Topgolf Callaway Brands Corp. (MODG) — Capital Reinvestment Ratio
Latest as of September 2025:
0.29x
Topgolf Callaway Brands Corp. (MODG) has a Capital Reinvestment Ratio of 0.29x as of September 2025, meaning it reinvests 0% of its operating cash flow ($228.40 Million) in capital expenditures ($66.30 Million). See cash generation quality of Topgolf Callaway Brands Corp. to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.29x
Capex / Operating Cash Flow
Operating Cash Flow
$228.40 Million
USD
Capital Expenditures
$66.30 Million
USD
Data as of
Sep 2025
Most recent filing
Topgolf Callaway Brands Corp. Capital Reinvestment Ratio (1991–2024)
This chart tracks Topgolf Callaway Brands Corp.'s Capital Reinvestment Ratio across 31 annual periods.
Annual Capital Reinvestment Ratio for Topgolf Callaway Brands Corp. (1991–2024)
Year-by-year Capital Reinvestment Ratio for Topgolf Callaway Brands Corp. from 1991 to 2024. For live market cap and broader valuation context, see MODG company net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.77x | $382.00 Million | $295.40 Million | ▼ -41.5% |
| 2023 | 1.32x | $364.70 Million | $482.00 Million | ▲ +14.1% |
| 2021 | 1.16x | $278.26 Million | $322.27 Million | ▲ +573.3% |
| 2020 | 0.17x | $228.24 Million | $39.26 Million | ▼ -72.8% |
| 2019 | 0.63x | $86.55 Million | $54.70 Million | ▲ +58.4% |
| 2018 | 0.40x | $92.28 Million | $36.83 Million | ▲ +79.2% |
| 2017 | 0.22x | $117.70 Million | $26.20 Million | ▲ +7.1% |
| 2016 | 0.21x | $77.71 Million | $16.15 Million | ▼ -55.8% |
| 2015 | 0.47x | $30.58 Million | $14.37 Million | ▲ +61.2% |
| 2014 | 0.29x | $36.88 Million | $10.75 Million | ▼ -89.8% |
| 2011 | 2.87x | $10.10 Million | $28.93 Million | ▲ +24.2% |
| 2010 | 2.31x | $9.63 Million | $22.22 Million | ▲ +154.6% |
| 2009 | 0.91x | $42.87 Million | $38.84 Million | ▼ -26.1% |
| 2008 | 1.23x | $41.62 Million | $51.01 Million | ▲ +465.5% |
| 2007 | 0.22x | $151.98 Million | $32.93 Million | ▼ -88.5% |
| 2006 | 1.88x | $17.29 Million | $32.45 Million | ▲ +285.2% |
| 2005 | 0.49x | $70.30 Million | $34.26 Million | ▼ -84.0% |
| 2004 | 3.04x | $8.54 Million | $25.99 Million | ▲ +4528.0% |
| 2003 | 0.07x | $118.74 Million | $7.81 Million | ▼ -87.5% |
| 2002 | 0.53x | $139.21 Million | $73.50 Million | ▲ +49.9% |
| 2001 | 0.35x | $100.15 Million | $35.27 Million | ▲ +13.0% |
| 2000 | 0.31x | $91.06 Million | $28.39 Million | ▼ -11.5% |
| 1999 | 0.35x | $166.30 Million | $58.60 Million | ▼ -86.4% |
| 1998 | 2.59x | $30.40 Million | $78.60 Million | ▲ +530.2% |
| 1997 | 0.41x | $165.50 Million | $67.90 Million | ▼ -13.4% |
| 1996 | 0.47x | $74.70 Million | $35.40 Million | ▲ +53.3% |
| 1995 | 0.31x | $95.40 Million | $29.50 Million | ▼ -50.5% |
| 1994 | 0.62x | $41.80 Million | $26.10 Million | ▼ -1.4% |
| 1993 | 0.63x | $33.00 Million | $20.90 Million | ▼ -22.8% |
| 1992 | 0.82x | $13.90 Million | $11.40 Million | ▲ +173.4% |
| 1991 | 0.30x | $5.00 Million | $1.50 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow