Advantage Oil & Gas Ltd. (AAV) — Capital Reinvestment Ratio
Advantage Oil & Gas Ltd. (AAV) has a Capital Reinvestment Ratio of 1.18x as of September 2025, meaning it reinvests 1% of its operating cash flow (CA$80.10 Million) in capital expenditures (CA$94.59 Million). Check Advantage Oil & Gas Ltd. tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Advantage Oil & Gas Ltd. Capital Reinvestment Ratio (1989–2024)
This chart tracks Advantage Oil & Gas Ltd.'s Capital Reinvestment Ratio across 30 annual periods. For the full cash flow conversion analysis, see AAV operating cash flow.
Annual Capital Reinvestment Ratio for Advantage Oil & Gas Ltd. (1989–2024)
Year-by-year Capital Reinvestment Ratio for Advantage Oil & Gas Ltd. from 1989 to 2024. See Advantage Oil & Gas Ltd. free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 1.39x | CA$217.53 Million | CA$303.06 Million | ▲ +64.6% |
| 2023 | 0.85x | CA$323.35 Million | CA$273.62 Million | ▲ +75.8% |
| 2022 | 0.48x | CA$502.38 Million | CA$241.79 Million | ▼ -22.1% |
| 2021 | 0.62x | CA$223.15 Million | CA$137.84 Million | ▼ -60.8% |
| 2020 | 1.57x | CA$100.71 Million | CA$158.62 Million | ▲ +41.6% |
| 2019 | 1.11x | CA$156.06 Million | CA$173.64 Million | ▼ -16.6% |
| 2018 | 1.33x | CA$160.16 Million | CA$213.73 Million | ▲ +8.9% |
| 2017 | 1.23x | CA$186.40 Million | CA$228.43 Million | ▲ +68.4% |
| 2016 | 0.73x | CA$174.91 Million | CA$127.28 Million | ▼ -56.9% |
| 2015 | 1.69x | CA$113.36 Million | CA$191.49 Million | ▲ +36.9% |
| 2014 | 1.23x | CA$182.34 Million | CA$225.05 Million | ▲ +9.4% |
| 2013 | 1.13x | CA$165.02 Million | CA$186.24 Million | ▼ -40.2% |
| 2012 | 1.89x | CA$106.96 Million | CA$201.81 Million | ▲ +75.3% |
| 2011 | 1.08x | CA$218.18 Million | CA$234.79 Million | ▼ -2.4% |
| 2010 | 1.10x | CA$202.49 Million | CA$223.31 Million | ▲ +11.5% |
| 2009 | 0.99x | CA$172.69 Million | CA$170.87 Million | ▲ +41.4% |
| 2008 | 0.70x | CA$374.75 Million | CA$262.27 Million | ▲ +6.5% |
| 2007 | 0.66x | CA$249.13 Million | CA$163.74 Million | ▼ -0.3% |
| 2006 | 0.66x | CA$229.09 Million | CA$151.00 Million | ▲ +18.9% |
| 2005 | 0.55x | CA$186.61 Million | CA$103.44 Million | ▼ -74.6% |
| 2004 | 2.18x | CA$132.28 Million | CA$288.54 Million | ▲ +181.8% |
| 2003 | 0.77x | CA$98.47 Million | CA$76.21 Million | ▼ -20.3% |
| 2002 | 0.97x | CA$52.86 Million | CA$51.35 Million | ▲ +19.7% |
| 2001 | 0.81x | CA$11.95 Million | CA$9.70 Million | ▲ +28.4% |
| 1996 | 0.63x | CA$75.84 Million | CA$47.94 Million | ▼ -43.1% |
| 1995 | 1.11x | CA$50.00 Million | CA$55.59 Million | ▼ -72.0% |
| 1993 | 3.96x | CA$19.63 Million | CA$77.84 Million | ▼ -47.0% |
| 1991 | 7.48x | CA$3.21 Million | CA$24.05 Million | ▲ +5386.4% |
| 1990 | 0.14x | CA$43.25 Million | CA$5.90 Million | ▼ -77.1% |
| 1989 | 0.59x | CA$38.36 Million | CA$22.81 Million | — |