What is BNY Mellon High Yield Strategies Fund 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.
* 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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BNY Mellon High Yield Strategies Fund Capex-to-Operating-Cash-Flow Chart
Competitive Comparison of BNY Mellon High Yield Strategies Fund's Capex-to-Operating-Cash-Flow
For the Asset Management subindustry, BNY Mellon High Yield Strategies Fund'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.
BNY Mellon High Yield Strategies Fund's Capex-to-Operating-Cash-Flow Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BNY Mellon High Yield Strategies Fund's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where BNY Mellon High Yield Strategies Fund's Capex-to-Operating-Cash-Flow falls into.
BNY Mellon High Yield Strategies Fund Capex-to-Operating-Cash-Flow Calculation
* 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.
BNY Mellon High Yield Strategies Fund (NYSE:DHF) 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.
BNY Mellon High Yield Strategies Fund Capex-to-Operating-Cash-Flow Related Terms
Thank you for viewing the detailed overview of BNY Mellon High Yield Strategies Fund's Capex-to-Operating-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.
BNY Mellon High Yield Strategies Fund (BNY Mellon High Yield Strategies Fund) Business Description
BNY Mellon High Yield Strategies Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income and its secondary objective is capital appreciation. It invests primarily in fixed-income securities of below-investment-grade credit quality.
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