Good Will Instrument Co Ltd (2423) — Cash Flow Quality Index
Good Will Instrument Co Ltd (2423) has a Cash Flow Quality Index of -0.20x as of September 2025. Operating cash flow of NT$-22.67 Million is below net income of NT$115.04 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore 2423 operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Good Will Instrument Co Ltd Cash Flow Quality Index (2002–2024)
Historical Cash Flow Quality Index for Good Will Instrument Co Ltd across 23 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see 2423 cash flow conversion.
Annual Cash Flow Quality Index for Good Will Instrument Co Ltd (2002–2024)
Year-by-year earnings quality comparison for Good Will Instrument Co Ltd.
| Year | Quality Index | Operating CF (TWD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 1.43x | NT$500.57 Million | NT$351.13 Million | ▲ +44.4% |
| 2023 | 0.99x | NT$548.14 Million | NT$555.15 Million | ▲ +229.5% |
| 2022 | 0.30x | NT$158.90 Million | NT$530.27 Million | ▼ -72.3% |
| 2021 | 1.08x | NT$437.69 Million | NT$404.85 Million | ▼ -38.7% |
| 2020 | 1.76x | NT$483.41 Million | NT$274.00 Million | ▲ +198.5% |
| 2019 | 0.59x | NT$233.57 Million | NT$395.19 Million | ▼ -16.5% |
| 2018 | 0.71x | NT$298.28 Million | NT$421.61 Million | ▼ -25.7% |
| 2017 | 0.95x | NT$348.42 Million | NT$366.11 Million | ▲ +2.4% |
| 2016 | 0.93x | NT$281.57 Million | NT$302.91 Million | ▲ +34.1% |
| 2015 | 0.69x | NT$181.75 Million | NT$262.26 Million | ▲ +113.8% |
| 2014 | 0.32x | NT$69.48 Million | NT$214.40 Million | ▼ -69.5% |
| 2013 | 1.06x | NT$158.50 Million | NT$149.10 Million | ▲ +1684.7% |
| 2012 | 0.06x | NT$6.80 Million | NT$114.18 Million | ▼ -76.8% |
| 2011 | 0.26x | NT$68.75 Million | NT$267.22 Million | ▼ -77.2% |
| 2010 | 1.13x | NT$217.45 Million | NT$192.96 Million | ▼ -45.5% |
| 2009 | 2.07x | NT$239.03 Million | NT$115.62 Million | ▲ +24.3% |
| 2008 | 1.66x | NT$242.50 Million | NT$145.83 Million | ▲ +60.9% |
| 2007 | 1.03x | NT$243.03 Million | NT$235.21 Million | ▼ -41.9% |
| 2006 | 1.78x | NT$377.18 Million | NT$212.14 Million | ▲ +192.7% |
| 2005 | 0.61x | NT$87.13 Million | NT$143.43 Million | ▼ -68.8% |
| 2004 | 1.95x | NT$356.03 Million | NT$182.90 Million | ▲ +42.2% |
| 2003 | 1.37x | NT$209.10 Million | NT$152.70 Million | ▲ +51.6% |
| 2002 | 0.90x | NT$99.12 Million | NT$109.73 Million | — |