Merchant Express Class A (001965) — Capital Reinvestment Ratio
Latest as of September 2025:
0.06x
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 Merchant Express Class A (001965) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.06x
Capex / Operating Cash Flow
Operating Cash Flow
CN¥3.33 Billion
CNY
Capital Expenditures
CN¥210.54 Million
CNY
Data as of
Sep 2025
Most recent filing
Merchant Express Class A Capital Reinvestment Ratio (2014–2024)
This chart tracks Merchant Express Class A's Capital Reinvestment Ratio across 11 annual periods.
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 001965 company net worth.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow