Erayak Power Solution Group Inc. Class A Ordinary Shares Cash Flow Quality Index
Erayak Power Solution Group Inc. Class A Ordinary Shares cash flow quality index. Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) has a Cash Flow Quality Index of 1.71x as of December 2023. Operating cash flow of $1.28 Million exceeds net income of $743.54K, indicating high earnings quality where cash backs reported profits. See financial flexibility index of Erayak Power Solution Group Inc. Class A to measure the company's free cash flow as a share of total liabilities.
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Cash Flow Quality Index of Erayak Power Solution Group Inc. Class A Ordinary Shares (2019–2023)
Cash flow quality index of Erayak Power Solution Group Inc. Class A Ordinary Shares from 2019 to 2023. Historical Cash Flow Quality Index for Erayak Power Solution Group Inc. Class A Ordinary Shares across 5 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore Erayak Power Solution Group Inc. Class A cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Erayak Power Solution Group Inc. Class A Ordinary Shares Cash Flow Quality Index by Year (2019–2023)
Erayak Power Solution Group Inc. Class A Ordinary Shares cash flow quality index by year from 2019 to 2023. Year-by-year earnings quality comparison for Erayak Power Solution Group Inc. Class A Ordinary Shares. For the full cash flow conversion analysis, see Erayak Power Solution Group Inc. Class A (RAYA) cash flow conversion.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2023 | 5.52x | $6.73 Million | $1.22 Million | ▲ +562.4% |
| 2022 | -1.19x | $-4.15 Million | $3.48 Million | ▼ -187.3% |
| 2021 | 1.37x | $4.64 Million | $3.39 Million | ▲ +138.2% |
| 2020 | -3.58x | $-7.93 Million | $2.21 Million | ▼ -738.6% |
| 2019 | 0.56x | $533.41K | $951.18K | — |