Formula (FORTY) — Cash Flow Quality Index
Formula (FORTY) has a Cash Flow Quality Index of 0.97x as of December 2022. Operating cash flow of ILA14.95 Million is below net income of ILA15.34 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore FORTY long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Formula Cash Flow Quality Index (1998–2024)
Historical Cash Flow Quality Index for Formula across 25 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Formula tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Formula (1998–2024)
Year-by-year earnings quality comparison for Formula. For live market cap and the full company financial profile, see Formula stock valuation.
| Year | Quality Index | Operating CF (ILA) | Net Income | YoY Change |
|---|---|---|---|---|
| 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 | — |