New Hope Dairy Co Ltd (002946) — Capital Reinvestment Ratio
New Hope Dairy Co Ltd (002946) has a Capital Reinvestment Ratio of 0.38x as of September 2025, meaning it reinvests 0% of its operating cash flow (CN¥423.16 Million) in capital expenditures (CN¥159.69 Million). Check 002946 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
New Hope Dairy Co Ltd Capital Reinvestment Ratio (2014–2024)
This chart tracks New Hope Dairy Co Ltd's Capital Reinvestment Ratio across 11 annual periods. For the full cash flow conversion analysis, see New Hope Dairy Co Ltd cash flow conversion.
Annual Capital Reinvestment Ratio for New Hope Dairy Co Ltd (2014–2024)
Year-by-year Capital Reinvestment Ratio for New Hope Dairy Co Ltd from 2014 to 2024. See New Hope Dairy Co Ltd (002946) 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 |
|---|---|---|---|---|
| 2024 | 0.45x | CN¥1.49 Billion | CN¥665.82 Million | ▼ -10.4% |
| 2023 | 0.50x | CN¥1.56 Billion | CN¥775.60 Million | ▼ -29.7% |
| 2022 | 0.71x | CN¥1.03 Billion | CN¥732.33 Million | ▲ +5.5% |
| 2021 | 0.67x | CN¥1.04 Billion | CN¥695.28 Million | ▼ -23.8% |
| 2020 | 0.88x | CN¥719.44 Million | CN¥634.44 Million | ▼ -6.9% |
| 2019 | 0.95x | CN¥635.01 Million | CN¥601.66 Million | ▲ +0.7% |
| 2018 | 0.94x | CN¥437.26 Million | CN¥411.47 Million | ▼ -27.8% |
| 2017 | 1.30x | CN¥459.08 Million | CN¥598.45 Million | ▲ +8.6% |
| 2016 | 1.20x | CN¥456.50 Million | CN¥547.85 Million | ▼ -27.2% |
| 2015 | 1.65x | CN¥454.68 Million | CN¥749.90 Million | ▼ -6.3% |
| 2014 | 1.76x | CN¥351.59 Million | CN¥618.62 Million | — |