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). Check tangible equity quality of First Tractor Co Ltd to evaluate the tangible quality of the company's equity base.

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. For the full cash flow conversion analysis, see how efficiently does First Tractor Co Ltd generate cash.

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. See First Tractor Co Ltd free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.

Year Reinvestment Ratio Operating CF (CNY) Capital Expenditures YoY Change
2025 0.18x 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