Telstra Group Ltd (TLS) — Capital Reinvestment Ratio
Latest as of December 2025:
0.38x
Telstra Group Ltd (TLS) has a Capital Reinvestment Ratio of 0.38x as of December 2025, meaning it reinvests 0% of its operating cash flow (AU$3.25 Billion) in capital expenditures (AU$1.25 Billion). See Telstra Group Ltd (TLS) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.38x
Capex / Operating Cash Flow
Operating Cash Flow
AU$3.25 Billion
AUD
Capital Expenditures
AU$1.25 Billion
AUD
Data as of
Dec 2025
Most recent filing
Telstra Group Ltd Capital Reinvestment Ratio (1994–2025)
This chart tracks Telstra Group Ltd's Capital Reinvestment Ratio across 30 annual periods.
Annual Capital Reinvestment Ratio for Telstra Group Ltd (1994–2025)
Year-by-year Capital Reinvestment Ratio for Telstra Group Ltd from 1994 to 2025. For live market cap and broader valuation context, see market cap of Telstra Group Ltd.
| Year | Reinvestment Ratio | Operating CF (AUD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.53x | AU$7.32 Billion | AU$3.87 Billion | ▼ -32.6% |
| 2024 | 0.78x | AU$6.45 Billion | AU$5.06 Billion | ▲ +26.6% |
| 2023 | 0.62x | AU$6.24 Billion | AU$3.87 Billion | ▲ +36.7% |
| 2022 | 0.45x | AU$6.82 Billion | AU$3.09 Billion | ▼ -3.9% |
| 2021 | 0.47x | AU$6.66 Billion | AU$3.14 Billion | ▼ -13.6% |
| 2020 | 0.55x | AU$6.31 Billion | AU$3.44 Billion | ▲ +13.7% |
| 2019 | 0.48x | AU$6.68 Billion | AU$3.21 Billion | ▲ +15.6% |
| 2018 | 0.41x | AU$8.61 Billion | AU$3.57 Billion | ▼ -13.4% |
| 2017 | 0.48x | AU$7.78 Billion | AU$3.73 Billion | ▼ -7.1% |
| 2016 | 0.52x | AU$8.13 Billion | AU$4.19 Billion | ▼ -16.0% |
| 2015 | 0.61x | AU$8.31 Billion | AU$5.10 Billion | ▲ +40.5% |
| 2014 | 0.44x | AU$8.61 Billion | AU$3.76 Billion | ▼ -19.0% |
| 2013 | 0.54x | AU$8.36 Billion | AU$4.51 Billion | ▲ +26.7% |
| 2012 | 0.43x | AU$9.28 Billion | AU$3.95 Billion | ▲ +5.0% |
| 2011 | 0.41x | AU$8.02 Billion | AU$3.25 Billion | ▲ +9.3% |
| 2010 | 0.37x | AU$9.69 Billion | AU$3.60 Billion | ▼ -30.4% |
| 2009 | 0.53x | AU$9.00 Billion | AU$4.79 Billion | ▼ -11.5% |
| 2008 | 0.60x | AU$8.84 Billion | AU$5.33 Billion | ▼ -9.2% |
| 2007 | 0.66x | AU$8.52 Billion | AU$5.65 Billion | ▲ +33.5% |
| 2006 | 0.50x | AU$8.56 Billion | AU$4.25 Billion | ▲ +15.1% |
| 2005 | 0.43x | AU$8.16 Billion | AU$3.52 Billion | ▲ +6.7% |
| 2004 | 0.40x | AU$7.43 Billion | AU$3.01 Billion | ▼ -12.4% |
| 2003 | 0.46x | AU$7.06 Billion | AU$3.26 Billion | ▼ -5.9% |
| 2002 | 0.49x | AU$7.10 Billion | AU$3.48 Billion | ▼ -24.6% |
| 2001 | 0.65x | AU$6.60 Billion | AU$4.30 Billion | ▲ +6.4% |
| 2000 | 0.61x | AU$6.55 Billion | AU$4.01 Billion | ▼ -18.5% |
| 1997 | 0.75x | AU$5.25 Billion | AU$3.94 Billion | ▼ -12.9% |
| 1996 | 0.86x | AU$4.51 Billion | AU$3.89 Billion | ▲ +40.7% |
| 1995 | 0.61x | AU$5.29 Billion | AU$3.24 Billion | ▲ +6.8% |
| 1994 | 0.57x | AU$4.20 Billion | AU$2.41 Billion | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow