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Ray Co., Ltd. (KOSDAQ:228670)
South Korea flag South Korea · Delayed Price · Currency is KRW
4,470.00
-155.00 (-3.35%)
Sep 21, 2026, 3:30 PM KST

Ray Co., Ltd. Cash Flow Statement

Millions KRW. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
9,6293,138-60,427-2,1467,957-12.76
Depreciation & Amortization
8,8499,2998,5948,6266,3375,711
Loss (Gain) From Sale of Assets
3.376.37-8.1510.18-227.06-1.76
Asset Writedown & Restructuring Costs
11,26511,2656,4144,962-2,537
Loss (Gain) From Sale of Investments
-21,307-28,39511,0553,7431,2135,052
Loss (Gain) on Equity Investments
166.93222.532,220198-872.7247.07
Stock-Based Compensation
556.52775.031,1411,6761,9201,062
Provision & Write-off of Bad Debts
4,2312,66421,7424,0781,3792,037
Other Operating Activities
-3,7324,390-6,724-3,8701,0937,855
Change in Accounts Receivable
9,49115,94029,521-47,619-29,074-10,227
Change in Inventory
11,343427.49-17,600-2,7574,902-1,727
Change in Accounts Payable
-2,909-7,3605,95911,322-4,837-1,207
Change in Other Net Operating Assets
121.87478.31-1,684-1,0141,97947.41
Operating Cash Flow
27,70812,850204.51-22,791-8,23111,172
Operating Cash Flow Growth
56.81%6183.15%---284.81%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-1,722-1,626-2,066-2,292-31,319-21,536
Sale of Property, Plant & Equipment
276.65151.5328.03212.192,574788.06
Cash Acquisitions
--38.05--24,328142.98
Sale (Purchase) of Intangibles
-1,758-1,974-1,030-360.72-1,390-1,869
Investment in Securities
16,8707,252-5,56430,230-43,727
Other Investing Activities
-806.9-1,400-748.91-481.5833.66-386.53
Investing Cash Flow
13,6023,386-6,2453,435-22,689-66,090

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
--13,50023,0897,4112,481
Long-Term Debt Issued
-265.1829,125-17,20045,332
Total Debt Issued
21,634265.1842,62523,08924,61147,813
Short-Term Debt Repaid
--4,680-1,400-3,509-1,881-3,653
Long-Term Debt Repaid
--5,181-31,832-5,903-3,368-5,139
Total Debt Repaid
-53,313-9,861-33,232-9,412-5,249-8,791
Net Debt Issued (Repaid)
-31,678-9,5969,39313,67719,36239,022
Issuance of Common Stock
---2,724-31,477
Other Financing Activities
21.745.89-2605,226-2,670294.43
Financing Cash Flow
-31,657-9,5909,13321,62616,69270,793

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-2,942-405.34-589.91113.67-91.27700.1
Miscellaneous Cash Flow Adjustments
-0-0-0---
Net Cash Flow
6,7126,2412,5032,384-14,32016,575

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
25,98611,224-1,861-25,083-39,550-10,364
Free Cash Flow Growth
61.81%-----
Free Cash Flow Margin
21.81%10.08%-2.33%-17.19%-30.66%-11.47%
Free Cash Flow Per Share
1655.70717.64-118.99-1629.15-2679.49-734.15
Levered Free Cash Flow
7,62316,892-340.7-27,964-41,438-16,996
Unlevered Free Cash Flow
11,65720,9692,946-25,946-39,731-16,172

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
4,0384,7412,6182,4711,230365.22
Cash Income Tax Paid
381.81-1,2365,0223,4282,146205.82
Change in Working Capital
18,0479,48616,196-40,068-27,030-13,114