Thai Oil Public Company Limited (TOP) — Cash Flow Quality Index
Thai Oil Public Company Limited (TOP) has a Cash Flow Quality Index of 10.62x as of December 2025. Operating cash flow of ฿26.09 Billion exceeds net income of ฿2.46 Billion, indicating high earnings quality where cash backs reported profits. Explore cash flow to debt ratio of Thai Oil Public Company Limited to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Thai Oil Public Company Limited Cash Flow Quality Index (2003–2025)
Historical Cash Flow Quality Index for Thai Oil Public Company Limited across 21 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Thai Oil Public Company Limited (TOP) cash flow conversion.
Annual Cash Flow Quality Index for Thai Oil Public Company Limited (2003–2025)
Year-by-year earnings quality comparison for Thai Oil Public Company Limited.
| Year | Quality Index | Operating CF (THB) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 3.35x | ฿48.81 Billion | ฿14.58 Billion | ▲ +4.3% |
| 2024 | 3.21x | ฿39.35 Billion | ฿12.26 Billion | ▲ +122.1% |
| 2023 | 1.44x | ฿28.09 Billion | ฿19.44 Billion | ▲ +40.4% |
| 2022 | 1.03x | ฿43.25 Billion | ฿42.02 Billion | ▲ +28.0% |
| 2021 | 0.80x | ฿10.50 Billion | ฿13.07 Billion | ▼ -60.0% |
| 2019 | 2.01x | ฿13.09 Billion | ฿6.52 Billion | ▲ +13.9% |
| 2018 | 1.76x | ฿18.31 Billion | ฿10.38 Billion | ▲ +29.7% |
| 2017 | 1.36x | ฿34.42 Billion | ฿25.32 Billion | ▲ +26.6% |
| 2016 | 1.07x | ฿23.18 Billion | ฿21.59 Billion | ▼ -57.7% |
| 2015 | 2.54x | ฿31.71 Billion | ฿12.50 Billion | ▲ +70.6% |
| 2013 | 1.49x | ฿16.13 Billion | ฿10.85 Billion | ▼ -18.4% |
| 2012 | 1.82x | ฿23.05 Billion | ฿12.66 Billion | ▲ +57.3% |
| 2011 | 1.16x | ฿17.60 Billion | ฿15.21 Billion | ▼ -21.2% |
| 2010 | 1.47x | ฿13.54 Billion | ฿9.21 Billion | ▲ +19.4% |
| 2009 | 1.23x | ฿15.34 Billion | ฿12.45 Billion | ▼ -91.8% |
| 2008 | 15.09x | ฿8.44 Billion | ฿559.35 Million | ▲ +1174.7% |
| 2007 | 1.18x | ฿22.70 Billion | ฿19.18 Billion | ▲ +9.7% |
| 2006 | 1.08x | ฿17.91 Billion | ฿16.60 Billion | ▼ -0.8% |
| 2005 | 1.09x | ฿20.40 Billion | ฿18.75 Billion | ▲ +16.7% |
| 2004 | 0.93x | ฿14.06 Billion | ฿15.07 Billion | ▼ -50.9% |
| 2003 | 1.90x | ฿12.82 Billion | ฿6.75 Billion | — |