Formula (FORTY) — Capital Reinvestment Ratio
Formula (FORTY) has a Capital Reinvestment Ratio of 0.04x as of December 2025, meaning it reinvests 0% of its operating cash flow (ILA420.06 Million) in capital expenditures (ILA17.52 Million). Check FORTY intangible-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
Formula Capital Reinvestment Ratio (1998–2025)
This chart tracks Formula's Capital Reinvestment Ratio across 28 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Formula.
Annual Capital Reinvestment Ratio for Formula (1998–2025)
Year-by-year Capital Reinvestment Ratio for Formula from 1998 to 2025. See FORTY free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (ILA) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.04x | ILA420.06 Million | ILA17.52 Million | ▼ -53.3% |
| 2024 | 0.09x | ILA324.45 Million | ILA28.96 Million | ▼ -17.7% |
| 2023 | 0.11x | ILA294.97 Million | ILA32.00 Million | ▼ -34.0% |
| 2022 | 0.16x | ILA239.14 Million | ILA39.31 Million | ▲ +10.4% |
| 2021 | 0.15x | ILA208.48 Million | ILA31.06 Million | ▲ +48.4% |
| 2020 | 0.10x | ILA286.94 Million | ILA28.81 Million | ▼ -46.2% |
| 2019 | 0.19x | ILA196.08 Million | ILA36.59 Million | ▼ -25.3% |
| 2018 | 0.25x | ILA82.59 Million | ILA20.63 Million | ▲ +7.0% |
| 2017 | 0.23x | ILA80.98 Million | ILA18.91 Million | ▼ -9.3% |
| 2016 | 0.26x | ILA74.95 Million | ILA19.30 Million | ▲ +42.6% |
| 2015 | 0.18x | ILA54.40 Million | ILA9.82 Million | ▼ -36.5% |
| 2014 | 0.28x | ILA16.67 Million | ILA4.74 Million | ▲ +16.3% |
| 2013 | 0.24x | ILA68.55 Million | ILA16.77 Million | ▲ +33.1% |
| 2012 | 0.18x | ILA73.07 Million | ILA13.43 Million | ▼ -74.5% |
| 2011 | 0.72x | ILA25.83 Million | ILA18.65 Million | ▲ +620.5% |
| 2010 | 0.10x | ILA53.37 Million | ILA5.35 Million | ▲ +105.5% |
| 2009 | 0.05x | ILA55.64 Million | ILA2.71 Million | ▼ -43.0% |
| 2008 | 0.09x | ILA47.38 Million | ILA4.05 Million | ▼ -71.2% |
| 2007 | 0.30x | ILA43.27 Million | ILA12.87 Million | ▼ -69.6% |
| 2006 | 0.98x | ILA25.95 Million | ILA25.35 Million | ▼ -74.1% |
| 2005 | 3.78x | ILA6.29 Million | ILA23.75 Million | ▲ +1076.5% |
| 2004 | 0.32x | ILA17.81 Million | ILA5.72 Million | ▼ -19.2% |
| 2003 | 0.40x | ILA12.29 Million | ILA4.89 Million | ▼ -41.6% |
| 2002 | 0.68x | ILA4.97 Million | ILA3.38 Million | ▼ -92.9% |
| 2001 | 9.55x | ILA1.18 Million | ILA11.24 Million | ▲ +237.5% |
| 2000 | 2.83x | ILA5.65 Million | ILA16.00 Million | ▲ +210.6% |
| 1999 | 0.91x | ILA13.41 Million | ILA12.23 Million | ▲ +161.4% |
| 1998 | 0.35x | ILA34.70 Million | ILA12.10 Million | — |