Operating, investing aur financing cash flow — teenon ka matlab, aasan bhasha mein
Published by The Retail Trader · AUG 09, 2026 · Features
Profit ek raay hai, cash ek haqeeqat hai. Ye line accountants ke beech purani hai, aur uska matlab bilkul seedha hai: profit calculate karne mein bahut saare judgment call hote hain, cash aaya ya nahi aaya — ismein judgment nahi hota.
Cash flow statement teen sections mein baanta jaata hai:
• Operating — rozmarra ke business se aaya ya gaya cash. Sabse zaroori hissa yahi hai.
• Investing — machinery, property, acquisitions, investments. Yahan negative hona aksar acchi baat hai; matlab company build kar rahi hai.
• Financing — udhaar lena/chukana, share jaari karna, dividend dena. Yahan se pata chalta hai ki paisa aa kahan se raha hai.
Profit aur operating cash flow ko saath rakho. Agar company saal dar saal profit dikha rahi hai par operating cash flow usse kaafi kam hai, to sawaal poochhna banta hai.
Aam wajah receivables hoti hai — bikri ho gayi par paisa nahi aaya. Kabhi-kabhi ye business ka swabhav hai; kabhi-kabhi ye is baat ka nishan hai ki bikri kagaz par khadi ki ja rahi hai.
Operating cash flow mein se capital expenditure nikaal do to free cash flow bachta hai — yaani wo paisa jo business chalane aur badhane ke baad bacha.
Yahi wo paisa hai jisse dividend milta hai, udhaar chukta hai, aur buyback hota hai. Lambe samay mein company ki value isi se banti hai, headline profit se nahi.
Operating positive, investing negative, financing negative — ye aam taur par ek pakke, self-funded business ki shakal hai: khud kama raha hai, khud invest kar raha hai, aur udhaar chuka raha hai.
Operating kamzor ya negative aur financing lagataar positive — matlab business khud nahi chal raha, use bahar se paisa chahiye. Ye ek growth phase bhi ho sakta hai aur ek chetavni bhi. Farq ye dekhkar hota hai ki wo bahar ka paisa kis cheez mein ja raha hai.
Ye statement har quarterly aur annual filing mein hota hai, aur exchange ki website par free milta hai. Zyadatar log ise skip karte hain kyunki ye profit ke baad aata hai. Wahi wajah hai ki isme padhne ko sabse zyada bacha hota hai.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.