British American Tobacco PLC (BATS) — Cash Flow Reinvestment Rate
British American Tobacco PLC (BATS) has a Cash Flow Reinvestment Rate of 0.13x as of December 2025, reinvesting GBX448.00 Million (capex GBX448.00 Million ) from operating cash flow of GBX3.40 Billion. Check British American Tobacco PLC (BATS) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
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. Explore BATS debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Annual Cash Flow Reinvestment Rate for British American Tobacco PLC (1995–2025)
Year-by-year capital reinvestment analysis for British American Tobacco PLC. For live market cap and broader valuation context, see market cap of British American Tobacco PLC.
| 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 | — |