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Ray Co., Ltd. (KOSDAQ:228670)
South Korea flag South Korea · Delayed Price · Currency is KRW
4,410.00
-160.00 (-3.50%)
Aug 25, 2026, 9:39 AM 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
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
3,5923,138-60,427-2,1467,957-12.76
Depreciation & Amortization
9,0039,2998,5948,6266,3375,711
Loss (Gain) From Sale of Assets
5.636.37-8.1510.18-227.06-1.76
Asset Writedown & Restructuring Costs
11,26511,2656,4144,962-2,537
Loss (Gain) From Sale of Investments
-30,388-28,39511,0553,7431,2135,052
Loss (Gain) on Equity Investments
222.53222.532,220198-872.7247.07
Stock-Based Compensation
797.81775.031,1411,6761,9201,062
Provision & Write-off of Bad Debts
6,2592,66421,7424,0781,3792,037
Other Operating Activities
1,3924,390-6,724-3,8701,0937,855
Change in Accounts Receivable
14,42915,94029,521-47,619-29,074-10,227
Change in Inventory
7,500427.49-17,600-2,7574,902-1,727
Change in Accounts Payable
-7,481-7,3605,95911,322-4,837-1,207
Change in Other Net Operating Assets
2,215478.31-1,684-1,0141,97947.41
Operating Cash Flow
18,81212,850204.51-22,791-8,23111,172
Operating Cash Flow Growth
46.86%6183.15%---284.81%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-1,626-1,626-2,066-2,292-31,319-21,536
Sale of Property, Plant & Equipment
130.46151.5328.03212.192,574788.06
Cash Acquisitions
--38.05--24,328142.98
Sale (Purchase) of Intangibles
-2,098-1,974-1,030-360.72-1,390-1,869
Investment in Securities
18,4327,252-5,56430,230-43,727
Other Investing Activities
-1,442-1,400-748.91-481.5833.66-386.53
Investing Cash Flow
14,2693,386-6,2453,435-22,689-66,090

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '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
685.18265.1842,62523,08924,61147,813
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
-30,516-9,861-33,232-9,412-5,249-8,791
Net Debt Issued (Repaid)
-29,831-9,5969,39313,67719,36239,022
Issuance of Common Stock
---2,724-31,477
Other Financing Activities
21.745.89-2605,226-2,670294.43
Financing Cash Flow
-29,809-9,5909,13321,62616,69270,793

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
306.87-405.34-589.91113.67-91.27700.1
Miscellaneous Cash Flow Adjustments
-0-0-0---
Net Cash Flow
3,5796,2412,5032,384-14,32016,575

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
17,18711,224-1,861-25,083-39,550-10,364
Free Cash Flow Growth
64.21%-----
Free Cash Flow Margin
15.27%10.08%-2.33%-17.19%-30.66%-11.47%
Free Cash Flow Per Share
1098.67717.64-118.99-1629.15-2679.49-734.15
Levered Free Cash Flow
16,28816,892-340.7-27,964-41,438-16,996
Unlevered Free Cash Flow
20,56720,9692,946-25,946-39,731-16,172

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
4,5094,7412,6182,4711,230365.22
Cash Income Tax Paid
805.39-1,2365,0223,4282,146205.82
Change in Working Capital
16,6639,48616,196-40,068-27,030-13,114