Telefonica Brasil SA ADR (VIV) — Capital Reinvestment Ratio
Telefonica Brasil SA ADR (VIV) has a Capital Reinvestment Ratio of 0.44x as of June 2026, meaning it reinvests 0% of its operating cash flow ($5.35 Billion) in capital expenditures ($2.35 Billion). Check Telefonica Brasil SA ADR 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
Telefonica Brasil SA ADR Capital Reinvestment Ratio (1998–2025)
This chart tracks Telefonica Brasil SA ADR's Capital Reinvestment Ratio across 28 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Telefonica Brasil SA ADR.
Annual Capital Reinvestment Ratio for Telefonica Brasil SA ADR (1998–2025)
Year-by-year Capital Reinvestment Ratio for Telefonica Brasil SA ADR from 1998 to 2025. See VIV FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.46x | $20.72 Billion | $9.46 Billion | ▼ -2.7% |
| 2024 | 0.47x | $19.88 Billion | $9.32 Billion | ▲ +0.0% |
| 2023 | 0.47x | $18.79 Billion | $8.81 Billion | ▼ -10.2% |
| 2022 | 0.52x | $18.94 Billion | $9.89 Billion | ▲ +1.6% |
| 2021 | 0.51x | $18.07 Billion | $9.30 Billion | ▲ +20.0% |
| 2020 | 0.43x | $19.34 Billion | $8.29 Billion | ▼ -14.1% |
| 2019 | 0.50x | $17.72 Billion | $8.84 Billion | ▼ -30.1% |
| 2018 | 0.71x | $11.94 Billion | $8.52 Billion | ▲ +7.8% |
| 2017 | 0.66x | $12.64 Billion | $8.37 Billion | ▲ +1.4% |
| 2016 | 0.65x | $11.44 Billion | $7.47 Billion | ▲ +0.7% |
| 2015 | 0.65x | $10.47 Billion | $6.79 Billion | ▼ -19.2% |
| 2014 | 0.80x | $9.38 Billion | $7.54 Billion | ▲ +31.7% |
| 2013 | 0.61x | $9.58 Billion | $5.84 Billion | ▲ +30.4% |
| 2012 | 0.47x | $9.73 Billion | $4.55 Billion | ▼ -18.2% |
| 2011 | 0.57x | $8.14 Billion | $4.65 Billion | ▲ +21.8% |
| 2010 | 0.47x | $4.53 Billion | $2.13 Billion | ▼ -10.9% |
| 2009 | 0.53x | $4.41 Billion | $2.32 Billion | ▲ +28.5% |
| 2008 | 0.41x | $5.13 Billion | $2.10 Billion | ▼ -2.7% |
| 2007 | 0.42x | $4.73 Billion | $1.99 Billion | ▲ +22.5% |
| 2006 | 0.34x | $5.00 Billion | $1.72 Billion | ▲ +13.7% |
| 2005 | 0.30x | $5.54 Billion | $1.67 Billion | ▲ +26.6% |
| 2004 | 0.24x | $5.61 Billion | $1.34 Billion | ▼ -10.0% |
| 2003 | 0.27x | $4.96 Billion | $1.32 Billion | ▼ -22.6% |
| 2002 | 0.34x | $4.57 Billion | $1.57 Billion | ▼ -71.1% |
| 2001 | 1.19x | $3.77 Billion | $4.48 Billion | ▼ -25.6% |
| 2000 | 1.60x | $2.64 Billion | $4.22 Billion | ▲ +49.9% |
| 1999 | 1.06x | $2.69 Billion | $2.86 Billion | ▼ -12.2% |
| 1998 | 1.21x | $2.14 Billion | $2.59 Billion | — |