Smith & Nephew PLC Capital Reinvestment Ratio
Smith & Nephew PLC 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). See SN cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Smith & Nephew PLC (1991–2025)
Capital reinvestment ratio of Smith & Nephew PLC from 1991 to 2025. This chart tracks Smith & Nephew PLC's Capital Reinvestment Ratio across 34 annual periods. See Smith & Nephew PLC (SN) financial flexibility to measure the company's free cash flow as a share of total liabilities.
Smith & Nephew PLC Capital Reinvestment Ratio by Year (1991–2025)
Smith & Nephew PLC capital reinvestment ratio by year from 1991 to 2025. For the full cash flow conversion analysis, see SN operating cash flow.
| 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 | — |