Compagnie Generale des Etablissements Michelin SCA (ML) — Capital Reinvestment Ratio
Compagnie Generale des Etablissements Michelin SCA (ML) has a Capital Reinvestment Ratio of 0.41x as of June 2025, meaning it reinvests 0% of its operating cash flow (€789.00 Million) in capital expenditures (€327.00 Million). Check ML goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Compagnie Generale des Etablissements Michelin SCA Capital Reinvestment Ratio (2002–2025)
This chart tracks Compagnie Generale des Etablissements Michelin SCA's Capital Reinvestment Ratio across 24 annual periods. For the full cash flow conversion analysis, see Compagnie Generale des Etablissements Mi cash flow conversion.
Annual Capital Reinvestment Ratio for Compagnie Generale des Etablissements Michelin SCA (2002–2025)
Year-by-year Capital Reinvestment Ratio for Compagnie Generale des Etablissements Michelin SCA from 2002 to 2025. See ML FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.53x | €3.82 Billion | €2.03 Billion | ▲ +1.7% |
| 2024 | 0.52x | €4.34 Billion | €2.27 Billion | ▲ +23.5% |
| 2023 | 0.42x | €5.29 Billion | €2.24 Billion | ▼ -61.9% |
| 2022 | 1.11x | €1.93 Billion | €2.14 Billion | ▲ +89.0% |
| 2021 | 0.59x | €2.91 Billion | €1.71 Billion | ▲ +61.7% |
| 2020 | 0.36x | €3.37 Billion | €1.22 Billion | ▼ -33.1% |
| 2019 | 0.54x | €3.32 Billion | €1.80 Billion | ▲ +0.0% |
| 2018 | 0.54x | €2.83 Billion | €1.53 Billion | ▼ -10.9% |
| 2017 | 0.61x | €2.74 Billion | €1.67 Billion | ▼ -7.3% |
| 2016 | 0.66x | €2.77 Billion | €1.81 Billion | ▼ -0.3% |
| 2015 | 0.66x | €2.69 Billion | €1.77 Billion | ▼ -9.7% |
| 2014 | 0.73x | €2.52 Billion | €1.84 Billion | ▲ +14.6% |
| 2013 | 0.64x | €3.09 Billion | €1.97 Billion | ▼ -6.7% |
| 2012 | 0.68x | €2.93 Billion | €2.00 Billion | ▼ -51.1% |
| 2011 | 1.39x | €1.20 Billion | €1.67 Billion | ▲ +91.3% |
| 2010 | 0.73x | €1.32 Billion | €964.00 Million | ▲ +119.0% |
| 2009 | 0.33x | €2.12 Billion | €707.00 Million | ▼ -76.4% |
| 2008 | 1.41x | €915.00 Million | €1.29 Billion | ▲ +76.8% |
| 2007 | 0.80x | €1.86 Billion | €1.48 Billion | ▼ -15.5% |
| 2006 | 0.94x | €1.17 Billion | €1.10 Billion | ▼ -11.0% |
| 2005 | 1.06x | €1.00 Billion | €1.06 Billion | ▲ +39.4% |
| 2004 | 0.76x | €1.17 Billion | €888.00 Million | ▲ +4.9% |
| 2003 | 0.72x | €1.54 Billion | €1.12 Billion | ▲ +15.0% |
| 2002 | 0.63x | €1.53 Billion | €966.96 Million | — |