What does Alfresa Holdings do with its cash?

Cash conversion (operating CF ÷ operating income)

106.6%

Cash vs. profit gap

-¥3.18B（純利益の -7.6%）

Shareholder returns

of net income 30.3% · of FCF 126.1%

Shareholder payments — dividends

of net income 28.8% · of FCF 119.8%

CapEx intensity (capex ÷ revenue)

0.9%

Investing CF relative to operating CF

22.6%

Nonpositive profit and free cash flow are omitted as ratio denominators. Amounts use the period's reported currency.

• Operating cash flow is the cash the core business actually brought in, including changes in receivables and inventory.
• Free cash flow = operating cash flow − capital expenditure: a gauge of cash available for other uses.
• Large "borrowing" or "cash drawdown" flows mean the company spent more than it generated that year.