Forth Smart Service Public Company Limited (FSMART) — Cash Flow Quality Index
Forth Smart Service Public Company Limited (FSMART) has a Cash Flow Quality Index of 0.91x as of December 2025. Operating cash flow of ฿126.96 Million is below net income of ฿138.82 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore FSMART operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Forth Smart Service Public Company Limited Cash Flow Quality Index (2012–2025)
Historical Cash Flow Quality Index for Forth Smart Service Public Company Limited across 14 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Forth Smart Service Public Company Limit cash flow conversion.
Annual Cash Flow Quality Index for Forth Smart Service Public Company Limited (2012–2025)
Year-by-year earnings quality comparison for Forth Smart Service Public Company Limited.
| Year | Quality Index | Operating CF (THB) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.82x | ฿479.67 Million | ฿586.78 Million | ▲ +284.6% |
| 2024 | -0.44x | ฿-241.12 Million | ฿544.60 Million | ▼ -129.1% |
| 2023 | 1.52x | ฿550.56 Million | ฿362.19 Million | ▼ -6.2% |
| 2022 | 1.62x | ฿601.25 Million | ฿370.85 Million | ▼ -23.7% |
| 2021 | 2.13x | ฿1.03 Billion | ฿482.88 Million | ▲ +3.2% |
| 2020 | 2.06x | ฿1.06 Billion | ฿512.71 Million | ▲ +40.6% |
| 2019 | 1.46x | ฿968.07 Million | ฿660.86 Million | ▼ -9.6% |
| 2018 | 1.62x | ฿1.07 Billion | ฿658.03 Million | ▼ -10.9% |
| 2017 | 1.82x | ฿1.11 Billion | ฿607.53 Million | ▲ +12.9% |
| 2016 | 1.61x | ฿772.82 Million | ฿479.20 Million | ▼ -12.8% |
| 2015 | 1.85x | ฿628.94 Million | ฿340.26 Million | ▲ +16.7% |
| 2014 | 1.58x | ฿306.12 Million | ฿193.34 Million | ▼ -36.2% |
| 2013 | 2.48x | ฿296.67 Million | ฿119.53 Million | ▼ -83.7% |
| 2012 | 15.19x | ฿100.70 Million | ฿6.63 Million | — |