Vipshop Holdings Limited (1VPA) — Capital Reinvestment Ratio
Vipshop Holdings Limited (1VPA) has a Capital Reinvestment Ratio of 0.28x as of December 2025, meaning it reinvests 0% of its operating cash flow (€7.45 Billion) in capital expenditures (€2.07 Billion). Check 1VPA intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Vipshop Holdings Limited Capital Reinvestment Ratio (2016–2025)
This chart tracks Vipshop Holdings Limited's Capital Reinvestment Ratio across 10 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Vipshop Holdings Limited.
Annual Capital Reinvestment Ratio for Vipshop Holdings Limited (2016–2025)
Year-by-year Capital Reinvestment Ratio for Vipshop Holdings Limited from 2016 to 2025. See 1VPA free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.28x | €7.45 Billion | €2.07 Billion | ▼ -29.0% |
| 2024 | 0.39x | €9.13 Billion | €3.56 Billion | ▲ +7.5% |
| 2023 | 0.36x | €14.41 Billion | €5.23 Billion | ▲ +57.0% |
| 2022 | 0.23x | €10.52 Billion | €2.43 Billion | ▼ -43.0% |
| 2021 | 0.41x | €6.74 Billion | €2.73 Billion | ▲ +114.0% |
| 2020 | 0.19x | €11.82 Billion | €2.24 Billion | ▼ -29.6% |
| 2019 | 0.27x | €12.29 Billion | €3.30 Billion | ▼ -38.7% |
| 2018 | 0.44x | €5.75 Billion | €2.52 Billion | ▼ -80.4% |
| 2017 | 2.24x | €981.25 Million | €2.20 Billion | ▲ +127.7% |
| 2016 | 0.98x | €2.83 Billion | €2.79 Billion | — |