Mi Chang Oil (003650) — Cash Flow Quality Index

Latest as of March 2026: 1.20x

Mi Chang Oil (003650) has a Cash Flow Quality Index of 1.20x as of March 2026. Operating cash flow of ₩20.35 Billion exceeds net income of ₩16.94 Billion, indicating high earnings quality where cash backs reported profits. Explore Mi Chang Oil cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

1.20x
Operating CF / Net Income

Operating Cash Flow

₩20.35 Billion
KRW

Net Income

₩16.94 Billion
KRW

Data as of

Mar 2026
Most recent filing

Mi Chang Oil Cash Flow Quality Index (2009–2025)

Historical Cash Flow Quality Index for Mi Chang Oil across 17 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Mi Chang Oil cash flow conversion.

Annual Cash Flow Quality Index for Mi Chang Oil (2009–2025)

Year-by-year earnings quality comparison for Mi Chang Oil.

Year Quality Index Operating CF (KRW) Net Income YoY Change
2025 0.59x ₩40.34 Billion ₩68.87 Billion ▲ +30.0%
2024 0.45x ₩23.71 Billion ₩52.63 Billion ▼ -60.3%
2023 1.14x ₩54.10 Billion ₩47.65 Billion ▲ +73.3%
2022 0.66x ₩15.32 Billion ₩23.38 Billion ▲ +42.5%
2021 0.46x ₩15.24 Billion ₩33.14 Billion ▼ -76.3%
2020 1.94x ₩38.16 Billion ₩19.68 Billion ▲ +430.9%
2019 0.37x ₩6.48 Billion ₩17.73 Billion ▼ -67.6%
2018 1.13x ₩12.09 Billion ₩10.72 Billion ▲ +415.3%
2017 -0.36x ₩-4.46 Billion ₩12.47 Billion ▼ -138.4%
2016 0.93x ₩28.60 Billion ₩30.73 Billion ▼ -41.8%
2015 1.60x ₩40.17 Billion ₩25.10 Billion ▼ -12.6%
2014 1.83x ₩29.25 Billion ₩15.98 Billion ▲ +49.2%
2013 1.23x ₩21.39 Billion ₩17.44 Billion ▲ +27.6%
2012 0.96x ₩23.71 Billion ₩24.67 Billion ▲ +806.7%
2011 -0.14x ₩-2.84 Billion ₩20.91 Billion ▼ -140.9%
2010 0.33x ₩7.21 Billion ₩21.71 Billion ▼ -65.6%
2009 0.96x ₩24.38 Billion ₩25.27 Billion —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.