Hoasen Group (HSG) — Cash Flow Quality Index
Hoasen Group (HSG) has a Cash Flow Quality Index of -15.35x as of December 2025. Operating cash flow of ₫-957.80 Billion is below net income of ₫62.40 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Hoasen Group (HSG) cash conversion ratio to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Hoasen Group Cash Flow Quality Index (2019–2025)
Historical Cash Flow Quality Index for Hoasen Group across 7 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check HSG capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Hoasen Group (2019–2025)
Year-by-year earnings quality comparison for Hoasen Group. For live market cap and the full company financial profile, see HSG market cap.
| Year | Quality Index | Operating CF (VND) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 5.01x | ₫3.69 Trillion | ₫735.02 Billion | ▲ +280.8% |
| 2024 | -2.77x | ₫-1.41 Trillion | ₫510.12 Billion | ▼ -104.5% |
| 2023 | 62.17x | ₫1.87 Trillion | ₫30.01 Billion | ▲ +448.7% |
| 2022 | 11.33x | ₫2.84 Trillion | ₫251.05 Billion | ▲ +3166.3% |
| 2021 | 0.35x | ₫1.50 Trillion | ₫4.31 Trillion | ▼ -81.0% |
| 2020 | 1.83x | ₫2.11 Trillion | ₫1.15 Trillion | ▼ -87.2% |
| 2019 | 14.34x | ₫5.18 Trillion | ₫361.35 Billion | — |