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. Explore 688300 debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see cash efficiency ratio of Novoray Corporation.
Annual Cash Flow Quality Index for Novoray Corporation (2012–2024)
Year-by-year earnings quality comparison for Novoray Corporation.
| 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 | — |