Aspen Group (APZ) — Capital Reinvestment Ratio
Aspen Group (APZ) has a Capital Reinvestment Ratio of 0.02x as of December 2025, meaning it reinvests 0% of its operating cash flow (AU$20.74 Million) in capital expenditures (AU$453.00K). Check tangible equity quality of Aspen Group to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Aspen Group Capital Reinvestment Ratio (1992–2025)
This chart tracks Aspen Group's Capital Reinvestment Ratio across 22 annual periods. For the full cash flow conversion analysis, see APZ operating cash flow.
Annual Capital Reinvestment Ratio for Aspen Group (1992–2025)
Year-by-year Capital Reinvestment Ratio for Aspen Group from 1992 to 2025. See Aspen Group free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (AUD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.07x | AU$22.90 Million | AU$1.52 Million | ▲ +12.4% |
| 2024 | 0.06x | AU$30.95 Million | AU$1.83 Million | ▼ -63.4% |
| 2023 | 0.16x | AU$14.06 Million | AU$2.27 Million | ▲ +660.8% |
| 2022 | 0.02x | AU$76.37 Million | AU$1.62 Million | ▼ -74.7% |
| 2021 | 0.08x | AU$12.74 Million | AU$1.07 Million | ▼ -11.8% |
| 2020 | 0.09x | AU$11.24 Million | AU$1.07 Million | ▼ -98.6% |
| 2019 | 7.03x | AU$3.85 Million | AU$27.05 Million | ▲ +3.2% |
| 2018 | 6.81x | AU$5.14 Million | AU$35.03 Million | ▲ +39.2% |
| 2017 | 4.89x | AU$4.61 Million | AU$22.55 Million | ▼ -1.2% |
| 2016 | 4.95x | AU$4.83 Million | AU$23.94 Million | ▼ -68.2% |
| 2015 | 15.58x | AU$3.42 Million | AU$53.21 Million | ▲ +21037840.1% |
| 2014 | 0.00x | AU$40.51 Million | AU$3.00K | ▼ -100.0% |
| 2011 | 0.32x | AU$36.85 Million | AU$11.80 Million | ▼ -37.7% |
| 2010 | 0.51x | AU$31.11 Million | AU$15.99 Million | ▼ -14.1% |
| 2009 | 0.60x | AU$15.01 Million | AU$8.98 Million | ▼ -6.4% |
| 2008 | 0.64x | AU$40.53 Million | AU$25.93 Million | ▲ +26.7% |
| 2007 | 0.50x | AU$23.52 Million | AU$11.88 Million | ▲ +5631.8% |
| 2006 | 0.01x | AU$18.16 Million | AU$160.00K | ▼ -5.7% |
| 2005 | 0.01x | AU$8.24 Million | AU$77.00K | ▼ -99.9% |
| 2004 | 13.71x | AU$4.13 Million | AU$56.57 Million | ▲ +15369.7% |
| 2003 | 0.09x | AU$79.00K | AU$7.00K | ▼ -45.1% |
| 1992 | 0.16x | AU$93.00K | AU$15.00K | — |