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). See free cash flow generation of China Southern Airlines Company Limited to measure how efficiently the company converts operating cash flow to free cash.
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.
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. For live market cap and broader valuation context, see China Southern Airlines Company Limited market cap and net worth.
| 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 | — |