NetEase Inc (NTES) — Cash Flow Reinvestment Rate
Latest as of June 2026:
3.11x
NetEase Inc (NTES) has a Cash Flow Reinvestment Rate of 3.11x as of June 2026, reinvesting $31.06 Billion (capex $21.42 Million plus investments $-31.04 Billion) from operating cash flow of $9.99 Billion. See NTES FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
3.11x
(Capex + Investments) / Operating CF
Total Reinvested
$31.06 Billion
Capex + Investments
Operating Cash Flow
$9.99 Billion
USD
Capital Expenditures
$21.42 Million
USD
NetEase Inc Cash Flow Reinvestment Rate (2002–2025)
Historical reinvestment intensity for NetEase Inc across 24 annual periods. For the full cash flow conversion analysis, see NTES cash flow metrics.
Annual Cash Flow Reinvestment Rate for NetEase Inc (2002–2025)
Year-by-year capital reinvestment analysis for NetEase Inc. See financial agility of NetEase Inc to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.57x | $28.15 Billion | $49.36 Billion | $1.04 Billion | ▲ +12.5% |
| 2024 | 0.51x | $20.12 Billion | $39.68 Billion | $2.21 Billion | ▲ +166.2% |
| 2023 | 0.19x | $6.73 Billion | $35.33 Billion | $4.28 Billion | ▼ -47.3% |
| 2022 | 0.36x | $10.01 Billion | $27.71 Billion | $2.64 Billion | ▲ +30.9% |
| 2021 | 0.28x | $6.88 Billion | $24.93 Billion | $3.11 Billion | ▼ -78.8% |
| 2020 | 1.31x | $32.48 Billion | $24.89 Billion | $3.29 Billion | ▼ -11.8% |
| 2019 | 1.48x | $25.47 Billion | $17.22 Billion | $3.33 Billion | ▲ +52.3% |
| 2018 | 0.97x | $13.03 Billion | $13.42 Billion | $6.89 Billion | ▼ -3.4% |
| 2017 | 1.01x | $11.96 Billion | $11.89 Billion | $1.85 Billion | ▲ +2.9% |
| 2016 | 0.98x | $15.14 Billion | $15.49 Billion | $1.14 Billion | ▲ +664.5% |
| 2015 | 0.13x | $1.03 Billion | $8.08 Billion | $1.03 Billion | ▼ -81.0% |
| 2014 | 0.67x | $3.94 Billion | $5.86 Billion | $618.34 Million | ▼ -9.0% |
| 2013 | 0.74x | $3.87 Billion | $5.24 Billion | $219.84 Million | ▲ +1645.7% |
| 2012 | 0.04x | $178.69 Million | $4.22 Billion | $178.69 Million | ▼ -61.8% |
| 2011 | 0.11x | $450.46 Million | $4.07 Billion | $450.46 Million | ▼ -62.2% |
| 2010 | 0.29x | $612.55 Million | $2.09 Billion | $612.55 Million | ▲ +50.2% |
| 2009 | 0.19x | $407.73 Million | $2.09 Billion | $407.73 Million | ▲ +192.8% |
| 2008 | 0.07x | $134.15 Million | $2.02 Billion | $134.15 Million | ▼ -6.8% |
| 2007 | 0.07x | $98.47 Million | $1.38 Billion | $98.47 Million | ▼ -20.1% |
| 2006 | 0.09x | $142.51 Million | $1.60 Billion | $142.51 Million | ▲ +6.5% |
| 2005 | 0.08x | $92.61 Million | $1.10 Billion | $92.61 Million | ▼ -14.4% |
| 2004 | 0.10x | $60.14 Million | $614.15 Million | $60.14 Million | ▲ +32.0% |
| 2003 | 0.07x | $27.83 Million | $375.00 Million | $27.83 Million | ▼ -31.6% |
| 2002 | 0.11x | $12.56 Million | $115.87 Million | $12.56 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow