Telefónica S.A (TNE2) — Capital Reinvestment Ratio
Latest as of September 2023:
0.46x
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 TNE2 free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.46x
Capex / Operating Cash Flow
Operating Cash Flow
€2.95 Billion
EUR
Capital Expenditures
€1.36 Billion
EUR
Data as of
Sep 2023
Most recent filing
Telefónica S.A Capital Reinvestment Ratio (2016–2022)
This chart tracks Telefónica S.A's Capital Reinvestment Ratio across 7 annual periods.
Annual Capital Reinvestment Ratio for Telefónica S.A (2016–2022)
Year-by-year Capital Reinvestment Ratio for Telefónica S.A from 2016 to 2022. For live market cap and broader valuation context, see TNE2 market cap.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow