Santos Ltd (STO) — Cash Flow Reinvestment Rate
Latest as of December 2025:
0.83x
Santos Ltd (STO) has a Cash Flow Reinvestment Rate of 0.83x as of December 2025, reinvesting AU$930.22 Million (capex AU$930.22 Million ) from operating cash flow of AU$1.12 Billion. See STO free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
0.83x
(Capex + Investments) / Operating CF
Total Reinvested
AU$930.22 Million
Capex + Investments
Operating Cash Flow
AU$1.12 Billion
AUD
Capital Expenditures
AU$930.22 Million
AUD
Santos Ltd Cash Flow Reinvestment Rate (1991–2025)
Historical reinvestment intensity for Santos Ltd across 35 annual periods. For the full cash flow conversion analysis, see STO cash generation efficiency.
Annual Cash Flow Reinvestment Rate for Santos Ltd (1991–2025)
Year-by-year capital reinvestment analysis for Santos Ltd. See STO financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (AUD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.76x | AU$2.00 Billion | AU$2.65 Billion | AU$2.00 Billion | ▼ -57.6% |
| 2024 | 1.78x | AU$5.09 Billion | AU$2.85 Billion | AU$2.40 Billion | ▲ +10.4% |
| 2023 | 1.62x | AU$5.26 Billion | AU$3.26 Billion | AU$2.37 Billion | ▲ +84.7% |
| 2022 | 0.87x | AU$3.38 Billion | AU$3.86 Billion | AU$1.71 Billion | ▲ +60.3% |
| 2021 | 0.55x | AU$1.24 Billion | AU$2.27 Billion | AU$1.10 Billion | ▲ +223.5% |
| 2020 | 0.17x | AU$249.00 Million | AU$1.48 Billion | AU$186.00 Million | ▲ +27.4% |
| 2019 | 0.13x | AU$271.00 Million | AU$2.05 Billion | AU$258.00 Million | ▲ +232.7% |
| 2018 | 0.04x | AU$89.00 Million | AU$2.24 Billion | AU$76.00 Million | ▼ -94.1% |
| 2017 | 0.68x | AU$696.00 Million | AU$1.02 Billion | AU$683.00 Million | ▼ -8.5% |
| 2016 | 0.74x | AU$973.80 Million | AU$1.31 Billion | AU$667.00 Million | ▼ -54.3% |
| 2015 | 1.62x | AU$1.46 Billion | AU$899.59 Million | AU$1.46 Billion | ▼ -9.9% |
| 2014 | 1.80x | AU$2.76 Billion | AU$1.53 Billion | AU$2.76 Billion | ▼ -38.6% |
| 2013 | 2.93x | AU$3.78 Billion | AU$1.29 Billion | AU$3.78 Billion | ▲ +61.3% |
| 2012 | 1.82x | AU$3.22 Billion | AU$1.77 Billion | AU$3.22 Billion | ▲ +7.0% |
| 2011 | 1.70x | AU$2.21 Billion | AU$1.30 Billion | AU$2.21 Billion | ▲ +23.6% |
| 2010 | 1.38x | AU$1.73 Billion | AU$1.25 Billion | AU$1.73 Billion | ▼ -1.2% |
| 2009 | 1.39x | AU$1.54 Billion | AU$1.11 Billion | AU$1.54 Billion | ▲ +81.5% |
| 2008 | 0.77x | AU$1.10 Billion | AU$1.44 Billion | AU$1.10 Billion | ▼ -32.4% |
| 2007 | 1.13x | AU$1.21 Billion | AU$1.06 Billion | AU$1.16 Billion | ▲ +32.2% |
| 2006 | 0.86x | AU$1.04 Billion | AU$1.22 Billion | AU$999.21 Million | ▲ +20.8% |
| 2005 | 0.71x | AU$778.79 Million | AU$1.10 Billion | AU$778.79 Million | ▼ -46.7% |
| 2004 | 1.33x | AU$634.66 Million | AU$475.77 Million | AU$634.66 Million | ▲ +59.4% |
| 2003 | 0.84x | AU$570.66 Million | AU$681.77 Million | AU$570.66 Million | ▼ -3.0% |
| 2002 | 0.86x | AU$388.89 Million | AU$450.90 Million | AU$388.89 Million | ▼ -22.9% |
| 2001 | 1.12x | AU$353.54 Million | AU$315.98 Million | AU$353.54 Million | ▲ +75.8% |
| 2000 | 0.64x | AU$386.50 Million | AU$607.29 Million | AU$386.50 Million | ▼ -21.9% |
| 1999 | 0.81x | AU$276.86 Million | AU$339.78 Million | AU$276.86 Million | ▲ +92.3% |
| 1998 | 0.42x | AU$113.85 Million | AU$268.69 Million | AU$113.85 Million | ▼ -5.4% |
| 1997 | 0.45x | AU$127.63 Million | AU$284.94 Million | AU$127.63 Million | ▼ -46.0% |
| 1996 | 0.83x | AU$283.41 Million | AU$341.96 Million | AU$283.41 Million | ▲ +51.5% |
| 1995 | 0.55x | AU$145.90 Million | AU$266.78 Million | AU$145.90 Million | ▼ -22.2% |
| 1994 | 0.70x | AU$200.44 Million | AU$285.00 Million | AU$200.44 Million | ▲ +6.9% |
| 1993 | 0.66x | AU$188.29 Million | AU$286.26 Million | AU$188.29 Million | ▲ +27.6% |
| 1992 | 0.52x | AU$132.96 Million | AU$257.86 Million | AU$132.96 Million | ▼ -19.5% |
| 1991 | 0.64x | AU$155.10 Million | AU$242.28 Million | AU$155.10 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow