TOP Ships Inc. (TOPS) - 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. See TOP Ships Inc. defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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.
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 |
|---|---|
|
Happy Creek Minerals Ltd
V:HPY
|
-0.016x |
|
Yayla Enerji Uretim Turizm ve
IS:YAYLA
|
-0.003x |
|
Netgem SA
PA:ALNTG
|
0.054x |
|
Sangshin Electronics Co. Ltd
KQ:263810
|
-0.063x |
|
Audacia SAS
PA:ALAUD
|
-0.098x |
|
TRF Limited
NSE:TRF
|
-0.011x |
|
Youlife Group Inc. American Depositary Shares
NASDAQ:YOUL
|
N/A |
|
Tigers Realm Coal Ltd
AU:TIG
|
-0.316x |
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. For the full company profile with market capitalisation and key ratios, see TOPS market cap.
| 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