Santos Ltd Capital Reinvestment Ratio
Santos Ltd capital reinvestment ratio. Santos Ltd (STO) has a Capital Reinvestment Ratio of 0.83x as of December 2025, meaning it reinvests 1% of its operating cash flow (AU$1.12 Billion) in capital expenditures (AU$930.22 Million). See STO free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Santos Ltd (1991–2025)
Capital reinvestment ratio of Santos Ltd from 1991 to 2025. This chart tracks Santos Ltd's Capital Reinvestment Ratio across 35 annual periods. See Santos Ltd financial flexibility index to measure the company's free cash flow as a share of total liabilities.
Santos Ltd Capital Reinvestment Ratio by Year (1991–2025)
Santos Ltd capital reinvestment ratio by year from 1991 to 2025. For the full cash flow conversion analysis, see Santos Ltd cash conversion from operations.
| Year | Reinvestment Ratio | Operating CF (AUD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.76x | AU$2.65 Billion | AU$2.00 Billion | ▼ -10.1% |
| 2024 | 0.84x | AU$2.85 Billion | AU$2.40 Billion | ▲ +15.9% |
| 2023 | 0.73x | AU$3.26 Billion | AU$2.37 Billion | ▲ +64.4% |
| 2022 | 0.44x | AU$3.86 Billion | AU$1.71 Billion | ▼ -8.9% |
| 2021 | 0.49x | AU$2.27 Billion | AU$1.10 Billion | ▲ +285.2% |
| 2020 | 0.13x | AU$1.48 Billion | AU$186.00 Million | ▼ -0.1% |
| 2019 | 0.13x | AU$2.05 Billion | AU$258.00 Million | ▲ +271.0% |
| 2018 | 0.03x | AU$2.24 Billion | AU$76.00 Million | ▼ -94.9% |
| 2017 | 0.67x | AU$1.02 Billion | AU$683.00 Million | ▲ +31.1% |
| 2016 | 0.51x | AU$1.31 Billion | AU$667.00 Million | ▼ -68.7% |
| 2015 | 1.62x | AU$899.59 Million | AU$1.46 Billion | ▼ -9.9% |
| 2014 | 1.80x | AU$1.53 Billion | AU$2.76 Billion | ▼ -38.6% |
| 2013 | 2.93x | AU$1.29 Billion | AU$3.78 Billion | ▲ +61.3% |
| 2012 | 1.82x | AU$1.77 Billion | AU$3.22 Billion | ▲ +7.0% |
| 2011 | 1.70x | AU$1.30 Billion | AU$2.21 Billion | ▲ +23.6% |
| 2010 | 1.38x | AU$1.25 Billion | AU$1.73 Billion | ▼ -1.2% |
| 2009 | 1.39x | AU$1.11 Billion | AU$1.54 Billion | ▲ +82.1% |
| 2008 | 0.76x | AU$1.44 Billion | AU$1.10 Billion | ▼ -30.0% |
| 2007 | 1.09x | AU$1.06 Billion | AU$1.16 Billion | ▲ +33.0% |
| 2006 | 0.82x | AU$1.22 Billion | AU$999.21 Million | ▲ +15.5% |
| 2005 | 0.71x | AU$1.10 Billion | AU$778.79 Million | ▼ -46.7% |
| 2004 | 1.33x | AU$475.77 Million | AU$634.66 Million | ▲ +59.4% |
| 2003 | 0.84x | AU$681.77 Million | AU$570.66 Million | ▼ -3.0% |
| 2002 | 0.86x | AU$450.90 Million | AU$388.89 Million | ▼ -22.9% |
| 2001 | 1.12x | AU$315.98 Million | AU$353.54 Million | ▲ +75.8% |
| 2000 | 0.64x | AU$607.29 Million | AU$386.50 Million | ▼ -21.9% |
| 1999 | 0.81x | AU$339.78 Million | AU$276.86 Million | ▲ +92.3% |
| 1998 | 0.42x | AU$268.69 Million | AU$113.85 Million | ▼ -5.4% |
| 1997 | 0.45x | AU$284.94 Million | AU$127.63 Million | ▼ -46.0% |
| 1996 | 0.83x | AU$341.96 Million | AU$283.41 Million | ▲ +51.5% |
| 1995 | 0.55x | AU$266.78 Million | AU$145.90 Million | ▼ -22.2% |
| 1994 | 0.70x | AU$285.00 Million | AU$200.44 Million | ▲ +6.9% |
| 1993 | 0.66x | AU$286.26 Million | AU$188.29 Million | ▲ +27.6% |
| 1992 | 0.52x | AU$257.86 Million | AU$132.96 Million | ▼ -19.5% |
| 1991 | 0.64x | AU$242.28 Million | AU$155.10 Million | — |