diff --git a/lib/react/rails/railtie.rb b/lib/react/rails/railtie.rb
index 43a54989..fd9dec8b 100644
--- a/lib/react/rails/railtie.rb
+++ b/lib/react/rails/railtie.rb
@@ -76,10 +76,8 @@ class Railtie < ::Rails::Railtie
                                                          variant: app.config.react.variant
                                                        })
 
-        sprockets_env = app.assets || app.config.try(:assets) # sprockets-rails 3.x attaches this at a different config
-        unless sprockets_env.nil?
-          sprockets_env.version = [sprockets_env.version, "react-#{asset_variant.react_build}"].compact.join("-")
-        end
+        assets = app.assets || app.config.try(:assets) # sprockets-rails 3.x attaches this at a different config
+        Railtie.append_react_build_to_assets_version!(assets, asset_variant.react_build)
       end
 
       initializer "react_rails.set_variant", after: :engines_blank_point, group: :all do |app|
@@ -114,6 +112,28 @@ class Railtie < ::Rails::Railtie
           React::JSX::SprocketsStrategy.attach_with_strategy(sprockets_env, app.config.react.sprockets_strategy)
         end
       end
+
+      def self.append_react_build_to_assets_version!(assets, react_build)
+        versioned_assets = versioned_assets_for(assets)
+        return if versioned_assets.nil?
+
+        versioned_assets.version = [versioned_assets.version, "react-#{react_build}"].compact.join("-")
+      end
+
+      def self.versioned_assets_for(assets)
+        return assets if versioned_assets?(assets)
+
+        config = assets.config if assets.respond_to?(:config)
+        return config if versioned_assets?(config)
+
+        nil
+      end
+
+      def self.versioned_assets?(assets)
+        assets&.respond_to?(:version) && assets.respond_to?(:version=)
+      end
+
+      private_class_method :versioned_assets_for, :versioned_assets?
     end
   end
 end
diff --git a/test/react/rails/railtie_test.rb b/test/react/rails/railtie_test.rb
index 8352f0e1..12021ffc 100644
--- a/test/react/rails/railtie_test.rb
+++ b/test/react/rails/railtie_test.rb
@@ -3,6 +3,9 @@
 require "test_helper"
 
 class RailtieTest < ActionDispatch::IntegrationTest
+  VersionedAssets = Struct.new(:version)
+  PropshaftLikeAssembly = Struct.new(:config)
+
   test "reloaders are configured after initializers are loaded" do
     @test_file = File.expand_path("../../dummy/app/pants/yfronts.js", File.dirname(__FILE__))
     FileUtils.touch @test_file
@@ -10,4 +13,22 @@ class RailtieTest < ActionDispatch::IntegrationTest
 
     assert_includes(results, true)
   end
+
+  test "cache busting updates asset environments with a direct version" do
+    assets = VersionedAssets.new("1.0")
+
+    React::Rails::Railtie.append_react_build_to_assets_version!(assets, "development")
+
+    assert_equal "1.0-react-development", assets.version
+  end
+
+  test "cache busting updates asset assembly configs with a version" do
+    config = ActiveSupport::OrderedOptions.new
+    config.version = "1.0"
+    assembly = PropshaftLikeAssembly.new(config)
+
+    React::Rails::Railtie.append_react_build_to_assets_version!(assembly, "production")
+
+    assert_equal "1.0-react-production", config.version
+  end
 end