TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) — Cash Flow Quality Index

Latest as of September 2023: 0.43x

TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) has a Cash Flow Quality Index of 0.43x as of September 2023. Operating cash flow of CN¥717.94 Million is below net income of CN¥1.65 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore 002129 debt coverage from operations to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

0.43x
Operating CF / Net Income

Operating Cash Flow

CN¥717.94 Million
CNY

Net Income

CN¥1.65 Billion
CNY

Data as of

Sep 2023
Most recent filing

TCL Zhonghuan Renewable Energy Technology Co Ltd Cash Flow Quality Index (2004–2023)

Historical Cash Flow Quality Index for TCL Zhonghuan Renewable Energy Technology Co Ltd across 18 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 002129 operating cash flow.

Annual Cash Flow Quality Index for TCL Zhonghuan Renewable Energy Technology Co Ltd (2004–2023)

Year-by-year earnings quality comparison for TCL Zhonghuan Renewable Energy Technology Co Ltd.

Year Quality Index Operating CF (CNY) Net Income YoY Change
2023 1.52x CN¥5.18 Billion CN¥3.42 Billion ▲ +112.1%
2022 0.71x CN¥5.06 Billion CN¥7.07 Billion ▼ -25.9%
2021 0.97x CN¥4.28 Billion CN¥4.44 Billion ▼ -63.2%
2020 2.63x CN¥2.86 Billion CN¥1.09 Billion ▲ +32.1%
2019 1.99x CN¥2.51 Billion CN¥1.26 Billion ▼ -26.4%
2018 2.70x CN¥1.71 Billion CN¥632.26 Million ▲ +50.1%
2017 1.80x CN¥1.05 Billion CN¥584.54 Million ▼ -11.3%
2016 2.03x CN¥819.18 Million CN¥403.89 Million ▼ -48.5%
2015 3.94x CN¥795.50 Million CN¥202.08 Million ▲ +116.3%
2014 1.82x CN¥239.34 Million CN¥131.52 Million ▼ -54.0%
2013 3.95x CN¥304.70 Million CN¥77.07 Million ▲ +578.9%
2011 -0.83x CN¥-185.05 Million CN¥224.13 Million ▼ -357.3%
2010 0.32x CN¥36.39 Million CN¥113.37 Million ▼ -62.2%
2008 0.85x CN¥136.79 Million CN¥160.97 Million ▼ -58.0%
2007 2.02x CN¥208.58 Million CN¥103.07 Million ▲ +119.7%
2006 0.92x CN¥87.55 Million CN¥95.04 Million ▲ +374.2%
2005 -0.34x CN¥-20.05 Million CN¥59.67 Million ▼ -205.6%
2004 0.32x CN¥18.95 Million CN¥59.58 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.