Thai Oil Public Company Limited (TOP) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.135x

Based on the latest financial reports, Thai Oil Public Company Limited (TOP) has a cash flow conversion efficiency ratio of 0.135x 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 (฿26.09 Billion ≈ $813.33 Million USD) by net assets (฿193.03 Billion ≈ $6.02 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Check Thai Oil Public Company Limited PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Thai Oil Public Company Limited - Cash Flow Conversion Efficiency Trend (2003–2025)

This chart illustrates how Thai Oil Public Company Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. See net assets of Thai Oil Public Company Limited for net asset value and shareholders' equity analysis.

Thai Oil Public Company Limited Competitors by Cash Flow Conversion Efficiency

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

Company	Cash Flow Conversion Efficiency
Shanghai Construction Group Co Ltd SHG:600170	0.053x
Pan African Resources PLC JSE:PAN	0.064x
Xenon Pharmaceuticals Inc NASDAQ:XENE	-0.140x
Shanxi Taigang Stainless Steel Co Ltd SHE:000825	0.019x
LIFE360 Inc AU:360	0.069x
National Beverage Corp NASDAQ:FIZZ	0.086x
Runjian Communication Co Ltd Class A SHE:002929	0.083x
JUMBO SA UNSP.ADR/1 O.N. F:5JB1	N/A

Annual Cash Flow Conversion Efficiency for Thai Oil Public Company Limited (2003–2025)

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

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	฿193.03 Billion ≈ $6.02 Billion	฿48.81 Billion ≈ $1.52 Billion	0.253x	+6.77%
2024-12-31	฿166.18 Billion ≈ $5.18 Billion	฿39.35 Billion ≈ $1.23 Billion	0.237x	+41.91%
2023-12-31	฿168.31 Billion ≈ $5.25 Billion	฿28.09 Billion ≈ $875.47 Million	0.167x	-38.78%
2022-12-31	฿158.66 Billion ≈ $4.95 Billion	฿43.25 Billion ≈ $1.35 Billion	0.273x	+219.47%
2021-12-31	฿123.09 Billion ≈ $3.84 Billion	฿10.50 Billion ≈ $327.39 Million	0.085x	+320.98%
2020-12-31	฿120.12 Billion ≈ $3.74 Billion	฿2.43 Billion ≈ $75.89 Million	0.020x	-80.81%
2019-12-31	฿123.92 Billion ≈ $3.86 Billion	฿13.09 Billion ≈ $407.92 Million	0.106x	-27.07%
2018-12-31	฿126.47 Billion ≈ $3.94 Billion	฿18.31 Billion ≈ $570.80 Million	0.145x	-46.51%
2017-12-31	฿127.15 Billion ≈ $3.96 Billion	฿34.42 Billion ≈ $1.07 Billion	0.271x	+30.31%
2016-12-31	฿111.60 Billion ≈ $3.48 Billion	฿23.18 Billion ≈ $722.55 Million	0.208x	-36.45%
2015-12-31	฿97.01 Billion ≈ $3.02 Billion	฿31.71 Billion ≈ $988.33 Million	0.327x	+16.44%
2014-12-31	฿87.04 Billion ≈ $2.71 Billion	฿24.43 Billion ≈ $761.55 Million	0.281x	+65.03%
2013-12-31	฿94.84 Billion ≈ $2.96 Billion	฿16.13 Billion ≈ $502.80 Million	0.170x	-33.05%
2012-12-31	฿90.72 Billion ≈ $2.83 Billion	฿23.05 Billion ≈ $718.42 Million	0.254x	+22.73%
2011-12-31	฿85.03 Billion ≈ $2.65 Billion	฿17.60 Billion ≈ $548.64 Million	0.207x	+17.51%
2010-12-31	฿76.84 Billion ≈ $2.39 Billion	฿13.54 Billion ≈ $421.90 Million	0.176x	-17.65%
2009-12-31	฿71.69 Billion ≈ $2.23 Billion	฿15.34 Billion ≈ $478.00 Million	0.214x	+61.13%
2008-12-31	฿63.58 Billion ≈ $1.98 Billion	฿8.44 Billion ≈ $263.11 Million	0.133x	-57.96%
2007-12-31	฿71.89 Billion ≈ $2.24 Billion	฿22.70 Billion ≈ $707.61 Million	0.316x	+28.39%
2006-12-31	฿72.81 Billion ≈ $2.27 Billion	฿17.91 Billion ≈ $558.26 Million	0.246x	-19.41%
2005-12-31	฿66.85 Billion ≈ $2.08 Billion	฿20.40 Billion ≈ $635.99 Million	0.305x	+16.31%
2004-12-31	฿53.58 Billion ≈ $1.67 Billion	฿14.06 Billion ≈ $438.19 Million	0.262x	-25.72%
2003-12-31	฿36.28 Billion ≈ $1.13 Billion	฿12.82 Billion ≈ $399.44 Million	0.353x	--

About Thai Oil Public Company Limited

BK:TOP Thailand Oil & Gas Refining & Marketing

Market Cap

$3.24 Billion

฿103.87 Billion THB

Market Cap Rank

#4784 Global

#28 in Thailand

Share Price

฿46.50

Change (1 day)

+1.64%

52-Week Range

฿26.25 - ฿55.25

All Time High

฿83.44