The cache had sufficient time to build. It can take quite some time for the Virtual Flash cache to build.
The virtual machine was migrated recently. If yes, check if the Always migrate the cache contents option is selected in the Select Virtual Flash Read Cache Migration Settings. For more information, see Migrating virtual machines with Virtual Flash (2051645).
Sufficient Virtual Flash cache resource is granted to the virtual machine.
To verify this, select the virtual machine, click Edit Settings > Hard disk > Virtual Flash Read Cache, and check if the value greater than 0.