Novoray Corporation (688300) — Cash Flow Quality Index
Novoray Corporation (688300) has a Cash Flow Quality Index of 1.14x as of September 2025. Operating cash flow of CN¥93.17 Million exceeds net income of CN¥81.38 Million, indicating high earnings quality where cash backs reported profits. Also explore how large is Novoray Corporation's balance sheet for the complete picture of this company's asset base.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Novoray Corporation Cash Flow Quality Index (2012–2024)
Historical Cash Flow Quality Index for Novoray Corporation across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check tangible net worth ratio of Novoray Corporation to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Novoray Corporation (2012–2024)
Year-by-year earnings quality comparison for Novoray Corporation. For live market cap and the full company financial profile, see how much is Novoray Corporation worth.
| Year | Quality Index | Operating CF (CNY) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 1.01x | CN¥254.71 Million | CN¥251.37 Million | ▼ -28.6% |
| 2023 | 1.42x | CN¥246.95 Million | CN¥173.99 Million | ▲ +11.0% |
| 2022 | 1.28x | CN¥240.68 Million | CN¥188.24 Million | ▲ +44.1% |
| 2021 | 0.89x | CN¥153.42 Million | CN¥172.87 Million | ▲ +9.8% |
| 2020 | 0.81x | CN¥89.69 Million | CN¥110.92 Million | ▼ -25.0% |
| 2019 | 1.08x | CN¥80.58 Million | CN¥74.69 Million | ▲ +13.1% |
| 2018 | 0.95x | CN¥55.69 Million | CN¥58.37 Million | ▲ +520.4% |
| 2017 | 0.15x | CN¥6.50 Million | CN¥42.25 Million | ▼ -78.3% |
| 2016 | 0.71x | CN¥23.17 Million | CN¥32.71 Million | ▲ +74.0% |
| 2015 | 0.41x | CN¥7.42 Million | CN¥18.22 Million | ▼ -55.6% |
| 2014 | 0.92x | CN¥17.33 Million | CN¥18.91 Million | ▼ -53.0% |
| 2013 | 1.95x | CN¥27.80 Million | CN¥14.24 Million | ▲ +69.3% |
| 2012 | 1.15x | CN¥16.16 Million | CN¥14.02 Million | — |