Shanghai Smith Adhesive New (603683) — Capital Reinvestment Ratio
Shanghai Smith Adhesive New (603683) has a Capital Reinvestment Ratio of 0.42x as of September 2025, meaning it reinvests 0% of its operating cash flow (CN¥40.43 Million) in capital expenditures (CN¥17.00 Million). Check Shanghai Smith Adhesive New (603683) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Shanghai Smith Adhesive New Capital Reinvestment Ratio (2012–2025)
This chart tracks Shanghai Smith Adhesive New's Capital Reinvestment Ratio across 13 annual periods. For the full cash flow conversion analysis, see Shanghai Smith Adhesive New operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Shanghai Smith Adhesive New (2012–2025)
Year-by-year Capital Reinvestment Ratio for Shanghai Smith Adhesive New from 2012 to 2025. See 603683 FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.85x | CN¥199.84 Million | CN¥169.21 Million | ▼ -42.8% |
| 2024 | 1.48x | CN¥276.20 Million | CN¥409.12 Million | ▲ +43.2% |
| 2023 | 1.03x | CN¥147.83 Million | CN¥152.88 Million | ▲ +103.3% |
| 2022 | 0.51x | CN¥191.64 Million | CN¥97.48 Million | ▼ -42.1% |
| 2021 | 0.88x | CN¥126.19 Million | CN¥110.94 Million | ▼ -10.6% |
| 2020 | 0.98x | CN¥77.76 Million | CN¥76.45 Million | ▼ -58.2% |
| 2019 | 2.35x | CN¥88.24 Million | CN¥207.44 Million | ▼ -47.5% |
| 2017 | 4.48x | CN¥40.33 Million | CN¥180.72 Million | ▲ +150.4% |
| 2016 | 1.79x | CN¥41.57 Million | CN¥74.41 Million | ▲ +65.8% |
| 2015 | 1.08x | CN¥75.23 Million | CN¥81.20 Million | ▲ +175.4% |
| 2014 | 0.39x | CN¥73.54 Million | CN¥28.83 Million | ▲ +36.7% |
| 2013 | 0.29x | CN¥68.23 Million | CN¥19.57 Million | ▼ -48.8% |
| 2012 | 0.56x | CN¥49.20 Million | CN¥27.58 Million | — |