British American Tobacco PLC (BATS) — Capital Reinvestment Ratio
British American Tobacco PLC (BATS) has a Capital Reinvestment Ratio of 0.13x as of December 2025, meaning it reinvests 0% of its operating cash flow (GBX3.40 Billion) in capital expenditures (GBX448.00 Million). See BATS equity financing ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
British American Tobacco PLC Capital Reinvestment Ratio (1995–2025)
This chart tracks British American Tobacco PLC's Capital Reinvestment Ratio across 31 annual periods. Check British American Tobacco PLC total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for British American Tobacco PLC (1995–2025)
Year-by-year Capital Reinvestment Ratio for British American Tobacco PLC from 1995 to 2025. For live market cap and broader valuation context, see British American Tobacco PLC stock valuation.
| Year | Reinvestment Ratio | Operating CF (GBX) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.11x | GBX4.91 Billion | GBX551.00 Million | ▲ +86.8% |
| 2024 | 0.06x | GBX10.12 Billion | GBX608.00 Million | ▲ +39.9% |
| 2023 | 0.04x | GBX10.71 Billion | GBX460.00 Million | ▼ -32.0% |
| 2022 | 0.06x | GBX10.39 Billion | GBX656.00 Million | ▼ -17.7% |
| 2021 | 0.08x | GBX9.72 Billion | GBX745.00 Million | ▼ -0.6% |
| 2020 | 0.08x | GBX9.79 Billion | GBX755.00 Million | ▼ -14.8% |
| 2019 | 0.09x | GBX9.00 Billion | GBX815.00 Million | ▲ +23.0% |
| 2018 | 0.07x | GBX10.29 Billion | GBX758.00 Million | ▼ -50.2% |
| 2017 | 0.15x | GBX5.35 Billion | GBX791.00 Million | ▲ +16.4% |
| 2016 | 0.13x | GBX4.61 Billion | GBX586.00 Million | ▲ +24.2% |
| 2015 | 0.10x | GBX4.72 Billion | GBX483.00 Million | ▼ -28.1% |
| 2014 | 0.14x | GBX3.72 Billion | GBX529.00 Million | ▲ +10.0% |
| 2013 | 0.13x | GBX4.44 Billion | GBX574.00 Million | ▼ -13.7% |
| 2012 | 0.15x | GBX4.43 Billion | GBX664.00 Million | ▼ -4.3% |
| 2011 | 0.16x | GBX3.94 Billion | GBX617.00 Million | ▲ +5.7% |
| 2010 | 0.15x | GBX3.94 Billion | GBX584.00 Million | ▼ -15.0% |
| 2009 | 0.17x | GBX3.17 Billion | GBX554.00 Million | ▲ +4.7% |
| 2008 | 0.17x | GBX3.26 Billion | GBX544.00 Million | ▼ -21.8% |
| 2007 | 0.21x | GBX2.26 Billion | GBX482.00 Million | ▼ -5.9% |
| 2006 | 0.23x | GBX1.88 Billion | GBX425.00 Million | ▲ +19.0% |
| 2005 | 0.19x | GBX2.00 Billion | GBX381.00 Million | ▼ -23.5% |
| 2004 | 0.25x | GBX1.34 Billion | GBX333.00 Million | ▼ -29.8% |
| 2003 | 0.35x | GBX1.21 Billion | GBX428.00 Million | ▼ -30.0% |
| 2002 | 0.51x | GBX967.00 Million | GBX490.00 Million | ▲ +21.5% |
| 2001 | 0.42x | GBX1.24 Billion | GBX515.00 Million | ▲ +24.4% |
| 2000 | 0.34x | GBX1.08 Billion | GBX362.00 Million | ▲ +76.3% |
| 1999 | 0.19x | GBX1.01 Billion | GBX193.00 Million | ▼ -91.4% |
| 1998 | 2.20x | GBX165.00 Million | GBX363.00 Million | ▲ +112.1% |
| 1997 | 1.04x | GBX347.00 Million | GBX360.00 Million | ▲ +36.9% |
| 1996 | 0.76x | GBX475.00 Million | GBX360.00 Million | ▲ +14.6% |
| 1995 | 0.66x | GBX546.00 Million | GBX361.00 Million | — |