Milkyway Chemical Supply Chain Service Co Ltd (603713) — Cash Flow Quality Index
Milkyway Chemical Supply Chain Service Co Ltd (603713) has a Cash Flow Quality Index of -1.76x as of September 2025. Operating cash flow of CN¥-304.09 Million is below net income of CN¥172.96 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Milkyway Chemical Supply Chain Service C cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Milkyway Chemical Supply Chain Service Co Ltd Cash Flow Quality Index (2014–2025)
Historical Cash Flow Quality Index for Milkyway Chemical Supply Chain Service Co Ltd across 12 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Milkyway Chemical Supply Chain Service C (603713) cash conversion ratio.
Annual Cash Flow Quality Index for Milkyway Chemical Supply Chain Service Co Ltd (2014–2025)
Year-by-year earnings quality comparison for Milkyway Chemical Supply Chain Service Co Ltd.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.20x | CN¥751.97 Million | CN¥626.55 Million | ▲ +63.0% |
| 2024 | 0.74x | CN¥481.69 Million | CN¥654.20 Million | ▼ -49.7% |
| 2023 | 1.46x | CN¥704.08 Million | CN¥481.40 Million | ▲ +48.9% |
| 2022 | 0.98x | CN¥612.64 Million | CN¥623.86 Million | ▲ +111.4% |
| 2021 | 0.46x | CN¥202.55 Million | CN¥435.97 Million | ▼ -60.2% |
| 2020 | 1.17x | CN¥338.56 Million | CN¥289.79 Million | ▲ +7.8% |
| 2019 | 1.08x | CN¥212.51 Million | CN¥196.17 Million | ▲ +9.6% |
| 2018 | 0.99x | CN¥130.14 Million | CN¥131.70 Million | ▼ -42.5% |
| 2017 | 1.72x | CN¥143.44 Million | CN¥83.46 Million | ▲ +535.3% |
| 2016 | 0.27x | CN¥15.20 Million | CN¥56.21 Million | ▼ -57.5% |
| 2015 | 0.64x | CN¥34.21 Million | CN¥53.76 Million | ▼ -30.0% |
| 2014 | 0.91x | CN¥52.17 Million | CN¥57.39 Million | — |