The a2 Milk Company Ltd (A2M) — Cash Flow Quality Index
The a2 Milk Company Ltd (A2M) has a Cash Flow Quality Index of 0.83x as of December 2025. Operating cash flow of AU$95.20 Million is below net income of AU$114.61 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore A2M long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
The a2 Milk Company Ltd Cash Flow Quality Index (2011–2025)
Historical Cash Flow Quality Index for The a2 Milk Company Ltd across 14 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check how tangible is The a2 Milk Company Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for The a2 Milk Company Ltd (2011–2025)
Year-by-year earnings quality comparison for The a2 Milk Company Ltd. For live market cap and the full company financial profile, see A2M market cap overview.
| Year | Quality Index | Operating CF (AUD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.99x | AU$201.48 Million | AU$202.89 Million | ▼ -34.9% |
| 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 | — |