BTAFF (British American Tobacco) Change In Inventory: $137 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BTAFF British American Tobacco PLC BTAFF
69 GF Score
Price $59.55
GF Value $38.56
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is British American Tobacco Change In Inventory?

British American Tobacco BTAFF +1.54% 69 Change In Inventory is $137 Mil as of Dec. 2025. GuruFocus rates BTAFF with a GF Score™ of 69/100 and a GF Value™ of $38.56 (Significantly Overvalued). The stock has 6 warning signs investors should review.

British American Tobacco's change in inventory for the quarter that ended in Dec. 2025 was $1,082 Mil. It means British American Tobacco's inventory declined by $1,082 Mil from Jun. 2025 to Dec. 2025 .

British American Tobacco's change in inventory for the fiscal year that ended in Dec. 2025 was $150 Mil. It means British American Tobacco's inventory declined by $150 Mil from Dec. 2024 to Dec. 2025 .

British American Tobacco's Total Inventories for the quarter that ended in Dec. 2025 was $5,866 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. British American Tobacco's Days Inventory for the quarter that ended in Dec. 2025 was 387.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. British American Tobacco's Inventory Turnover for the quarter that ended in Dec. 2025 was 0.47.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. British American Tobacco's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 0.35.


British American Tobacco  (OTCPK:BTAFF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

British American Tobacco's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=6384.8975/3005.354*365 / 2
=387.72

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

British American Tobacco's Inventory Turnover for the quarter that ended in Dec. 2025 is calculated as

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

British American Tobacco's Inventory to Revenue for the quarter that ended in Dec. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=6384.8975 / 18127.175
=0.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


British American Tobacco Change In Inventory Related Terms


British American Tobacco Change In Inventory Historical Data

* Premium members only.

The historical data trend for British American Tobacco's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

British American Tobacco Change In Inventory Chart

British American Tobacco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 575.80 -299.64 335.44 44.25 149.93

British American Tobacco Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 787.34 -770.99 810.37 -944.37 1,081.66
BTAFF
69GF Score
British American Tobacco PLC BTAFF
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

British American Tobacco Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $137 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $137 Mil mean?
British American Tobacco (BTAFF) has a Change In Inventory of $137 Mil as of Dec. 2025. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for British American Tobacco and its competitors.
Is British American Tobacco's Change In Inventory too high?
British American Tobacco's current Change In Inventory is $137 Mil. Overall, British American Tobacco has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco's Change In Inventory compare to PM and MO?
British American Tobacco's Change In Inventory of $137 Mil can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Tobacco Products company?
A good Change In Inventory depends on the Tobacco Products industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for British American Tobacco and its competitors. British American Tobacco's current Change In Inventory is $137 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British American Tobacco stock overvalued right now?
Based on GuruFocus' analysis, British American Tobacco (BTAFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $38.56, compared to a current price of $59.55 — trading 54.4% above its estimated fair value. The current Change In Inventory is $137 Mil. British American Tobacco's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For British American Tobacco (BTAFF), the current Change In Inventory is $137 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is British American Tobacco (BTAFF) Overvalued in 2026?

Based on GuruFocus' analysis, British American Tobacco stock appears to be overvalued. The current stock price of $59.55 is trading 54.4% above its estimated GF Value™ of $38.56. GuruFocus considers British American Tobacco to be Significantly Overvalued.

Key valuation signals for BTAFF:

  • Change In Inventory: $137 Mil
  • GF Value™: $38.56 vs. price of $59.55 (54.4% above fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the BTAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


British American Tobacco Business Description

Address Globe House, 4 Temple Place, London, GBR, WC2R 2PG
The third-largest tobacco company by volume, British American Tobacco sold 465 billion cigarettes in 2025. Its leading brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans in cigarettes. Its ownership of the Camel, Natural American Spirit, and Newport brands are limited to the US. In next-generation products, the company has the Vuse brand in vaping, Glo in heated tobacco, and Velo in modern oral tobacco. The company also owns a 22.9% stake in ITC limited, the largest Indian cigarette company.
69GF Score

Get the complete analysis for BTAFF

Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$59.55
Price
$38.56
GF Value