On Holding Ltd (ONON) — Capital Reinvestment Ratio
On Holding Ltd (ONON) has a Capital Reinvestment Ratio of 0.72x as of March 2026, meaning it reinvests 1% of its operating cash flow ($23.62 Million) in capital expenditures ($17.07 Million). Check tangible net worth ratio of On Holding Ltd to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
On Holding Ltd Capital Reinvestment Ratio (2021–2025)
This chart tracks On Holding Ltd's Capital Reinvestment Ratio across 4 annual periods. For the full cash flow conversion analysis, see ONON cash flow metrics.
Annual Capital Reinvestment Ratio for On Holding Ltd (2021–2025)
Year-by-year Capital Reinvestment Ratio for On Holding Ltd from 2021 to 2025. See On Holding Ltd free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.22x | $322.80 Million | $69.62 Million | ▲ +69.4% |
| 2024 | 0.13x | $510.60 Million | $65.00 Million | ▼ -37.4% |
| 2023 | 0.20x | $232.10 Million | $47.20 Million | ▼ -90.5% |
| 2021 | 2.14x | $16.90 Million | $36.20 Million | — |