Westpac Banking Corporation (WBC) — Capital Reinvestment Ratio
Westpac Banking Corporation (WBC) has a Capital Reinvestment Ratio of 0.01x as of March 2026, meaning it reinvests 0% of its operating cash flow (AU$11.15 Billion) in capital expenditures (AU$115.00 Million). Check WBC goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Westpac Banking Corporation Capital Reinvestment Ratio (1990–2025)
This chart tracks Westpac Banking Corporation's Capital Reinvestment Ratio across 25 annual periods. For the full cash flow conversion analysis, see Westpac Banking Corporation (WBC) cash flow conversion.
Annual Capital Reinvestment Ratio for Westpac Banking Corporation (1990–2025)
Year-by-year Capital Reinvestment Ratio for Westpac Banking Corporation from 1990 to 2025. See Westpac Banking Corporation (WBC) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (AUD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.03x | AU$13.93 Billion | AU$371.00 Million | ▲ +89.8% |
| 2021 | 0.01x | AU$16.67 Billion | AU$234.00 Million | ▲ +73.9% |
| 2020 | 0.01x | AU$29.74 Billion | AU$240.00 Million | ▼ -82.7% |
| 2019 | 0.05x | AU$5.99 Billion | AU$280.00 Million | ▲ +29.3% |
| 2017 | 0.04x | AU$29.27 Billion | AU$1.06 Billion | ▼ -84.7% |
| 2016 | 0.24x | AU$5.38 Billion | AU$1.28 Billion | ▲ +406.4% |
| 2016 | 0.05x | AU$20.04 Billion | AU$938.00 Million | ▼ -15.5% |
| 2015 | 0.06x | AU$18.46 Billion | AU$1.02 Billion | ▼ -93.9% |
| 2014 | 0.91x | AU$1.09 Billion | AU$992.00 Million | ▲ +929.1% |
| 2013 | 0.09x | AU$3.42 Billion | AU$304.00 Million | ▼ -95.2% |
| 2010 | 1.87x | AU$468.00 Million | AU$874.00 Million | ▲ +6584.8% |
| 2009 | 0.03x | AU$20.76 Billion | AU$580.00 Million | ▼ -62.3% |
| 2005 | 0.07x | AU$4.57 Billion | AU$338.83 Million | ▲ +43.1% |
| 2004 | 0.05x | AU$5.49 Billion | AU$284.48 Million | ▼ -2.4% |
| 2003 | 0.05x | AU$6.09 Billion | AU$323.53 Million | ▼ -29.5% |
| 2002 | 0.08x | AU$3.77 Billion | AU$283.64 Million | ▼ -7.8% |
| 2001 | 0.08x | AU$3.65 Billion | AU$298.17 Million | ▼ -57.6% |
| 2000 | 0.19x | AU$2.17 Billion | AU$418.12 Million | ▼ -73.3% |
| 1999 | 0.72x | AU$501.19 Million | AU$362.02 Million | ▲ +260.8% |
| 1998 | 0.20x | AU$1.99 Billion | AU$398.31 Million | ▼ -99.7% |
| 1997 | 64.06x | AU$4.96 Million | AU$317.76 Million | ▲ +143834.0% |
| 1994 | 0.04x | AU$3.05 Billion | AU$135.93 Million | ▼ -51.8% |
| 1993 | 0.09x | AU$1.08 Billion | AU$100.19 Million | ▲ +94.3% |
| 1992 | 0.05x | AU$2.39 Billion | AU$113.52 Million | ▼ -71.1% |
| 1990 | 0.16x | AU$3.46 Billion | AU$568.47 Million | — |