São Martinho S.A Capital Reinvestment Ratio
São Martinho S.A capital reinvestment ratio. São Martinho S.A (SMTO3) has a Capital Reinvestment Ratio of 2.34x as of June 2026, meaning it reinvests 2% of its operating cash flow (R$219.28 Million) in capital expenditures (R$513.65 Million). See how much free cash does São Martinho S.A generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of São Martinho S.A (2004–2026)
Capital reinvestment ratio of São Martinho S.A from 2004 to 2026. This chart tracks São Martinho S.A's Capital Reinvestment Ratio across 23 annual periods. See how financially flexible is São Martinho S.A to measure the company's free cash flow as a share of total liabilities.
São Martinho S.A Capital Reinvestment Ratio by Year (2004–2026)
São Martinho S.A capital reinvestment ratio by year from 2004 to 2026. For the full cash flow conversion analysis, see cash flow conversion of São Martinho S.A.
| 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 | — |