Magic Software Enterprises (Magic Software Enterprises) Capex-to-Operating-Cash-Flow : 0.13 (As of Dec. 2023)

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What is Magic Software Enterprises Capex-to-Operating-Cash-Flow?

Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.

Magic Software Enterprises's Capital Expenditure for the three months ended in Dec. 2023 was $-1.60 Mil. Its Cash Flow from Operations for the three months ended in Dec. 2023 was $12.44 Mil.

Hence, Magic Software Enterprises's Capex-to-Operating-Cash-Flow for the three months ended in Dec. 2023 was 0.13.

Magic Software Enterprises Capex-to-Operating-Cash-Flow Historical Data

The historical data trend for Magic Software Enterprises's Capex-to-Operating-Cash-Flow 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.

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Magic Software Enterprises Capex-to-Operating-Cash-Flow Chart

Magic Software Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Capex-to-Operating-Cash-Flow

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0.12

0.11

0.14

0.06

Magic Software Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Capex-to-Operating-Cash-Flow	Get a 7-Day Free Trial															0.11	0.06	0.04	0.05	0.13

Competitive Comparison of Magic Software Enterprises's Capex-to-Operating-Cash-Flow

For the Information Technology Services subindustry, Magic Software Enterprises's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Magic Software Enterprises's Capex-to-Operating-Cash-Flow Distribution in the Software Industry

For the Software industry and Technology sector, Magic Software Enterprises's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Magic Software Enterprises's Capex-to-Operating-Cash-Flow falls into.

Magic Software Enterprises Capex-to-Operating-Cash-Flow Calculation

Magic Software Enterprises's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Dec. 2023 is calculated as

Capex-to-Operating-Cash-Flow	=	- Capital Expenditure	/	Cash Flow from Operations
	=	- (-4.778)	/	77.94
	=	0.06

Magic Software Enterprises's Capex-to-Operating-Cash-Flow for the quarter that ended in Dec. 2023 is calculated as

Capex-to-Operating-Cash-Flow	=	- Capital Expenditure	/	Cash Flow from Operations
	=	- (-1.598)	/	12.444
	=	0.13

Magic Software Enterprises (NAS:MGIC) Capex-to-Operating-Cash-Flow Explanation

Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.

Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.

Magic Software Enterprises Capex-to-Operating-Cash-Flow Related Terms

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Magic Software Enterprises (Magic Software Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (NAS:MGIC) » Definitions » Capex-to-Operating-Cash-Flow

Comparable Companies

Traded in Other Exchanges

MGIC:Israel MGK:Germany MGK:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Or Yehuda, ISR, 6037501

Website

https://www.magicsoftware.com

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.