Fisher & Paykel Healthcare (NZSE:FPH) Capex-to-Operating-Cash-Flow : 1.76 (As of Sep. 2023)

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What is Fisher & Paykel Healthcare 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.

Fisher & Paykel Healthcare's Capital Expenditure for the six months ended in Sep. 2023 was NZ$-275.50 Mil. Its Cash Flow from Operations for the six months ended in Sep. 2023 was NZ$156.50 Mil.

Hence, Fisher & Paykel Healthcare's Capex-to-Operating-Cash-Flow for the six months ended in Sep. 2023 was 1.76.

Fisher & Paykel Healthcare Capex-to-Operating-Cash-Flow Historical Data

The historical data trend for Fisher & Paykel Healthcare'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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Fisher & Paykel Healthcare Capex-to-Operating-Cash-Flow Chart

Fisher & Paykel Healthcare Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Capex-to-Operating-Cash-Flow

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0.53

0.30

0.52

0.89

Fisher & Paykel Healthcare Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Capex-to-Operating-Cash-Flow	Get a 7-Day Free Trial															0.64	0.45	65.68	0.37	1.76

Competitive Comparison of Fisher & Paykel Healthcare's Capex-to-Operating-Cash-Flow

For the Medical Instruments & Supplies subindustry, Fisher & Paykel Healthcare'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.

Fisher & Paykel Healthcare's Capex-to-Operating-Cash-Flow Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Fisher & Paykel Healthcare's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Fisher & Paykel Healthcare's Capex-to-Operating-Cash-Flow falls into.

Fisher & Paykel Healthcare Capex-to-Operating-Cash-Flow Calculation

Fisher & Paykel Healthcare's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Mar. 2023 is calculated as

Capex-to-Operating-Cash-Flow	=	- Capital Expenditure	/	Cash Flow from Operations
	=	- (-211.3)	/	238.2
	=	0.89

Fisher & Paykel Healthcare's Capex-to-Operating-Cash-Flow for the quarter that ended in Sep. 2023 is calculated as

Capex-to-Operating-Cash-Flow	=	- Capital Expenditure	/	Cash Flow from Operations
	=	- (-275.5)	/	156.5
	=	1.76

Fisher & Paykel Healthcare (NZSE:FPH) 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.

Fisher & Paykel Healthcare Capex-to-Operating-Cash-Flow Related Terms

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Fisher & Paykel Healthcare (NZSE:FPH) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Fisher & Paykel Healthcare Corp Ltd (NZSE:FPH) » Definitions » Capex-to-Operating-Cash-Flow

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FSPKF:USA FPLB:Germany FPH:Australia

Address

15 Maurice Paykel Place, East Tamaki, Auckland, NTL, NZL, 2013

Website

https://www.fphcare.com

Fisher & Paykel Healthcare is one of the three largest respiratory care device companies globally. It is the market leader in hospital use humidifiers, masks and related consumables and the number three player in the at-home treatment of sleep apnoea using respiratory devices. Both the hospital and homecare markets for respiratory devices are growing strongly in the developed markets in which Fisher & Paykel has a presence. The company earns 42% of its revenue in the U.S., 32% in Europe, 18% in Asia-Pacific and the remaining 8% in emerging markets. Fisher conducts its own R&D and has thousands of patents and pending applications. It manufactures in New Zealand and Mexico and has a multichannel distribution model.