Harmony Gold Mining Co. Ltd. (HAR) — Capital Reinvestment Ratio
Latest as of December 2025:
0.59x
Harmony Gold Mining Co. Ltd. (HAR) has a Capital Reinvestment Ratio of 0.59x as of December 2025, meaning it reinvests 1% of its operating cash flow (ZAC13.85 Billion) in capital expenditures (ZAC8.12 Billion). See HAR FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.59x
Capex / Operating Cash Flow
Operating Cash Flow
ZAC13.85 Billion
ZAC
Capital Expenditures
ZAC8.12 Billion
ZAC
Data as of
Dec 2025
Most recent filing
Harmony Gold Mining Co. Ltd. Capital Reinvestment Ratio (1998–2025)
This chart tracks Harmony Gold Mining Co. Ltd.'s Capital Reinvestment Ratio across 26 annual periods.
Annual Capital Reinvestment Ratio for Harmony Gold Mining Co. Ltd. (1998–2025)
Year-by-year Capital Reinvestment Ratio for Harmony Gold Mining Co. Ltd. from 1998 to 2025. For live market cap and broader valuation context, see Harmony Gold Mining Co. Ltd. market capitalisation.
| Year | Reinvestment Ratio | Operating CF (ZAC) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.52x | ZAC22.65 Billion | ZAC11.86 Billion | ▼ -2.4% |
| 2024 | 0.54x | ZAC15.65 Billion | ZAC8.40 Billion | ▼ -30.1% |
| 2023 | 0.77x | ZAC9.95 Billion | ZAC7.64 Billion | ▼ -14.4% |
| 2022 | 0.90x | ZAC6.92 Billion | ZAC6.21 Billion | ▲ +60.2% |
| 2021 | 0.56x | ZAC9.18 Billion | ZAC5.14 Billion | ▼ -26.7% |
| 2020 | 0.76x | ZAC272.08 Million | ZAC207.96 Million | ▼ -28.9% |
| 2019 | 1.08x | ZAC4.68 Billion | ZAC5.04 Billion | ▼ -8.4% |
| 2018 | 1.17x | ZAC4.18 Billion | ZAC4.91 Billion | ▲ +15.0% |
| 2017 | 1.02x | ZAC3.64 Billion | ZAC3.72 Billion | ▲ +89.1% |
| 2016 | 0.54x | ZAC4.60 Billion | ZAC2.48 Billion | ▼ -61.7% |
| 2015 | 1.41x | ZAC24.61 Billion | ZAC34.68 Billion | ▲ +20.1% |
| 2014 | 1.17x | ZAC2.32 Billion | ZAC2.73 Billion | ▼ -10.5% |
| 2013 | 1.31x | ZAC3.26 Billion | ZAC4.27 Billion | ▲ +72.2% |
| 2012 | 0.76x | ZAC4.45 Billion | ZAC3.39 Billion | ▼ -42.5% |
| 2011 | 1.32x | ZAC2.32 Billion | ZAC3.07 Billion | ▼ -40.0% |
| 2010 | 2.21x | ZAC1.58 Billion | ZAC3.49 Billion | ▲ +89.9% |
| 2009 | 1.16x | ZAC2.29 Billion | ZAC2.66 Billion | ▼ -50.6% |
| 2008 | 2.35x | ZAC1.84 Billion | ZAC4.33 Billion | ▲ +0.9% |
| 2007 | 2.33x | ZAC1.16 Billion | ZAC2.71 Billion | ▼ -55.6% |
| 2006 | 5.25x | ZAC370.27 Million | ZAC1.94 Billion | ▲ +594.1% |
| 2003 | 0.76x | ZAC1.32 Billion | ZAC995.51 Million | ▲ +134.2% |
| 2002 | 0.32x | ZAC2.28 Billion | ZAC734.85 Million | ▼ -69.9% |
| 2001 | 1.07x | ZAC394.85 Million | ZAC423.05 Million | ▲ +95.6% |
| 2000 | 0.55x | ZAC287.34 Million | ZAC157.38 Million | ▲ +58.8% |
| 1999 | 0.34x | ZAC505.58 Million | ZAC174.36 Million | ▼ -97.0% |
| 1998 | 11.67x | ZAC3.53 Million | ZAC41.23 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow