Three Stars NM (603578) — Capital Reinvestment Ratio
Three Stars NM (603578) has a Capital Reinvestment Ratio of 0.07x as of September 2025, meaning it reinvests 0% of its operating cash flow (CN¥218.35 Million) in capital expenditures (CN¥14.98 Million). Check 603578 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Three Stars NM Capital Reinvestment Ratio (2012–2025)
This chart tracks Three Stars NM's Capital Reinvestment Ratio across 12 annual periods. For the full cash flow conversion analysis, see Three Stars NM (603578) cash flow conversion.
Annual Capital Reinvestment Ratio for Three Stars NM (2012–2025)
Year-by-year Capital Reinvestment Ratio for Three Stars NM from 2012 to 2025. See 603578 cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.23x | CN¥630.21 Million | CN¥145.25 Million | ▼ -99.8% |
| 2024 | 151.15x | CN¥7.45 Million | CN¥1.13 Billion | ▲ +4350.9% |
| 2023 | 3.40x | CN¥125.07 Million | CN¥424.73 Million | ▲ +11.3% |
| 2021 | 3.05x | CN¥16.61 Million | CN¥50.66 Million | ▲ +114.0% |
| 2020 | 1.43x | CN¥30.88 Million | CN¥44.02 Million | ▲ +401.5% |
| 2019 | 0.28x | CN¥245.32 Million | CN¥69.73 Million | ▼ -52.1% |
| 2017 | 0.59x | CN¥36.41 Million | CN¥21.62 Million | ▲ +577.3% |
| 2016 | 0.09x | CN¥41.77 Million | CN¥3.66 Million | ▼ -50.8% |
| 2015 | 0.18x | CN¥39.74 Million | CN¥7.08 Million | ▼ -14.1% |
| 2014 | 0.21x | CN¥45.80 Million | CN¥9.50 Million | ▼ -81.1% |
| 2013 | 1.10x | CN¥33.10 Million | CN¥36.33 Million | ▲ +67.7% |
| 2012 | 0.65x | CN¥26.28 Million | CN¥17.20 Million | — |