Clicks (CLS) — Capital Reinvestment Ratio
Latest as of February 2026:
0.30x
Clicks (CLS) has a Capital Reinvestment Ratio of 0.30x as of February 2026, meaning it reinvests 0% of its operating cash flow (ZAC1.05 Billion) in capital expenditures (ZAC310.58 Million). Check Clicks tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
0.30x
Capex / Operating Cash Flow
Operating Cash Flow
ZAC1.05 Billion
ZAC
Capital Expenditures
ZAC310.58 Million
ZAC
Data as of
Feb 2026
Most recent filing
Clicks Capital Reinvestment Ratio (2002–2025)
This chart tracks Clicks's Capital Reinvestment Ratio across 23 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Clicks.
Annual Capital Reinvestment Ratio for Clicks (2002–2025)
Year-by-year Capital Reinvestment Ratio for Clicks from 2002 to 2025. See Clicks free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (ZAC) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | ZAC5.24 Billion | ZAC984.53 Million | ▼ -1.3% |
| 2024 | 0.19x | ZAC4.68 Billion | ZAC890.86 Million | ▼ -32.3% |
| 2023 | 0.28x | ZAC3.31 Billion | ZAC930.00 Million | ▼ -35.7% |
| 2022 | 0.44x | ZAC1.92 Billion | ZAC837.60 Million | ▲ +46.4% |
| 2021 | 0.30x | ZAC2.31 Billion | ZAC689.74 Million | ▼ -23.4% |
| 2020 | 0.39x | ZAC1.52 Billion | ZAC590.88 Million | ▲ +13.6% |
| 2019 | 0.34x | ZAC1.89 Billion | ZAC646.71 Million | ▼ -28.8% |
| 2018 | 0.48x | ZAC1.39 Billion | ZAC671.23 Million | ▼ -20.6% |
| 2017 | 0.61x | ZAC853.80 Million | ZAC517.85 Million | ▲ +6.3% |
| 2016 | 0.57x | ZAC759.14 Million | ZAC432.96 Million | ▲ +23.3% |
| 2015 | 0.46x | ZAC798.99 Million | ZAC369.55 Million | ▲ +42.2% |
| 2014 | 0.33x | ZAC1.04 Billion | ZAC336.85 Million | ▼ -35.0% |
| 2013 | 0.50x | ZAC618.81 Million | ZAC309.89 Million | ▼ -16.5% |
| 2012 | 0.60x | ZAC426.32 Million | ZAC255.79 Million | ▲ +6.1% |
| 2011 | 0.57x | ZAC381.56 Million | ZAC215.70 Million | ▼ -48.4% |
| 2010 | 1.10x | ZAC188.39 Million | ZAC206.48 Million | ▲ +322.7% |
| 2009 | 0.26x | ZAC866.40 Million | ZAC224.62 Million | ▼ -84.0% |
| 2008 | 1.62x | ZAC107.53 Million | ZAC174.30 Million | ▲ +970.7% |
| 2007 | 0.15x | ZAC1.02 Billion | ZAC154.87 Million | ▼ -89.1% |
| 2006 | 1.39x | ZAC117.64 Million | ZAC163.57 Million | ▲ +89.6% |
| 2004 | 0.73x | ZAC218.96 Million | ZAC160.55 Million | ▲ +21.8% |
| 2003 | 0.60x | ZAC337.21 Million | ZAC203.00 Million | ▼ -18.6% |
| 2002 | 0.74x | ZAC213.66 Million | ZAC158.00 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow