What does Booking Resort do with its cash?

Cash conversion (operating CF ÷ operating income)

65.6%

Cash vs. profit gap

-¥36.9M（純利益の -9.9%）

CapEx intensity (capex ÷ revenue)

0.7%

Investing CF relative to operating CF

118.5%

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.