What does THK do with its cash?

Cash conversion (operating CF ÷ operating income)

296.1%

Cash vs. profit gap

¥112.6B

Shareholder returns

· of FCF 276.2%

Shareholder payments — dividends

· of FCF 123.1%

CapEx intensity (capex ÷ revenue)

7.9%

Investing CF relative to operating CF

46.3%

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.