First Tractor Co Ltd Cash Flow Quality Index
First Tractor Co Ltd 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 First Tractor Co Ltd (601038) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of First Tractor Co Ltd (2004–2025)
Cash flow quality index of First Tractor Co Ltd from 2004 to 2025. Historical Cash Flow Quality Index for First Tractor Co Ltd across 19 annual periods. Values consistently above 1.0x indicate high-quality earnings. See 601038 net asset quality score to measure how much of total assets are equity-financed.
First Tractor Co Ltd Cash Flow Quality Index by Year (2004–2025)
First Tractor Co Ltd cash flow quality index by year from 2004 to 2025. Year-by-year earnings quality comparison for First Tractor Co Ltd. For the full cash flow conversion analysis, see how efficiently does First Tractor Co Ltd generate cash.
| 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 | — |