São Martinho S.A (SMTO3) — Capital Reinvestment Ratio
São Martinho S.A (SMTO3) has a Capital Reinvestment Ratio of 1.95x as of December 2025, meaning it reinvests 2% of its operating cash flow (R$336.30 Million) in capital expenditures (R$656.67 Million). See SMTO3 net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
São Martinho S.A Capital Reinvestment Ratio (2004–2025)
This chart tracks São Martinho S.A's Capital Reinvestment Ratio across 22 annual periods. Check São Martinho S.A investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for São Martinho S.A (2004–2025)
Year-by-year Capital Reinvestment Ratio for São Martinho S.A from 2004 to 2025. For live market cap and broader valuation context, see SMTO3 market cap.
| Year | Reinvestment Ratio | Operating CF (BRL) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 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 | — |