NetEase Inc (NEH) — Cash Flow Reinvestment Rate

Latest as of September 2025: 1.91x

NetEase Inc (NEH) has a Cash Flow Reinvestment Rate of 1.91x as of September 2025, reinvesting €24.70 Billion (capex €474.63 Million plus investments €-24.22 Billion) from operating cash flow of €12.95 Billion. See NEH free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

1.91x
(Capex + Investments) / Operating CF

Total Reinvested

€24.70 Billion
Capex + Investments

Operating Cash Flow

€12.95 Billion
EUR

Capital Expenditures

€474.63 Million
EUR

NetEase Inc Cash Flow Reinvestment Rate (2015–2024)

Historical reinvestment intensity for NetEase Inc across 10 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of NetEase Inc.

Annual Cash Flow Reinvestment Rate for NetEase Inc (2015–2024)

Year-by-year capital reinvestment analysis for NetEase Inc. See NetEase Inc leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (EUR) Operating CF Capex YoY Change
2024 0.51x €20.41 Billion €39.68 Billion €2.21 Billion ▲ +11.3%
2023 0.46x €16.34 Billion €35.33 Billion €4.28 Billion ▲ +95.8%
2022 0.24x €6.54 Billion €27.71 Billion €2.10 Billion ▲ +9.6%
2021 0.22x €5.37 Billion €24.93 Billion €1.60 Billion ▼ -80.0%
2020 1.08x €26.81 Billion €24.89 Billion €1.06 Billion ▼ -34.3%
2019 1.64x €28.23 Billion €17.22 Billion €1.21 Billion ▲ +164.6%
2018 0.62x €8.32 Billion €13.42 Billion €2.17 Billion ▼ -37.4%
2017 0.99x €11.77 Billion €11.89 Billion €1.65 Billion ▲ +1.2%
2016 0.98x €15.14 Billion €15.49 Billion €1.14 Billion ▲ +432.5%
2015 0.18x €1.48 Billion €8.08 Billion €866.31 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow