Guangdong Kingshine Electronic Tech (300903) — Cash Flow Quality Index

Latest as of September 2022: -1.32x

Guangdong Kingshine Electronic Tech (300903) has a Cash Flow Quality Index of -1.32x as of September 2022. Operating cash flow of CN¥-21.37 Million is below net income of CN¥16.19 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore 300903 operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-1.32x
Operating CF / Net Income

Operating Cash Flow

CN¥-21.37 Million
CNY

Net Income

CN¥16.19 Million
CNY

Data as of

Sep 2022
Most recent filing

Guangdong Kingshine Electronic Tech Cash Flow Quality Index (2016–2022)

Historical Cash Flow Quality Index for Guangdong Kingshine Electronic Tech across 7 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Guangdong Kingshine Electronic Tech cash flow conversion.

Annual Cash Flow Quality Index for Guangdong Kingshine Electronic Tech (2016–2022)

Year-by-year earnings quality comparison for Guangdong Kingshine Electronic Tech.

Year Quality Index Operating CF (CNY) Net Income YoY Change
2022 -1.59x CN¥-73.83 Million CN¥46.53 Million ▼ -5799.8%
2021 -0.03x CN¥-1.91 Million CN¥70.97 Million ▼ -103.2%
2020 0.84x CN¥88.37 Million CN¥105.03 Million ▼ -13.0%
2019 0.97x CN¥72.51 Million CN¥74.96 Million ▼ -25.1%
2018 1.29x CN¥66.27 Million CN¥51.33 Million ▲ +258.9%
2017 -0.81x CN¥-51.04 Million CN¥62.80 Million ▼ -139.4%
2016 2.06x CN¥82.52 Million CN¥40.00 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.