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. Check earnings quality score of Thai Oil Public Company Limited to evaluate the quality of earnings relative to operating cash generation.
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. Explore TOP long-term investment intensity to see how much of total assets are deployed in long-term investments.
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. For live market cap and broader valuation context, see TOP market cap.
| 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 | — |