First Tractor Co Ltd (601038) — 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 First Tractor Co Ltd net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
First Tractor Co Ltd Capital Reinvestment Ratio (2005–2025)
This chart tracks First Tractor Co Ltd's Capital Reinvestment Ratio across 18 annual periods. Check First Tractor Co Ltd (601038) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for First Tractor Co Ltd (2005–2025)
Year-by-year Capital Reinvestment Ratio for First Tractor Co Ltd from 2005 to 2025. For live market cap and broader valuation context, see 601038 stock market capitalisation.
| 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 | — |