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

Latest as of December 2025: 0.10x

The a2 Milk Company Ltd (A2M) has a Capital Reinvestment Ratio of 0.10x as of December 2025, meaning it reinvests 0% of its operating cash flow (AU$95.20 Million) in capital expenditures (AU$9.09 Million). See A2M FCF generation index to measure how efficiently the company converts operating cash flow to free cash.

Capital Reinvestment Ratio

0.10x
Capex / Operating Cash Flow

Operating Cash Flow

AU$95.20 Million
AUD

Capital Expenditures

AU$9.09 Million
AUD

Data as of

Dec 2025
Most recent filing

The a2 Milk Company Ltd Capital Reinvestment Ratio (2011–2025)

This chart tracks The a2 Milk Company Ltd's Capital Reinvestment Ratio across 14 annual periods.

Annual Capital Reinvestment Ratio for The a2 Milk Company Ltd (2011–2025)

Year-by-year Capital Reinvestment Ratio for The a2 Milk Company Ltd from 2011 to 2025. For live market cap and broader valuation context, see A2M stock market capitalisation.

Year Reinvestment Ratio Operating CF (AUD) Capital Expenditures YoY Change
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