Capex S.A (CAPX) — Capital Reinvestment Ratio
Capex S.A (CAPX) has a Capital Reinvestment Ratio of 4.06x as of January 2026, meaning it reinvests 4% of its operating cash flow (AR$7.03 Billion) in capital expenditures (AR$28.53 Billion). Check CAPX tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capex S.A Capital Reinvestment Ratio (2016–2025)
This chart tracks Capex S.A's Capital Reinvestment Ratio across 10 annual periods. For the full cash flow conversion analysis, see CAPX cash flow metrics.
Annual Capital Reinvestment Ratio for Capex S.A (2016–2025)
Year-by-year Capital Reinvestment Ratio for Capex S.A from 2016 to 2025. See Capex S.A (CAPX) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (ARS) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.02x | AR$174.40 Billion | AR$178.07 Billion | ▼ -54.4% |
| 2024 | 2.24x | AR$78.50 Billion | AR$175.65 Billion | ▲ +80.8% |
| 2023 | 1.24x | AR$29.33 Billion | AR$36.29 Billion | ▲ +39.4% |
| 2022 | 0.89x | AR$37.01 Billion | AR$32.86 Billion | ▲ +48.5% |
| 2021 | 0.60x | AR$5.26 Billion | AR$3.14 Billion | ▼ -45.4% |
| 2020 | 1.09x | AR$3.94 Billion | AR$4.32 Billion | ▲ +39.9% |
| 2019 | 0.78x | AR$6.95 Billion | AR$5.44 Billion | ▲ +52.3% |
| 2018 | 0.51x | AR$3.40 Billion | AR$1.75 Billion | ▲ +6.8% |
| 2017 | 0.48x | AR$2.03 Billion | AR$976.94 Million | ▼ -37.4% |
| 2016 | 0.77x | AR$824.40 Million | AR$633.36 Million | — |