Ambev S.A. (AMNA) — Capital Reinvestment Ratio
Latest as of December 2025:
0.12x
Ambev S.A. (AMNA) has a Capital Reinvestment Ratio of 0.12x as of December 2025, meaning it reinvests 0% of its operating cash flow (€13.25 Billion) in capital expenditures (€1.63 Billion). See cash generation quality of Ambev S.A. to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.12x
Capex / Operating Cash Flow
Operating Cash Flow
€13.25 Billion
EUR
Capital Expenditures
€1.63 Billion
EUR
Data as of
Dec 2025
Most recent filing
Ambev S.A. Capital Reinvestment Ratio (2015–2025)
This chart tracks Ambev S.A.'s Capital Reinvestment Ratio across 11 annual periods.
Annual Capital Reinvestment Ratio for Ambev S.A. (2015–2025)
Year-by-year Capital Reinvestment Ratio for Ambev S.A. from 2015 to 2025. For live market cap and broader valuation context, see Ambev S.A. (AMNA) total market value.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | €24.45 Billion | €4.59 Billion | ▲ +3.2% |
| 2024 | 0.18x | €26.10 Billion | €4.75 Billion | ▼ -25.1% |
| 2023 | 0.24x | €24.71 Billion | €6.00 Billion | ▼ -23.2% |
| 2022 | 0.32x | €20.64 Billion | €6.53 Billion | ▼ -5.6% |
| 2021 | 0.34x | €22.90 Billion | €7.68 Billion | ▲ +34.7% |
| 2020 | 0.25x | €18.86 Billion | €4.69 Billion | ▼ -9.8% |
| 2019 | 0.28x | €18.38 Billion | €5.07 Billion | ▲ +41.7% |
| 2018 | 0.19x | €18.35 Billion | €3.57 Billion | ▲ +8.6% |
| 2017 | 0.18x | €17.87 Billion | €3.20 Billion | ▼ -46.5% |
| 2016 | 0.33x | €12.34 Billion | €4.13 Billion | ▲ +50.1% |
| 2015 | 0.22x | €23.58 Billion | €5.26 Billion | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow