WH Smith PLC (SMWH) — Capital Reinvestment Ratio
WH Smith PLC (SMWH) has a Capital Reinvestment Ratio of 0.15x as of August 2025, meaning it reinvests 0% of its operating cash flow (GBX190.00 Million) in capital expenditures (GBX29.00 Million). See WH Smith PLC balance sheet independence to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
WH Smith PLC Capital Reinvestment Ratio (2006–2025)
This chart tracks WH Smith PLC's Capital Reinvestment Ratio across 20 annual periods. Check SMWH capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for WH Smith PLC (2006–2025)
Year-by-year Capital Reinvestment Ratio for WH Smith PLC from 2006 to 2025. For live market cap and broader valuation context, see market value of WH Smith PLC.
| Year | Reinvestment Ratio | Operating CF (GBX) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.28x | GBX276.00 Million | GBX77.00 Million | ▼ -41.4% |
| 2024 | 0.48x | GBX275.00 Million | GBX131.00 Million | ▼ -2.0% |
| 2023 | 0.49x | GBX251.00 Million | GBX122.00 Million | ▲ +9.5% |
| 2022 | 0.44x | GBX187.00 Million | GBX83.00 Million | ▲ +0.9% |
| 2021 | 0.44x | GBX100.00 Million | GBX44.00 Million | ▼ -54.9% |
| 2020 | 0.98x | GBX81.00 Million | GBX79.00 Million | ▲ +209.2% |
| 2019 | 0.32x | GBX149.00 Million | GBX47.00 Million | ▲ +4.9% |
| 2018 | 0.30x | GBX143.00 Million | GBX43.00 Million | ▲ +14.1% |
| 2017 | 0.26x | GBX148.00 Million | GBX39.00 Million | ▲ +3.9% |
| 2016 | 0.25x | GBX134.00 Million | GBX34.00 Million | ▲ +7.5% |
| 2015 | 0.24x | GBX144.00 Million | GBX34.00 Million | ▼ -2.2% |
| 2014 | 0.24x | GBX116.00 Million | GBX28.00 Million | ▼ -10.2% |
| 2013 | 0.27x | GBX119.00 Million | GBX32.00 Million | ▼ -28.1% |
| 2012 | 0.37x | GBX115.00 Million | GBX43.00 Million | ▲ +7.6% |
| 2011 | 0.35x | GBX118.00 Million | GBX41.00 Million | ▲ +24.6% |
| 2010 | 0.28x | GBX104.00 Million | GBX29.00 Million | ▲ +11.5% |
| 2009 | 0.25x | GBX112.00 Million | GBX28.00 Million | ▼ -34.0% |
| 2008 | 0.38x | GBX103.00 Million | GBX39.00 Million | ▼ -4.2% |
| 2007 | 0.40x | GBX81.00 Million | GBX32.00 Million | ▲ +2.2% |
| 2006 | 0.39x | GBX75.00 Million | GBX29.00 Million | — |