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). See FSMART 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
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.
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. For live market cap and broader valuation context, see Forth Smart Service Public Company Limit (FSMART) market capitalisation.
| 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 | — |