Thai Oil Public Company Limited (TOP) - Total Assets

Latest as of December 2025: ฿427.28 Billion THB ≈ $13.32 Billion USD

Based on the latest financial reports, Thai Oil Public Company Limited (TOP) holds total assets worth ฿427.28 Billion THB (≈ $13.32 Billion USD) as of December 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See shareholders equity of Thai Oil Public Company Limited for net asset value and shareholders' equity analysis.

Thai Oil Public Company Limited - Total Assets Trend (2003–2025)

This chart illustrates how Thai Oil Public Company Limited's total assets have evolved over time, based on quarterly financial data.

Thai Oil Public Company Limited - Asset Composition Analysis

Current Asset Composition (December 2025)

Thai Oil Public Company Limited's total assets of ฿427.28 Billion consist of 30.5% current assets and 69.5% non-current assets.

Asset Category	Amount (THB)	% of Total Assets
Cash & Equivalents	฿0.00	14.6%
Accounts Receivable	฿23.69 Billion	5.5%
Inventory	฿32.10 Billion	7.5%
Property, Plant & Equipment	฿0.00	0.0%
Intangible Assets	฿2.44 Billion	0.6%
Goodwill	฿745.28 Million	0.2%

Asset Composition Trend (2003–2025)

This chart illustrates how Thai Oil Public Company Limited's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see Thai Oil Public Company Limited market cap and net worth.

Show as percentage

Key Asset Composition Facts

Current vs. Non-Current Assets: Thai Oil Public Company Limited's current assets represent 30.5% of total assets in 2025, an increase from 29.1% in 2003.
Cash Position: Cash and equivalents constituted 14.6% of total assets in 2025, up from 7.0% in 2003.
Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2003.
Asset Diversification: The largest asset category is inventory at 7.5% of total assets.

Thai Oil Public Company Limited Competitors by Total Assets

Key competitors of Thai Oil Public Company Limited based on total assets are shown below.

Company	Country	Total Assets
HY Energy Group Co Ltd SHG:600387	China	CN¥3.69 Billion
Refinaria de Petróleos de Manguinhos S.A SA:RPMG3	Brazil	R$10.29 Billion
Ampol Ltd AU:ALD	Australia	AU$12.21 Billion
Viva Energy Group Ltd AU:VEA	Australia	AU$12.57 Billion
Ultrapar Participações S.A SA:UGPA3	Brazil	R$45.56 Billion
Cosan S.A SA:CSAN3	Brazil	R$125.74 Billion
Parkland Fuel Corporation TO:PKI	Canada	CA$13.62 Billion
ReGen III Corp V:GIII	Canada	CA$518.30K

Thai Oil Public Company Limited - Liquidity and Working Capital Analysis

Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.

Key Liquidity Metrics

Metric	Current	1 Year Ago	5 Years Ago
Current Ratio	1.44	1.66	4.10
Quick Ratio	1.09	1.06	2.95
Cash Ratio	0.00	0.00	0.00
Working Capital	฿39.91 Billion	฿44.56 Billion	฿77.94 Billion

Thai Oil Public Company Limited - Advanced Valuation Insights

This section examines the relationship between Thai Oil Public Company Limited's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.

Key Valuation Metrics

Current Price-to-Book Ratio	0.67
Latest Market Cap to Assets Ratio	0.01
Asset Growth Rate (YoY)	4.5%
Total Assets	฿427.28 Billion
Market Capitalization	$3.34 Billion USD

Valuation Analysis

Below Book Valuation: The market values Thai Oil Public Company Limited's assets below their book value (0.01x), which may indicate investor concerns about asset quality or future growth.

Positive Asset Growth: Thai Oil Public Company Limited's assets grew by 4.5% over the past year, showing continued investment in the company's operational capacity.

Annual Total Assets for Thai Oil Public Company Limited (2003–2025)

The table below shows the annual total assets of Thai Oil Public Company Limited from 2003 to 2025.

Year	Total Assets	Change
2025-12-31	฿427.28 Billion ≈ $13.32 Billion	+4.47%
2024-12-31	฿409.01 Billion ≈ $12.75 Billion	-2.61%
2023-12-31	฿419.99 Billion ≈ $13.09 Billion	-5.53%
2022-12-31	฿444.58 Billion ≈ $13.86 Billion	+22.76%
2021-12-31	฿362.14 Billion ≈ $11.29 Billion	+18.28%
2020-12-31	฿306.19 Billion ≈ $9.54 Billion	+8.02%
2019-12-31	฿283.44 Billion ≈ $8.83 Billion	+5.52%
2018-12-31	฿268.61 Billion ≈ $8.37 Billion	+17.76%
2017-12-31	฿228.11 Billion ≈ $7.11 Billion	+4.77%
2016-12-31	฿217.73 Billion ≈ $6.79 Billion	+13.30%
2015-12-31	฿192.17 Billion ≈ $5.99 Billion	-0.33%
2014-12-31	฿192.80 Billion ≈ $6.01 Billion	-7.54%
2013-12-31	฿208.52 Billion ≈ $6.50 Billion	+22.17%
2012-12-31	฿170.68 Billion ≈ $5.32 Billion	+10.05%
2011-12-31	฿155.09 Billion ≈ $4.83 Billion	+5.78%
2010-12-31	฿146.61 Billion ≈ $4.57 Billion	+6.43%
2009-12-31	฿137.74 Billion ≈ $4.29 Billion	+3.69%
2008-12-31	฿132.84 Billion ≈ $4.14 Billion	-3.08%
2007-12-31	฿137.06 Billion ≈ $4.27 Billion	+9.93%
2006-12-31	฿124.68 Billion ≈ $3.89 Billion	+0.41%
2005-12-31	฿124.17 Billion ≈ $3.87 Billion	+7.57%
2004-12-31	฿115.43 Billion ≈ $3.60 Billion	+13.24%
2003-12-31	฿101.94 Billion ≈ $3.18 Billion	--

About Thai Oil Public Company Limited

BK:TOP Thailand Oil & Gas Refining & Marketing

Market Cap

$3.34 Billion

฿107.22 Billion THB

Market Cap Rank

#4618 Global

#26 in Thailand

Share Price

฿48.00

Change (1 day)

-2.04%

52-Week Range

฿25.25 - ฿55.25

All Time High

฿83.44