Three Stars NM (603578) — Cash Flow Quality Index
Latest as of March 2025:
9.56x
Three Stars NM (603578) has a Cash Flow Quality Index of 9.56x as of March 2025. Operating cash flow of CN¥98.40 Million exceeds net income of CN¥10.30 Million, indicating high earnings quality where cash backs reported profits. Explore 603578 cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
9.56x
Operating CF / Net Income
Operating Cash Flow
CN¥98.40 Million
CNY
Net Income
CN¥10.30 Million
CNY
Data as of
Mar 2025
Most recent filing
Three Stars NM Cash Flow Quality Index (2012–2023)
Historical Cash Flow Quality Index for Three Stars NM across 12 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 603578 operating cash flow.
Annual Cash Flow Quality Index for Three Stars NM (2012–2023)
Year-by-year earnings quality comparison for Three Stars NM.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2023 | 1.16x | CN¥125.07 Million | CN¥107.57 Million | ▲ +333.7% |
| 2022 | -0.50x | CN¥-49.58 Million | CN¥99.64 Million | ▼ -385.9% |
| 2021 | 0.17x | CN¥16.61 Million | CN¥95.43 Million | ▼ -51.8% |
| 2020 | 0.36x | CN¥30.88 Million | CN¥85.49 Million | ▼ -90.9% |
| 2019 | 3.98x | CN¥245.32 Million | CN¥61.60 Million | ▲ +2544.6% |
| 2018 | -0.16x | CN¥-9.78 Million | CN¥60.05 Million | ▼ -124.8% |
| 2017 | 0.66x | CN¥36.41 Million | CN¥55.36 Million | ▼ -24.9% |
| 2016 | 0.88x | CN¥41.77 Million | CN¥47.71 Million | ▼ -16.9% |
| 2015 | 1.05x | CN¥39.74 Million | CN¥37.72 Million | ▼ -20.8% |
| 2014 | 1.33x | CN¥45.80 Million | CN¥34.44 Million | ▲ +37.1% |
| 2013 | 0.97x | CN¥33.10 Million | CN¥34.12 Million | ▲ +16.8% |
| 2012 | 0.83x | CN¥26.28 Million | CN¥31.63 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.