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

Latest as of September 2025: 0.288x

Based on the latest financial reports, Pacific Pipe Public Company Limited (PAP) has a cash flow conversion efficiency ratio of 0.288x as of September 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 (฿547.06 Million ≈ $17.05 Million USD) by net assets (฿1.90 Billion ≈ $59.31 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Pacific Pipe Public Company Limited - Cash Flow Conversion Efficiency Trend (2003–2024)

This chart illustrates how Pacific Pipe Public Company Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read PAP total debt and obligations for a breakdown of total debt and financial obligations.

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
Lichen China Limited Class A Ordinary Shares NASDAQ:LICN	-0.029x
Hae In KO:003010	0.166x
Parkson Holdings Bhd KLSE:5657	0.077x
Ozderici Gayrimenkul Yatirim Ortakligi AS IS:OZGYO	0.006x
Kyung Chang Industrial Co. Ltd KQ:024910	0.012x
Toro Energy Ltd AU:TOE	-0.245x
Archer Materials Limited F:38A	-0.028x
Aker Technology Co Ltd TWO:6174	0.024x

Annual Cash Flow Conversion Efficiency for Pacific Pipe Public Company Limited (2003–2024)

The table below shows the annual cash flow conversion efficiency of Pacific Pipe Public Company Limited from 2003 to 2024. 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
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

$48.96 Million

฿1.57 Billion THB

Market Cap Rank

#21959 Global

#368 in Thailand

Share Price

฿2.38

Change (1 day)

-0.83%

52-Week Range

฿1.48 - ฿2.48

All Time High

฿5.92