Changhae Ethanol Co. Ltd (004650) — Cash Flow Quality Index
Changhae Ethanol Co. Ltd (004650) has a Cash Flow Quality Index of 4.25x as of March 2026. Operating cash flow of ₩14.74 Billion exceeds net income of ₩3.47 Billion, indicating high earnings quality where cash backs reported profits. Explore cash flow to debt ratio of Changhae Ethanol Co. Ltd to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Changhae Ethanol Co. Ltd Cash Flow Quality Index (2014–2025)
Historical Cash Flow Quality Index for Changhae Ethanol Co. Ltd across 10 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 004650 cash generation efficiency.
Annual Cash Flow Quality Index for Changhae Ethanol Co. Ltd (2014–2025)
Year-by-year earnings quality comparison for Changhae Ethanol Co. Ltd.
| Year | Quality Index | Operating CF (KRW) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.53x | ₩20.34 Billion | ₩13.27 Billion | ▲ +55.6% |
| 2024 | 0.99x | ₩15.22 Billion | ₩15.45 Billion | ▼ -97.5% |
| 2022 | 40.17x | ₩3.12 Billion | ₩77.56 Million | ▲ +2995.3% |
| 2021 | 1.30x | ₩12.77 Billion | ₩9.84 Billion | ▲ +38.2% |
| 2020 | 0.94x | ₩12.21 Billion | ₩13.00 Billion | ▼ -19.2% |
| 2019 | 1.16x | ₩24.89 Billion | ₩21.39 Billion | ▼ -52.2% |
| 2018 | 2.44x | ₩9.05 Billion | ₩3.72 Billion | ▼ -53.2% |
| 2017 | 5.20x | ₩26.00 Billion | ₩5.00 Billion | ▲ +52.2% |
| 2015 | 3.42x | ₩40.12 Billion | ₩11.74 Billion | ▲ +13.4% |
| 2014 | 3.01x | ₩31.01 Billion | ₩10.29 Billion | — |