Forth Smart Service Public Company Limited (FSMART) — Capital Reinvestment Ratio
Forth Smart Service Public Company Limited (FSMART) has a Capital Reinvestment Ratio of 0.38x as of December 2025, meaning it reinvests 0% of its operating cash flow (฿126.96 Million) in capital expenditures (฿48.37 Million). Check how tangible is Forth Smart Service Public Company Limit's equity to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Forth Smart Service Public Company Limited Capital Reinvestment Ratio (2012–2025)
This chart tracks Forth Smart Service Public Company Limited's Capital Reinvestment Ratio across 13 annual periods. For the full cash flow conversion analysis, see Forth Smart Service Public Company Limit (FSMART) cash flow conversion.
Annual Capital Reinvestment Ratio for Forth Smart Service Public Company Limited (2012–2025)
Year-by-year Capital Reinvestment Ratio for Forth Smart Service Public Company Limited from 2012 to 2025. See Forth Smart Service Public Company Limit (FSMART) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (THB) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.35x | ฿479.67 Million | ฿167.39 Million | ▲ +71.3% |
| 2023 | 0.20x | ฿550.56 Million | ฿112.17 Million | ▼ -22.8% |
| 2022 | 0.26x | ฿601.25 Million | ฿158.61 Million | ▲ +124.0% |
| 2021 | 0.12x | ฿1.03 Billion | ฿120.88 Million | ▲ +31.0% |
| 2020 | 0.09x | ฿1.06 Billion | ฿94.98 Million | ▼ -29.1% |
| 2019 | 0.13x | ฿968.07 Million | ฿122.72 Million | ▼ -1.6% |
| 2018 | 0.13x | ฿1.07 Billion | ฿137.37 Million | ▼ -87.6% |
| 2017 | 1.04x | ฿1.11 Billion | ฿1.15 Billion | ▼ -35.7% |
| 2016 | 1.62x | ฿772.82 Million | ฿1.25 Billion | ▲ +53.1% |
| 2015 | 1.05x | ฿628.94 Million | ฿663.46 Million | ▲ +8.8% |
| 2014 | 0.97x | ฿306.12 Million | ฿296.79 Million | ▼ -24.2% |
| 2013 | 1.28x | ฿296.67 Million | ฿379.67 Million | ▼ -69.8% |
| 2012 | 4.23x | ฿100.70 Million | ฿426.19 Million | — |