Academy Sports Outdoors Inc (ASO) — Capital Reinvestment Ratio
Academy Sports Outdoors Inc (ASO) has a Capital Reinvestment Ratio of 0.24x as of April 2026, meaning it reinvests 0% of its operating cash flow ($160.61 Million) in capital expenditures ($38.90 Million). Check ASO tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Academy Sports Outdoors Inc Capital Reinvestment Ratio (2018–2026)
This chart tracks Academy Sports Outdoors Inc's Capital Reinvestment Ratio across 9 annual periods. For the full cash flow conversion analysis, see ASO cash flow conversion.
Annual Capital Reinvestment Ratio for Academy Sports Outdoors Inc (2018–2026)
Year-by-year Capital Reinvestment Ratio for Academy Sports Outdoors Inc from 2018 to 2026. See cash generation quality of Academy Sports Outdoors Inc to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.49x | $434.80 Million | $212.67 Million | ▲ +29.4% |
| 2025 | 0.38x | $528.08 Million | $199.59 Million | ▼ -2.8% |
| 2024 | 0.39x | $535.78 Million | $208.29 Million | ▲ +97.2% |
| 2023 | 0.20x | $552.00 Million | $108.81 Million | ▲ +74.6% |
| 2022 | 0.11x | $673.26 Million | $76.02 Million | ▲ +176.8% |
| 2021 | 0.04x | $1.01 Billion | $41.27 Million | ▼ -82.9% |
| 2020 | 0.24x | $263.67 Million | $62.82 Million | ▼ -56.2% |
| 2019 | 0.54x | $198.48 Million | $107.91 Million | ▼ -65.7% |
| 2018 | 1.59x | $83.36 Million | $132.13 Million | — |