Thai Oil Public Company Limited (TOP) — Cash Flow Reinvestment Rate
Thai Oil Public Company Limited (TOP) has a Cash Flow Reinvestment Rate of 0.20x as of December 2025, reinvesting ฿5.16 Billion (capex ฿4.29 Billion plus investments ฿-874.90 Million) from operating cash flow of ฿26.09 Billion. See TOP free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Thai Oil Public Company Limited Cash Flow Reinvestment Rate (2003–2025)
Historical reinvestment intensity for Thai Oil Public Company Limited across 23 annual periods. For the full cash flow conversion analysis, see Thai Oil Public Company Limited operating cash flow efficiency.
Annual Cash Flow Reinvestment Rate for Thai Oil Public Company Limited (2003–2025)
Year-by-year capital reinvestment analysis for Thai Oil Public Company Limited. See Thai Oil Public Company Limited financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (THB) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.31x | ฿15.20 Billion | ฿48.81 Billion | ฿10.70 Billion | ▼ -48.0% |
| 2024 | 0.60x | ฿23.56 Billion | ฿39.35 Billion | ฿9.56 Billion | ▼ -47.3% |
| 2023 | 1.14x | ฿31.90 Billion | ฿28.09 Billion | ฿14.60 Billion | ▼ -9.0% |
| 2022 | 1.25x | ฿54.00 Billion | ฿43.25 Billion | ฿32.11 Billion | ▼ -71.5% |
| 2021 | 4.38x | ฿46.02 Billion | ฿10.50 Billion | ฿35.44 Billion | ▼ -78.2% |
| 2020 | 20.13x | ฿49.01 Billion | ฿2.43 Billion | ฿48.69 Billion | ▲ +237.7% |
| 2019 | 5.96x | ฿78.02 Billion | ฿13.09 Billion | ฿27.75 Billion | ▲ +306.5% |
| 2018 | 1.47x | ฿26.86 Billion | ฿18.31 Billion | ฿7.99 Billion | ▲ +63.7% |
| 2017 | 0.90x | ฿30.84 Billion | ฿34.42 Billion | ฿4.60 Billion | ▼ -18.1% |
| 2016 | 1.09x | ฿25.37 Billion | ฿23.18 Billion | ฿7.02 Billion | ▲ +45.8% |
| 2015 | 0.75x | ฿23.80 Billion | ฿31.71 Billion | ฿10.91 Billion | ▼ -10.7% |
| 2014 | 0.84x | ฿20.54 Billion | ฿24.43 Billion | ฿18.77 Billion | ▼ -48.4% |
| 2013 | 1.63x | ฿26.27 Billion | ฿16.13 Billion | ฿12.73 Billion | ▲ +480.7% |
| 2012 | 0.28x | ฿6.46 Billion | ฿23.05 Billion | ฿6.46 Billion | ▲ +21.2% |
| 2011 | 0.23x | ฿4.07 Billion | ฿17.60 Billion | ฿4.07 Billion | ▼ -5.4% |
| 2010 | 0.24x | ฿3.31 Billion | ฿13.54 Billion | ฿3.31 Billion | ▲ +172.9% |
| 2009 | 0.09x | ฿1.37 Billion | ฿15.34 Billion | ฿1.37 Billion | ▼ -89.1% |
| 2008 | 0.82x | ฿6.94 Billion | ฿8.44 Billion | ฿6.94 Billion | ▲ +10.2% |
| 2007 | 0.75x | ฿16.95 Billion | ฿22.70 Billion | ฿16.95 Billion | ▲ +142262.8% |
| 2006 | 0.00x | ฿9.39 Million | ฿17.91 Billion | ฿9.39 Million | ▲ +28.0% |
| 2005 | 0.00x | ฿8.36 Million | ฿20.40 Billion | ฿8.36 Million | ▼ -71.4% |
| 2004 | 0.00x | ฿20.14 Million | ฿14.06 Billion | ฿20.14 Million | — |
| 2003 | 0.00x | ฿0.00 | ฿12.82 Billion | ฿0.00 | — |