First Tractor Co Ltd Capital Reinvestment Ratio
First Tractor Co Ltd capital reinvestment ratio. First Tractor Co Ltd (601038) has a Capital Reinvestment Ratio of 0.04x as of September 2025, meaning it reinvests 0% of its operating cash flow (CN¥716.55 Million) in capital expenditures (CN¥27.42 Million). See 601038 free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of First Tractor Co Ltd (2005–2025)
Capital reinvestment ratio of First Tractor Co Ltd from 2005 to 2025. This chart tracks First Tractor Co Ltd's Capital Reinvestment Ratio across 18 annual periods. See 601038 FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
First Tractor Co Ltd Capital Reinvestment Ratio by Year (2005–2025)
First Tractor Co Ltd capital reinvestment ratio by year from 2005 to 2025. For the full cash flow conversion analysis, see First Tractor Co Ltd (601038) cash conversion ratio.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.18x | CN¥1.06 Billion | CN¥192.93 Million | ▲ +98.5% |
| 2024 | 0.09x | CN¥1.22 Billion | CN¥111.97 Million | ▲ +9.2% |
| 2023 | 0.08x | CN¥1.06 Billion | CN¥89.10 Million | ▲ +222.6% |
| 2022 | 0.03x | CN¥3.60 Billion | CN¥94.19 Million | ▼ -77.6% |
| 2021 | 0.12x | CN¥582.28 Million | CN¥67.85 Million | ▲ +79.2% |
| 2020 | 0.07x | CN¥1.25 Billion | CN¥81.21 Million | ▼ -91.4% |
| 2019 | 0.75x | CN¥330.73 Million | CN¥249.12 Million | ▲ +623.8% |
| 2016 | 0.10x | CN¥2.09 Billion | CN¥217.84 Million | ▼ -83.8% |
| 2015 | 0.64x | CN¥637.80 Million | CN¥410.75 Million | ▼ -92.7% |
| 2014 | 8.77x | CN¥74.87 Million | CN¥656.81 Million | ▲ +872.0% |
| 2012 | 0.90x | CN¥555.13 Million | CN¥501.06 Million | ▼ -30.8% |
| 2011 | 1.30x | CN¥463.70 Million | CN¥604.38 Million | ▲ +24.9% |
| 2010 | 1.04x | CN¥543.23 Million | CN¥567.06 Million | ▲ +127.5% |
| 2009 | 0.46x | CN¥338.32 Million | CN¥155.21 Million | ▼ -20.9% |
| 2008 | 0.58x | CN¥329.80 Million | CN¥191.27 Million | ▼ -73.2% |
| 2007 | 2.17x | CN¥86.09 Million | CN¥186.55 Million | ▲ +189.9% |
| 2006 | 0.75x | CN¥242.18 Million | CN¥180.99 Million | ▼ -1.7% |
| 2005 | 0.76x | CN¥241.47 Million | CN¥183.55 Million | — |