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). Check how tangible is WH Smith PLC's equity to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see SMWH cash flow conversion.
Annual Capital Reinvestment Ratio for WH Smith PLC (2006–2025)
Year-by-year Capital Reinvestment Ratio for WH Smith PLC from 2006 to 2025. See how much free cash does WH Smith PLC generate to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |