Saha Pathana Inter-Holding PCL (SPI) - Cash Flow Conversion Efficiency

Latest as of March 2026: -0.003x

Based on the latest financial reports, Saha Pathana Inter-Holding PCL (SPI) has a cash flow conversion efficiency ratio of -0.003x as of March 2026. 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 (฿-140.66 Million ≈ $-4.38 Million USD) by net assets (฿51.02 Billion ≈ $1.59 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Saha Pathana Inter-Holding PCL net asset quality index to measure how much of total assets are equity-financed.

Saha Pathana Inter-Holding PCL - Cash Flow Conversion Efficiency Trend (2004–2025)

This chart illustrates how Saha Pathana Inter-Holding PCL's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Saha Pathana Inter-Holding PCL cash earnings quality to evaluate the quality of earnings relative to operating cash generation.

Saha Pathana Inter-Holding PCL Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Saha Pathana Inter-Holding PCL ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Nolato AB (publ) ST:NOLA-B	0.038x
Pabrik Kertas Tjiwi Kimia Tbk JK:TKIM	-0.011x
Wuhan East Lake High Technology Group Co Ltd SHG:600133	-0.006x
Yapp Automotive Systems Co Ltd SHG:603013	0.242x
Nanjing Vazyme Biotech Co Ltd SHG:688105	0.020x
Changzhou Qianhong Biopharma Co Ltd SHE:002550	0.055x
Chengdu Haoneng Tech Co Ltd SHG:603809	0.000x
Westamerica Bancorporation NASDAQ:WABC	0.032x

Annual Cash Flow Conversion Efficiency for Saha Pathana Inter-Holding PCL (2004–2025)

The table below shows the annual cash flow conversion efficiency of Saha Pathana Inter-Holding PCL from 2004 to 2025. For the full company profile with market capitalisation and key ratios, see Saha Pathana Inter-Holding PCL (SPI) market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	฿50.36 Billion ≈ $1.57 Billion	฿1.06 Billion ≈ $33.06 Million	0.021x	+277.51%
2024-12-31	฿49.77 Billion ≈ $1.55 Billion	฿-590.51 Million ≈ $-18.41 Million	-0.012x	-54.16%
2023-12-31	฿46.47 Billion ≈ $1.45 Billion	฿-357.66 Million ≈ $-11.15 Million	-0.008x	-170.25%
2022-12-31	฿44.45 Billion ≈ $1.39 Billion	฿487.01 Million ≈ $15.18 Million	0.011x	+382.35%
2021-12-31	฿42.17 Billion ≈ $1.31 Billion	฿-163.63 Million ≈ $-5.10 Million	-0.004x	-300.03%
2020-12-31	฿39.09 Billion ≈ $1.22 Billion	฿75.83 Million ≈ $2.36 Million	0.002x	-54.87%
2019-12-31	฿30.53 Billion ≈ $951.70 Million	฿131.26 Million ≈ $4.09 Million	0.004x	-27.37%
2018-12-31	฿29.01 Billion ≈ $904.08 Million	฿171.68 Million ≈ $5.35 Million	0.006x	-86.38%
2017-12-31	฿24.73 Billion ≈ $770.78 Million	฿1.07 Billion ≈ $33.50 Million	0.043x	-0.57%
2016-12-31	฿22.23 Billion ≈ $692.89 Million	฿971.64 Million ≈ $30.29 Million	0.044x	+3.73%
2015-12-31	฿20.21 Billion ≈ $629.82 Million	฿851.45 Million ≈ $26.54 Million	0.042x	+9.60%
2014-12-31	฿19.42 Billion ≈ $605.46 Million	฿746.85 Million ≈ $23.28 Million	0.038x	-22.14%
2013-12-31	฿17.29 Billion ≈ $538.84 Million	฿853.71 Million ≈ $26.61 Million	0.049x	+16.10%
2012-12-31	฿17.43 Billion ≈ $543.20 Million	฿741.29 Million ≈ $23.11 Million	0.043x	+42.19%
2011-12-31	฿14.93 Billion ≈ $465.22 Million	฿446.49 Million ≈ $13.92 Million	0.030x	+49.80%
2010-12-31	฿13.83 Billion ≈ $431.15 Million	฿276.23 Million ≈ $8.61 Million	0.020x	-57.77%
2009-12-31	฿12.57 Billion ≈ $391.65 Million	฿594.12 Million ≈ $18.52 Million	0.047x	+29.17%
2008-12-31	฿11.30 Billion ≈ $352.35 Million	฿413.80 Million ≈ $12.90 Million	0.037x	+16.85%
2007-12-31	฿10.66 Billion ≈ $332.29 Million	฿333.96 Million ≈ $10.41 Million	0.031x	-29.09%
2006-12-31	฿10.16 Billion ≈ $316.63 Million	฿448.80 Million ≈ $13.99 Million	0.044x	-4.53%
2005-12-31	฿9.51 Billion ≈ $296.48 Million	฿440.17 Million ≈ $13.72 Million	0.046x	+10.42%
2004-12-31	฿8.61 Billion ≈ $268.39 Million	฿360.88 Million ≈ $11.25 Million	0.042x	--

About Saha Pathana Inter-Holding PCL

BK:SPI Thailand Real Estate Services

Market Cap

$1.30 Billion

฿41.82 Billion THB

Market Cap Rank

#7680 Global

#67 in Thailand

Share Price

฿32.50

Change (1 day)

+0.78%

52-Week Range

฿32.00 - ฿48.50

All Time High

฿76.61