Telefónica S.A Capital Reinvestment Ratio
Telefónica S.A capital reinvestment ratio. Telefónica S.A (TNE2) has a Capital Reinvestment Ratio of 0.46x as of September 2023, meaning it reinvests 0% of its operating cash flow (€2.95 Billion) in capital expenditures (€1.36 Billion). See how much free cash does Telefónica S.A generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Telefónica S.A (2016–2022)
Capital reinvestment ratio of Telefónica S.A from 2016 to 2022. This chart tracks Telefónica S.A's Capital Reinvestment Ratio across 7 annual periods. See TNE2 FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
Telefónica S.A Capital Reinvestment Ratio by Year (2016–2022)
Telefónica S.A capital reinvestment ratio by year from 2016 to 2022. For the full cash flow conversion analysis, see Telefónica S.A (TNE2) cash flow conversion.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2022 | 0.54x | €11.76 Billion | €6.35 Billion | ▼ -17.6% |
| 2021 | 0.66x | €10.27 Billion | €6.73 Billion | ▲ +14.8% |
| 2020 | 0.57x | €13.20 Billion | €7.53 Billion | ▲ +1.9% |
| 2019 | 0.56x | €15.02 Billion | €8.41 Billion | ▼ -14.4% |
| 2018 | 0.65x | €13.42 Billion | €8.78 Billion | ▼ -1.3% |
| 2017 | 0.66x | €13.80 Billion | €9.14 Billion | ▼ -3.8% |
| 2016 | 0.69x | €13.34 Billion | €9.19 Billion | — |