Vodafone Group PLC (VOD) — Capital Reinvestment Ratio
Vodafone Group PLC (VOD) has a Capital Reinvestment Ratio of 0.54x as of September 2025, meaning it reinvests 1% of its operating cash flow (GBX4.51 Billion) in capital expenditures (GBX2.42 Billion). See Vodafone Group 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
Vodafone Group PLC Capital Reinvestment Ratio (1991–2025)
This chart tracks Vodafone Group PLC's Capital Reinvestment Ratio across 35 annual periods. Check VOD cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Vodafone Group PLC (1991–2025)
Year-by-year Capital Reinvestment Ratio for Vodafone Group PLC from 1991 to 2025. For live market cap and broader valuation context, see Vodafone Group PLC stock valuation.
| Year | Reinvestment Ratio | Operating CF (GBX) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.44x | GBX15.37 Billion | GBX6.70 Billion | ▲ +5.2% |
| 2024 | 0.41x | GBX16.56 Billion | GBX6.86 Billion | ▼ -18.8% |
| 2023 | 0.51x | GBX18.05 Billion | GBX9.21 Billion | ▲ +1.8% |
| 2022 | 0.50x | GBX18.08 Billion | GBX9.06 Billion | ▼ -0.2% |
| 2021 | 0.50x | GBX17.21 Billion | GBX8.64 Billion | ▲ +14.7% |
| 2020 | 0.44x | GBX17.38 Billion | GBX7.61 Billion | ▲ +12.4% |
| 2019 | 0.39x | GBX12.98 Billion | GBX5.05 Billion | ▲ +7.7% |
| 2018 | 0.36x | GBX13.60 Billion | GBX4.92 Billion | ▼ -18.2% |
| 2017 | 0.44x | GBX14.22 Billion | GBX6.29 Billion | ▼ -60.9% |
| 2016 | 1.13x | GBX13.29 Billion | GBX15.03 Billion | ▲ +23.7% |
| 2015 | 0.91x | GBX13.28 Billion | GBX12.15 Billion | ▲ +29.5% |
| 2014 | 0.71x | GBX7.53 Billion | GBX5.32 Billion | ▼ -13.2% |
| 2013 | 0.81x | GBX12.69 Billion | GBX10.32 Billion | ▲ +40.9% |
| 2012 | 0.58x | GBX12.36 Billion | GBX7.14 Billion | ▼ -19.8% |
| 2011 | 0.72x | GBX13.65 Billion | GBX9.83 Billion | ▲ +34.9% |
| 2010 | 0.53x | GBX14.67 Billion | GBX7.83 Billion | ▼ -16.9% |
| 2009 | 0.64x | GBX11.72 Billion | GBX7.52 Billion | ▲ +35.0% |
| 2008 | 0.48x | GBX12.41 Billion | GBX5.90 Billion | ▲ +6.3% |
| 2007 | 0.45x | GBX14.92 Billion | GBX6.68 Billion | ▼ -3.7% |
| 2006 | 0.47x | GBX15.95 Billion | GBX7.41 Billion | ▲ +13.5% |
| 2005 | 0.41x | GBX17.71 Billion | GBX7.26 Billion | ▲ +16.5% |
| 2004 | 0.35x | GBX19.29 Billion | GBX6.78 Billion | ▼ -31.9% |
| 2003 | 0.52x | GBX15.12 Billion | GBX7.81 Billion | ▲ +1.0% |
| 2002 | 0.51x | GBX13.25 Billion | GBX6.78 Billion | ▼ -92.3% |
| 2001 | 6.65x | GBX4.10 Billion | GBX27.28 Billion | ▲ +486.9% |
| 2000 | 1.13x | GBX2.99 Billion | GBX3.39 Billion | ▼ -3.1% |
| 1999 | 1.17x | GBX965.37 Million | GBX1.13 Billion | ▲ +26.5% |
| 1998 | 0.92x | GBX867.93 Million | GBX801.93 Million | ▼ -4.9% |
| 1997 | 0.97x | GBX510.11 Million | GBX495.85 Million | ▲ +8.4% |
| 1996 | 0.90x | GBX481.38 Million | GBX431.81 Million | ▼ -0.6% |
| 1995 | 0.90x | GBX254.21 Million | GBX229.32 Million | ▲ +33.0% |
| 1994 | 0.68x | GBX308.74 Million | GBX209.39 Million | ▲ +28.2% |
| 1993 | 0.53x | GBX330.05 Million | GBX174.55 Million | ▲ +26.8% |
| 1992 | 0.42x | GBX206.93 Million | GBX86.30 Million | ▼ -62.8% |
| 1991 | 1.12x | GBX191.61 Million | GBX214.87 Million | — |