Huagong Tech Co Ltd (000988) — Cash Flow Quality Index

Latest as of September 2023: 1.83x

Huagong Tech Co Ltd (000988) has a Cash Flow Quality Index of 1.83x as of September 2023. Operating cash flow of CN¥421.23 Million exceeds net income of CN¥230.01 Million, indicating high earnings quality where cash backs reported profits. Explore 000988 debt coverage from operations to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

1.83x
Operating CF / Net Income

Operating Cash Flow

CN¥421.23 Million
CNY

Net Income

CN¥230.01 Million
CNY

Data as of

Sep 2023
Most recent filing

Huagong Tech Co Ltd Cash Flow Quality Index (2000–2024)

Historical Cash Flow Quality Index for Huagong Tech Co Ltd across 21 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 000988 cash generation efficiency.

Annual Cash Flow Quality Index for Huagong Tech Co Ltd (2000–2024)

Year-by-year earnings quality comparison for Huagong Tech Co Ltd.

Year Quality Index Operating CF (CNY) Net Income YoY Change
2024 0.60x CN¥731.88 Million CN¥1.22 Billion ▼ -59.2%
2023 1.47x CN¥1.48 Billion CN¥1.01 Billion ▲ +129.6%
2022 0.64x CN¥579.21 Million CN¥906.08 Million ▲ +463.0%
2021 0.11x CN¥86.40 Million CN¥760.98 Million ▼ -83.3%
2020 0.68x CN¥374.72 Million CN¥550.49 Million ▼ -17.2%
2019 0.82x CN¥413.25 Million CN¥502.79 Million ▲ +397.6%
2018 0.17x CN¥46.85 Million CN¥283.61 Million ▼ -45.7%
2017 0.30x CN¥98.63 Million CN¥324.16 Million ▼ -76.3%
2016 1.28x CN¥294.67 Million CN¥229.81 Million ▼ -4.9%
2015 1.35x CN¥203.31 Million CN¥150.83 Million ▲ +26.5%
2014 1.07x CN¥179.39 Million CN¥168.35 Million ▼ -36.1%
2013 1.67x CN¥88.06 Million CN¥52.82 Million ▲ +496.6%
2010 0.28x CN¥70.19 Million CN¥251.22 Million ▲ +95.1%
2009 0.14x CN¥21.55 Million CN¥150.53 Million ▼ -48.9%
2008 0.28x CN¥15.77 Million CN¥56.28 Million ▼ -32.6%
2007 0.42x CN¥18.72 Million CN¥45.01 Million ▼ -30.4%
2006 0.60x CN¥21.13 Million CN¥35.37 Million ▼ -0.7%
2005 0.60x CN¥21.10 Million CN¥35.08 Million ▲ +5.6%
2004 0.57x CN¥23.64 Million CN¥41.50 Million ▼ -2.5%
2003 0.58x CN¥22.00 Million CN¥37.67 Million ▲ +134.7%
2000 0.25x CN¥12.49 Million CN¥50.20 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.