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. Also see TOP stock market capitalisation for the company's overall valuation and market capitalisation.

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.

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. Explore TOP operating cash flow to net income to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
Cousins Properties Incorporated NYSE:CUZ	0.044x
BlackBerry Ltd TO:BB	0.006x
AUTO1 Group SE F:AG1	0.289x
Aneka Tambang Persero Tbk JK:ANTM	0.062x
Golar LNG Limited NASDAQ:GLNG	0.048x
GEM CO. LTD SP.GDR/10 A F:3730	N/A
Beta Technologies, Inc. NYSE:BETA	-0.055x
Walsin Technology Corp TW:2492	0.013x

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. View today's stock price for Thai Oil Public Company Limited for real-time trading data and today's change.

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

$4.60 Billion

฿147.43 Billion THB

Market Cap Rank

#3767 Global

#26 in Thailand

Share Price

฿66.00

Change (1 day)

+0.38%

52-Week Range

฿33.75 - ฿70.00

All Time High

฿83.44