São Martinho S.A (SMTO3) — Capital Reinvestment Ratio
São Martinho S.A (SMTO3) has a Capital Reinvestment Ratio of 0.44x as of March 2026, meaning it reinvests 0% of its operating cash flow (R$2.11 Billion) in capital expenditures (R$916.75 Million). Check São Martinho S.A 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
São Martinho S.A Capital Reinvestment Ratio (2004–2026)
This chart tracks São Martinho S.A's Capital Reinvestment Ratio across 23 annual periods. For the full cash flow conversion analysis, see São Martinho S.A (SMTO3) cash flow conversion.
Annual Capital Reinvestment Ratio for São Martinho S.A (2004–2026)
Year-by-year Capital Reinvestment Ratio for São Martinho S.A from 2004 to 2026. See SMTO3 free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (BRL) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.78x | R$3.22 Billion | R$2.52 Billion | ▼ -24.6% |
| 2025 | 1.04x | R$2.69 Billion | R$2.78 Billion | ▲ +56.3% |
| 2024 | 0.66x | R$3.76 Billion | R$2.49 Billion | ▲ +65.2% |
| 2023 | 0.40x | R$2.99 Billion | R$1.20 Billion | ▼ -44.1% |
| 2022 | 0.72x | R$3.45 Billion | R$2.47 Billion | ▲ +8.1% |
| 2021 | 0.66x | R$2.27 Billion | R$1.51 Billion | ▼ -6.3% |
| 2020 | 0.71x | R$1.96 Billion | R$1.39 Billion | ▼ -7.6% |
| 2019 | 0.77x | R$1.68 Billion | R$1.29 Billion | ▼ -1.1% |
| 2018 | 0.77x | R$1.51 Billion | R$1.17 Billion | ▼ -15.8% |
| 2017 | 0.92x | R$949.32 Million | R$873.77 Million | ▼ -5.3% |
| 2016 | 0.97x | R$749.64 Million | R$728.92 Million | ▲ +17.2% |
| 2015 | 0.83x | R$806.85 Million | R$669.60 Million | ▼ -23.5% |
| 2014 | 1.09x | R$473.42 Million | R$513.76 Million | ▼ -1.0% |
| 2013 | 1.10x | R$406.63 Million | R$445.75 Million | ▼ -16.7% |
| 2012 | 1.32x | R$468.27 Million | R$616.36 Million | ▲ +33.6% |
| 2011 | 0.99x | R$465.86 Million | R$458.93 Million | ▲ +165.2% |
| 2010 | 0.37x | R$445.27 Million | R$165.38 Million | ▼ -83.0% |
| 2009 | 2.19x | R$197.42 Million | R$431.96 Million | ▼ -73.7% |
| 2008 | 8.32x | R$76.23 Million | R$634.07 Million | ▲ +678.3% |
| 2007 | 1.07x | R$283.02 Million | R$302.48 Million | ▼ -26.9% |
| 2006 | 1.46x | R$36.70 Million | R$53.65 Million | ▲ +112.4% |
| 2005 | 0.69x | R$55.91 Million | R$38.49 Million | ▲ +59.8% |
| 2004 | 0.43x | R$78.92 Million | R$34.01 Million | — |