First Tractor Co Ltd (601038) — Capital Reinvestment Ratio
Latest as of September 2025:
0.04x
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 to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.04x
Capex / Operating Cash Flow
Operating Cash Flow
CN¥716.55 Million
CNY
Capital Expenditures
CN¥27.42 Million
CNY
Data as of
Sep 2025
Most recent filing
First Tractor Co Ltd Capital Reinvestment Ratio (2005–2025)
This chart tracks First Tractor Co Ltd's Capital Reinvestment Ratio across 18 annual periods.
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 market cap overview.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow