Thai Oil Public Company Limited Cash Flow Conversion Efficiency

Latest as of December 2025: 0.135x

Thai Oil Public Company Limited cash flow conversion efficiency. 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.

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

Cash flow conversion efficiency of Thai Oil Public Company Limited from 2003 to 2025. This chart illustrates how Thai Oil Public Company Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Thai Oil Public Company Limited stock price for real-time trading data and today's change.

Thai Oil Public Company Limited Cash Flow Conversion Ratio Explained

Thai Oil Public Company Limited cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

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. Also see Thai Oil Public Company Limited (TOP) market capitalisation for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
Enova International Inc NYSE:ENVA	0.363x
Shanghai 2345 Network Holding Group SHE:002195	0.029x
VISTA ENERGY 1 A ADR/1 F:1CIA	N/A
CommScope Holding Co Inc NASDAQ:COMM	-0.142x
WHITE MTNS INS. GRP DL 1 F:WNI	0.009x
Balkrishna Industries Limited NSE:BALKRISIND	0.121x
CGN Power Co Ltd F:94C	0.064x
Construction Partners Inc NASDAQ:ROAD	0.089x

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. Review TOP FCF generation index to assess how much free cash flow the company generates relative to operating cash flow.

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

$4.33 Billion

฿139.06 Billion THB

Market Cap Rank

#3785 Global

#26 in Thailand

Share Price

฿62.25

Change (1 day)

+0.81%

52-Week Range

฿33.75 - ฿77.75

All Time High

฿83.44