TOP Ships Inc.
Top Ships Inc. owns and operates tanker vessels in Greece and internationally. The company transports crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2024, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 5… Read more
TOP Ships Inc. (TOPS) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of December 2023: 0.087x
Based on the latest financial reports, TOP Ships Inc. (TOPS) has a cash flow conversion efficiency ratio of 0.087x as of December 2023.
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 ($15.91 Million) by net assets ($183.38 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
TOP Ships Inc. - Cash Flow Conversion Efficiency Trend (2002–2024)
This chart illustrates how TOP Ships Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
TOP Ships Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of TOP Ships Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
P9J
F:P9J
|
-0.696x |
|
Greenvale Energy Ltd
AU:GRV
|
0.090x |
|
Newlox Gold Ventures Corp
PINK:NWLXF
|
-0.363x |
|
K2A Knaust & Andersson Fastigheter AB (publ)
ST:K2A-PREF
|
0.006x |
|
ARGO BLOCKCHAIN LS -001
F:0XP
|
N/A |
|
Evogene
NASDAQ:EVGN
|
-0.189x |
|
Personel Alih Daya
JK:PADA
|
-0.041x |
|
TalkPool AG
ST:TALK
|
0.305x |
Annual Cash Flow Conversion Efficiency for TOP Ships Inc. (2002–2024)
The table below shows the annual cash flow conversion efficiency of TOP Ships Inc. from 2002 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $144.42 Million | $17.32 Million | 0.120x | -23.98% |
| 2023-12-31 | $183.38 Million | $28.93 Million | 0.158x | -6.98% |
| 2022-12-31 | $197.02 Million | $33.42 Million | 0.170x | -1.55% |
| 2021-12-31 | $93.22 Million | $16.06 Million | 0.172x | +282.85% |
| 2020-12-31 | $134.22 Million | $6.04 Million | 0.045x | -75.20% |
| 2019-12-31 | $105.76 Million | $19.19 Million | 0.181x | +2543.31% |
| 2018-12-31 | $104.28 Million | $716.00K | 0.007x | +5.98% |
| 2017-12-31 | $107.27 Million | $695.00K | 0.006x | -95.43% |
| 2016-12-31 | $47.26 Million | $6.70 Million | 0.142x | +449.28% |
| 2015-12-31 | $34.15 Million | $-1.39 Million | -0.041x | +38.38% |
| 2014-12-31 | $42.53 Million | $-2.80 Million | -0.066x | -131.76% |
| 2013-12-31 | $14.79 Million | $3.07 Million | 0.208x | -82.06% |
| 2012-12-31 | $13.08 Million | $15.13 Million | 1.157x | +462.16% |
| 2011-12-31 | $76.68 Million | $15.78 Million | 0.206x | +47.66% |
| 2010-12-31 | $255.48 Million | $35.60 Million | 0.139x | +423.83% |
| 2009-12-31 | $247.20 Million | $6.58 Million | 0.027x | -34.42% |
| 2008-12-31 | $292.05 Million | $11.85 Million | 0.041x | +175.96% |
| 2007-12-31 | $211.41 Million | $-11.29 Million | -0.053x | -150.15% |
| 2006-12-31 | $197.85 Million | $21.07 Million | 0.106x | -58.42% |
| 2005-12-31 | $369.66 Million | $94.67 Million | 0.256x | +188.17% |
| 2004-12-31 | $321.81 Million | $28.60 Million | 0.089x | -70.58% |
| 2003-12-31 | $16.32 Million | $4.93 Million | 0.302x | +10.01% |
| 2002-12-31 | $8.77 Million | $2.41 Million | 0.275x | -- |