SMA Solar Technology AG (S92) — Capital Reinvestment Ratio
SMA Solar Technology AG (S92) has a Capital Reinvestment Ratio of 0.24x as of September 2025, meaning it reinvests 0% of its operating cash flow (€59.52 Million) in capital expenditures (€14.01 Million). Check SMA Solar Technology AG (S92) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
SMA Solar Technology AG Capital Reinvestment Ratio (2015–2025)
This chart tracks SMA Solar Technology AG's Capital Reinvestment Ratio across 7 annual periods. For the full cash flow conversion analysis, see SMA Solar Technology AG cash conversion from operations.
Annual Capital Reinvestment Ratio for SMA Solar Technology AG (2015–2025)
Year-by-year Capital Reinvestment Ratio for SMA Solar Technology AG from 2015 to 2025. See S92 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 | 0.35x | €142.99 Million | €49.93 Million | ▼ -41.7% |
| 2023 | 0.60x | €140.78 Million | €84.36 Million | ▼ -33.7% |
| 2022 | 0.90x | €28.66 Million | €25.89 Million | ▲ +384.6% |
| 2021 | 0.19x | €94.26 Million | €17.57 Million | ▲ +62.6% |
| 2017 | 0.11x | €116.76 Million | €13.39 Million | ▼ -42.9% |
| 2016 | 0.20x | €144.61 Million | €29.03 Million | ▲ +20.3% |
| 2015 | 0.17x | €104.12 Million | €17.37 Million | — |