Let's say the indicator for quality can be expressed as a ratio of operating cash flow
to net income so that the higher the ratio, the better the earnings.
To determine which of the two earnings metrics provides the relatively better estimate of operating cash flow
in an out-of-sample setting, a t-test is run to compare the mean forecast errors.
Since it's a noncash expense, operating cash flow
will be increased relative to income.
* NBCUniversal Revenue Increased 13.0% and Operating Cash Flow
Free Cash Flow is significant for capital intensive firms, and Free Cash Flow and Operating Cash Flow
are both significant for non-capital intensive firms at the 1% level.
"We want to clarify that the agreement we announced today to provide operating income, synergies and operating cash flow
benefit is accretive to our prior plans."
Survey shows that decline in CFO positive sentiment is further reflected in expectations for operating cash flow
to be generated in the coming 12 months, where only 47 percent of CFOs surveyed in the Middle East expect operating cash flows
to increase, down from 82 percent in the previous year
The upgrade reflects TRC's expectation that CMC will continue to improve its leverage and cash flow protection with sustainable operating cash flow
, prudent investment strategy, and low likelihood of significant financial support for 17.26%-owned Chimei Innolux Corp.
* Operating cash flow
to total assets = operating cash flow
% total assets, and
Operating cash flow
jumped to EUR143.4m from EUR53m.
Recurring operating cash flow
(REBITDA) followed the same pattern, coming in at 12 million euros compared to 17.2 million a year earlier.