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Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.
Independent Bank (Ionia MI)'s Capital Expenditure for the three months ended in Jun. 2024 was $-1.77 Mil. Its Revenue for the three months ended in Jun. 2024 was $54.76 Mil.
Hence, Independent Bank (Ionia MI)'s Capex-to-Revenue for the three months ended in Jun. 2024 was 0.03.
The historical data trend for Independent Bank (Ionia MI)'s Capex-to-Revenue 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.
Independent Bank (Ionia MI) Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Capex-to-Revenue | Get a 7-Day Free Trial | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 |
Independent Bank (Ionia MI) Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Capex-to-Revenue | Get a 7-Day Free Trial | 0.03 | 0.03 | 0.03 | 0.01 | 0.03 |
For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue 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.
For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s Capex-to-Revenue distribution charts can be found below:
* The bar in red indicates where Independent Bank (Ionia MI)'s Capex-to-Revenue falls into.
Independent Bank (Ionia MI)'s Capex-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
Capex-to-Revenue | = | - Capital Expenditure | / | Revenue |
= | - (-6.024) | / | 200.499 | |
= | 0.03 |
Independent Bank (Ionia MI)'s Capex-to-Revenue for the quarter that ended in Jun. 2024 is calculated as
Capex-to-Revenue | = | - Capital Expenditure | / | Revenue |
= | - (-1.773) | / | 54.756 | |
= | 0.03 |
* 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.
Independent Bank (Ionia MI) (NAS:IBCP) Capex-to-Revenue Explanation
Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.
Thank you for viewing the detailed overview of Independent Bank (Ionia MI)'s Capex-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Stefanie M Kimball | officer: Executive Vice President | 230 WEST MAIN STREET, IONIA MI 48846 |
Terance L Beia | director | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Archer Dennis W. Jr | director | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Christina Keller | director | 4200 E BELTLINE AVE, GRAND RAPIDS MI 49525 |
James J Twarozynski | officer: Sr Vice President & Controller | 201 HIGHLAND DRIVE, ROCKFORD MI 49341 |
Gavin A. Mohr | officer: Executive Vice President | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Kristopher Kreter | officer: First Vice Pres. & Controller | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Ronia F Kruse | director | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Joel F Rahn | officer: Executive Vice President | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
William B Kessel | officer: President of Affiliate Bank | INDEPENDENT BANK CORPORATION, 230 WEST MAIN STREET, IONIA MI 48846 |
Matthew J Missad | director | 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525 |
Patrick J Ervin | officer: Executive Vice President | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Dennis J Mack | officer: Executive Vice President | 230 WEST MAIN STREET, IONIA MI 48846 |
Robert N Shuster | officer: Executive Vice President and C | 201 HIGHLAND DRIVE, ROCKFORD MI 49341 |
Stephen A. Erickson | officer: EVP and Treasurer | 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401 |
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