Test Research Inc (3030) — Cash Flow Quality Index
Test Research Inc (3030) has a Cash Flow Quality Index of 0.63x as of March 2026. Operating cash flow of NT$519.72 Million is below net income of NT$826.46 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore cash flow to debt ratio of Test Research Inc to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Test Research Inc Cash Flow Quality Index (2002–2025)
Historical Cash Flow Quality Index for Test Research Inc across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Test Research Inc (3030) cash flow conversion.
Annual Cash Flow Quality Index for Test Research Inc (2002–2025)
Year-by-year earnings quality comparison for Test Research Inc.
| Year | Quality Index | Operating CF (TWD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.69x | NT$1.72 Billion | NT$2.48 Billion | ▲ +30.2% |
| 2024 | 0.53x | NT$1.16 Billion | NT$2.18 Billion | ▼ -64.4% |
| 2023 | 1.50x | NT$1.88 Billion | NT$1.26 Billion | ▲ +150.2% |
| 2022 | 0.60x | NT$1.47 Billion | NT$2.45 Billion | ▲ +57.5% |
| 2021 | 0.38x | NT$591.41 Million | NT$1.56 Billion | ▼ -53.5% |
| 2020 | 0.82x | NT$1.12 Billion | NT$1.37 Billion | ▼ -30.3% |
| 2019 | 1.17x | NT$1.36 Billion | NT$1.16 Billion | ▲ +149.1% |
| 2018 | 0.47x | NT$626.81 Million | NT$1.33 Billion | ▲ +35.4% |
| 2017 | 0.35x | NT$248.47 Million | NT$716.19 Million | ▼ -66.7% |
| 2016 | 1.04x | NT$553.03 Million | NT$531.34 Million | ▲ +92.0% |
| 2015 | 0.54x | NT$675.76 Million | NT$1.25 Billion | ▼ -30.7% |
| 2014 | 0.78x | NT$1.16 Billion | NT$1.48 Billion | ▼ -31.2% |
| 2013 | 1.14x | NT$1.12 Billion | NT$980.10 Million | ▲ +14.0% |
| 2012 | 1.00x | NT$1.43 Billion | NT$1.43 Billion | ▲ +5.5% |
| 2011 | 0.95x | NT$911.56 Million | NT$963.72 Million | ▲ +30.0% |
| 2010 | 0.73x | NT$659.46 Million | NT$906.12 Million | ▼ -55.3% |
| 2009 | 1.63x | NT$319.27 Million | NT$195.92 Million | ▲ +12.0% |
| 2008 | 1.46x | NT$683.64 Million | NT$469.72 Million | ▲ +46.0% |
| 2007 | 1.00x | NT$771.25 Million | NT$773.62 Million | ▲ +27.3% |
| 2006 | 0.78x | NT$466.75 Million | NT$596.10 Million | ▼ -29.5% |
| 2005 | 1.11x | NT$385.99 Million | NT$347.72 Million | ▲ +84.5% |
| 2004 | 0.60x | NT$260.25 Million | NT$432.58 Million | ▲ +61.7% |
| 2003 | 0.37x | NT$61.04 Million | NT$164.06 Million | ▼ -60.0% |
| 2002 | 0.93x | NT$172.02 Million | NT$184.95 Million | — |