Cash flow from operating activities is the cash the business actually generated from trading in the period — the money box, not the accounting entry.
经营活动现金流
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| 19% | H&M: operating profit jumps 23% as cost control pays off 经营活动现金流 · 第 8 张术语卡 | It rose 19% to SEK 11,908 m. Profit can be dressed up; cash is harder to argue with, which is why analysts check this line next to profit. 为什么会计师算的利润和现金不是一回事：确认收入、计提折旧、存货增加，都会让账面利润与实际到账的现金出现时间差。
最经典的造假手法之一，就是利润表漂亮、现金流常年为负。所以有一句行话：利润是一种观点，现金才是事实（Profit is an opinion, cash is a fact）。 |