Pacific Pipe Public Company Limited (PAP) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.056x

Based on the latest financial reports, Pacific Pipe Public Company Limited (PAP) has a cash flow conversion efficiency ratio of 0.056x 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 (฿105.25 Million ≈ $3.28 Million USD) by net assets (฿1.89 Billion ≈ $58.80 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 Pacific Pipe Public Company Limited (PAP) net asset quality to measure how much of total assets are equity-financed.

Pacific Pipe Public Company Limited - Cash Flow Conversion Efficiency Trend (2003–2025)

This chart illustrates how Pacific Pipe Public Company Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check earnings quality score of Pacific Pipe Public Company Limited to evaluate the quality of earnings relative to operating cash generation.

Pacific Pipe Public Company Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Pacific Pipe Public Company Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Tuniu Corp NASDAQ:TOUR	0.002x
Nila Spaces Limited NSE:NILASPACES	-0.017x
Surf Air Mobility Inc. NYSE:SRFM	0.209x
Shandong Chenming Paper Holdings Ltd Class B SHE:200488	-0.032x
Neontech Co. Ltd KQ:306620	-0.131x
International Conveyors Limited NSE:INTLCONV	-0.016x
Chips&Media Inc KQ:094360	0.065x
Hancom WITH Inc KQ:054920	-0.060x

Annual Cash Flow Conversion Efficiency for Pacific Pipe Public Company Limited (2003–2025)

The table below shows the annual cash flow conversion efficiency of Pacific Pipe Public Company Limited from 2003 to 2025. For the full company profile with market capitalisation and key ratios, see market cap of Pacific Pipe Public Company Limited.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	฿1.89 Billion ≈ $58.80 Million	฿149.75 Million ≈ $4.67 Million	0.079x	+496.59%
2024-12-31	฿1.81 Billion ≈ $56.29 Million	฿-36.15 Million ≈ $-1.13 Million	-0.020x	-113.46%
2023-12-31	฿2.01 Billion ≈ $62.70 Million	฿299.15 Million ≈ $9.32 Million	0.149x	-57.80%
2022-12-31	฿2.04 Billion ≈ $63.70 Million	฿720.16 Million ≈ $22.45 Million	0.352x	+727.17%
2021-12-31	฿2.93 Billion ≈ $91.22 Million	฿-164.42 Million ≈ $-5.12 Million	-0.056x	-203.71%
2020-12-31	฿2.49 Billion ≈ $77.63 Million	฿134.93 Million ≈ $4.21 Million	0.054x	-77.50%
2019-12-31	฿2.46 Billion ≈ $76.64 Million	฿592.15 Million ≈ $18.46 Million	0.241x	+831.54%
2018-12-31	฿2.42 Billion ≈ $75.44 Million	฿-79.68 Million ≈ $-2.48 Million	-0.033x	+46.87%
2017-12-31	฿2.58 Billion ≈ $80.45 Million	฿-159.92 Million ≈ $-4.98 Million	-0.062x	-148.72%
2016-12-31	฿2.56 Billion ≈ $79.70 Million	฿325.16 Million ≈ $10.13 Million	0.127x	-71.66%
2015-12-31	฿2.01 Billion ≈ $62.67 Million	฿902.12 Million ≈ $28.12 Million	0.449x	+3588.65%
2014-12-31	฿2.16 Billion ≈ $67.40 Million	฿-27.81 Million ≈ $-866.87K	-0.013x	-102.34%
2013-12-31	฿2.25 Billion ≈ $69.99 Million	฿1.24 Billion ≈ $38.51 Million	0.550x	+1296.87%
2012-12-31	฿2.00 Billion ≈ $62.42 Million	฿-92.07 Million ≈ $-2.87 Million	-0.046x	-126.60%
2011-12-31	฿1.92 Billion ≈ $59.72 Million	฿331.05 Million ≈ $10.32 Million	0.173x	+41.68%
2010-12-31	฿1.78 Billion ≈ $55.60 Million	฿217.53 Million ≈ $6.78 Million	0.122x	+143.02%
2009-12-31	฿1.65 Billion ≈ $51.55 Million	฿-468.90 Million ≈ $-14.62 Million	-0.284x	-203.75%
2008-12-31	฿1.56 Billion ≈ $48.61 Million	฿426.17 Million ≈ $13.28 Million	0.273x	+256.38%
2007-12-31	฿1.54 Billion ≈ $48.04 Million	฿118.19 Million ≈ $3.68 Million	0.077x	-22.86%
2006-12-31	฿1.55 Billion ≈ $48.37 Million	฿154.24 Million ≈ $4.81 Million	0.099x	+141.60%
2005-12-31	฿1.42 Billion ≈ $44.33 Million	฿-339.85 Million ≈ $-10.59 Million	-0.239x	-205.47%
2004-12-31	฿1.58 Billion ≈ $49.23 Million	฿357.83 Million ≈ $11.15 Million	0.227x	-3.58%
2003-12-31	฿443.24 Million ≈ $13.82 Million	฿104.15 Million ≈ $3.25 Million	0.235x	--

About Pacific Pipe Public Company Limited

BK:PAP Thailand Steel

Market Cap

$52.25 Million

฿1.68 Billion THB

Market Cap Rank

#21733 Global

#374 in Thailand

Share Price

฿2.54

Change (1 day)

-1.55%

52-Week Range

฿1.74 - ฿2.64

All Time High

฿5.92