Vodafone Group Plc (VODJ) — Capital Reinvestment Ratio
Vodafone Group Plc (VODJ) has a Capital Reinvestment Ratio of 0.24x as of March 2023, meaning it reinvests 0% of its operating cash flow (€5.89 Billion) in capital expenditures (€1.40 Billion). Check VODJ 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
Vodafone Group Plc Capital Reinvestment Ratio (2017–2025)
This chart tracks Vodafone Group Plc's Capital Reinvestment Ratio across 9 annual periods. For the full cash flow conversion analysis, see VODJ operating cash flow.
Annual Capital Reinvestment Ratio for Vodafone Group Plc (2017–2025)
Year-by-year Capital Reinvestment Ratio for Vodafone Group Plc from 2017 to 2025. See VODJ 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 | 0.44x | €15.37 Billion | €6.70 Billion | ▲ +5.2% |
| 2024 | 0.41x | €16.56 Billion | €6.86 Billion | ▲ +19.7% |
| 2023 | 0.35x | €18.05 Billion | €6.25 Billion | ▲ +8.0% |
| 2022 | 0.32x | €18.08 Billion | €5.80 Billion | ▲ +2.0% |
| 2021 | 0.31x | €17.21 Billion | €5.41 Billion | ▲ +5.5% |
| 2020 | 0.30x | €17.38 Billion | €5.18 Billion | ▼ -23.4% |
| 2019 | 0.39x | €12.98 Billion | €5.05 Billion | ▲ +7.7% |
| 2018 | 0.36x | €13.60 Billion | €4.92 Billion | ▼ -18.2% |
| 2017 | 0.44x | €14.22 Billion | €6.29 Billion | — |