NCFO Growth (Historical) Formula in Excel

Understanding NCFO Growth (Historical)

Net cash flow from operating activities (NCFO) is a key indicator of a company’s operational efficiency. The NCFO Growth (Historical) formula in Excel (with MarketXLS) helps you:

• Measure the Compound Annual Growth Rate (CAGR) of net cash flow from operations.
• Evaluate historical growth trends over specified periods (annual, quarterly, or trailing twelve months).
• Gain insights into a company’s operational performance and ability to generate cash flow.

? Pro Tip: Use NCFO Growth (Historical) to compare operational growth across multiple companies or to track a single company’s historical performance over time.

Syntax and Parameters

Below is the basic syntax for using the NCFO Growth (Historical) formula:

=hf_NCFO_Growth(Symbol, Year, [Quarter], [TTM])

?? Note: This formula requires a valid historical fundamental data subscription. If the license is invalid or the symbol is incorrect, the function will return "NA".

Return Value

• A numeric value representing the calculated CAGR of NCFO growth.
• Returns "NA" in case of licensing issues, invalid symbol, or if the data is unavailable.

Special Cases & Limitations

• If Symbol is invalid or not supported, the function returns "NA".
• If the user’s subscription does not include historical fundamentals, the function may return a subscription-related message.

Performance Considerations

• The formula fetches historical fundamental data from MarketXLS servers.
• For optimal performance, avoid excessively frequent recalculations; use Excel’s calculation settings and caching utilities if available.

Examples and Usage

Below are practical examples of using hf_NCFO_Growth in various scenarios:

1. Retrieve the NCFO Growth for the year 2022:

   =hf_NCFO_Growth("MSFT", 2022)

2. Retrieve the NCFO Growth for the second quarter of 2022:

   =hf_NCFO_Growth("MSFT", 2022, 2)

3. Retrieve the NCFO Growth for the trailing twelve months (TTM) from the first quarter of 2022:

   =hf_NCFO_Growth("MSFT", 2022, 1, "TTM")

4. Use the last quarter automatically:

   =hf_NCFO_Growth("MSFT", "lq")

5. Reference a cell containing the year value (Cell A1 in this example):

   =hf_NCFO_Growth("MSFT", A1)

6. For indices and crypto symbols:
   • S&P 500 Index:

     =hf_NCFO_Growth("^SPX", 2022)

   • Bitcoin:

     =hf_NCFO_Growth("BTCUSD:DEFAULT", 2022)

? Pro Tip: For date manipulation, you can pass a direct reference to a date cell, parse the year or quarter from Excel date functions like TEXT(A1, "yyyy"), or enter the date directly (e.g., "2024-03-15") if you plan to parse it internally for year-based logic.

Common Questions

1. What happens if I don’t specify the quarter?
   If you omit the quarter, the function defaults to quarter 1 unless otherwise specified by “ly,” “lq,” or other keywords for dynamic periods.

2. Why do I keep getting “NA”?
   Possible reasons include:

   • Invalid or unsupported symbol.
   • Expired or insufficient historical fundamentals subscription.
   • Data unavailability for the selected year/quarter.

3. How do I get NCFO Growth for TTM without specifying a quarter?
   Add the "TTM" parameter and omit or specify your quarter. For example, =hf_NCFO_Growth("MSFT", 2022, , "TTM") will pull trailing twelve months data from the first quarter of 2022 by default.

4. Can this function handle different date formats for the year parameter?
   Yes. You may use cell references containing dates, direct date strings (e.g., "2024-03-15"), or functions like TEXT(A1,"yyyy") to derive the year. Just ensure the final passed parameter is recognized as a valid year string by MarketXLS.

5. Is the growth calculated year-over-year or quarter-over-quarter?
   Generally, the CAGR metric is determined for the specified period. If you set a specific year and quarter, it compares historical data points to compute the annualized rate of growth in NCFO.

?? Note: For more specialized data points, consider other MarketXLS historical fundamental functions such as hf_Revenue, hf_CostOfRevenue, hf_RnD_Expenses, etc.

Use NCFO Growth (Historical) to stay informed on a company's operational cash flow trends and make more confident investment decisions.