Formula (FORTY) — Cash Flow Quality Index
Formula (FORTY) has a Cash Flow Quality Index of 94.66x as of December 2025. Operating cash flow of ILA420.06 Million exceeds net income of ILA4.44 Million, indicating high earnings quality where cash backs reported profits. Explore Formula operating cash flow efficiency to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Formula Cash Flow Quality Index (1998–2025)
Historical Cash Flow Quality Index for Formula across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check FORTY total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Formula (1998–2025)
Year-by-year earnings quality comparison for Formula. For live market cap and the full company financial profile, see market value of Formula.
| Year | Quality Index | Operating CF (ILA) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 10.63x | ILA420.06 Million | ILA39.53 Million | ▲ +534.8% |
| 2024 | 1.67x | ILA324.45 Million | ILA193.79 Million | ▼ -5.9% |
| 2023 | 1.78x | ILA294.97 Million | ILA165.73 Million | ▲ +48.6% |
| 2022 | 1.20x | ILA239.14 Million | ILA199.67 Million | ▼ -18.5% |
| 2021 | 1.47x | ILA208.48 Million | ILA141.90 Million | ▼ -41.6% |
| 2020 | 2.52x | ILA286.94 Million | ILA114.02 Million | ▲ +21.2% |
| 2019 | 2.08x | ILA196.08 Million | ILA94.42 Million | ▲ +94.6% |
| 2018 | 1.07x | ILA82.59 Million | ILA77.39 Million | ▼ -48.0% |
| 2017 | 2.05x | ILA80.98 Million | ILA39.44 Million | ▲ +53.7% |
| 2016 | 1.34x | ILA74.95 Million | ILA56.10 Million | ▲ +127.1% |
| 2015 | 0.59x | ILA54.40 Million | ILA92.45 Million | ▲ +234.1% |
| 2014 | 0.18x | ILA16.67 Million | ILA94.69 Million | ▼ -72.5% |
| 2013 | 0.64x | ILA68.55 Million | ILA107.06 Million | ▼ -58.4% |
| 2012 | 1.54x | ILA73.07 Million | ILA47.48 Million | ▲ +276.1% |
| 2011 | 0.41x | ILA25.83 Million | ILA63.13 Million | ▼ -73.2% |
| 2010 | 1.52x | ILA53.37 Million | ILA35.00 Million | ▼ -9.5% |
| 2009 | 1.68x | ILA55.64 Million | ILA33.03 Million | ▼ -57.8% |
| 2008 | 3.99x | ILA47.38 Million | ILA11.87 Million | ▲ +243.8% |
| 2007 | 1.16x | ILA43.27 Million | ILA37.26 Million | ▼ -55.2% |
| 2006 | 2.59x | ILA25.95 Million | ILA10.02 Million | ▼ -92.5% |
| 2005 | 34.35x | ILA6.29 Million | ILA183.00K | ▲ +1462.4% |
| 2004 | 2.20x | ILA17.81 Million | ILA8.10 Million | ▼ -44.2% |
| 2003 | 3.94x | ILA12.29 Million | ILA3.12 Million | ▲ +2689.9% |
| 2000 | 0.14x | ILA5.65 Million | ILA40.02 Million | ▼ -51.4% |
| 1999 | 0.29x | ILA13.41 Million | ILA46.19 Million | ▼ -77.7% |
| 1998 | 1.30x | ILA34.70 Million | ILA26.60 Million | — |