Thai Oil Public Co. Ltd.(TH:TOP)
฿59.00+2.50 (+4.42%)
TH:TOP
Thai Oil Public Co. Ltd. financials statements
฿59.00
At close:+2.50 (+4.42%)
Thai Oil Public Co. Ltd. (TOP) Ratios
Thai Oil Public Co. Ltd. Ratios
TH:TOP's free cash flow for Q2 2026 was ฿-25.14B. For the 2026 fiscal year, TH:TOP's free cash flow was decreased by ฿-5.33B and operating cash flow was ฿-19.81B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.44 | 1.66 | 1.71 | 1.48 | 2.63 |
| Quick Ratio | 1.09 | 1.06 | 0.99 | 0.95 | 1.60 |
| Cash Ratio | 0.69 | 0.43 | 0.39 | 0.42 | 0.77 |
| Solvency Ratio | 0.10 | 0.07 | 0.11 | 0.14 | 0.08 |
| Operating Cash Flow Ratio | 0.54 | 0.58 | 0.38 | 0.42 | 0.27 |
| Short-Term Operating Cash Flow Coverage | 12.73 | 4.98 | 2.11 | 1.96 | 2.04 |
| Net Current Asset Value | ฿ -103.95B | ฿ -130.60B | ฿ -126.31B | ฿ -132.10B | ฿ -137.81B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.31 | 0.43 | 0.44 | 0.44 | 0.55 |
| Debt-to-Equity Ratio | 0.78 | 1.07 | 1.11 | 1.26 | 1.64 |
| Debt-to-Capital Ratio | 0.44 | 0.52 | 0.53 | 0.56 | 0.62 |
| Long-Term Debt-to-Capital Ratio | 0.39 | 0.47 | 0.48 | 0.49 | 0.60 |
| Financial Leverage Ratio | 2.48 | 2.50 | 2.54 | 2.85 | 3.00 |
| Debt Service Coverage Ratio | 3.57 | 1.62 | 1.81 | 1.74 | 2.57 |
| Interest Coverage Ratio | 5.80 | 4.03 | 6.93 | 11.89 | 7.01 |
| Debt to Market Cap | 1.44 | 2.45 | 1.37 | 1.51 | 1.82 |
| Interest Debt Per Share | 61.41 | 79.86 | 84.29 | 97.79 | 98.89 |
| Net Debt to EBITDA | 2.51 | 6.73 | 4.31 | 2.82 | 6.89 |
| Profitability Margins | |||||
| Gross Profit Margin | 3.13% | 3.68% | 7.05% | 4.86% | 4.85% |
| EBIT Margin | 5.14% | 2.96% | 6.04% | 9.17% | 5.07% |
| EBITDA Margin | 7.18% | 4.74% | 7.70% | 10.71% | 7.28% |
| Operating Profit Margin | 5.14% | 3.58% | 6.04% | 9.07% | 7.50% |
| Pretax Profit Margin | 4.25% | 2.69% | 5.17% | 8.31% | 4.50% |
| Net Profit Margin | 3.70% | 2.18% | 4.14% | 6.46% | 3.75% |
| Continuous Operations Profit Margin | 3.71% | 2.19% | 4.17% | 6.65% | 3.89% |
| Net Income Per EBT | 86.97% | 81.20% | 80.16% | 77.74% | 83.30% |
| EBT Per EBIT | 82.76% | 75.17% | 85.58% | 91.59% | 59.96% |
| Return on Assets (ROA) | 3.41% | 2.43% | 4.63% | 7.35% | 3.47% |
| Return on Equity (ROE) | 8.48% | 6.09% | 11.74% | 20.94% | 10.41% |
| Return on Capital Employed (ROCE) | 6.01% | 4.78% | 8.18% | 13.46% | 7.78% |
| Return on Invested Capital (ROIC) | 5.17% | 3.79% | 6.34% | 9.92% | 6.60% |
| Return on Tangible Assets | 3.44% | 2.45% | 4.67% | 7.40% | 3.53% |
| Earnings Yield | 18.13% | 15.78% | 16.34% | 28.38% | 12.52% |
| Efficiency Ratios | |||||
| Receivables Turnover | 13.96 | 15.19 | 13.25 | 10.01 | 11.23 |
