The a2 Milk Company Ltd (A2M) — Capital Reinvestment Ratio

Latest as of June 2026: 1.70x

The a2 Milk Company Ltd (A2M) has a Capital Reinvestment Ratio of 1.70x as of June 2026, meaning it reinvests 2% of its operating cash flow (AU$37.93 Million) in capital expenditures (AU$64.34 Million). Check The a2 Milk Company Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Capital Reinvestment Ratio

1.70x
Capex / Operating Cash Flow

Operating Cash Flow

AU$37.93 Million
AUD

Capital Expenditures

AU$64.34 Million
AUD

Data as of

Jun 2026
Most recent filing

The a2 Milk Company Ltd Capital Reinvestment Ratio (2011–2026)

This chart tracks The a2 Milk Company Ltd's Capital Reinvestment Ratio across 15 annual periods. For the full cash flow conversion analysis, see The a2 Milk Company Ltd cash conversion from operations.

Annual Capital Reinvestment Ratio for The a2 Milk Company Ltd (2011–2026)

Year-by-year Capital Reinvestment Ratio for The a2 Milk Company Ltd from 2011 to 2026. See A2M FCF generation index to measure how efficiently the company converts operating cash flow to free cash.

Year Reinvestment Ratio Operating CF (AUD) Capital Expenditures YoY Change
2026 0.55x AU$133.04 Million AU$73.42 Million ▲ +2700.0%
2025 0.02x AU$201.48 Million AU$3.97 Million ▼ -70.4%
2024 0.07x AU$255.74 Million AU$17.02 Million ▼ -28.8%
2023 0.09x AU$111.28 Million AU$10.41 Million ▲ +156.1%
2022 0.04x AU$141.55 Million AU$5.17 Million ▼ -55.3%
2021 0.08x AU$89.42 Million AU$7.31 Million ▲ +383.9%
2020 0.02x AU$427.41 Million AU$7.22 Million ▲ +45.3%
2019 0.01x AU$289.07 Million AU$3.36 Million ▼ -44.5%
2018 0.02x AU$231.11 Million AU$4.85 Million ▼ -15.2%
2017 0.02x AU$99.94 Million AU$2.47 Million ▼ -74.2%
2016 0.10x AU$21.47 Million AU$2.05 Million ▼ -98.6%
2014 6.70x AU$435.00K AU$2.91 Million ▲ +636.5%
2013 0.91x AU$3.65 Million AU$3.32 Million ▼ -99.2%
2012 115.13x AU$88.00K AU$10.13 Million ▲ +7871.5%
2011 1.44x AU$1.44 Million AU$2.08 Million —
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow