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Acurity Health Group (NZSE:ACY) Capex-to-Operating-Cash-Flow : 0.47 (As of Mar. 2014)


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What is Acurity Health Group 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.

Acurity Health Group's Capital Expenditure for the six months ended in Mar. 2014 was NZ$-3.35 Mil. Its Cash Flow from Operations for the six months ended in Mar. 2014 was NZ$7.12 Mil.

Hence, Acurity Health Group's Capex-to-Operating-Cash-Flow for the six months ended in Mar. 2014 was 0.47.


Acurity Health Group Capex-to-Operating-Cash-Flow Historical Data

The historical data trend for Acurity Health Group'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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Acurity Health Group Capex-to-Operating-Cash-Flow Chart

Acurity Health Group Annual Data
Trend Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14
Capex-to-Operating-Cash-Flow
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 1.46 1.31 0.89 0.38

Acurity Health Group Semi-Annual Data
Mar02 Mar03 Sep03 Mar04 Sep04 Mar05 Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14
Capex-to-Operating-Cash-Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.56 1.97 0.53 0.29 0.47

Competitive Comparison of Acurity Health Group's Capex-to-Operating-Cash-Flow

For the Medical Care Facilities subindustry, Acurity Health Group'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.


Acurity Health Group's Capex-to-Operating-Cash-Flow Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Acurity Health Group's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Acurity Health Group's Capex-to-Operating-Cash-Flow falls into.



Acurity Health Group Capex-to-Operating-Cash-Flow Calculation

Acurity Health Group's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Mar. 2014 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-5.581) / 14.883
=0.37

Acurity Health Group's Capex-to-Operating-Cash-Flow for the quarter that ended in Mar. 2014 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-3.354) / 7.117
=0.47

* 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.


Acurity Health Group  (NZSE:ACY) 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.


Acurity Health Group Capex-to-Operating-Cash-Flow Related Terms

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Acurity Health Group (NZSE:ACY) Business Description

Traded in Other Exchanges
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Acurity Health Group Ltd provides private surgical healthcare services. It owns and operates approximately three private surgical hospitals. Its surgical services include cosmetic surgery, hip and knee replacement, and hernia surgery, among others.

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