The a2 Milk Company Ltd (A2M) — Cash Flow Quality Index
The a2 Milk Company Ltd (A2M) has a Cash Flow Quality Index of 0.40x as of June 2026. Operating cash flow of AU$37.93 Million is below net income of AU$95.29 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore The a2 Milk Company Ltd (A2M) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
The a2 Milk Company Ltd Cash Flow Quality Index (2011–2026)
Historical Cash Flow Quality Index for The a2 Milk Company Ltd across 15 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see The a2 Milk Company Ltd cash flow conversion.
Annual Cash Flow Quality Index for The a2 Milk Company Ltd (2011–2026)
Year-by-year earnings quality comparison for The a2 Milk Company Ltd.
| Year | Quality Index | Operating CF (AUD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 0.64x | AU$133.04 Million | AU$207.33 Million | ▼ -40.2% |
| 2025 | 1.07x | AU$201.48 Million | AU$187.88 Million | ▼ -29.7% |
| 2024 | 1.53x | AU$255.74 Million | AU$167.58 Million | ▲ +113.4% |
| 2023 | 0.72x | AU$111.28 Million | AU$155.64 Million | ▼ -38.1% |
| 2022 | 1.15x | AU$141.55 Million | AU$122.62 Million | ▲ +4.1% |
| 2021 | 1.11x | AU$89.42 Million | AU$80.66 Million | ▲ +0.1% |
| 2020 | 1.11x | AU$427.41 Million | AU$385.84 Million | ▲ +10.3% |
| 2019 | 1.00x | AU$289.07 Million | AU$287.74 Million | ▼ -14.9% |
| 2018 | 1.18x | AU$231.11 Million | AU$195.68 Million | ▲ +7.1% |
| 2017 | 1.10x | AU$99.94 Million | AU$90.65 Million | ▲ +56.3% |
| 2016 | 0.71x | AU$21.47 Million | AU$30.44 Million | ▼ -98.4% |
| 2014 | 43.50x | AU$435.00K | AU$10.00K | ▲ +4814.2% |
| 2013 | 0.89x | AU$3.65 Million | AU$4.12 Million | ▲ +4331.0% |
| 2012 | 0.02x | AU$88.00K | AU$4.41 Million | ▼ -97.1% |
| 2011 | 0.68x | AU$1.44 Million | AU$2.12 Million | — |