Ray Sigorta AS (RAYSG) — Cash Flow Quality Index
Latest as of June 2023:
-1.11x
Ray Sigorta AS (RAYSG) has a Cash Flow Quality Index of -1.11x as of June 2023. Operating cash flow of TL-253.27 Million is below net income of TL228.03 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Ray Sigorta AS cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
-1.11x
Operating CF / Net Income
Operating Cash Flow
TL-253.27 Million
TRY
Net Income
TL228.03 Million
TRY
Data as of
Jun 2023
Most recent filing
Ray Sigorta AS Cash Flow Quality Index (2014–2022)
Historical Cash Flow Quality Index for Ray Sigorta AS across 8 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see RAYSG cash flow conversion.
Annual Cash Flow Quality Index for Ray Sigorta AS (2014–2022)
Year-by-year earnings quality comparison for Ray Sigorta AS.
| Year | Quality Index | Operating CF (TRY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2022 | 6.19x | TL1.11 Billion | TL179.72 Million | ▲ +752.8% |
| 2021 | -0.95x | TL-64.81 Million | TL68.32 Million | ▼ -145.5% |
| 2020 | 2.09x | TL122.92 Million | TL58.92 Million | ▼ -8.2% |
| 2019 | 2.27x | TL113.82 Million | TL50.08 Million | ▲ +919.3% |
| 2018 | 0.22x | TL6.33 Million | TL28.39 Million | ▼ -88.1% |
| 2017 | 1.88x | TL40.00 Million | TL21.28 Million | ▼ -36.3% |
| 2016 | 2.95x | TL97.12 Million | TL32.89 Million | ▼ -49.4% |
| 2014 | 5.84x | TL13.88 Million | TL2.38 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.