Acerinox (ACX) — Capital Reinvestment Ratio
Acerinox (ACX) has a Capital Reinvestment Ratio of 3.37x as of June 2026, meaning it reinvests 3% of its operating cash flow (€43.00 Million) in capital expenditures (€145.10 Million). Check Acerinox tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Acerinox Capital Reinvestment Ratio (2004–2025)
This chart tracks Acerinox's Capital Reinvestment Ratio across 21 annual periods. For the full cash flow conversion analysis, see ACX cash flow conversion.
Annual Capital Reinvestment Ratio for Acerinox (2004–2025)
Year-by-year Capital Reinvestment Ratio for Acerinox from 2004 to 2025. See how much free cash does Acerinox generate to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.67x | €455.83 Million | €304.95 Million | ▼ -4.1% |
| 2024 | 0.70x | €293.67 Million | €204.78 Million | ▲ +92.0% |
| 2023 | 0.36x | €481.48 Million | €174.90 Million | ▲ +44.6% |
| 2022 | 0.25x | €544.08 Million | €136.72 Million | ▼ -4.6% |
| 2021 | 0.26x | €387.81 Million | €102.14 Million | ▲ +9.2% |
| 2020 | 0.24x | €420.55 Million | €101.43 Million | ▼ -40.6% |
| 2019 | 0.41x | €358.72 Million | €145.66 Million | ▼ -9.3% |
| 2018 | 0.45x | €326.40 Million | €146.15 Million | ▼ -11.7% |
| 2017 | 0.51x | €365.85 Million | €185.58 Million | ▼ -16.4% |
| 2016 | 0.61x | €268.79 Million | €163.02 Million | ▼ -84.9% |
| 2015 | 4.02x | €17.42 Million | €70.12 Million | ▲ +154.5% |
| 2014 | 1.58x | €49.88 Million | €78.89 Million | ▲ +149.2% |
| 2013 | 0.63x | €259.28 Million | €164.51 Million | ▲ +134.8% |
| 2012 | 0.27x | €565.46 Million | €152.82 Million | ▼ -34.7% |
| 2011 | 0.41x | €438.08 Million | €181.20 Million | ▼ -34.4% |
| 2010 | 0.63x | €355.54 Million | €224.25 Million | ▼ -48.5% |
| 2009 | 1.23x | €188.59 Million | €231.09 Million | ▲ +81.4% |
| 2008 | 0.68x | €495.95 Million | €334.93 Million | ▲ +99.4% |
| 2007 | 0.34x | €619.12 Million | €209.70 Million | ▼ -59.6% |
| 2005 | 0.84x | €237.82 Million | €199.63 Million | ▼ -7.0% |
| 2004 | 0.90x | €187.24 Million | €169.01 Million | — |