Western Securities Co Ltd (002673) — Cash Flow Quality Index

Latest as of March 2026: -0.06x

Western Securities Co Ltd (002673) has a Cash Flow Quality Index of -0.06x as of March 2026. Operating cash flow of CN¥-16.81 Million is below net income of CN¥284.50 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Western Securities Co Ltd cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-0.06x
Operating CF / Net Income

Operating Cash Flow

CN¥-16.81 Million
CNY

Net Income

CN¥284.50 Million
CNY

Data as of

Mar 2026
Most recent filing

Western Securities Co Ltd Cash Flow Quality Index (2007–2025)

Historical Cash Flow Quality Index for Western Securities Co Ltd across 19 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 002673 cash flow conversion.

Annual Cash Flow Quality Index for Western Securities Co Ltd (2007–2025)

Year-by-year earnings quality comparison for Western Securities Co Ltd.

Year Quality Index Operating CF (CNY) Net Income YoY Change
2025 1.27x CN¥2.22 Billion CN¥1.75 Billion ▼ -85.0%
2024 8.47x CN¥12.09 Billion CN¥1.43 Billion ▲ +3835.9%
2023 0.22x CN¥250.71 Million CN¥1.17 Billion ▲ +102.0%
2022 -11.02x CN¥-4.75 Billion CN¥430.53 Million ▼ -14.5%
2021 -9.63x CN¥-13.72 Billion CN¥1.43 Billion ▼ -844.2%
2020 -1.02x CN¥-1.14 Billion CN¥1.12 Billion ▼ -121.0%
2019 4.86x CN¥3.00 Billion CN¥616.27 Million ▼ -69.1%
2018 15.72x CN¥3.17 Billion CN¥201.80 Million ▲ +366.2%
2017 -5.90x CN¥-4.45 Billion CN¥754.50 Million ▼ -25.5%
2016 -4.70x CN¥-5.24 Billion CN¥1.11 Billion ▼ -9236.9%
2015 -0.05x CN¥-99.16 Million CN¥1.97 Billion ▼ -100.9%
2014 5.88x CN¥3.88 Billion CN¥660.48 Million ▲ +219.7%
2013 -4.91x CN¥-1.35 Billion CN¥275.34 Million ▲ +28.8%
2012 -6.89x CN¥-818.23 Million CN¥118.73 Million ▲ +42.1%
2011 -11.90x CN¥-2.65 Billion CN¥222.67 Million ▼ -155.4%
2010 -4.66x CN¥-2.50 Billion CN¥537.09 Million ▼ -154.6%
2009 8.53x CN¥6.75 Billion CN¥791.36 Million ▲ +221.9%
2008 -7.00x CN¥-2.80 Billion CN¥399.80 Million ▼ -229.0%
2007 5.43x CN¥6.84 Billion CN¥1.26 Billion —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.