Mercuries & Associates Holding Ltd (2905) — Cash Flow Quality Index
Mercuries & Associates Holding Ltd (2905) has a Cash Flow Quality Index of -158.84x as of March 2026. Operating cash flow of NT$-5.22 Billion is below net income of NT$32.88 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore 2905 cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Mercuries & Associates Holding Ltd Cash Flow Quality Index (2004–2025)
Historical Cash Flow Quality Index for Mercuries & Associates Holding Ltd across 18 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Mercuries & Associates Holding Ltd.
Annual Cash Flow Quality Index for Mercuries & Associates Holding Ltd (2004–2025)
Year-by-year earnings quality comparison for Mercuries & Associates Holding Ltd.
| Year | Quality Index | Operating CF (TWD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 17.31x | NT$13.07 Billion | NT$755.07 Million | ▲ +162.0% |
| 2024 | -27.92x | NT$-38.50 Billion | NT$1.38 Billion | ▼ -127.1% |
| 2021 | 102.87x | NT$66.48 Billion | NT$646.22 Million | ▲ +291.2% |
| 2020 | 26.30x | NT$83.42 Billion | NT$3.17 Billion | ▲ +97.9% |
| 2019 | 13.29x | NT$95.45 Billion | NT$7.18 Billion | ▼ -50.3% |
| 2017 | 26.76x | NT$102.33 Billion | NT$3.82 Billion | ▲ +7.2% |
| 2016 | 24.97x | NT$94.14 Billion | NT$3.77 Billion | ▲ +114.4% |
| 2015 | 11.65x | NT$49.11 Billion | NT$4.22 Billion | ▼ -57.1% |
| 2014 | 27.12x | NT$72.17 Billion | NT$2.66 Billion | ▼ -45.4% |
| 2013 | 49.70x | NT$95.09 Billion | NT$1.91 Billion | ▼ -23.9% |
| 2012 | 65.32x | NT$79.14 Billion | NT$1.21 Billion | ▲ +48.7% |
| 2011 | 43.94x | NT$64.67 Billion | NT$1.47 Billion | ▲ +9473.8% |
| 2010 | 0.46x | NT$514.49 Million | NT$1.12 Billion | ▲ +90.1% |
| 2009 | 0.24x | NT$183.82 Million | NT$761.33 Million | ▼ -99.8% |
| 2008 | 97.04x | NT$16.47 Billion | NT$169.73 Million | ▲ +293.5% |
| 2007 | 24.66x | NT$12.75 Billion | NT$517.04 Million | ▲ +43.3% |
| 2006 | 17.21x | NT$13.01 Billion | NT$755.72 Million | ▲ +1614.1% |
| 2004 | -1.14x | NT$-280.69 Million | NT$246.95 Million | — |