China Southern Airlines Co Ltd Class A (600029) — Capital Reinvestment Ratio
China Southern Airlines Co Ltd Class A (600029) has a Capital Reinvestment Ratio of 0.13x as of September 2025, meaning it reinvests 0% of its operating cash flow (CN¥18.07 Billion) in capital expenditures (CN¥2.36 Billion). Check tangible net worth ratio of China Southern Airlines Co Ltd Class A to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
China Southern Airlines Co Ltd Class A Capital Reinvestment Ratio (1997–2025)
This chart tracks China Southern Airlines Co Ltd Class A's Capital Reinvestment Ratio across 28 annual periods. For the full cash flow conversion analysis, see 600029 operating cash flow.
Annual Capital Reinvestment Ratio for China Southern Airlines Co Ltd Class A (1997–2025)
Year-by-year Capital Reinvestment Ratio for China Southern Airlines Co Ltd Class A from 1997 to 2025. See China Southern Airlines Co Ltd Class A (600029) 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 | 0.46x | CN¥38.21 Billion | CN¥17.77 Billion | ▼ -9.4% |
| 2024 | 0.51x | CN¥31.45 Billion | CN¥16.14 Billion | ▲ +81.2% |
| 2023 | 0.28x | CN¥40.13 Billion | CN¥11.37 Billion | ▼ -87.3% |
| 2021 | 2.23x | CN¥7.69 Billion | CN¥17.14 Billion | ▼ -45.6% |
| 2020 | 4.10x | CN¥2.70 Billion | CN¥11.06 Billion | ▲ +717.8% |
| 2019 | 0.50x | CN¥31.18 Billion | CN¥15.63 Billion | ▼ -68.0% |
| 2018 | 1.57x | CN¥15.39 Billion | CN¥24.09 Billion | ▲ +100.5% |
| 2017 | 0.78x | CN¥17.73 Billion | CN¥13.85 Billion | ▼ -2.4% |
| 2016 | 0.80x | CN¥23.76 Billion | CN¥19.02 Billion | ▲ +54.9% |
| 2015 | 0.52x | CN¥23.73 Billion | CN¥12.26 Billion | ▼ -20.5% |
| 2014 | 0.65x | CN¥13.57 Billion | CN¥8.82 Billion | ▼ -49.0% |
| 2013 | 1.27x | CN¥9.70 Billion | CN¥12.36 Billion | ▼ -5.2% |
| 2012 | 1.34x | CN¥11.70 Billion | CN¥15.73 Billion | ▼ -15.8% |
| 2011 | 1.60x | CN¥12.56 Billion | CN¥20.04 Billion | ▲ +35.6% |
| 2010 | 1.18x | CN¥11.44 Billion | CN¥13.47 Billion | ▼ -29.7% |
| 2009 | 1.68x | CN¥8.96 Billion | CN¥15.01 Billion | ▼ -76.9% |
| 2008 | 7.24x | CN¥1.16 Billion | CN¥8.36 Billion | ▲ +804.1% |
| 2007 | 0.80x | CN¥6.87 Billion | CN¥5.50 Billion | ▼ -30.8% |
| 2006 | 1.16x | CN¥2.22 Billion | CN¥2.57 Billion | ▼ -55.0% |
| 2005 | 2.57x | CN¥3.83 Billion | CN¥9.87 Billion | ▼ -43.6% |
| 2004 | 4.56x | CN¥3.60 Billion | CN¥16.41 Billion | ▲ +3.2% |
| 2003 | 4.42x | CN¥2.13 Billion | CN¥9.41 Billion | ▲ +157.4% |
| 2002 | 1.72x | CN¥3.70 Billion | CN¥6.35 Billion | ▲ +28.0% |
| 2001 | 1.34x | CN¥2.22 Billion | CN¥2.98 Billion | ▲ +128.8% |
| 2000 | 0.59x | CN¥2.36 Billion | CN¥1.38 Billion | ▲ +35.3% |
| 1999 | 0.43x | CN¥3.20 Billion | CN¥1.39 Billion | ▼ -85.2% |
| 1998 | 2.94x | CN¥1.11 Billion | CN¥3.25 Billion | ▲ +133.9% |
| 1997 | 1.26x | CN¥2.68 Billion | CN¥3.36 Billion | — |