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Westfield Trust (ASX:WFT) Capex-to-Operating-Cash-Flow : 3.73 (As of Dec. 2003)


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What is Westfield Trust 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.

Westfield Trust's Capital Expenditure for the six months ended in Dec. 2003 was A$-2,648.00 Mil. Its Cash Flow from Operations for the six months ended in Dec. 2003 was A$710.30 Mil.

Hence, Westfield Trust's Capex-to-Operating-Cash-Flow for the six months ended in Dec. 2003 was 3.73.


Westfield Trust Capex-to-Operating-Cash-Flow Historical Data

The historical data trend for Westfield Trust'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.

* Premium members only.

Westfield Trust Capex-to-Operating-Cash-Flow Chart

Westfield Trust Annual Data
Trend Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02
Capex-to-Operating-Cash-Flow
Get a 7-Day Free Trial - 3.20 - - -

Westfield Trust Semi-Annual Data
Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Capex-to-Operating-Cash-Flow Get a 7-Day Free Trial Premium Member Only 3.20 - - - 3.73

Competitive Comparison of Westfield Trust's Capex-to-Operating-Cash-Flow

For the Real Estate - Development subindustry, Westfield Trust'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.


Westfield Trust's Capex-to-Operating-Cash-Flow Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Westfield Trust's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Westfield Trust's Capex-to-Operating-Cash-Flow falls into.



Westfield Trust Capex-to-Operating-Cash-Flow Calculation

Westfield Trust's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Dec. 2002 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (0) / 631.5
=0.00

Westfield Trust's Capex-to-Operating-Cash-Flow for the quarter that ended in Dec. 2003 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-2648) / 710.3
=3.73

* 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.


Westfield Trust  (ASX:WFT) 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.


Westfield Trust Capex-to-Operating-Cash-Flow Related Terms

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Westfield Trust (ASX:WFT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Westfield Trust (WFT) comprises interests in 50 shopping centres in Australia and New Zealand, with 3.1m sqm2 of gross lettable area servicing more than 9,400 retailers who generate in excess of $13.9 billion of retail sales.

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