JSE Limited (JSE) — Capital Reinvestment Ratio
JSE Limited (JSE) has a Capital Reinvestment Ratio of 0.05x as of December 2025, meaning it reinvests 0% of its operating cash flow (ZAC710.78 Million) in capital expenditures (ZAC33.82 Million). Check tangible equity quality of JSE Limited to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
JSE Limited Capital Reinvestment Ratio (2002–2025)
This chart tracks JSE Limited's Capital Reinvestment Ratio across 23 annual periods. For the full cash flow conversion analysis, see JSE Limited cash flow conversion.
Annual Capital Reinvestment Ratio for JSE Limited (2002–2025)
Year-by-year Capital Reinvestment Ratio for JSE Limited from 2002 to 2025. See JSE FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (ZAC) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.03x | ZAC1.25 Billion | ZAC34.67 Million | ▼ -78.6% |
| 2024 | 0.13x | ZAC1.09 Billion | ZAC141.18 Million | ▼ -12.8% |
| 2023 | 0.15x | ZAC1.13 Billion | ZAC167.51 Million | ▼ -25.1% |
| 2022 | 0.20x | ZAC977.75 Million | ZAC193.11 Million | ▲ +9.6% |
| 2021 | 0.18x | ZAC917.25 Million | ZAC165.28 Million | ▼ -12.7% |
| 2020 | 0.21x | ZAC1.00 Billion | ZAC206.91 Million | ▲ +72.9% |
| 2019 | 0.12x | ZAC880.44 Million | ZAC105.10 Million | ▼ -37.4% |
| 2018 | 0.19x | ZAC913.21 Million | ZAC174.21 Million | ▲ +2.4% |
| 2017 | 0.19x | ZAC976.52 Million | ZAC181.90 Million | ▼ -9.3% |
| 2016 | 0.21x | ZAC976.10 Million | ZAC200.57 Million | ▲ +1.8% |
| 2015 | 0.20x | ZAC888.30 Million | ZAC179.36 Million | ▲ +25.9% |
| 2014 | 0.16x | ZAC818.05 Million | ZAC131.20 Million | ▲ +34.9% |
| 2013 | 0.12x | ZAC685.63 Million | ZAC81.50 Million | ▼ -48.1% |
| 2012 | 0.23x | ZAC431.25 Million | ZAC98.69 Million | ▼ -56.2% |
| 2011 | 0.52x | ZAC552.11 Million | ZAC288.62 Million | ▲ +40.0% |
| 2010 | 0.37x | ZAC419.96 Million | ZAC156.81 Million | ▲ +13.3% |
| 2009 | 0.33x | ZAC354.56 Million | ZAC116.81 Million | ▲ +3.5% |
| 2008 | 0.32x | ZAC489.24 Million | ZAC155.76 Million | ▲ +242.6% |
| 2007 | 0.09x | ZAC329.04 Million | ZAC30.58 Million | ▲ +110.0% |
| 2006 | 0.04x | ZAC232.20 Million | ZAC10.28 Million | ▼ -94.4% |
| 2005 | 0.80x | ZAC81.90 Million | ZAC65.25 Million | ▼ -22.6% |
| 2004 | 1.03x | ZAC97.69 Million | ZAC100.57 Million | ▲ +195.6% |
| 2002 | 0.35x | ZAC89.01 Million | ZAC31.00 Million | — |