Nokia Oyj (NOKIA) — Cash Flow Reinvestment Rate
Nokia Oyj (NOKIA) has a Cash Flow Reinvestment Rate of 0.60x as of September 2025, reinvesting €357.00 Million (capex €168.00 Million plus investments €-189.00 Million) from operating cash flow of €597.00 Million. Check NOKIA cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Nokia Oyj Cash Flow Reinvestment Rate (1996–2024)
Historical reinvestment intensity for Nokia Oyj across 27 annual periods. Explore NOKIA long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Nokia Oyj (1996–2024)
Year-by-year capital reinvestment analysis for Nokia Oyj. For live market cap and broader valuation context, see Nokia Oyj market capitalisation.
| Year | Reinvestment Rate | Total Reinvested (EUR) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.24x | €589.00 Million | €2.49 Billion | €472.00 Million | ▼ -81.4% |
| 2023 | 1.27x | €1.67 Billion | €1.32 Billion | €652.00 Million | ▼ -24.7% |
| 2022 | 1.68x | €2.48 Billion | €1.47 Billion | €601.00 Million | ▲ +144.6% |
| 2021 | 0.69x | €1.81 Billion | €2.63 Billion | €560.00 Million | ▼ -16.4% |
| 2020 | 0.82x | €1.45 Billion | €1.76 Billion | €479.00 Million | ▼ -72.6% |
| 2019 | 3.01x | €1.17 Billion | €390.00 Million | €690.00 Million | ▲ +9.3% |
| 2018 | 2.75x | €990.00 Million | €360.00 Million | €672.00 Million | ▲ +218.6% |
| 2017 | 0.86x | €1.56 Billion | €1.81 Billion | €601.00 Million | ▼ -23.9% |
| 2015 | 1.13x | €575.00 Million | €507.00 Million | €314.00 Million | ▼ -4.7% |
| 2014 | 1.19x | €1.52 Billion | €1.27 Billion | €311.00 Million | ▼ -78.9% |
| 2013 | 5.65x | €407.00 Million | €72.00 Million | €407.00 Million | ▲ +976.6% |
| 2011 | 0.53x | €597.00 Million | €1.14 Billion | €597.00 Million | ▲ +269.2% |
| 2010 | 0.14x | €679.00 Million | €4.77 Billion | €679.00 Million | ▼ -17.2% |
| 2009 | 0.17x | €558.00 Million | €3.25 Billion | €558.00 Million | ▼ -46.1% |
| 2008 | 0.32x | €1.02 Billion | €3.20 Billion | €1.02 Billion | ▲ +188.4% |
| 2007 | 0.11x | €873.11 Million | €7.89 Billion | €873.11 Million | ▼ -36.2% |
| 2006 | 0.17x | €776.63 Million | €4.48 Billion | €776.63 Million | ▲ +18.5% |
| 2005 | 0.15x | €606.21 Million | €4.14 Billion | €606.21 Million | ▲ +16.1% |
| 2004 | 0.13x | €547.36 Million | €4.34 Billion | €547.36 Million | ▲ +53.1% |
| 2003 | 0.08x | €431.16 Million | €5.24 Billion | €431.16 Million | ▲ +10.8% |
| 2002 | 0.07x | €432.65 Million | €5.82 Billion | €432.65 Million | ▼ -53.2% |
| 2001 | 0.16x | €1.04 Billion | €6.56 Billion | €1.04 Billion | ▼ -64.7% |
| 2000 | 0.45x | €1.58 Billion | €3.52 Billion | €1.58 Billion | ▲ +7.3% |
| 1999 | 0.42x | €1.31 Billion | €3.11 Billion | €1.31 Billion | ▼ -15.4% |
| 1998 | 0.50x | €833.05 Million | €1.68 Billion | €833.05 Million | ▲ +31.3% |
| 1997 | 0.38x | €646.36 Million | €1.71 Billion | €646.36 Million | ▲ +16.3% |
| 1996 | 0.33x | €466.82 Million | €1.44 Billion | €466.82 Million | — |