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). Check Nokia Oyj tangible book value ratio to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see Nokia Oyj (NOKIA) cash flow conversion.
Annual Capital Reinvestment Ratio for Nokia Oyj (1996–2024)
Year-by-year Capital Reinvestment Ratio for Nokia Oyj from 1996 to 2024. See Nokia Oyj free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |