Merchant Express Class A (001965) — Capital Reinvestment Ratio
Merchant Express Class A (001965) has a Capital Reinvestment Ratio of 0.06x as of September 2025, meaning it reinvests 0% of its operating cash flow (CN¥3.33 Billion) in capital expenditures (CN¥210.54 Million). Check 001965 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Merchant Express Class A Capital Reinvestment Ratio (2014–2024)
This chart tracks Merchant Express Class A's Capital Reinvestment Ratio across 11 annual periods. For the full cash flow conversion analysis, see 001965 cash generation efficiency.
Annual Capital Reinvestment Ratio for Merchant Express Class A (2014–2024)
Year-by-year Capital Reinvestment Ratio for Merchant Express Class A from 2014 to 2024. See 001965 FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.18x | CN¥7.12 Billion | CN¥1.25 Billion | ▲ +44.4% |
| 2023 | 0.12x | CN¥4.44 Billion | CN¥538.88 Million | ▼ -37.1% |
| 2022 | 0.19x | CN¥3.88 Billion | CN¥748.16 Million | ▲ +16.0% |
| 2021 | 0.17x | CN¥4.62 Billion | CN¥767.60 Million | ▼ -64.1% |
| 2020 | 0.46x | CN¥3.22 Billion | CN¥1.49 Billion | ▲ +139.0% |
| 2019 | 0.19x | CN¥4.32 Billion | CN¥835.60 Million | ▼ -6.2% |
| 2018 | 0.21x | CN¥3.68 Billion | CN¥760.39 Million | ▲ +6.5% |
| 2017 | 0.19x | CN¥2.98 Billion | CN¥577.40 Million | ▼ -27.9% |
| 2016 | 0.27x | CN¥2.31 Billion | CN¥620.20 Million | ▼ -35.9% |
| 2015 | 0.42x | CN¥1.57 Billion | CN¥657.86 Million | ▼ -45.9% |
| 2014 | 0.78x | CN¥1.43 Billion | CN¥1.11 Billion | — |