Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
Heico's Capital Expenditure for the
three
months ended in Jan. 2024 was $-13.38 Mil. Its Operating Income for the
three
months ended in Jan. 2024 was $180.21 Mil.
Hence, Heico's Capex-to-Operating-Income for the
three
months ended in Jan. 2024 was 0.07.
Heico Capex-to-Operating-Income Historical Data
The historical data trend for Heico's Capex-to-Operating-Income 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.
Competitive Comparison of Heico's Capex-to-Operating-Income
For the Aerospace & Defense subindustry, Heico's Capex-to-Operating-Income, along with its competitors' market caps and Capex-to-Operating-Income 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.
Heico's Capex-to-Operating-Income Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Heico's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Heico's Capex-to-Operating-Income falls into.
Heico Capex-to-Operating-Income Calculation
Heico's Capex-to-Operating-Income for the fiscal year that ended in Oct. 2023 is calculated as
* 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.
Capex-to-Operating-Income assesses how much emphasis a company is placing upon investing in capital-intensive projects. The ratio is generally a good gauge to quantify how much focus on growth a company has. Typically, smaller companies that are still growing and expanding will have a higher Capex to Operating Income Ratio, since such businesses are likely investing more in physical assets. Lower ratios could indicate that a company has reached maturity and it is no longer pursuing aggressive growth.
Heico Capex-to-Operating-Income Related Terms
Thank you for viewing the detailed overview of Heico's Capex-to-Operating-Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.
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