TOP Ships Inc. Cash Flow Conversion Efficiency
TOP Ships Inc. cash flow conversion efficiency. 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.
Cash Flow Conversion Efficiency of TOP Ships Inc. (2002–2024)
Cash flow conversion efficiency of TOP Ships Inc. from 2002 to 2024. This chart illustrates how TOP Ships Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. View TOP Ships Inc. stock quote for real-time trading data and today's change.
TOP Ships Inc. Cash Flow Conversion Ratio Explained
TOP Ships Inc. 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.
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. Also see market cap of TOP Ships Inc. for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Happy Creek Minerals Ltd
V:HPY
|
-0.016x |
|
Verde Agritech PLC
TO:NPK
|
-0.072x |
|
Hove AS
CO:HOVE
|
-0.033x |
|
Abko Co. Ltd
KQ:129890
|
-0.134x |
|
Audacia SAS
PA:ALAUD
|
-0.098x |
|
Tigers Realm Coal Ltd
AU:TIG
|
-0.316x |
|
Champion Pacific Indonesia Tbk
JK:IGAR
|
0.005x |
|
US Global Investors Inc
NASDAQ:GROW
|
0.006x |
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. Review free cash flow generation of TOP Ships Inc. 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 |
|---|---|---|---|---|
| 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 | -- |
About 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