China Southern Airlines Company Limited (ZNHH) — Capital Reinvestment Ratio
China Southern Airlines Company Limited (ZNHH) has a Capital Reinvestment Ratio of 0.30x as of June 2023, meaning it reinvests 0% of its operating cash flow (€10.97 Billion) in capital expenditures (€3.28 Billion). Check tangible equity quality of China Southern Airlines Company Limited to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
China Southern Airlines Company Limited Capital Reinvestment Ratio (2013–2025)
This chart tracks China Southern Airlines Company Limited's Capital Reinvestment Ratio across 13 annual periods. For the full cash flow conversion analysis, see China Southern Airlines Company Limited cash conversion from operations.
Annual Capital Reinvestment Ratio for China Southern Airlines Company Limited (2013–2025)
Year-by-year Capital Reinvestment Ratio for China Southern Airlines Company Limited from 2013 to 2025. See ZNHH 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 | 0.46x | €38.21 Billion | €17.77 Billion | ▼ -9.4% |
| 2024 | 0.51x | €31.45 Billion | €16.14 Billion | ▲ +81.2% |
| 2023 | 0.28x | €40.13 Billion | €11.37 Billion | ▼ -91.6% |
| 2022 | 3.38x | €3.46 Billion | €11.70 Billion | ▲ +163.4% |
| 2021 | 1.28x | €13.37 Billion | €17.14 Billion | ▲ +4.9% |
| 2020 | 1.22x | €9.05 Billion | €11.06 Billion | ▲ +198.3% |
| 2019 | 0.41x | €38.12 Billion | €15.62 Billion | ▼ -66.6% |
| 2018 | 1.23x | €19.59 Billion | €24.03 Billion | ▲ +89.7% |
| 2017 | 0.65x | €21.40 Billion | €13.85 Billion | ▼ -10.0% |
| 2016 | 0.72x | €26.39 Billion | €18.97 Billion | ▲ +57.2% |
| 2015 | 0.46x | €25.72 Billion | €11.76 Billion | ▼ -16.0% |
| 2014 | 0.54x | €15.12 Billion | €8.23 Billion | ▼ -49.4% |
| 2013 | 1.08x | €11.13 Billion | €11.99 Billion | — |