China Express Airlines Co Ltd Class A (002928) — Capital Reinvestment Ratio
China Express Airlines Co Ltd Class A (002928) has a Capital Reinvestment Ratio of 0.59x as of September 2025, meaning it reinvests 1% of its operating cash flow (CN¥1.43 Billion) in capital expenditures (CN¥846.29 Million). Check 002928 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
China Express Airlines Co Ltd Class A Capital Reinvestment Ratio (2013–2025)
This chart tracks China Express Airlines Co Ltd Class A's Capital Reinvestment Ratio across 13 annual periods. For the full cash flow conversion analysis, see China Express Airlines Co Ltd Class A (002928) cash conversion ratio.
Annual Capital Reinvestment Ratio for China Express Airlines Co Ltd Class A (2013–2025)
Year-by-year Capital Reinvestment Ratio for China Express Airlines Co Ltd Class A from 2013 to 2025. See China Express Airlines Co Ltd Class A (002928) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.94x | CN¥2.52 Billion | CN¥2.37 Billion | ▲ +471.0% |
| 2024 | 0.16x | CN¥1.81 Billion | CN¥298.20 Million | ▼ -59.7% |
| 2023 | 0.41x | CN¥1.32 Billion | CN¥541.25 Million | ▼ -63.1% |
| 2022 | 1.11x | CN¥316.61 Million | CN¥351.59 Million | ▼ -43.8% |
| 2021 | 1.98x | CN¥915.33 Million | CN¥1.81 Billion | ▲ +163.4% |
| 2020 | 0.75x | CN¥1.01 Billion | CN¥756.07 Million | ▼ -29.9% |
| 2019 | 1.07x | CN¥1.05 Billion | CN¥1.13 Billion | ▼ -60.0% |
| 2018 | 2.67x | CN¥521.34 Million | CN¥1.39 Billion | ▲ +137.0% |
| 2017 | 1.13x | CN¥685.35 Million | CN¥773.21 Million | ▲ +47.7% |
| 2016 | 0.76x | CN¥758.12 Million | CN¥579.06 Million | ▲ +56.9% |
| 2015 | 0.49x | CN¥600.82 Million | CN¥292.55 Million | ▼ -6.3% |
| 2014 | 0.52x | CN¥260.27 Million | CN¥135.25 Million | ▼ -50.7% |
| 2013 | 1.05x | CN¥154.23 Million | CN¥162.65 Million | — |