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). See debt-free asset ratio of Photon Energy N.V. to measure how much of total assets are equity-financed.
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. Check total reinvestment intensity of Photon Energy N.V. to assess the company's total reinvestment commitment from operating cash flow.
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 PEN market cap overview.
| 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 | — |