Merafe (MRF) — Cash Flow Quality Index
Merafe (MRF) has a Cash Flow Quality Index of -0.69x as of June 2025. Operating cash flow of ZAC-159.96 Million is below net income of ZAC233.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore how efficiently does Merafe generate cash to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Merafe Cash Flow Quality Index (2004–2024)
Historical Cash Flow Quality Index for Merafe across 18 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Merafe (MRF) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Merafe (2004–2024)
Year-by-year earnings quality comparison for Merafe. For live market cap and the full company financial profile, see Merafe (MRF) market capitalisation.
| Year | Quality Index | Operating CF (ZAC) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 2.01x | ZAC1.78 Billion | ZAC886.35 Million | ▲ +87.0% |
| 2023 | 1.07x | ZAC1.88 Billion | ZAC1.75 Billion | ▲ +23.1% |
| 2022 | 0.87x | ZAC1.70 Billion | ZAC1.95 Billion | ▲ +75.3% |
| 2021 | 0.50x | ZAC1.16 Billion | ZAC2.33 Billion | ▼ -1.9% |
| 2018 | 0.51x | ZAC478.50 Million | ZAC944.48 Million | ▼ -53.8% |
| 2017 | 1.10x | ZAC1.40 Billion | ZAC1.28 Billion | ▲ +62.5% |
| 2016 | 0.67x | ZAC501.51 Million | ZAC743.95 Million | ▼ -66.2% |
| 2015 | 1.99x | ZAC955.68 Million | ZAC479.17 Million | ▲ +95.9% |
| 2014 | 1.02x | ZAC306.06 Million | ZAC300.63 Million | ▼ -39.9% |
| 2013 | 1.69x | ZAC486.61 Million | ZAC287.38 Million | ▼ -49.7% |
| 2012 | 3.37x | ZAC257.05 Million | ZAC76.35 Million | ▲ +134.0% |
| 2011 | 1.44x | ZAC295.12 Million | ZAC205.15 Million | ▲ +129.0% |
| 2010 | 0.63x | ZAC245.82 Million | ZAC391.28 Million | ▲ +5.4% |
| 2008 | 0.60x | ZAC875.87 Million | ZAC1.47 Billion | ▼ -53.0% |
| 2007 | 1.27x | ZAC304.62 Million | ZAC240.11 Million | ▲ +237.9% |
| 2006 | -0.92x | ZAC-128.03 Million | ZAC139.14 Million | ▼ -173.7% |
| 2005 | 1.25x | ZAC52.07 Million | ZAC41.71 Million | ▲ +8010.3% |
| 2004 | 0.02x | ZAC319.00K | ZAC20.72 Million | — |