São Martinho S.A (SMTO3) — Capital Reinvestment Ratio
Latest as of March 2026:
0.44x
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). 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
0.44x
Capex / Operating Cash Flow
Operating Cash Flow
R$2.11 Billion
BRL
Capital Expenditures
R$916.75 Million
BRL
Data as of
Mar 2026
Most recent filing
São Martinho S.A Capital Reinvestment Ratio (2004–2026)
This chart tracks São Martinho S.A's Capital Reinvestment Ratio across 23 annual periods.
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. For live market cap and broader valuation context, see SMTO3 market cap overview.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow