ZTO Express (Cayman) Inc (ZTO) — Capital Reinvestment Ratio
ZTO Express (Cayman) Inc (ZTO) has a Capital Reinvestment Ratio of 1.23x as of December 2025, meaning it reinvests 1% of its operating cash flow ($4.23 Billion) in capital expenditures ($5.21 Billion). Check ZTO Express (Cayman) Inc (ZTO) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
ZTO Express (Cayman) Inc Capital Reinvestment Ratio (2014–2025)
This chart tracks ZTO Express (Cayman) Inc's Capital Reinvestment Ratio across 12 annual periods. For the full cash flow conversion analysis, see ZTO cash generation efficiency.
Annual Capital Reinvestment Ratio for ZTO Express (Cayman) Inc (2014–2025)
Year-by-year Capital Reinvestment Ratio for ZTO Express (Cayman) Inc from 2014 to 2025. See ZTO Express (Cayman) Inc free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.51x | $11.97 Billion | $6.07 Billion | ▼ -1.7% |
| 2024 | 0.52x | $11.43 Billion | $5.90 Billion | ▲ +3.4% |
| 2023 | 0.50x | $13.36 Billion | $6.67 Billion | ▼ -31.5% |
| 2022 | 0.73x | $11.48 Billion | $8.36 Billion | ▼ -43.6% |
| 2021 | 1.29x | $7.22 Billion | $9.33 Billion | ▼ -30.5% |
| 2020 | 1.86x | $4.95 Billion | $9.21 Billion | ▲ +124.3% |
| 2019 | 0.83x | $6.30 Billion | $5.23 Billion | ▼ -8.3% |
| 2018 | 0.90x | $4.40 Billion | $3.98 Billion | ▲ +16.1% |
| 2017 | 0.78x | $3.63 Billion | $2.83 Billion | ▼ -26.6% |
| 2016 | 1.06x | $2.54 Billion | $2.69 Billion | ▲ +34.2% |
| 2015 | 0.79x | $1.87 Billion | $1.48 Billion | ▲ +7.2% |
| 2014 | 0.74x | $1.07 Billion | $790.08 Million | — |