Spring Airlines Co Ltd (601021) — Capital Reinvestment Ratio

Latest as of September 2025: 0.79x

Spring Airlines Co Ltd (601021) has a Capital Reinvestment Ratio of 0.79x as of September 2025, meaning it reinvests 1% of its operating cash flow (CN¥2.64 Billion) in capital expenditures (CN¥2.10 Billion). Check 601021 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Capital Reinvestment Ratio

0.79x
Capex / Operating Cash Flow

Operating Cash Flow

CN¥2.64 Billion
CNY

Capital Expenditures

CN¥2.10 Billion
CNY

Data as of

Sep 2025
Most recent filing

Spring Airlines Co Ltd Capital Reinvestment Ratio (2011–2025)

This chart tracks Spring Airlines Co Ltd's Capital Reinvestment Ratio across 15 annual periods. For the full cash flow conversion analysis, see Spring Airlines Co Ltd (601021) cash conversion ratio.

Annual Capital Reinvestment Ratio for Spring Airlines Co Ltd (2011–2025)

Year-by-year Capital Reinvestment Ratio for Spring Airlines Co Ltd from 2011 to 2025. See 601021 FCF generation index to measure how efficiently the company converts operating cash flow to free cash.

Year Reinvestment Ratio Operating CF (CNY) Capital Expenditures YoY Change
2025 0.96x CN¥6.62 Billion CN¥6.33 Billion ▼ -21.9%
2024 1.22x CN¥5.89 Billion CN¥7.21 Billion ▲ +155.6%
2023 0.48x CN¥6.69 Billion CN¥3.21 Billion ▼ -95.4%
2022 10.43x CN¥438.62 Million CN¥4.57 Billion ▲ +183.0%
2021 3.68x CN¥1.68 Billion CN¥6.20 Billion ▼ -30.3%
2020 5.28x CN¥825.76 Million CN¥4.36 Billion ▲ +239.9%
2019 1.55x CN¥3.44 Billion CN¥5.34 Billion ▲ +42.0%
2018 1.10x CN¥2.90 Billion CN¥3.17 Billion ▼ -1.3%
2017 1.11x CN¥2.30 Billion CN¥2.55 Billion ▼ -53.1%
2016 2.37x CN¥2.04 Billion CN¥4.83 Billion ▼ -14.8%
2015 2.78x CN¥1.61 Billion CN¥4.48 Billion ▲ +21.7%
2014 2.28x CN¥1.08 Billion CN¥2.46 Billion ▲ +384.8%
2013 0.47x CN¥1.54 Billion CN¥723.88 Million ▼ -63.5%
2012 1.29x CN¥884.01 Million CN¥1.14 Billion ▲ +29.1%
2011 1.00x CN¥697.86 Million CN¥697.52 Million —
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow