฿7.02 Billion | ▼ -12.0% |
| 2015 | 0.34x | ฿31.71 Billion | ฿10.91 Billion | ▼ -55.2% |
| 2014 | 0.77x | ฿24.43 Billion | ฿18.77 Billion | ▼ -2.6% |
| 2013 | 0.79x | ฿16.13 Billion | ฿12.73 Billion | ▲ +181.4% |
| 2012 | 0.28x | ฿23.05 Billion | ฿6.46 Billion | ▲ +21.2% |
| 2011 | 0.23x | ฿17.60 Billion | ฿4.07 Billion | ▼ -5.4% |
| 2010 | 0.24x | ฿13.54 Billion | ฿3.31 Billion | ▲ +172.9% |
| 2009 | 0.09x | ฿15.34 Billion | ฿1.37 Billion | ▼ -89.1% |
| 2008 | 0.82x | ฿8.44 Billion | ฿6.94 Billion | ▲ +10.2% |
| 2007 | 0.75x | ฿22.70 Billion | ฿16.95 Billion | ▲ +142262.8% |
| 2006 | 0.00x | ฿17.91 Billion | ฿9.39 Million | ▲ +28.0% |
| 2005 | 0.00x | ฿20.40 Billion | ฿8.36 Million | ▼ -71.4% |
| 2004 | 0.00x | ฿14.06 Billion | ฿20.14 Million | — |