Nokia Oyj (NOKIA) — Capital Reinvestment Ratio
Nokia Oyj (NOKIA) has a Capital Reinvestment Ratio of 0.28x as of September 2025, meaning it reinvests 0% of its operating cash flow (€597.00 Million) in capital expenditures (€168.00 Million). See NOKIA equity to assets ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Nokia Oyj Capital Reinvestment Ratio (1996–2024)
This chart tracks Nokia Oyj's Capital Reinvestment Ratio across 27 annual periods. Check Nokia Oyj cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Nokia Oyj (1996–2024)
Year-by-year Capital Reinvestment Ratio for Nokia Oyj from 1996 to 2024. For live market cap and broader valuation context, see NOKIA market cap overview.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.19x | €2.49 Billion | €472.00 Million | ▼ -61.8% |
| 2023 | 0.50x | €1.32 Billion | €652.00 Million | ▲ +21.4% |
| 2022 | 0.41x | €1.47 Billion | €601.00 Million | ▲ +91.2% |
| 2021 | 0.21x | €2.63 Billion | €560.00 Million | ▼ -21.7% |
| 2020 | 0.27x | €1.76 Billion | €479.00 Million | ▼ -84.6% |
| 2019 | 1.77x | €390.00 Million | €690.00 Million | ▼ -5.2% |
| 2018 | 1.87x | €360.00 Million | €672.00 Million | ▲ +462.8% |
| 2017 | 0.33x | €1.81 Billion | €601.00 Million | ▼ -46.4% |
| 2015 | 0.62x | €507.00 Million | €314.00 Million | ▲ +153.9% |
| 2014 | 0.24x | €1.27 Billion | €311.00 Million | ▼ -95.7% |
| 2013 | 5.65x | €72.00 Million | €407.00 Million | ▲ +976.6% |
| 2011 | 0.53x | €1.14 Billion | €597.00 Million | ▲ +269.2% |
| 2010 | 0.14x | €4.77 Billion | €679.00 Million | ▼ -17.2% |
| 2009 | 0.17x | €3.25 Billion | €558.00 Million | ▼ -46.1% |
| 2008 | 0.32x | €3.20 Billion | €1.02 Billion | ▲ +188.4% |
| 2007 | 0.11x | €7.89 Billion | €873.11 Million | ▼ -36.2% |
| 2006 | 0.17x | €4.48 Billion | €776.63 Million | ▲ +18.5% |
| 2005 | 0.15x | €4.14 Billion | €606.21 Million | ▲ +16.1% |
| 2004 | 0.13x | €4.34 Billion | €547.36 Million | ▲ +53.1% |
| 2003 | 0.08x | €5.24 Billion | €431.16 Million | ▲ +10.8% |
| 2002 | 0.07x | €5.82 Billion | €432.65 Million | ▼ -53.2% |
| 2001 | 0.16x | €6.56 Billion | €1.04 Billion | ▼ -64.7% |
| 2000 | 0.45x | €3.52 Billion | €1.58 Billion | ▲ +7.3% |
| 1999 | 0.42x | €3.11 Billion | €1.31 Billion | ▼ -15.4% |
| 1998 | 0.50x | €1.68 Billion | €833.05 Million | ▲ +31.3% |
| 1997 | 0.38x | €1.71 Billion | €646.36 Million | ▲ +16.3% |
| 1996 | 0.33x | €1.44 Billion | €466.82 Million | — |