Photon Energy N.V. (PEN) — Capital Reinvestment Ratio
Latest as of December 2025:
0.28x
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). See Photon Energy N.V. free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.28x
Capex / Operating Cash Flow
Operating Cash Flow
zł6.23 Million
PLN
Capital Expenditures
zł1.72 Million
PLN
Data as of
Dec 2025
Most recent filing
Photon Energy N.V. Capital Reinvestment Ratio (2017–2025)
This chart tracks Photon Energy N.V.'s Capital Reinvestment Ratio across 9 annual periods.
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. For live market cap and broader valuation context, see market value of Photon Energy N.V..
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow