Harvey Norman Holdings Ltd (HVN) — Capital Reinvestment Ratio
Harvey Norman Holdings Ltd (HVN) has a Capital Reinvestment Ratio of 0.17x as of December 2025, meaning it reinvests 0% of its operating cash flow (AU$392.88 Million) in capital expenditures (AU$66.97 Million). Check how tangible is Harvey Norman Holdings Ltd's equity to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Harvey Norman Holdings Ltd Capital Reinvestment Ratio (1991–2025)
This chart tracks Harvey Norman Holdings Ltd's Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see HVN operating cash flow.
Annual Capital Reinvestment Ratio for Harvey Norman Holdings Ltd (1991–2025)
Year-by-year Capital Reinvestment Ratio for Harvey Norman Holdings Ltd from 1991 to 2025. See Harvey Norman Holdings Ltd free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (AUD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.26x | AU$694.30 Million | AU$183.56 Million | ▼ -5.5% |
| 2024 | 0.28x | AU$686.53 Million | AU$192.16 Million | ▲ +1.5% |
| 2023 | 0.28x | AU$680.26 Million | AU$187.66 Million | ▲ +73.6% |
| 2022 | 0.16x | AU$597.30 Million | AU$94.92 Million | ▼ -13.8% |
| 2021 | 0.18x | AU$543.87 Million | AU$100.30 Million | ▲ +107.6% |
| 2020 | 0.09x | AU$1.06 Billion | AU$93.91 Million | ▼ -64.8% |
| 2019 | 0.25x | AU$372.85 Million | AU$94.22 Million | ▲ +22.2% |
| 2018 | 0.21x | AU$454.17 Million | AU$93.89 Million | ▼ -1.6% |
| 2017 | 0.21x | AU$425.14 Million | AU$89.37 Million | ▲ +35.0% |
| 2016 | 0.16x | AU$437.69 Million | AU$68.16 Million | ▼ -3.6% |
| 2015 | 0.16x | AU$340.45 Million | AU$55.01 Million | ▼ -15.7% |
| 2014 | 0.19x | AU$338.94 Million | AU$64.97 Million | ▼ -37.7% |
| 2013 | 0.31x | AU$239.22 Million | AU$73.58 Million | ▼ -43.1% |
| 2012 | 0.54x | AU$200.94 Million | AU$108.55 Million | ▲ +13.5% |
| 2011 | 0.48x | AU$358.97 Million | AU$170.78 Million | ▲ +118.9% |
| 2010 | 0.22x | AU$386.87 Million | AU$84.09 Million | ▼ -21.3% |
| 2009 | 0.28x | AU$442.50 Million | AU$122.27 Million | ▼ -27.1% |
| 2008 | 0.38x | AU$289.45 Million | AU$109.68 Million | ▲ +22.3% |
| 2007 | 0.31x | AU$444.43 Million | AU$137.66 Million | ▼ -72.8% |
| 2006 | 1.14x | AU$159.76 Million | AU$182.08 Million | ▲ +13.9% |
| 2005 | 1.00x | AU$184.92 Million | AU$185.05 Million | ▼ -4.2% |
| 2004 | 1.04x | AU$189.44 Million | AU$197.79 Million | ▼ -29.7% |
| 2003 | 1.49x | AU$108.38 Million | AU$161.08 Million | ▲ +87.1% |
| 2002 | 0.79x | AU$188.95 Million | AU$150.06 Million | ▼ -62.4% |
| 2001 | 2.11x | AU$61.15 Million | AU$129.02 Million | ▲ +85.4% |
| 2000 | 1.14x | AU$121.87 Million | AU$138.71 Million | ▼ -51.1% |
| 1997 | 2.33x | AU$29.70 Million | AU$69.08 Million | ▲ +147.7% |
| 1996 | 0.94x | AU$67.79 Million | AU$63.66 Million | ▼ -45.9% |
| 1995 | 1.74x | AU$16.05 Million | AU$27.89 Million | ▼ -46.9% |
| 1994 | 3.27x | AU$7.48 Million | AU$24.49 Million | ▼ -8.5% |
| 1992 | 3.58x | AU$1.71 Million | AU$6.12 Million | ▲ +158.9% |
| 1991 | 1.38x | AU$9.89 Million | AU$13.67 Million | — |