Novoray Corporation (688300) — Capital Reinvestment Ratio
Novoray Corporation (688300) has a Capital Reinvestment Ratio of 0.23x as of September 2025, meaning it reinvests 0% of its operating cash flow (CN¥93.17 Million) in capital expenditures (CN¥21.60 Million). Check Novoray Corporation tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Novoray Corporation Capital Reinvestment Ratio (2012–2024)
This chart tracks Novoray Corporation's Capital Reinvestment Ratio across 13 annual periods. For the full cash flow conversion analysis, see 688300 cash flow metrics.
Annual Capital Reinvestment Ratio for Novoray Corporation (2012–2024)
Year-by-year Capital Reinvestment Ratio for Novoray Corporation from 2012 to 2024. See Novoray Corporation free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.35x | CN¥254.71 Million | CN¥89.58 Million | ▲ +63.8% |
| 2023 | 0.21x | CN¥246.95 Million | CN¥53.02 Million | ▼ -66.6% |
| 2022 | 0.64x | CN¥240.68 Million | CN¥154.82 Million | ▼ -52.5% |
| 2021 | 1.36x | CN¥153.42 Million | CN¥207.97 Million | ▼ -2.1% |
| 2020 | 1.38x | CN¥89.69 Million | CN¥124.13 Million | ▲ +84.8% |
| 2019 | 0.75x | CN¥80.58 Million | CN¥60.34 Million | ▲ +64.9% |
| 2018 | 0.45x | CN¥55.69 Million | CN¥25.28 Million | ▼ -88.8% |
| 2017 | 4.05x | CN¥6.50 Million | CN¥26.30 Million | ▲ +1109.7% |
| 2016 | 0.33x | CN¥23.17 Million | CN¥7.75 Million | ▼ -68.9% |
| 2015 | 1.08x | CN¥7.42 Million | CN¥8.00 Million | ▲ +619.0% |
| 2014 | 0.15x | CN¥17.33 Million | CN¥2.60 Million | ▼ -36.7% |
| 2013 | 0.24x | CN¥27.80 Million | CN¥6.58 Million | ▼ -87.6% |
| 2012 | 1.92x | CN¥16.16 Million | CN¥30.96 Million | — |