First Tractor Co Ltd (601038) — Cash Flow Quality Index
First Tractor Co Ltd (601038) has a Cash Flow Quality Index of 3.18x as of September 2025. Operating cash flow of CN¥716.55 Million exceeds net income of CN¥225.15 Million, indicating high earnings quality where cash backs reported profits. Explore 601038 long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
First Tractor Co Ltd Cash Flow Quality Index (2004–2025)
Historical Cash Flow Quality Index for First Tractor Co Ltd across 19 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check 601038 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for First Tractor Co Ltd (2004–2025)
Year-by-year earnings quality comparison for First Tractor Co Ltd. For live market cap and the full company financial profile, see First Tractor Co Ltd market cap and net worth.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.30x | CN¥1.06 Billion | CN¥811.95 Million | ▼ -1.4% |
| 2024 | 1.32x | CN¥1.22 Billion | CN¥922.02 Million | ▲ +24.5% |
| 2023 | 1.06x | CN¥1.06 Billion | CN¥997.02 Million | ▼ -80.0% |
| 2022 | 5.29x | CN¥3.60 Billion | CN¥681.05 Million | ▲ +298.0% |
| 2021 | 1.33x | CN¥582.28 Million | CN¥438.21 Million | ▼ -70.1% |
| 2020 | 4.44x | CN¥1.25 Billion | CN¥280.96 Million | ▲ +130.1% |
| 2017 | -14.75x | CN¥-556.31 Million | CN¥37.71 Million | ▼ -259.2% |
| 2016 | 9.27x | CN¥2.09 Billion | CN¥225.89 Million | ▲ +102.0% |
| 2015 | 4.59x | CN¥637.80 Million | CN¥139.05 Million | ▲ +906.1% |
| 2014 | 0.46x | CN¥74.87 Million | CN¥164.23 Million | ▲ +190.5% |
| 2013 | -0.50x | CN¥-131.90 Million | CN¥261.73 Million | ▼ -137.6% |
| 2012 | 1.34x | CN¥555.13 Million | CN¥414.48 Million | ▲ +32.1% |
| 2011 | 1.01x | CN¥463.70 Million | CN¥457.50 Million | ▲ +4.9% |
| 2010 | 0.97x | CN¥543.23 Million | CN¥562.05 Million | ▼ -18.1% |
| 2009 | 1.18x | CN¥338.32 Million | CN¥286.61 Million | ▼ -65.3% |
| 2008 | 3.40x | CN¥329.80 Million | CN¥97.00 Million | ▲ +839.2% |
| 2007 | 0.36x | CN¥86.09 Million | CN¥237.80 Million | ▼ -86.9% |
| 2006 | 2.77x | CN¥242.18 Million | CN¥87.47 Million | ▲ +123.4% |
| 2004 | -11.85x | CN¥-282.12 Million | CN¥23.81 Million | — |