Asia Plus Group Holdings PCL (ASP) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.253x

Based on the latest financial reports, Asia Plus Group Holdings PCL (ASP) has a cash flow conversion efficiency ratio of 0.253x as of December 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 (฿1.20 Billion ≈ $37.49 Million USD) by net assets (฿4.76 Billion ≈ $148.29 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 ASP net asset quality index to measure how much of total assets are equity-financed.

Asia Plus Group Holdings PCL - Cash Flow Conversion Efficiency Trend (2004–2025)

This chart illustrates how Asia Plus Group Holdings PCL's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Asia Plus Group Holdings PCL cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Asia Plus Group Holdings PCL Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Asia Plus Group Holdings PCL ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
BriQ Properties Real Estate Investment Company AT:BRIQ	0.005x
Amber International Holding Limited NYSE:AMBR	0.226x
Segro Plc LSE:SGRO	0.013x
Amarc Resources Ltd. V:AHR	-169.785x
Faze Three Limited NSE:FAZE3Q	0.025x
Kimia Farma Persero Tbk JK:KAEF	0.033x
Rugvista Group AB ST:RUG	0.000x
JF Technology BHD KLSE:0146	0.023x

Annual Cash Flow Conversion Efficiency for Asia Plus Group Holdings PCL (2004–2025)

The table below shows the annual cash flow conversion efficiency of Asia Plus Group Holdings PCL from 2004 to 2025. For the full company profile with market capitalisation and key ratios, see ASP company net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	฿4.76 Billion ≈ $148.29 Million	฿1.81 Billion ≈ $56.33 Million	0.380x	-11.94%
2024-12-31	฿4.91 Billion ≈ $152.91 Million	฿2.12 Billion ≈ $65.96 Million	0.431x	-38.96%
2023-12-31	฿4.89 Billion ≈ $152.51 Million	฿3.46 Billion ≈ $107.77 Million	0.707x	+317.03%
2022-12-31	฿4.87 Billion ≈ $151.94 Million	฿826.00 Million ≈ $25.75 Million	0.169x	+118.43%
2021-12-31	฿4.99 Billion ≈ $155.42 Million	฿-4.58 Billion ≈ $-142.88 Million	-0.919x	-702.59%
2020-12-31	฿4.79 Billion ≈ $149.34 Million	฿-548.81 Million ≈ $-17.11 Million	-0.115x	-24.55%
2019-12-31	฿4.65 Billion ≈ $144.79 Million	฿-427.21 Million ≈ $-13.32 Million	-0.092x	-110.81%
2018-12-31	฿4.63 Billion ≈ $144.19 Million	฿3.93 Billion ≈ $122.64 Million	0.851x	+1005.48%
2017-12-31	฿4.83 Billion ≈ $150.59 Million	฿-453.82 Million ≈ $-14.15 Million	-0.094x	-186.01%
2016-12-31	฿4.75 Billion ≈ $148.02 Million	฿518.64 Million ≈ $16.17 Million	0.109x	+52.54%
2015-12-31	฿4.43 Billion ≈ $138.21 Million	฿317.47 Million ≈ $9.90 Million	0.072x	-71.63%
2014-12-31	฿4.59 Billion ≈ $143.10 Million	฿1.16 Billion ≈ $36.11 Million	0.252x	+66.06%
2013-12-31	฿4.44 Billion ≈ $138.25 Million	฿674.01 Million ≈ $21.01 Million	0.152x	+170.46%
2012-12-31	฿4.18 Billion ≈ $130.31 Million	฿-901.65 Million ≈ $-28.10 Million	-0.216x	-175.47%
2011-12-31	฿3.98 Billion ≈ $123.92 Million	฿1.14 Billion ≈ $35.41 Million	0.286x	+360.59%
2010-12-31	฿4.29 Billion ≈ $133.60 Million	฿-470.05 Million ≈ $-14.65 Million	-0.110x	-75.95%
2009-12-31	฿3.86 Billion ≈ $120.41 Million	฿-240.77 Million ≈ $-7.50 Million	-0.062x	-178.03%
2008-12-31	฿3.38 Billion ≈ $105.40 Million	฿270.11 Million ≈ $8.42 Million	0.080x	-22.10%
2007-12-31	฿3.75 Billion ≈ $116.94 Million	฿384.73 Million ≈ $11.99 Million	0.103x	+424.60%
2006-12-31	฿3.77 Billion ≈ $117.54 Million	฿-119.12 Million ≈ $-3.71 Million	-0.032x	-122.45%
2005-12-31	฿3.84 Billion ≈ $119.55 Million	฿539.80 Million ≈ $16.82 Million	0.141x	+2183.86%
2004-12-31	฿4.00 Billion ≈ $124.74 Million	฿-27.03 Million ≈ $-842.44K	-0.007x	--

About Asia Plus Group Holdings PCL

BK:ASP Thailand Capital Markets

Market Cap

$148.20 Million

฿4.75 Billion THB

Market Cap Rank

#17639 Global

#237 in Thailand

Share Price

฿2.34

Change (1 day)

+0.86%

52-Week Range

฿1.98 - ฿2.78

All Time High

฿3.21