Ambev S.A. (AMNA) — Capital Reinvestment Ratio
Ambev S.A. (AMNA) has a Capital Reinvestment Ratio of 0.19x as of June 2026, meaning it reinvests 0% of its operating cash flow (€4.71 Billion) in capital expenditures (€879.90 Million). Check AMNA 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
Ambev S.A. Capital Reinvestment Ratio (2015–2025)
This chart tracks Ambev S.A.'s Capital Reinvestment Ratio across 11 annual periods. For the full cash flow conversion analysis, see Ambev S.A. (AMNA) cash conversion ratio.
Annual Capital Reinvestment Ratio for Ambev S.A. (2015–2025)
Year-by-year Capital Reinvestment Ratio for Ambev S.A. from 2015 to 2025. See Ambev S.A. (AMNA) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |