Photon Energy N.V. (PEN) — Capital Reinvestment Ratio
Photon Energy N.V. (PEN) has a Capital Reinvestment Ratio of 0.28x as of December 2025, meaning it reinvests 0% of its operating cash flow (zł6.23 Million) in capital expenditures (zł1.72 Million). Check Photon Energy N.V. (PEN) 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
Photon Energy N.V. Capital Reinvestment Ratio (2017–2025)
This chart tracks Photon Energy N.V.'s Capital Reinvestment Ratio across 9 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Photon Energy N.V..
Annual Capital Reinvestment Ratio for Photon Energy N.V. (2017–2025)
Year-by-year Capital Reinvestment Ratio for Photon Energy N.V. from 2017 to 2025. See Photon Energy N.V. free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (PLN) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.36x | zł20.57 Million | zł7.46 Million | ▼ -25.6% |
| 2024 | 0.49x | zł14.32 Million | zł6.98 Million | ▼ -84.9% |
| 2023 | 3.23x | zł7.21 Million | zł23.28 Million | ▼ -66.7% |
| 2022 | 9.69x | zł2.85 Million | zł27.58 Million | ▲ +599.1% |
| 2021 | 1.39x | zł6.22 Million | zł8.62 Million | ▼ -57.9% |
| 2020 | 3.29x | zł5.56 Million | zł18.31 Million | ▲ +22.7% |
| 2019 | 2.68x | zł6.54 Million | zł17.54 Million | ▲ +115.1% |
| 2018 | 1.25x | zł7.65 Million | zł9.55 Million | ▼ -65.2% |
| 2017 | 3.59x | zł2.66 Million | zł9.55 Million | — |