Smith & Nephew PLC (SN) — Capital Reinvestment Ratio
Smith & Nephew PLC (SN) has a Capital Reinvestment Ratio of 0.42x as of June 2026, meaning it reinvests 0% of its operating cash flow (GBX446.31 Million) in capital expenditures (GBX188.44 Million). Check tangible net worth ratio of Smith & Nephew PLC to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Smith & Nephew PLC Capital Reinvestment Ratio (1991–2025)
This chart tracks Smith & Nephew PLC's Capital Reinvestment Ratio across 34 annual periods. For the full cash flow conversion analysis, see Smith & Nephew PLC cash flow conversion.
Annual Capital Reinvestment Ratio for Smith & Nephew PLC (1991–2025)
Year-by-year Capital Reinvestment Ratio for Smith & Nephew PLC from 1991 to 2025. See SN FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (GBX) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.34x | GBX1.31 Billion | GBX442.08 Million | ▼ -12.7% |
| 2024 | 0.39x | GBX987.00 Million | GBX381.00 Million | ▼ -45.0% |
| 2023 | 0.70x | GBX608.00 Million | GBX427.00 Million | ▼ -8.2% |
| 2022 | 0.76x | GBX468.00 Million | GBX358.00 Million | ▲ +64.4% |
| 2021 | 0.47x | GBX877.00 Million | GBX408.00 Million | ▼ -1.8% |
| 2020 | 0.47x | GBX935.00 Million | GBX443.00 Million | ▲ +35.6% |
| 2019 | 0.35x | GBX1.17 Billion | GBX408.00 Million | ▼ -6.3% |
| 2018 | 0.37x | GBX931.00 Million | GBX347.00 Million | ▲ +8.0% |
| 2017 | 0.34x | GBX1.09 Billion | GBX376.00 Million | ▼ -25.3% |
| 2016 | 0.46x | GBX849.00 Million | GBX392.00 Million | ▲ +32.8% |
| 2015 | 0.35x | GBX1.03 Billion | GBX358.00 Million | ▼ -36.7% |
| 2014 | 0.55x | GBX683.00 Million | GBX375.00 Million | ▲ +40.0% |
| 2013 | 0.39x | GBX867.00 Million | GBX340.00 Million | ▲ +33.5% |
| 2012 | 0.29x | GBX902.00 Million | GBX265.00 Million | ▼ -22.9% |
| 2011 | 0.38x | GBX842.00 Million | GBX321.00 Million | ▲ +4.0% |
| 2010 | 0.37x | GBX859.00 Million | GBX315.00 Million | ▼ -17.1% |
| 2009 | 0.44x | GBX719.00 Million | GBX318.00 Million | ▼ -13.4% |
| 2008 | 0.51x | GBX566.00 Million | GBX289.00 Million | ▲ +11.6% |
| 2007 | 0.46x | GBX424.00 Million | GBX194.00 Million | ▼ -27.5% |
| 2006 | 0.63x | GBX352.00 Million | GBX222.00 Million | ▼ -18.0% |
| 2005 | 0.77x | GBX260.00 Million | GBX200.00 Million | ▲ +42.9% |
| 2004 | 0.54x | GBX363.28 Million | GBX195.55 Million | ▲ +14.3% |
| 2003 | 0.47x | GBX276.79 Million | GBX130.36 Million | ▼ -16.7% |
| 2002 | 0.57x | GBX242.85 Million | GBX137.30 Million | ▼ -24.9% |
| 2001 | 0.75x | GBX144.46 Million | GBX108.78 Million | ▼ -20.2% |
| 1999 | 0.94x | GBX115.02 Million | GBX108.55 Million | ▼ -3.9% |
| 1998 | 0.98x | GBX117.19 Million | GBX115.03 Million | ▼ -6.6% |
| 1997 | 1.05x | GBX113.57 Million | GBX119.35 Million | ▲ +20.0% |
| 1996 | 0.88x | GBX142.14 Million | GBX124.50 Million | ▼ -41.3% |
| 1995 | 1.49x | GBX72.47 Million | GBX108.16 Million | ▲ +75.2% |
| 1994 | 0.85x | GBX117.10 Million | GBX99.75 Million | ▼ -62.2% |
| 1993 | 2.26x | GBX43.34 Million | GBX97.78 Million | ▲ +146.7% |
| 1992 | 0.91x | GBX76.14 Million | GBX69.62 Million | ▲ +17.7% |
| 1991 | 0.78x | GBX106.47 Million | GBX82.71 Million | — |