| Payables Turnover | 5.00 | 8.72 | 8.69 | 6.49 | 13.89 |
| Inventory Turnover | 11.90 | 11.09 | 8.28 | 8.69 | 8.07 |
| Fixed Asset Turnover | 1.65 | 1.86 | 1.95 | 2.19 | 1.72 |
| Asset Turnover | 0.92 | 1.11 | 1.12 | 1.14 | 0.93 |
| Working Capital Turnover Ratio | 9.34 | 9.45 | 9.20 | 8.96 | 4.53 |
| Cash Conversion Cycle | -16.16 | 15.11 | 29.62 | 22.21 | 51.42 |
| Days of Sales Outstanding | 26.15 | 24.03 | 27.56 | 36.48 | 32.49 |
| Days of Inventory Outstanding | 30.67 | 32.91 | 44.06 | 41.98 | 45.20 |
| Days of Payables Outstanding | 72.99 | 41.84 | 42.00 | 56.25 | 26.27 |
| Operating Cycle | 56.83 | 56.94 | 71.62 | 78.46 | 77.70 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 21.85 | 17.62 | 12.57 | 21.13 | 5.15 |
| Free Cash Flow Per Share | 17.06 | 13.34 | 6.04 | 5.44 | -12.22 |
| Dividend Paid and CapEx Coverage Ratio | 3.47 | 2.14 | 1.42 | 1.06 | 0.28 |
| Capital Expenditure Coverage Ratio | 4.56 | 4.12 | 1.92 | 1.35 | 0.30 |
| Operating Cash Flow Coverage Ratio | 0.37 | 0.23 | 0.15 | 0.22 | 0.05 |
| Operating Cash Flow to Sales Ratio | 0.12 | 0.09 | 0.06 | 0.09 | 0.03 |
| Free Cash Flow Yield | 47.39% | 47.22% | 11.34% | 9.68% | -24.81% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 5.51 | 6.33 | 6.12 | 3.52 | 7.98 |
| Price-to-Sales (P/S) Ratio | 0.20 | 0.14 | 0.25 | 0.23 | 0.30 |
| Price-to-Book (P/B) Ratio | 0.47 | 0.39 | 0.72 | 0.74 | 0.83 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 2.11 | 2.12 | 8.82 | 10.33 | -4.03 |
| Price-to-Operating Cash Flow Ratio | 1.65 | 1.60 | 4.24 | 2.66 | 9.57 |
| Price-to-Earnings Growth (PEG) Ratio | 0.12 | -0.13 | -0.13 | 0.02 | -0.01 |
| Enterprise Value Multiple | 5.35 | 9.65 | 7.60 | 4.95 | 11.00 |
| Enterprise Value | 151.55B | 208.42B | 274.74B | 267.80B | 268.94B |
| EV to EBITDA | 5.35 | 9.65 | 7.60 | 4.95 | 11.00 |
| EV to Sales | 0.38 | 0.46 | 0.59 | 0.53 | 0.80 |
| EV to Free Cash Flow | 3.98 | 6.99 | 20.37 | 24.03 | -10.79 |
| EV to Operating Cash Flow | 3.10 | 5.30 | 9.78 | 6.19 | 25.60 |
| Tangible Book Value Per Share | 84.98 | 72.93 | 73.90 | 75.89 | 57.51 |
| Shareholders’ Equity Per Share | 76.97 | 73.16 | 74.11 | 76.25 | 59.26 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.13 | 0.19 | 0.19 | 0.21 | 0.13 |
| Revenue Per Share | 176.52 | 204.05 | 210.05 | 247.11 | 164.62 |
| Net Income Per Share | 6.53 | 4.46 | 8.70 | 15.96 | 6.17 |
| Tax Burden | 0.87 | 0.81 | 0.80 | 0.78 | 0.83 |
| Interest Burden | 0.83 | 0.91 | 0.86 | 0.91 | 0.89 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 2.91 | 3.21 | 1.44 | 1.03 | 0.80 |
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