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). See 001965 net asset quality index to measure how much of total assets are equity-financed.
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. Check 001965 cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
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. For live market cap and broader valuation context, see Merchant Express Class A market capitalisation.
| 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 | — |