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 liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

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.

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
Franklin Street Properties Corp NYSE MKT:FSP	-0.009x
Star Media Group Bhd KLSE:6084	-0.014x
Orient Ceratech Limited NSE:ORIENTCER	0.100x
Omax Autos Limited NSE:OMAXAUTO	0.061x
Yuhan Corp Preferred KO:000105	0.003x
Mink Therapeutics Inc NASDAQ:INKT	0.070x
Sirios Resources Inc. V:SOI	-0.045x
GeneOne Life Science Inc KO:011000	-0.043x

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 value 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

$51.84 Million

฿1.66 Billion THB

Market Cap Rank

#21823 Global

#368 in Thailand

Share Price

฿2.52

Change (1 day)

+3.28%

52-Week Range

฿1.48 - ฿2.62

All Time High

฿5.92