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BATs headline profitability was good until it acquired Reynolds American Profitability, measured by return on capital employed, is a key metric because it tells you a lot about: How competitive the company is (highly competitive companies tend to produce consistently higher returns on capital) How fast the company can grow by organically reinvesting some of its earnings (this tends to be lower risk than borrowing money to fund growth) In BATs case, before 2017 it was consistently producing a net return on capital of around 20%, which is about double the average for UK large-cap stocks

He was 45 years old

I agree, Amazing

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Codes were then organized into broader themes that represented key psychological and cultural dimensions associated with smoking behavior, such as stress regulation, coping strategies, social belonging, and self-esteem and self-control, and were analyzed using MAXQDA 24 software 21