British American Tobacco PLC (BATS) — Cash Flow Reinvestment Rate
British American Tobacco PLC (BATS) has a Cash Flow Reinvestment Rate of 0.05x as of June 2026, reinvesting GBX134.00 Million (capex GBX134.00 Million ) from operating cash flow of GBX2.58 Billion. See cash generation quality of British American Tobacco PLC to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
British American Tobacco PLC Cash Flow Reinvestment Rate (1995–2025)
Historical reinvestment intensity for British American Tobacco PLC across 31 annual periods. For the full cash flow conversion analysis, see BATS cash flow conversion.
Annual Cash Flow Reinvestment Rate for British American Tobacco PLC (1995–2025)
Year-by-year capital reinvestment analysis for British American Tobacco PLC. See BATS financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (GBX) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.27x | GBX1.34 Billion | GBX4.91 Billion | GBX551.00 Million | ▲ +39.8% |
| 2024 | 0.20x | GBX1.98 Billion | GBX10.12 Billion | GBX608.00 Million | ▲ +177.6% |
| 2023 | 0.07x | GBX756.00 Million | GBX10.71 Billion | GBX460.00 Million | ▼ -46.1% |
| 2022 | 0.13x | GBX1.36 Billion | GBX10.39 Billion | GBX656.00 Million | ▲ +15.0% |
| 2021 | 0.11x | GBX1.11 Billion | GBX9.72 Billion | GBX745.00 Million | ▲ +27.3% |
| 2020 | 0.09x | GBX875.00 Million | GBX9.79 Billion | GBX755.00 Million | ▼ -8.3% |
| 2019 | 0.10x | GBX877.00 Million | GBX9.00 Billion | GBX815.00 Million | ▲ +6.4% |
| 2018 | 0.09x | GBX943.00 Million | GBX10.29 Billion | GBX758.00 Million | ▼ -38.1% |
| 2017 | 0.15x | GBX791.00 Million | GBX5.35 Billion | GBX791.00 Million | ▲ +16.4% |
| 2016 | 0.13x | GBX586.00 Million | GBX4.61 Billion | GBX586.00 Million | ▲ +24.2% |
| 2015 | 0.10x | GBX483.00 Million | GBX4.72 Billion | GBX483.00 Million | ▼ -28.1% |
| 2014 | 0.14x | GBX529.00 Million | GBX3.72 Billion | GBX529.00 Million | ▲ +10.0% |
| 2013 | 0.13x | GBX574.00 Million | GBX4.44 Billion | GBX574.00 Million | ▼ -13.7% |
| 2012 | 0.15x | GBX664.00 Million | GBX4.43 Billion | GBX664.00 Million | ▼ -4.3% |
| 2011 | 0.16x | GBX617.00 Million | GBX3.94 Billion | GBX617.00 Million | ▲ +5.7% |
| 2010 | 0.15x | GBX584.00 Million | GBX3.94 Billion | GBX584.00 Million | ▼ -15.0% |
| 2009 | 0.17x | GBX554.00 Million | GBX3.17 Billion | GBX554.00 Million | ▲ +4.7% |
| 2008 | 0.17x | GBX544.00 Million | GBX3.26 Billion | GBX544.00 Million | ▼ -21.8% |
| 2007 | 0.21x | GBX482.00 Million | GBX2.26 Billion | GBX482.00 Million | ▼ -5.9% |
| 2006 | 0.23x | GBX425.00 Million | GBX1.88 Billion | GBX425.00 Million | ▲ +19.0% |
| 2005 | 0.19x | GBX381.00 Million | GBX2.00 Billion | GBX381.00 Million | ▼ -23.5% |
| 2004 | 0.25x | GBX333.00 Million | GBX1.34 Billion | GBX333.00 Million | ▼ -29.8% |
| 2003 | 0.35x | GBX428.00 Million | GBX1.21 Billion | GBX428.00 Million | ▼ -30.0% |
| 2002 | 0.51x | GBX490.00 Million | GBX967.00 Million | GBX490.00 Million | ▲ +21.5% |
| 2001 | 0.42x | GBX515.00 Million | GBX1.24 Billion | GBX515.00 Million | ▲ +24.4% |
| 2000 | 0.34x | GBX362.00 Million | GBX1.08 Billion | GBX362.00 Million | ▲ +76.3% |
| 1999 | 0.19x | GBX193.00 Million | GBX1.01 Billion | GBX193.00 Million | ▼ -91.4% |
| 1998 | 2.20x | GBX363.00 Million | GBX165.00 Million | GBX363.00 Million | ▲ +112.1% |
| 1997 | 1.04x | GBX360.00 Million | GBX347.00 Million | GBX360.00 Million | ▲ +36.9% |
| 1996 | 0.76x | GBX360.00 Million | GBX475.00 Million | GBX360.00 Million | ▲ +14.6% |
| 1995 | 0.66x | GBX361.00 Million | GBX546.00 Million | GBX361.00 Million | — |