Capex S.A (CAPX) — Cash Flow Reinvestment Rate
Capex S.A (CAPX) has a Cash Flow Reinvestment Rate of 8.10x as of January 2026, reinvesting AR$56.98 Billion (capex AR$28.53 Billion plus investments AR$-28.45 Billion) from operating cash flow of AR$7.03 Billion. See CAPX free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Capex S.A Cash Flow Reinvestment Rate (2016–2025)
Historical reinvestment intensity for Capex S.A across 10 annual periods. For the full cash flow conversion analysis, see CAPX cash flow conversion.
Annual Cash Flow Reinvestment Rate for Capex S.A (2016–2025)
Year-by-year capital reinvestment analysis for Capex S.A. See CAPX financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (ARS) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.06x | AR$184.39 Billion | AR$174.40 Billion | AR$178.07 Billion | ▼ -53.7% |
| 2024 | 2.28x | AR$179.31 Billion | AR$78.50 Billion | AR$175.65 Billion | ▲ +21.7% |
| 2023 | 1.88x | AR$55.06 Billion | AR$29.33 Billion | AR$36.29 Billion | ▲ +14.2% |
| 2022 | 1.64x | AR$60.83 Billion | AR$37.01 Billion | AR$32.86 Billion | ▲ +40.6% |
| 2021 | 1.17x | AR$6.14 Billion | AR$5.26 Billion | AR$3.14 Billion | ▼ -62.0% |
| 2020 | 3.08x | AR$12.13 Billion | AR$3.94 Billion | AR$4.32 Billion | ▲ +166.6% |
| 2019 | 1.15x | AR$8.02 Billion | AR$6.95 Billion | AR$5.44 Billion | ▲ +100.0% |
| 2018 | 0.58x | AR$1.96 Billion | AR$3.40 Billion | AR$1.75 Billion | ▲ +10.2% |
| 2017 | 0.52x | AR$1.06 Billion | AR$2.03 Billion | AR$976.94 Million | ▼ -66.0% |
| 2016 | 1.54x | AR$1.27 Billion | AR$824.40 Million | AR$633.36 Million | — |